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  • August 27, 2014
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  1. 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

    ... aided by the premier and vice-premiers. No party official has previously been seen in the task force. Jianguan Shen, chief economist of Mizuho Securities Asia Limited in Hong Kong, said ... and Securities Institute, said Liu's inclusion suggested the need for more cooperation and coordination in economic management among departments. Ma Guoxian, a political economist with the Shanghai ...

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

    Changing tides could shift focus from China to Africa

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

    ... said, investing in education was critical. Further, the economy needed to create enough jobs to absorb the growing population, or there could be potential social risks. Drummond outlined ...

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

    Would you like a rise with that? How Hong Kong fares on the Big Mac Index

    Posted Aug 05th 2014, 10:50pm by PHILA

    ... Hung, an assistant professor of social work at Chinese University, supports raising the minimum wage level to HK$35. In 2005, he released a report on the basic cost of living in the city, in collaboration with the Hong Kong Council of Social Service. He found in the study that a three-member family had to make HK$9,004 a month to meet basic needs. He then took into account inflation over ...

    http://www.scmp.com/news/hong-kong/article/1567209/would-you-rise-how-hong-kong-fares-big-mac-index
  4. Business - Economy - ECONOMY

    BOJ upbeat on outlook, despite weakness in exports and output

    Posted Aug 08th 2014, 04:21pm by Reuters

    ... will accelerate again due to strong domestic demand," said Shuji Tonouchi, senior fixed-income strategist at Mitsubishi UFJ Morgan Stanley Securities. "However, risks from overseas have risen ...

    http://www.scmp.com/business/economy/article/1569230/boj-upbeat-outlook-despite-weakness-exports-and-output
  5. Business - Economy - ECONOMY

    Beijing's economic growth targets are too high, IMF says

    Posted Jul 31st 2014, 11:26am by Victoria Ruan

    ... creating a level playing field for the private and public sectors and revamping the fiscal and social security systems. Growth is forecast to gradually ease to 6.3 per cent by 2019, the bank said. ...

    http://www.scmp.com/business/economy/article/1563293/imf-recommends-lower-2015-gdp-growth-target-china
  6. Business - Economy - ECONOMY

    Yuan convertibility on back burner as Beijing focuses on other reforms

    Posted Aug 07th 2014, 11:58am by Reuters

    ... Yongding, an influential economist at the Chinese Academy of Social Sciences, who thinks the timetable for convertibility has been quietly pushed back. "Once China abolishes capital controls, ...

    http://www.scmp.com/business/banking-finance/article/1568188/yuan-convertibility-back-burner-beijing-focuses-other
  7. Business - Economy - ECONOMY

    African lions hope to emulate economies of Asian tigers

    Posted Aug 05th 2014, 03:26am by Bloomberg

    ... security forces for the past five years to impose Islamic law. Conflicts have also been raging in South Sudan, the Central African Republic and Somalia, while an al-Qaeda-linked militant group, ... secured 5.7 per cent of global foreign direct investment projects last year, up from 3.6 per cent a decade earlier, accounting firm EY said in its 2014 Africa Attractiveness Survey, released ...

    http://www.scmp.com/business/economy/article/1566550/african-lions-hope-emulate-economies-asian-tigers
  8. News - Hong Kong - ECONOMY

    We're not cutting expenses, says finance chief John Tsang

    Posted Aug 04th 2014, 04:54am by Tony Cheung

    ... It is understood that for the departments that spend the most on personnel and subsidies- such as the education and social welfare departments- there will be room for further discussion on how they can ...

    http://www.scmp.com/news/hong-kong/article/1565684/were-not-cutting-expenses-says-finance-chief-john-tsang
  9. News - Hong Kong - ECONOMY

    Slide in Hong Kong’s retail sales continues in June with 6.9pc drop

    Posted Jul 31st 2014, 11:36pm by Amy Nip

    ... that former security chief Zhou Yongkang was under investigation for corruption. Condon said the slide would not go on indefinitely, but that the market could not be expected to stabilise before ...

    http://www.scmp.com/news/hong-kong/article/1563784/slide-citys-retail-sales-continued-june-69pc-drop
  10. News - China - ECONOMY

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

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

    ... different countries." There would be plenty of challenges as China was undergoing comprehensive reform. In a bid to stabilise the global oil market, Lew said, China and the US also signed ...

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

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