Sun, 06 Dec 2020

Xinhua world economic summary at 0900 GMT, Oct. 28

Xinhua
28 Oct 2020, 19:18 GMT+10

NUR-SULTAN -- A total of 50 Kazakh companies will have been trained by the end of this year to get registered and promote their products on Alibaba.com, a B2B platform owned by China's e-commerce giant Alibaba Group, a senior Kazakh trade official has said.

According to Nurlan Kulbatyrov, deputy director general of Kazakhstan's QazTrade Center for trade policy development, the Ministry of Trade and Integration and QazTrade last year launched a new service support tool to bring Kazakh entrepreneurs and exporters to international trading platforms, including Alibaba. (Kazakhstan-China-Alibaba)

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TASHKENT -- Uzbek President Shavkat Mirziyoyev has approved a list of state-owned properties and enterprises to be sold to the private sector to speed up the privatization process, a presidential decree said Wednesday.

The decree, "On the measures to accelerate reforming of state-owned enterprises and privatization of state assets," envisages transformation of 32 large state-owned enterprises and selling 15 state assets to the private sector. (Uzbekistan-Privatization Process)

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KUALA LUMPUR -- Agriculture and food ministers and senior representatives from the Asia-Pacific Economic Cooperation (APEC) member economies have pressed for stronger cooperation and open and predictable trade regimes to ensure global food systems remain accessible, innovative, reliable, resilient, and sustainable against the backdrop of COVID-19 pandemic.

At the virtual Ministerial Policy Dialogue on Food Security on Tuesday, ministers committed to intensifying collaboration in relevant areas, especially food standards and safety assurance, connectivity, productivity, capacity building and reducing barriers to food trade. (Malaysia-APEC-Food Security)

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SYDNEY -- The Australian share market managed to recover from earlier declines and finished higher for the first time in five sessions on Wednesday.

At the market close the benchmark S&P/ASX 200 index was up 6.70 points or 0.11 percent at 6,057.70, while the broader All Ordinaries index was up 15.30 points or 0.25 percent at 6,262.50. (Australia-Stock Market News)

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KUALA LUMPUR -- Malaysia's exports rebounded by a double digit growth of 13.6 percent to 88.93 billion ringgit (21.4 billion U.S. dollars) in September, lifted by higher electrical and electronic (E&E) shipments.

Malaysia International Trade and Industry ministry said in a statement that exports of manufactured goods in September, which made up 87.7 percent of total exports, picked up by 16.3 percent year-on-year to 77.99 billion ringgit. (Malaysia-Export-Rebound)

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