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Asia Week Ahead: Beijing rolls out red carpet for APEC

Thursday, November 06, 2014 - 01:41

China hosts a slew of meetings in Beijing for the Asia-Pacific Economic Cooperation summit while economic data releases give a look at the state of the Asian giant's health. Pamela Ambler reports.

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(SOUNDBITE) (English) REUTERS REPORTER, PAMELA AMBLER, SAYING: "China kicks off hosting APEC meetings in Beijing this weekend." Leaders from 21 nations accounting for over half of the world's economic output will gather at the summit to talk trade and cooperation. Following APEC, some country leaders will be heading to Myanmar for the ASEAN summit, among them, Chinese Premier Li Keqiang and India's Narendra Modi are scheduled to attend. China's trade in particular will be under observation, with fresh data due out over the weekend. The numbers here could color policy making decisions, especially if the economy is seen losing more momentum. Deflationary risks will also be worth tracking with Chinese numbers due out on Monday for both producer prices, which are firmly in decline, and consumer prices, well below the official 3.5 percent target. The other key event to watch out for: earnings from Macau casino Galaxy Entertainment, whose volatile trade underlines the uncertainty over China's economic health. Tuesday gives a check on Japan's economy with consumer confidence numbers due out. This has become increasingly important, as the government tries to convince the public to spend money now instead of hoarding it for a rainy day. Wednesday, Chinese tech giant Tencent reports its earnings. Analysts remain mostly bullish on this outperforming stock, which is up about 25 percent so far this year. On the data front, India releases industrial production figures for September, which was hobbled on last check by weak investment and consumer demand. While Thursday, China follows with its own industrial output numbers, which should hold steady at eight percent, a much faster clip.

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Asia Week Ahead: Beijing rolls out red carpet for APEC

Thursday, November 06, 2014 - 01:41