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  • September 19, 2014
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  1. Guangdong's economy to grow by only 8.5pc

    Posted Feb 14th 2009, 12:00am by Chloe Lai

    ... Chloe Lai in Guangzhou Province sees slowest expansion in 30 years Guangdong's economy is expected to grow by only 8.5 per cent this year, the slowest since the mainland embarked ... 'This will be the toughest year for [Guangdong] since the beginning of the economic reforms, as the global financial crisis has yet to bottom out and the world economy is slowing down ...

  2. More layoffs are foreseen amid signs of slowing economy, finance chief warns

    Posted Sep 29th 2008, 12:00am by Staff Reporter

    ... Ng Kang-chung More layoffs could be forthcoming because the economy is showing signs of slowing, Financial Secretary John Tsang Chun-wah warned yesterday. The warning came two days after ... for Hong Kong and China, Peter Wong Tung-shun, also said he expected layoffs to 'continue to come in the financial sector'. Asked if HSBC's move could start a layoff trend ...

  3. Manufacturing plunges as economy weakens

    Posted Dec 02nd 2008, 12:00am by Denise Tsang

    ... Denise Tsang Mainland PMI drops in November to equal record low 38.8 The nation's manufacturing activity plunged last month as the global economic contraction further weakened its export-led economy. The purchasing managers' index (PMI) shrank for the second consecutive month to 38.8, from 44.6 in October and 51.2 in September, according to data compiled by the China ...

  4. Geely Automobile to shift focus to hi-tech economy models

    Posted May 23rd 2008, 12:00am by Kandy Wong

    ... Kandy Wong Geely Automobile will focus on increasing its economies of scale and selling more expensive hi-tech economy cars to boost profitability and offset rising costs this year. Li ... 'We'll launch three higher-priced new models- Panda, Geely Kingkong and China Dragon- in the second half,' he said after the company's annual general meeting yesterday. The new models ...

  5. Shipping firms hit by lack of tax deals

    Posted Jul 09th 2010, 12:00am by Keith Wallis

    ... or reciprocal tax exemption agreements. The lack of tax pacts is believed to have been a reason why the John Swire & Sons shipping company, China Navigation, did not centralise all its operations in Hong Kong. China Navigation, which had its domicile in London, had been based in Hong Kong for 138 years before it moved to Singapore in December as part of a restructuring of its operations ...

  6. Tricky business for China and Australia

    Posted Dec 24th 2004, 12:00am by Greg Barns

    ... is expanding more rapidly than with any other major trading partner. But to enter a free-trade deal, the government will first have to accord China 'market economy' status. This will mean ... imposed. Two of Australia's leading lobbies representing industry and workers are arguing that China should not have 'market economy' status at this point because it is still making ...

  7. China, US edge towards closer co-operation

    Posted May 26th 2010, 12:00am by Cary Huang

    ... Cary Huang in Beijing China and the United States have made a commitment to closer co-operation on all major issues and signalled progress in their pivotal relationship during high-level talks. But the annual most important meetings between the world's No1 and No3 economies ended yesterday without any major breakthrough as differences remained. 'The dialogue has been ...

  8. China Telecom expects earnings rebound

    Posted Mar 23rd 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih China Telecom, the country's largest fixed-line carrier but the smallest of the three mobile operators, expects earnings to rebound this year after suffering a 34 per ... for the recovery of the Chinese economy is getting consolidated. 'However, we are also facing the serious challenges from intensifying competition in the telecommunications industry.' Daiwa ...

  9. China overtakes US as largest vehicle market

    Posted Jan 12th 2010, 12:00am by Kandy Wong

    ... Kandy Wong China surpassed the United States as the world's largest vehicle market last year, with overall sales surging 46.2 per cent, partly as a result of Beijing's supportive measures. Figures from the China Association of Automobile Manufacturers showed the nation sold 13.6 million vehicles, including cars, trucks and buses. That compares with total sales in the US ...

  10. All eyes on new captain of China Eastern Airlines

    Posted Mar 02nd 2009, 12:00am by Charlotte So

    ... But the appointment of former China Southern Airlines chief Liu Shaoyong as chairman of China Eastern Airlines Corp in December attracted unprecedented media interest on the mainland and in Hong Kong. There are big expectations of the youngest chairman at China's Big Three airlines- the others being Air China and China Southern Airlines. Millions of people are waiting to see if the 51-year-old ...




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