Established in 2011 by ASEAN+3 Finance Ministers, the ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization that aims to contribute to the macroeconomic and financial resilience and stability in the ASEAN+3 region.
Hong Kong’s economy has been rebounding strongly due to the progress in COVID-19 vaccinations, and recovering domestic and external demand, but targeted policy support to hard-hit sectors and supportive credit conditions remain important to safeguard the recovery.
China’s Evergrande Group missed three bond interest payments in September and October 2021, but has been able to make payment on its obligations just before the end of their respective one-month grace periods.
Continue ReadingEvergrande and China’s Real Estate Sector: Potential Spillovers and Contagion
China’s housing market is booming again. Not only has the market emerged in 2020 from the COVID-19 pandemic largely unscathed, but it has also started to show overheating signs in several cities this year.