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  1. Business - Companies - MONITOR

    Nothing uniquely Chinese about Glaxo bribery case

    Posted Aug 01st 2013, 12:00am by Tom Holland

    ... bribery case The media have been in a frenzy for the last few weeks over the detention of four GlaxoSmithKline employees in China. Allegedly the four had channelled billions of yuan through a travel agency in order to bribe doctors to prescribe the British pharmaceutical company's drugs. Reports have variously described the case as an attack on foreign companies by protectionist ...

    http://www.scmp.com/business/companies/article/1293460/nothing-uniquely-chinese-about-glaxo-bribery-case
  2. Business - Comment - MONITOR

    Fiscal report based on lunatic projection of capital spending

    Posted Mar 04th 2014, 05:09am by Tom Holland

    ... of rising health and welfare spending with declining revenue growth will push the government's finances into a structural deficit within the next 15 years. Under the committee's base case ... non-traded prices in the sector sharply higher. If it didn't build so much, costs wouldn't rise so quickly. In any case, even keeping capital spending constant in real terms would be crazy. ...

    http://www.scmp.com/business/article/1439605/fiscal-report-based-lunatic-projection-capital-spending
  3. Business - Comment - MONITOR

    Who's more damaging, Hong Kong officials or Occupy Central?

    Posted Feb 25th 2014, 12:32am by Tom Holland

    ... to Hong Kong's economy. In any case, considering that Hong Kong isn't exactly short of shopping centres and that Occupy couldn't hope to obstruct access to more than a handful even ...

    http://www.scmp.com/business/article/1434352/whos-more-damaging-hong-kong-officials-or-occupy-central
  4. Business - Comment - MONITOR

    Fears over a 'tail risk' hard landing in China are growing

    Posted Feb 20th 2014, 01:10am by Tom Holland

    ... Kong's offshore market. A hard landing, believe Morgan Stanley's analysts, could see the Chinese currency fall by 16 per cent against the US dollar in the offshore market, in which case ...

    http://www.scmp.com/business/article/1431315/fears-over-tail-risk-hard-landing-china-are-growing
  5. Business - Comment - MONITOR

    Neither Singapore nor Hong Kong is an Iceland waiting to happen

    Posted Feb 14th 2014, 12:42am by Tom Holland

    ... on the mainland, and that in case of a default local banks may find it impossible ever to recover their collateral. For all that, however, Hong Kong is not another Iceland. Consumer leverage is relatively ...

    http://www.scmp.com/business/article/1427348/neither-singapore-nor-hong-kong-iceland-waiting-happen
  6. Business - Banking & Finance - MONITOR

    The encouraging signs behind China's record funding figures

    Posted Feb 17th 2014, 04:47am by Tom Holland

    ... accelerated in January. But lending always picks up in January, and this year activity may have been front-loaded ahead of the earlier Lunar New Year holiday. In any case, although the absolute number ...

    http://www.scmp.com/business/banking-finance/article/1429144/encouraging-signs-behind-chinas-record-funding-figures
  7. Business - Comment - MONITOR

    Even Hong Kong's best efforts may not help to clear our air

    Posted Feb 12th 2014, 12:46am by Tom Holland

    ... little difference. In fact, in the case of electric vehicles, generous subsidies could actually make the pollution worse. The problem is the mainland's main source of energy is coal- ...

    http://www.scmp.com/business/article/1426234/even-hong-kongs-best-efforts-may-not-help-clear-our-air
  8. Business - Comment - MONITOR

    Claims for economic freedom index simply don't stand up

    Posted Jan 15th 2014, 01:30am by Tom Holland

    ... entitled "The moral case for economic liberty", extolling the merits of free markets and lambasting 19th century British philosopher John Stuart Mill, author of the seminal work ... year confirm it." In that case, you might expect that after 20 years as the freest economy in the world, Hong Kong would by now be far and away the richest. You might think that after 20 ...

    http://www.scmp.com/business/article/1405726/claims-economic-freedom-index-simply-dont-stand
  9. Business - Money - MONITOR

    No need to panic over slide in stock markets

    Posted Feb 05th 2014, 05:37am by Tom Holland

    ... of emerging markets in expectation of tougher times. This one is troublesome too. Investors have been anticipating tapering for almost nine months now. In any case, tapering does not mean ...

    http://www.scmp.com/business/money/markets-investing/article/1420956/no-need-panic-over-slide-stock-markets
  10. Business - Comment - MONITOR

    Chinese investors should avoid Britain's rotten egg rail project

    Posted Jan 13th 2014, 12:55am by Tom Holland

    ... your tablet. In any case, if it was lost productivity the government was concerned about, then instead of sinking tens of billions of pounds on a new line to knock 23 minutes off the best time ...

    http://www.scmp.com/business/article/1404111/chinese-investors-should-avoid-britains-rotten-egg-rail-project

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