Daily FNArena News - International

ANZ has lowered its growth outlook for Asia for the coming year, with the South-East better placed at present than the North-East.

The latest survey of Chinese manufacturing conditions by CLSA Asia-Pacific Markets shows a further decline, reflecting both a weak economic environment and soft demand.

While similar, the current decline of Asian currencies differs in many ways from the falls of the 2000/01 global economic downturn.

ANZ Bank thinks China’s recently announced stimulus package is large enough and well targeted enough to support solid growth.

The Chinese economy is slowing and while there are some positives and the government is doing what it can to provide a boost Standard Chartered doesn’t expect any quick turnaround.

Sure, the Chinese government pouring money into its economy is good news for Australian resources, but will it keep GDP growth above 8%?

It’s been coming for months, so not much of a surprise. However, now it’s official: China’s GDP growth rate has started to slow.

Standard Chartered sees increasing signs the global economic crisis is impacting on growth in Hong Kong.

Danske Bank provides the bad news on the Japanese economy.

There’s no doubt the Chinese economy is slowing, but there are significant questions to be answered before a dim view can be taken.