The scale of the problem calls for a closer look at Ground Zero –the Hubei province. At $595 billion, the province made up about 4 percent of China’s GDP in 2018. Note that the Hubei province is an important center for industries such as metallurgy, automobiles, chemicals and optical electronics. The city of Wuhan constitutes about 1 percent of China’s global trade dynamics – both exports and imports. Historically, known a major automobile and logistic centre, in last few years the city is also fastly emerging as a hi-tech hub for the optics industry. … [Read more...] about The Corona virus scare: What’s in it for investors?
World tourism day
With regards to real estate sector, he said, “The sector faces two issues. The first is stuck projects. There are so many projects spread all over the country, particularly in the big cities like Mumbai, Delhi, Bangalore, Chennai, Pune, which are 75-80 percent completed, and not getting the last mile funding that is required to complete the project. We have to find a mechanism to ensure that these projects get the required funding so that these projects get completed and all the home buyers who bought apartments in these projects get a house to stay in. The second issue is with regards to oversupply in the market and therefore how do we revive demand.” … [Read more...] about Budget 2020: Focus should be on job creation and capital market reforms, says HDFC’s Keki Mistry