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  • August 28, 2014
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  1. News - China - ECONOMY

    Cut taxes to boost the economy, urges China's second richest man Zong Qinghou

    Posted Aug 25th 2014, 03:35pm by Kathy Gao

    ... Zong said. "For instance, we need to further develop things such as education, health care, culture and protection of the environment." He warned that continued heavy taxation could ... financial news site quoted Zong telling a group of economists and entrepreneurs at the Yabuli China Entrepreneurs Summer Summit in Zhengzhou, Henan province, on Saturday. He suggested ...

    http://www.scmp.com/news/china/article/1580537/chinas-second-richest-man-zong-qinghou-tells-government-tax-cuts-will
  2. News - China - ECONOMY

    Shanghai booster Fang Xinghai lands Beijing financial advisory role

    Posted Jun 18th 2013, 12:00am by George Chen

    ... to develop the city into the world's leading financial centre by 2020 has been promoted to an elite economic team that may help the city speed up its market reforms as it prepares to take ... development better at the national level", and Xi quickly forwarded it to the central group in charge of financial and economic affairs. Fang and Xi briefly worked together in Shanghai when Xi ...

    http://www.scmp.com/news/china/article/1263221/shanghai-booster-fang-xinghai-lands-beijing-financial-advisory-role
  3. Business - Economy - ECONOMY

    IMF forecasts strengthening economic growth in second half

    Posted Jul 07th 2014, 05:26am by Reuters

    ... Reuters in Aix-en-Provence IMF chief predicts stronger global growth this half Global economic activity should strengthen in the second half of this year and accelerate in 2015 although momentum could be weaker than expected, International Monetary Fund managing director Christine Lagarde said yesterday, adding that the IMF did not expect a sharp slowdown in China. Lagarde said ...

    http://www.scmp.com/business/economy/article/1548294/imf-forecasts-strengthening-economic-growth-second-half
  4. News - China - ECONOMY

    Guangdong talks up role in ‘maritime Silk Road’ to boost trade with Asean

    Posted Aug 28th 2014, 04:45am by Andrea Chen

    ... dismissed concerns that recent territorial disputes in the South China Sea between China and other Southeast Asian countries might hinder developing closer trade ties. "I believe trade ... Andrea Chen andrea.chen@scmp.com Companies encouraged to set up production bases, marketing networks in region Guangdong aims to lift Asean trade cooperation Guangdong is seeking to expand ...

    http://www.scmp.com/news/china/article/1581360/guangdong-talks-role-maritime-silk-road-boost-trade-asean
  5. News - China - ECONOMY

    Top Communist Party official's inclusion on task force reflects China's economic concerns

    Posted Aug 21st 2014, 05:02am by Cary Huang

    ... that China's growth has slowed. China's economy grew 7.4 per cent year on year in the first half of 2014, one of the more sluggish periods compared to the two-digit growth of the past 30 years. ... Cary Huang cary.huang@scmp.com Top party official's new appointment suggests Xi is prioritising reform and development Liu's inclusion on task force reflects economic concerns ...

    http://www.scmp.com/news/china/article/1577934/top-communist-party-officials-inclusion-task-force-reflects-chinas
  6. Business - Economy - ECONOMY

    Changing tides could shift focus from China to Africa

    Posted Aug 25th 2014, 03:33am by JUNE SUN

    ... demographic tides could stymie the dawning of the much-heralded Chinese century and see development surge in Sub-Saharan Africa, two recent studies show. China was facing the challenges of an ageing ... that the African countries are ready to seize this opportunity," he said. China also needed to deal with its own demographic issues, the HSBC report said. Unlike developed economies, China had had ...

    http://www.scmp.com/business/economy/article/1580413/changing-tides-could-shift-focus-china-africa
  7. News - Hong Kong - ECONOMY

    Beijing to consult Hong Kong on its 13th five-year plan

    Posted Aug 20th 2014, 04:14am by Denise Tsang

    ... into the nation's economic development plan in the five years to 2020. The nation's planning agency, the National Development and Reform Commission, would meet the Hong Kong government on cross-border ... Kong's economic development in the national context after the mainland's 12th five-year plan, which is due to be completed next year. "The State Council has agreed that the commission ...

    http://www.scmp.com/news/hong-kong/article/1577268/beijing-consult-hong-kong-its-13th-five-year-plan
  8. News - China - ECONOMY

    Targeted measures to spur growth

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

    ... to spur growth China will use targeted measures to achieve reasonable growth, the ruling Politburo has said. The government will maintain its monetary policy for the rest of the year, state ... the Central Committee's fourth plenary session in October, and that the session would focus on discussing China's efforts in promoting the rule of law, CCTV reported. The 25-member Politburo ...

    http://www.scmp.com/news/china/article/1562186/targeted-measures-spur-growth
  9. News - Hong Kong - ECONOMY

    Forecasts for Hong Kong growth downbeat

    Posted Aug 19th 2014, 04:18am by Arthur Chan

    ... Analysts are taking a less-optimistic view of Hong Kong's economic prospects in the second half of this year after the government lowered its forecasts. A disappointing second quarter, from ... said this range was too wide. "[Second-half] economic growth in Hong Kong will at most be 2 per cent, and the annual growth rate will be much lower than 3 per cent," he said. ...

    http://www.scmp.com/news/hong-kong/article/1576268/forecasts-hong-kong-growth-downbeat
  10. Business - Economy - ECONOMY

    China’s July official services PMI dips to six-month low

    Posted Aug 03rd 2014, 02:23pm by Reuters

    ... in at least 12 months. Cai Jin, vice-president of the China Federation of Logistics & Purchasing, which publishes the services PMI in conjunction with the mainland government, advised investors ... of the economy this year. To limit the drag from a cooling housing sector on the overall economy, nearly half of the regional governments have started relaxing curbs on home purchases this year, ...

    http://www.scmp.com/business/economy/article/1565516/chinas-july-official-services-pmi-dips-six-month-low

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