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  • September 18, 2014
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  1. Bank slashes growth forecasts

    Posted Sep 06th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com Investment bank China International Capital Corp (CICC) has cut its forecast for the mainland's economic growth next year from 8.7 per cent ... from 10.3 per cent for the whole of 2010 as Beijing tightened lending and introduced measures to cool the overheated property market. CICC left its forecast for the mainland's 2011 growth ...

  2. Falling FDI piles on pressure for monetary easing

    Posted Mar 16th 2012, 12:00am

    ... such as BBVA, China International Capital Corp (CICC) and Nomura have said interest rates may need to be cut to spur domestic demand along with three to four rounds of reductions in the reserve ... term,' CICC chief economist Peng Wensheng said. 'The central bank may cut the benchmark interest rate directly to stimulate demand if it finds weakening credit demand to become an obstacle ...

  3. 'Stimulus needed' for euro woes

    Posted May 24th 2012, 12:00am

    ... May Chan and Sophie Yu China may need a 600 billion yuan (HK$738 billion) stimulus package to shield the economy from any fallout caused by a possible Greek exit from the euro zone, according to China International Capital Corporation (CICC), a state-owned investment bank. Peng Wensheng, CICC's chief economist, said in a research note yesterday that a package would ...



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