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Developing Asian economies will revert to a more moderate growth outlook of 7.5% this year and 7.2% next year after posting its fastest growth of 9% in nearly two decades in 2007, the Asian Development Bank (ADB) says in a new major report.
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Developing Asian countries must implement structural reforms that support the agricultural sector or else face another dramatic rise in food prices, the Asian Development Bank (ADB) warns in a new major report.
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In August, the total retail sales of consumer goods reached 876.8 billion yuan, a year-on-year increase of 23.2 percent.
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The Asia-Pacific enterprise telephony market continues to see sustainable growth on the back of a high uptake in IP-based solutions which offer a giant step forward in improving business communications.
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Fitch Ratings said that the Taiwanese economy had become much more open in recent years, and considerably more exposed to economic conditions in China. Industrial production and exports are both on a slowing trend and the agency expects GDP growth rate for Taiwan to be 4.3% this year, down from 5.7% in 2007.
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The latest data on the state of the labour market in Hong Kong is due on Thursday 18th which should provide some indication as to how trends in the commercial property lettings market will develop into the autumn. GDP contracted in the second quarter falling by 1.4% on the previous quarter which followed a 2% rise in the first three months of 2008.
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CCID Consulting's data shows that the sales volume of China's notebook computer market reached 1.9 million sets in 2008Q2, up 47.5% year-on-year.
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The Conference Board announced that both the leading and coincident indexes for Korea increased 0.9 percent in July.
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Taiwan yesterday became the third major Asian economy to reveal a package of economic stimulatory measures within the past two weeks.
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From January to August, total investment in fixed assets in urban areas stood at 8,492.0 billion yuan, a rise of 27.4 percent, year-on-year. Of which, state-owned and state-holding enterprises invested 3,484.0 billion yuan, surging 21.1 percent; real estate development valued at 1,843.0 billion yuan, up 29.1 percent.
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