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  1. Sick twins of the world economy

    Posted Nov 29th 2004, 12:00am by Tom Plate

    ... Tom Plate Two major problems with the world economy now are Japan and the United States. By most accounting methods, they are the world's two largest economies. They are in some ... in the last quarter. Exports were doing well and now look to be falling. For Japan, export sales are the economy's lifeblood. Six years ago, the world economy endured the Japanese recession ...

  2. Boomtown?

    Posted Mar 13th 2004, 12:00am by Mutsuko Murakami

    ... Mutsuko Murakami Japan's fourth-largest city, Nagoya, has a population of more than 2 million- and a reputation problem. Sure, it's a bustling hub on the south-central coast ... million visitors. It will be the first such expo of this kind and size since the l970 Osaka World Fair, which had a tremendous impact on the economy and national ego. Expectations are mounting ...

  3. S Koreans told: high pay hitting economy

    Posted May 04th 2004, 12:00am by Staff Reporter

    ... monthly salary in South Korea remains lower than in many other developed nations, including the US and Japan, the rate of increase has been faster. During the past three years, wages increased by 22.4 per cent, compared with an 8 per cent rise in the US, 2.9 per cent in Hong Kong and 3.9 per cent in Singapore. In Japan, wages fell 9 per cent with an 8.8 per cent drop in Taiwan. Park ...

  4. Three urban areas to dominate economy

    Posted Mar 03rd 2004, 12:00am by Staff Reporter

    ... in the US make up 67 per cent of that country's GDP. Japan has a similar breakdown for its largest cities. Mr Niu said that even Shanghai, considered a powerhouse in the mainland economy ... River Delta, the Pearl River Delta and Beijing-Tianjin Bohai Bay- account for 37 per cent of GDP. The Yangtze River Delta, the top economic engine, makes up 18 per cent of the economy, the Pearl ...

  5. Disease will not hurt economy, report says

    Posted Feb 05th 2004, 12:00am by Enoch Yiu

    ... Enoch Yiu Bird flu may cost the lives of millions of chickens but it will not do much harm to the economies of the countries affected by it, the Economist Corporate Network (ECN) says. Financial Secretary Henry Tang Ying-yen said in Legco yesterday that the bird flu outbreak spreading in Asia and the mainland would have little impact on Hong Kong's economy. He said Hong Kong ...

  6. Economy surges 6.8pc on return of confidence

    Posted May 29th 2004, 12:00am by Kelvin Chan

    ... Cheung Chi-fai and Kelvin Chan Consumer spending fuels GDP growth, and forecasts remain optimistic Hong Kong's economy grew at a better-than-expected 6.8 per cent in the first ... prices, overheating in the mainland economy and possible interest rate increases. The strong first-quarter growth was partly driven by a 5 per cent rise in private spending- a 42-month-high- ...

  7. US economy's fate may rest with Asia

    Posted Jan 09th 2004, 12:00am by Peter Kammerer

    ... Peter Kammerer Foreign Editor A currency crisis could result if the region stops buying the dollar The fate of the US economy could rest in Asia's hands, regional economists suggested yesterday. While Asian central banks buy US dollars to stop linked currencies from rising in value, US debt repayments will be adequately serviced, they said. But problems could arise if China, Japan ...

  8. Asian economies wrestle imported inflation

    Posted Mar 26th 2004, 12:00am by Jake Van Der Kamp

    ... levels against the US dollar as rising prices for imported goods will clobber their economies. We ran that message yesterday in a big feature piece directly under this column- 'Currency ... but the first chart shows you my estimate of weighted import price inflation across the region outside of Japan, and the figures cannot be far out. The effect of the currency collapses in 1997 and 1998 ...

  9. Seoul snubs calls for tax cuts to revive flagging economy

    Posted Aug 11th 2004, 12:00am by Staff Reporter

    ... Khang Hyun-sung in Seoul The government has rejected opposition calls for major tax cuts as politicians debate how to stem an alarming slide in the economy. The Grand National Party (GNP) ... economic fillip. The Uri party, which backs President Roh Moo-hyun and has the majority in parliament, is demanding higher government spending to prop up the economy. It wants the extra money spent ...

  10. China's slowdown 'will affect the global economy'

    Posted May 07th 2004, 12:00am by Christine Chan

    ... of the cooling economy. Mainland imports grew by 40 per cent last year, fed by a 32 per cent rise in imports from Japan, a 36 per cent rise in imports from South Korea and an astonishing 68 per cent rise ... a slowing mainland economy even if the government is able to engineer a soft landing in the coming year, according to reports by Morgan Stanley. 'As China's industrial growth engine is now ...




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