Concern as orders for Cambodia’s garments wind down
The unstable global environment and increasing likelihood of an economic downturn in Western countries have sparked concern over the export situation for Cambodia.
The unstable global environment and increasing likelihood of an economic downturn in Western countries have sparked concern over the export situation for Cambodia.
Exports have been one of the few bright spots for the Chinese economy in 2022, as widespread lockdowns hit businesses and consumers hard.
The country’s Q2 GDP grew 3.72 per cent quarter-on-quarter to beat Bank Mandiri’s estimate of 3.44 per cent, while growth was up 5.23 per cent in the first half of the year.
88 per cent heartland enterprises have taken up at least one form of e-payment method as at May 2022, an increase from 53 per cent in Oct 2020.
Vacancy rates in Shenzhen, Beijing and Shanghai stood below 7 per cent, while rates in Nanchang, Langfang and Foshan were over 15 per cent.
The sluggish corporate bond issuance in Indonesia was on par with similar trends across Asia, partly driven by the absence of Chinese firms’ issuance.
An expert noted the recovery was due to a sharp drop in import payments after all letters of credit for oil in July were cleared and exporters rushed to close their open positions.
As India has eased Covid-19 restrictions, information technology firms have found that employees are reluctant to return to the office full-time.
Foreign multinational groups will be able to establish finance companies directly or through foreign-funded investment companies established in China.
While renewed Covid-19 outbreaks may threaten the pace of the recovery, the country's supply chain will be more resilient, economists said.