SYDNEY (Reuters) – The price of Australian wool favored by Chinese clothing makers has dropped as much as 20% in the last fortnight, sales reports show, with would-be bidders shunning auctions as the Sino-U.S trade war ramped up.
The plan will include further reforming the Hukou system – a family registration program that serves as a domestic passport and regulates rural-to-urban migration, and expanding channels for making non-salary income, said Meng Wei, spokeswoman at the National Development and Reform Commission (NDRC).
Widodo listed minerals such as bauxite and nickel, as well as coal, palm oil and fisheries, as the type of resources Indonesia should process more of onshore to increase their value before exporting.
“Besides their own domestic reforms, they all benefited enormously from the broader context of globalization and the rapid economic development of the Asia-Pacific region,” Goldman economists led by Andrew Tilton wrote in a report Thursday. “However, the same characteristics that helped them benefit on the upside have left them relatively more exposed to the recent slowdown in global growth.”
Southeast Asia’s second-largest economy expanded just 2.8% in the first quarter, the weakest annual pace in more than four years, as exports – a key growth driver – have declined amid rising trade tensions and a strong baht .
Adding to the growing challenge for policymakers, the nation’s core consumer inflation is also expected to stay at 2-year lows for the month, weighed down by softer prices of energy-related items, the poll showed.
NEW YORK (Reuters) – Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made losses at the coworking firm appear a lot smaller.