Now it’s official, the president of Russia Vladimir Putin will be in China next Saturday, June 25. Although the details of the state visit are not yet known, the Russian ambassador to China, Andrei Denisov said that "With regard to the upcoming visit, we have quite a substantial list of over thirty projects that are now in various stages of preparation".
The Russian giant Rosnet oil could fall into Chinese or Indian hands. According to reports from Bloomberg, Vladimir Putin is thinking of selling the idea to consolidate public finances weighed down by oil prices to a minimum. In a context aggravated by European sanctions and counter-moves by the Federation, that have accelerated a crisis that would require budget cuts difficult to achieve, according to the rumor reported by Bloomberg, the Kremlin is seeking a buyer for the 19.5% of the leaders of the Rosneft oil, and he would be just trying to place it in a joint venture between the Chinese and Indians. The revenues expected from the partial privatization of at least 700 billion ribli ($ 11 billion).
Once again the Chinese A-Shares, the shares listed on the Shanghai and Shenzhen Stock exchanges in renminbi, the MSCI Emerging Markets. The index provider MSCI has again postponed the inclusion of local Chinese shares in its benchmark on global emerging stressing that the Asian giant has to do more to make its markets accessible to foreign investors.
MSCI returns so for the third consecutive year the inclusion of A Shares and this year analysts gave a probability of greater inclusion to 50 percent, with Goldman Sachs who recently said that the odds were well 70 per cent believing that latest moves of the China Securities Regulatory Commission had dissolved concerns about the "beneficial ownership" of the shares held.
"The problem is that the fake products today, have better quality and are cheaper than those who have the mark" Jack Ma, Alibaba guru said yesterday.
China’s largest portal of e-commerce has been repeatedly accused of being indifferent to the offering for sale of products that mimic the original: and do nothing to halt the trade.
However the words Alibaba boss left aftermath. In fact the official disapproval of the Director of the Centre for Research on e-commerce Hangzhou Cao She promptly arrived. "For a few specific cases it may be true, but it is wrong to generalize the phenomenon" also "is inappropriate for someone of Jack’s caliber But to say things like that."
China continues to show signs of weakness, triggering panic in financial markets frightened by the possibility that the slowdown in emerging economies could infect the other major industrialized economies.
The latest data on industrial production in fact show an increase of 6% in May on an annual basis, exactly as in the previous month, showing no acceleration in the pace of growth, respecting the expectations of analysts. On-month the figure has gone up by 0.45% from 0.47% in April.
Amazon strongly points on India and is ready to invest $ 3 billion. CEO Jeff Bezos unveiled the important investment plan in the Asian country to ride the wave of e-commerce growth during the Business Council’s Leadership Summit in Washington, where he met Indian Prime Minister Narendra Modi.
This is not the first effort of Amazon in India, as the company had earmarked $ 2 billion for 2014. But it is certainly an important signal of the Amazon will to grow up in a country that offers good side perspective of e-commerce: online purchases grew from $ 6.3 billion in 2014 to 16 last year. The number one Amazon declined to give details on the timing and areas of interest of the new investments, but in India the company already counts on some warehouses and a logistics network.
Inflation slows sharply in China, registering the first failure in the last seven months, confirming that the deflation risk is also increased in the major Asian economy. The consumer price index increased by 2% trend in May, showing a sharp slowdown compared to the 2.3% recorded in April.
Inflation is also revealed below the 2.2% consensus and remains a far cry from the growth rates that characterized the Chinese economy a few years ago, when economic growth was closer to that of a developing country .
New collapse in April machinery orders in Japan, after the recovery of the previous month, confirming the difficult situation facing the Japanese economy.
The total orders for the private sector in April recorded a fall of 20.2%, after + 2% previously. The indicator has been published by the Institute of Economic Research and the Japan Social (ESRI).
