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Local currency bond markets in emerging East Asia expanded 16.5% in 2009, with $4.4 trillion in paper outstanding at the end of December, and should continue to grow in 2010, according to the Asian Development Bank's (ADB) quarterly Asia Bond Monitor.
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The Conference Board Leading Economic Index® (LEI) for Korea increased 0.3 percent and The Conference Board Coincident Economic Index® (CEI) for Korea declined 0.4 percent in January.
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In the first two months, the total investment in real estate development amounted to 314.4 billion yuan, up by 31.1 percent year-on-year, and went up by 30.1 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 223.3 billion yuan, 32.8 percent of increase year-on-year, picking up 32.0 percentage points over same period of previous year, which occupied 71.0 percent of the investment in real estate development.
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In the first two months of this year, the total value added of the industrial enterprises above designated size was up 20.7 percent year-on-year, it was 16.9 percentage points higher than that a year ago, or 2.2 percentage point higher than that in December 2009.
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The Conference Board Leading Economic Index® (LEI) for Japan increased 1.8 percent and The Conference Board Coincident Economic Index® (CEI) increased 1.1 percent in January.
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Building on improved prospects for the global economy, most Pacific island economies are expected to perform slightly better in 2010 than in 2009, according to a new Asian Development Bank (ADB) publication.
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In 2009, the gross domestic product (GDP) of the year was 33,535.3 billion yuan, up by 8.7 percent over the previous year.
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The Conference Board Leading Economic Index™ (LEI) for Korea increased 2.1 percent and The Conference Board Coincident Economic Index™ (CEI) for Korea increased 0.5 percent in December.
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The Conference Board Leading Economic Index™ (LEI) for Japan increased 1.3 percent. The Conference Board Coincident Economic Index™ (CEI) increased 0.5 percent in December.
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With the help of massive government stimulus action, China is now leading the world economy out of recession, according to a new OECD report. Already the world’s second largest economy, China could well overtake the United States to become the leading producer of manufactured goods in the next five to seven years, it says.
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