China

No new prime office building were built in Tianjin in 2Q12 with developers adopting a wait-and-see stance.

Both new orders and new export orders slowed further to 49 and 46.5 respectively due to still sluggish demand and seasonal effect, says OCBC.

Laxer restrictions will now allow insurers to invest in more complex assets, which the ratings agency believes should be balanced with stronger risk guards.

The IMF lowered its forecast for China’s medium term current account surplus as percentage of GDP.

Thanks to increased investment that will lead to heightened production and growth rebound in third quarter.

The fixing is likely to be higher further as the USD strengthened further overnight.

China's PMI is pegged at 51.2 at start of Q3, said HSBC.

But China's agricultural independence may be enough to cushion price shocks.

The stabilization of China’s FX reserve suggests less intervention from the central bank, says Yi Gang.

The 2.2% inflation helped offer bigger room for central bank actions.

This after central government gave the green light for certain investment projects, says OCBC Investment Research.

China’s efforts to address the problem, however, were recognized by US Treasury undersecretary Lael Brainard.

Almost 36% of cities recorded positive month-on-month price changes of not more than 0.6%.

According to Nomura, job vacancies to applicants ratio fell to 1.05 in Q2 from 1.08 in Q1, but remained above the breakeven point of 1.0 for the seventh consecutive quarter.

Renewed reliance on investment to support activity threatens to prolong the Chinese economy's structural imbalances.

Construction was previously dominated by the Ministry of Railway.