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Market Talk – May 17, 2022 | Armstrong Economics

ASIA: The 2022 Asian Para Games that were scheduled to take place in the Chinese city of Hangzhou have been postponed due to the COVID-19 pandemic, the Asian Paralympic Committee (APC) and the Games' organizing committee (HAPGOC) said on Tuesday. A taskforce formed by the two committees and the Chinese Paralympic Committee will work on ....

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Market Talk – May 17, 2021 | Armstrong Economics


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ASIA:
China’s factories slowed their output growth in April and retail sales significantly missed expectations as officials warned of new problems affecting the recovery in the world’s second-largest economy. Factory output grew 9.8% in April from a year ago, in line with forecasts but slower than the 14.1% surge in March, National Bureau of Statistics data showed on Monday. Retail sales, meanwhile, rose 17.7%, much weaker than a forecast 24.9% uptick and the 34.2% surge in March. In the factory sector, motor vehicle production growth fell sharply to 6.8% from 69.8%, due in part to the base effect as well as critical shortages of semiconductors used in car systems. ....

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