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  • July 31, 2014
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  1. News - China - ECONOMY

    Parallel traders shrug off 15-day border crackdown

    Posted May 30th 2014, 03:57am by He Huifeng

    ... in her 30s. "Business is quite good. I often have no time even to go to the toilet." Traders typically mark up their goods 10-20 per cent higher than pharmacies in Hong Kong, ... with goods. Now the authorities are fighting back with a 15-day campaign that started on Tuesday to crack down on the illegal trade. The traders say the move is futile- they vastly outnumber officials ...

  2. News - Hong Kong - ECONOMY

    Year-on-year inflation in Hong Kong slowed slightly in June, government reports

    Posted Jul 21st 2014, 06:10pm by Phila Siu

    ... Phila Siu phila.siu@scmp.com Overall consumer prices rose 3.6 per cent year-on-year in June, having risen 3.7 per cent in May Year-on-year inflation in Hong Kong slowed slightly last month, government figures released on Monday showed, down to 3.6 per cent. Overall consumer prices rose 3.6 per cent this June from the same month last year, having risen 3.7 per cent ...

  3. Business - Economy - ECONOMY

    Japan economy expands 1.6 per cent in 2013, but growth slows in last quarter

    Posted Feb 17th 2014, 02:00pm by AFP

    ... blitz drove the expansion, but weak second-half data and a sales tax rise scheduled for April are expected to dampen hopes for a firm recovery. The 1.6 per cent expansion last year marked ... 2012, the yen lost about a quarter of its value against the US dollar, giving a boost to Japanese exporters, while the Nikkei-225 Index soared 57 per cent last year to post its best performance ...

  4. News - Hong Kong - ECONOMY

    Hong Kong’s economic growth in first quarter slowest since 2012

    Posted May 16th 2014, 06:35pm by Amy Nip

    ... of bad weather. Exports of goods to the United States, which was troubled by snowstorms, fell 2 per cent in the first two months. But they bounced back to 15.8 per cent growth in March. Chan ... Amy Nip amy.nip@scmp.com Snowstorms in US caused drop in exports in first two months of the year Growth slows to 2.5pc but likely to pick up Economic growth slowed to 2.5 per cent ...

  5. News - China - ECONOMY

    Targeted measures to spur growth

    Posted Jul 30th 2014, 05:21am by Cary Huang

    ... growth, otherwise we will not be able to solve many problems," the Politburo said. China's economic growth has picked up slightly at 7.5 per cent, after it dipped to an 18-month low of 7.4 per cent in the first quarter of the year. Policymakers and economists are debating whether the government should act swiftly to safeguard its 7.5 per cent target for gross domestic ...

  6. Business - Economy - ECONOMY

    Mainland China growth rates don't add up

    Posted Jul 14th 2014, 03:09am by Benjamin Robertson

    ... estimate this will boost nominal GDP by 1.5 to 2 per cent and real GDP by 0.1 per cent, once inflation is taken into account. Even after taking into account Wu's research, China is still ... How big is China's economy? Well, partly it depends on which economist you ask. About 36 per cent smaller than official government figures would have people believe, calculated economics ...

  7. Business - Economy - ECONOMY

    Japan's industrial output rises in May, signalling rebound after tax hike

    Posted Jul 01st 2014, 04:05am by Reuters

    ... to fall 0.7 per cent last month but grow 1.5 per cent this month, the data showed. Market reaction was muted. "Output is recovering. But it is still in the stage of adjustments given falling ... of a national sales tax rise, underscoring views the economy will absorb the increase largely unscathed. The 0.5 per cent month-on-month rise compared with the median estimate of a 0.9 per cent increase ...

  8. News - Hong Kong - ECONOMY

    Bumper year in 2012-13 as tax revenue hits record HK$242b

    Posted May 03rd 2013, 12:00am by Dennis Chong

    ... Property tax rose 16 per cent to HK$2.3 billion- another record. Chu expected tax revenue to increase further in the current financial year despite a drop in stamp duty as a result of the government's attempts to cool the overheated property market. In 2010 the government imposed an additional special stamp duty of 15 per cent on homes sold within six months of purchase; 10 per cent ...

  9. Business - Economy - ECONOMY

    Weaker June inflation data may prompt more stimulus from Beijing

    Posted Jul 09th 2014, 10:45am by Reuters

    ... to shore up growth. The consumer price index (CPI) rose 2.3 per cent in June from a year earlier, down from 2.5 per cent in May, the National Bureau of Statistics said yesterday. The producer price index (PPI) dropped 1.1 per cent in its 28th straight month of decline, versus a market consensus for a fall of 1 per cent, signalling that demand in the domestic economy remained lukewarm. ...

  10. News - Hong Kong - ECONOMY

    Logistics firms eye artificial island at HK-Zhuhai-Macau bridge

    Posted Jul 15th 2014, 04:29am by FANNY FUNG

    ... in the next 15 years, the trade groups said. Separately, the Development Bureau is waiting to start its planning, engineering and architectural study of the island, originally slated for next month ...




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