Asia Economic Weekly
亚洲经济周报
Issue No. 3
（2014.01.10-2014.01.17）
Highlights: 2014 has been a key time node for the world. The
United States has been recovered from the financial crisis since the
quantitative easing by the Federal Reserve, meanwhile other
countries are still in the second half period of crisis or just going
through the risk exposure periods, which result in significant
dislocation in global economic cycle.
Research and Training Institute
Boao Forum for Asia
博鳌亚洲论坛研究院
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【Weekly Review】
Securities Daily: Global Money Liquidity At Inflection Point of
New Period2014 has been a key time node for the world. The
United States has been recovered from the financial crisis since the
quantitative easing by the Federal Reserve, meanwhile other
countries are still in the second half period of crisis or just going
through the risk exposure period, which result in significant
dislocation in global economic cycle and definitely increase the
polarization risk of global policies.
【Economic Developments】
China: Total exports and imports surpassed $4 trillion for the
first time
China: The PMI in December remained above the critical point
for 15 months in a row
Japan: Government will launch new economic stimulus policies
Japan: Current-account deficit widened to a record in
November
South Korea: Government to extend incentives including tax
breaks and maximum visa duration aimed at attracting foreign
investment
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South Korea: Central bank forecast its economy to grow 3.8
percent this year
South Korea: Car exports declined 2.7 percent on-year in 2013
Singapore: The trading volume of house resale in 2013 is not
cheerful
Philippines: Fiscal budget up 15 percent in 2015
Philippines: Growth of money-supply is expected to decrease
Indonesia: To be the 15th largest economy in the world
Indonesia: Announced 66 companies would not be affected by
limits of halting all mineral ore exports
Vietnam: Garment exports surpassed $20 billion in 2013
Russia: 2013 Consumer Price Index edged up to 6.5 percent
Russia: Russian 2013 oil production rose to a record high since
the 1990s
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New Zealand: Bulk commodity prices in December rose to its
second highest level on record
U.S.: 2013 budget deficit drop to nearly half of it in 2012
Federal Reserve: Predict stronger growth in U.S. economy for
2014
ECB: Keep benchmark interest rate at 0.25 percent unchanged
Euro zone: Economic growth to pick up modestly in 2014
ECB: Number of counterfeit euro bills hit a record high, ECB to
change the design to make it harder to counterfeit
【Trade & Investment】
Data: Global big M&A deals was stagnant in 2013
China: Emerging markets such as ASEAN become new growing
point in China’s foreign trade in 2013 Zheng Yuesheng, the
Spokesperson & Director-general of the Department of Statistics of
the General Administration of Customs introduced issues on China’s
import and export information of 2013 in a news conference.
South Korea: Financial companies accelerate development in
China and Southeast markets
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South Korea: To approve $200 million loan to support Laos
development
【Regional Cooperation】
South Korea: Take China-South Korea FTA as number-one
priority of trade policy
SGX: Provide
enterprises
‘Direct
Listing
Framework’ for Chinese
South Korea, U.S.: Held talks in potentially jointing the TPP,
U.S. thought it’s difficult for South Korea to join the
negotiations
South Korea, North Korea: Spent 27 percent of the joint funds
in 2013, to be the highest level since 2007
【Authoritative Forecasts】
IMF: Raise its global economic growth forecast
Forum: 2014 global economy is still full of uncertainty CY Leung,
the Chief Executive and President of Hong Kong Special
Administrative Region said recently that China's currency
liberalization is not just a national or regional trend. It is a global
trend.
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Goldman: China financial situation being complex in 2014
Deutsche Bank: Expect China GDP to grow by 8.6 percent in
2014Ma Jun, the Managing Director and Chief Economist, Greater
China Deutsche Bank predicted on Jan.13 that China's economy will
grow 8.6 percent in 2014, extending the strong momentum seen in
the second half of 2013, and he also predicted that the yuan to
appreciate 2 percent against the dollar by year-end.
The Nobel Prize winner Paul Krugman: Economic growth in
both the U.S. and Europe looks set to return
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