Vietnam reported positive production and operating data through July with Moody’s Analytics raising its forecast of the country’s GDP growth to 8.5 percent, making it its highest growth projection in Asia-Pacific. This comes as China to the nearby north has been showing further signs of an economic downturn. Despite a slowdown in Vietnam’s exports in…
Vietnam’s Economy Grows as Businesses Exit China
September 5, 2022
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China July Industrial Profits Down as COVID-19 Curbs, Heat Waves Hit
SHANGHAI—Profits at China’s industrial firms sank in July as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heat waves threatened production. Profits at China’s industrial firms fell 1.1 percent in January-July from a year earlier, wiping out the 1.0 percent growth logged during the first six months, the…
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