The Chinese economy grew by 9.3% in 2011 and slowed to 7.7% in both 2012 and 2013. In 2014, 2015 and 2016, GDP grew by 7.3%, 6.9% and 6.7% respectively. Per capita GDP reached RMB53,980 in 2016. In the four quarters of 2017, GDP grew by 6.9% in the first two quarters and 6.8% in the last two quarters, resulting in an average growth of 6.9% for 2017.
Hong Kong is the third biggest financial centre according to The Global Financial Centres Index 22. Although Shanghai ranks sixth on this list and has no shortage of financing channels, many Shanghai companies carry out project financing through Hong Kong. They hope to make use of the city’s convenient capital movement to develop international business, and access cost-effective resources to optimise their financing structure. More
Relatively well-diversified in the region, the Moroccan economy is expected to see a robust rebound of 4.8% in 2017 and 3% in 2018, after a sluggish growth of 1.2% in 2016 due to a severe drought. More
The Turkish economy has continued its recovery amid stronger exports, increasing public finance and government-sponsored investment incentives, despite worries over tighter global liquidity, geopolitical tensions and high inflation. More
The Philippine economy is expected to maintain strong growth of 6.6% in 2017, led by robust domestic demand and a recovery in exports. Philippine exports increased by 12.2% YOY to US$47.7 billion in the first nine months of 2017, whereas imports increased by 7.4% YOY to US$66.7 billion during the same period. More
Malaysia’s economy expanded by 4.2% in 2016, slowing from 5% in 2015. The IMF expects GDP growth at around 4.5% in 2017. Hong Kong's exports to Malaysia increased by 4.9% YOY to US$2.7 billion in the first nine months of 2017, while imports expanded 14.3% YOY to US$9.8 billion during the same period. More
The shift of the global supply chain has undoubtedly driven industrial growth in Asia. Following the development of regional division of labour, cooperation between local and foreign-invested enterprises in Asia is growing stronger. Different industries within the region have gradually established close ties between their upstream and downstream operations. This has stimulated the rapid expansion of intra-Asia trade. More