Cheng Shi, chief economist at ICBC International, said the country is expected to enrich its monetary policy tool kit of lending direct support to small businesses and step up reforms of its financial system to better match small businesses' financing needs this year. … [Read more...] about Growth in Q4 forecast to hit pre-virus rate
"The year of 2020 had been an unprecedented year full of unique challenges for us. We started operation of our petrochemical complex at Pulau Muara Besar Industrial Park (PMB) at the end of 2019, and into 2020" facing an impact of the COVID-19, the CEO said. … [Read more...] about Interview: China-Brunei joint petrochemical venture contributes to local economy: CEO
When visiting Brunei, the Chinese state councilor called for efforts to open "fast tracks" for personnel movement, plan and build "green lanes" for the movement of goods, and maintain the stability of industry chains and supply chains. In Indonesia, Wang said that China is willing to expand Indonesia's exports to China and increase investments in Indonesia. … [Read more...] about 30th anniversary of China-ASEAN dialogue relations opens new chapter of common prosperity
However, again from the point of view of the Budget, this decline to Rs 195 lakh crore will help in projecting a number of 15 per cent growth in nominal terms (10 per cent real and 5 per cent inflation) which will bring the level to Rs 224 lakh cr which is what was projected for FY21. … [Read more...] about Economy to bounce back next year!
The indicator fell by 0.6% in November on top of the 0.8% decline in October, and 4.6% drop in the September quarter, it said, adding, “this supports our call of GVA (gross value added) contractions of 1% in the December quarter and 6.7% in FY21.” … [Read more...] about Indian economy ‘weak,’ credit growth bottoming out: BofA