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  • July 14, 2014
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  1. News - Hong Kong - ECONOMY

    Political tensions could undermine Hong Kong as China's top financial centre: Joseph Yam

    Posted Jun 23rd 2014, 11:36pm by Cannix Yau and Enoch Yiu

    ... Cannix Yau and Enoch Yiu Amid tensions over electoral reform, former Monetary Authority chief warns of threat to Hong Kong as China's top financial centre Political uncertainty 'could undermine city' Hong Kong's former central banker Joseph Yam Chi-kwong has warned that the city could lose its status as China's top financial centre if political ...

    http://www.scmp.com/news/hong-kong/article/1539240/political-tensions-could-undermine-hong-kong-top-financial-centre
  2. News - Hong Kong - ECONOMY

    Hong Kong's economy does not rely on mainland tourists, says financial secretary

    Posted Jun 16th 2014, 04:53am by Ernest Kao

    ... The financial secretary brushed off as "exaggerated" and "inconsistent with the facts" suggestions the economy has become too reliant on mainland visitors. John Tsang Chun-wah, ... that the number of mainland visitors needed to be cut by at least half. "There is an obvious problem and the financial chief is in denial. He is playing ostrich," Mo, of concern group Hong Kong ...

    http://www.scmp.com/news/hong-kong/article/1533469/mainland-chinese-visitor-claim-exaggerated-says-john-tsang
  3. News - Hong Kong - ECONOMY

    Financial secretary John Tsang dismisses Li Ka-shing's warning that Hong Kong is losing its edge

    Posted Mar 02nd 2014, 05:33am by Ada Lee

    ... Ada Lee ada.lee@scmp.com Financial secretary dismisses Li Ka-shing's warning city risks losing its edge. Li, meanwhile, says 'incapable people' jibe not aimed at CY Leung We can still compete, says Tsang Financial Secretary John Tsang Chun-wah dismissed remarks by tycoon Li Ka-shing that the city's competitiveness is slipping, saying it is trying to develop ...

    http://www.scmp.com/news/hong-kong/article/1438245/financial-chief-john-tsang-hits-back-li-ka-shing-competitiveness
  4. News - Hong Kong - ECONOMY

    Jobless rate could rise if retail sales keep declining, financial secretary warns

    Posted Jun 09th 2014, 03:03am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Poor April figures and troubling external business factors worry financial secretary Fall in retail sales could cost jobs, Tsang says Hong Kong's unemployment rate of 3.1 per cent may go up if retail sales continue to shrink and the external business environment does not improve, Financial Secretary John Tsang Chun-wah warned yesterday. He ...

    http://www.scmp.com/news/hong-kong/article/1528229/jobless-rate-could-rise-if-retail-sales-keep-declining-financial
  5. News - China - ECONOMY

    US Treasury secretary leaves talks with China pledge to reduce currency intervention

    Posted Jul 11th 2014, 04:36am by Victoria Ruan

    ... than 2 per cent in the first half. Beijing also committed to further opening up the services sector to foreign investment, including the financial, and speed up the revision of its guidelines ...

    http://www.scmp.com/news/china/article/1551487/us-treasury-secretary-leaves-talks-china-pledge-reduce-currency
  6. Business - Economy - ECONOMY

    Mainland China growth rates don't add up

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

    ... techniques, Wu built weighted indices as "anchors" to track the price of goods and services and their inputs and outputs, and he adjusted his weightings every five years. "The residual ... smaller than the rebased NBS numbers. Wu's data shows especial divergence from official statistics during global downturns. In 1998, a year after the Asian financial crisis erupted, Wu said ...

    http://www.scmp.com/business/economy/article/1553600/mainland-china-growth-rates-dont-add
  7. News - Hong Kong - ECONOMY

    Financial Secretary John Tsang warns that city needs to raise more revenue

    Posted Dec 30th 2013, 04:57am by FANNY FUNG

    ... Fanny W. Y. Fung fanny.fung@scmp.com Tsang says taxes must rise to cover costs of ageing Financial Secretary John Tsang Chun-wah issued a stern warning that revenue from taxes must rise ... the introduction of a goods and services tax (GST)- a proposal the government later put forward for public consultation, but shelved following strong public opposition. Despite the fact yesterday's ...

    http://www.scmp.com/news/hong-kong/article/1392685/financial-secretary-john-tsang-warns-city-needs-raise-more-revenue
  8. Business - Economy - ECONOMY

    Weaker June inflation data may prompt more stimulus from Beijing

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

    ... or a nation-wide reduction in bank reserves. Policymakers are reluctant to announce a massive stimulus programme like the one adopted during the 2008-09 global financial crisis, which fuelled inflation. ...

    http://www.scmp.com/business/economy/article/1550172/china-inflation-slows-23pc
  9. Business - Economy - ECONOMY

    China’s services sector grows apace, mirroring rebound in manufacturing

    Posted Jun 03rd 2014, 10:16am by Reuters

    ... Reuters in Beijing Official non-manufacturing PMI at six-month high of 55.5, raising hopes economy is steadying Mainland services sector on rebound China's services sector grew at its ... compared with April's 61.5. The pick-up in the services PMI echoes a rebound in the factory sector, which turned in its best performance in four months last month as export orders improved, ...

    http://www.scmp.com/business/economy/article/1524331/chinas-services-sector-grows-apace-mirroring-rebound-manufacturing
  10. Business - Economy - ECONOMY

    Data gives mixed picture of China's economy

    Posted Jun 24th 2014, 05:58am by Victoria Ruan

    ... boosting the role of consumption through faster development of the services sector while trimming reliance on investment and exports amid concerns about financial risks and soaring labour costs. ... in other economic sectors such as real estate and services, with capital spending showing weakness and fewer companies applying for credit. The mixed picture indicates that the economy may ...

    http://www.scmp.com/business/economy/article/1539228/data-gives-mixed-picture-chinas-economy

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