China
China records improved 6.9% GDP growth in 2017
For the year ahead, a number of agencies have predicted that China’s economy will remain stable in 2018, with its GDP growth remaining at around 6.7%

China’s GDP growth made its first rebound since 2011 with a year-on-year rise of 6.9% in 2017, according to the National Bureau of Statistics. Meanwhile, total GDP volume has exceeded 80 trillion yuan for the first time, recording 82.71 trillion yuan (US$12.89 trillion), Economic Information Daily reported.
The newly released figure beats Beijing’s official annual expansion target of 6.5%.
The data shows that the total amount of trade has increased 14.2% from a year earlier, hitting 27.79 trillion yuan, which reversed a decline of two consecutive years.
Xu Hongcai, deputy chief economist of China Center for International Economic Exchanges, thinks the improvement in external demand driven by the apparent recovery of the world economy has made a great contribution to the country’s GDP growth.
For the year ahead, a number of agencies have predicted that China’s economy will remain stable in 2018, with its GDP growth remaining at around 6.7%.
China
RCEP and China: Reimagining the future of trade in Asia
The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.
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Thailand ready to ink big Chinese-backed trade deal
The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.
(more…)Business
Great Wall Motor (China) takes over GM factory in Thailand
The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.
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