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  • November 23, 2014
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  1. Business - Economy - CHINA

    Shanghai free-trade zone edges closer

    Posted Jun 07th 2013, 12:00am by Daniel Ren

    ... to launch the mainland's first free-trade zone soon, reinforcing the city's bid to become a global financial centre. The proposals on the free-trade zone were being reviewed ... into an international financial centre. Though Shanghai's ambitions as a financial centre were endorsed by the State Council in 2009, no major liberalisations have been conducted amid a cautious stance ...

  2. Business - Economy - CHINA

    Move over Hong Kong, here comes... Chengdu?

    Posted Sep 18th 2014, 04:21pm by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Chengdu tops bigger cities in jobs, income growth What does the far-inland provincial capital of Chengdu have on cosmopolitan and financial centres ... income. "Just being a key financial centre doesn't mean you're going to rank very high on something like job growth," Minoli Ratnatunga, one of the authors of the report, told ...

  3. Business - Economy - CHINA

    Fujian to spend 326 billion yuan on projects to boost ties with Taiwan

    Posted Jan 31st 2013, 12:00am by Toh Han Shih

    ... financial centre was being built in Xiamen to attract Taiwanese financial companies. About 50 to 60 per cent of the tax paid in Xiamen came from foreign investors, he said. "Taiwan is still ... is not to build projects that are financially sustainable but to get short-term GDP targets. [Mainland] banks lend based not on whether the projects are economically viable, but on the political position ...

  4. News - Hong Kong - CHINA

    Beijing 'will do everything' to maintain Hong Kong's economic might, Li vows

    Posted Mar 13th 2014, 02:37pm by Kwong Man-ki

    ... recalcitrant ally – in maintaining its status as an international financial hub and shipping centre. “[We will] do everything that benefits Hong Kong's prosperity. That’s what we did in the past, ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com As in previous years, Beijing will ensure territory's status as world financial hub, premier says The mainland’s policies on Hong Kong ...

  5. Business - Economy - CHINA

    Beijing urged to cut economic growth targets

    Posted Nov 13th 2014, 02:04pm by Victoria Ruan

    ... cent growth in the first nine months, as housing starts remained slow. Retail sales last month climbed 11.5 per cent, after September's 11.6 per cent. The State Information Centre, a think ... growth, then do it. If not, a speed of about 7 per cent would be good enough." The focus should be shifted to structural adjustment and reform in the financial and fiscal systems as well ...

  6. Business - Economy - CHINA

    Strong policy stimulus for China not needed, says PBOC adviser

    Posted Sep 18th 2014, 11:29am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Economic spurs and significant financial reform will unlikely be seen this year says central bank adviser, amid heated debate in state media PBOC adviser rules out major stimulus A People's Bank of China adviser ruled out major stimulus or significant financial reforms this year amid an unusual public debate between the ruling ...

  7. Business - Economy - CHINA

    China cities infrastructure demand booms

    Posted Nov 05th 2012, 12:00am by JANE CAI

    ... on the mainland is expected to soar in the next few years, despite a flood of investment in new projects as part of the stimulus package following the global financial crisis. The country's urbanisation would demand a "rapidly increasing" number of infrastructure projects in the coming years, said Li Tie, director of the China Centre for Urban Development under the National ...

  8. Lifestyle - Books - CHINA

    Book review: Stumbling Giant, by Timothy Beardson

    Posted Jun 23rd 2013, 12:00am by Mark O'Neill

    ... by a man working at the centre of Asia's economy for the past 30 years. His conclusion is that the mainland will not overtake the United States as the world's super-power during this century. That is the judgment of Timothy Beardson, who founded Crosby Financial Holdings in Hong Kong in 1984. It became the first investment bank to be licensed in China and at its height employed ...

  9. Business - China Business - CHINA

    Big winners tipped amid mainland's urban shift

    Posted Dec 17th 2012, 12:00am by Enoch Yiu

    ... Wah-fung, legislator for financial services in Hong Kong, said urbanisation could mean villages being transformed into urban areas as well as more people moving from the countryside to live ... and retail," he said. Brett McGonegal, chief executive of Reorient Financial Markets, said urbanisation was critical to boosting domestic demand. "As China continues to transition from ...

  10. Business - Economy - CHINA

    Investors await specific steps to bolster growth

    Posted Sep 13th 2012, 12:00am by Victoria Ruan

    ... yuan stimulus package introduced in late 2008 in the face of the global financial crisis. The State Council said yesterday it will accelerate export rebates as part of measures to stabilise ... subway, and energy-saving projects. Li Tie, director of the China Centre for Urban Development at the National Development and Reform Commission, said the state planning agency is looking ...




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