SUBSCRIBERS
China stabilising but economy on two tracks
Published Sun, Nov 15, 2015 · 09:50 PM
OCTOBER activity data points to further evidence of the economy bottoming out after struggling to maintain momentum in the third quarter.
While the absolute level of domestic demand remains weak, the underlying divergence continued among the different sectors of the economy.
On the one hand, retail spending maintained solid growth, supported by car and household appliance sales, thanks to recovering housing market activity.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients
Prudential’s Q1 new business profit down 2% at S$743 million