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NEW UPDATES Asean Affairs  10 July 2015  

BI on guard against impact of Chinese crash

Bank Indonesia (BI) says it remains vigilant amid the slide in the Chinese stock market as China is the world’s economic growth-promoting country and one of Indonesia’s main trading partners.

“We must anticipate this because China has become the center of regional and global economic growth. If the market’s correction is sharp, there will be impacts we must anticipate because there are interconnected risks between the two countries,” BI governor Agus Martowardojo said as quoted by Antara on Thursday. He was speaking in an event in Jakarta on Wednesday evening.

Agus said the capital market in China had grown at an astonishing rate and although it had plunged by up to 30 percent since June 12, compared to its growth during the past year, the market was still up year-on-year.

“If there has been a correction in the Chinese stock market, and it continues to experience corrections even after the issuance of a policy to hold back stock prices for a year, we must remain vigilant against its possible impact,” said Agus.

Agus said he was still optimistic that Indonesia’s economic growth would be better in the second half of this year; however, the economic conditions in China needed to be watched closely and Indonesia must be wary.

“Our study shows that if China’s economic growth declines by up to 1 percent, Indonesia’s economic growth could decline by in between 0.4 – 0.6 percent,” said Agus.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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