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  • July 14, 2014
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  1. Business - Banking & Finance

    PBOC wading into fiscal policy to bolster economic growth

    Posted Jul 08th 2014, 01:54am by BLOOM

    ... Bloomberg in Beijing Mainland central bank using unconventional tools to bolster economic growth, triggering concern over transparency PBOC wading into fiscal policy The mainland central bank is seeking to support economic growth with unconventional tools that Credit Suisse Group and Everbright Securities say look more like fiscal policy. The People's Bank of China ...

  2. Beijing keeps faith with proactive fiscal policy

    Posted Jul 28th 2010, 12:00am by Cary Huang

    ... Cary Huang in Beijing China will make its 'proactive fiscal policy' more flexible in the second half of the year after revenue soared in the first six months, Finance Minister ... revenue in the first half. The Ministry of Finance will maintain its currently 'active fiscal policy' and make 'stability the main theme of macroeconomic adjustments', Xie said ...

  3. News - Hong Kong - POLITICS

    Filibustering lawmakers say fiscal crisis is government bogeyman

    Posted May 19th 2014, 05:07am by Olga Wong

    ... policy, which is slated to make recommendations later this year. The government study projected 16 fiscal scenarios by 2041. But none of them took into account policies that might be devised ... Olga Wong olga.wong@scmp.com Filibustering lawmakers behind a budget impasse say city's fiscal crisis is a government bogeyman Glass half empty, glass half full Hong Kong ...

  4. Meltdown hits mainland output and fiscal revenue

    Posted Nov 14th 2008, 12:00am by Cary Huang

    ... Cary Huang in Beijing Premier Wen warns impact of crisis worse than expected The mainland's industrial output and fiscal revenue abruptly weakened last month, as Premier Wen Jiabao ... downturn is worsening as Beijing rushes to launch a massive stimulus package. Fiscal revenue dropped 0.3 per cent from October last year, the first decline in 12 years, the Ministry of Finance ...

  5. Business - Comment - MONITOR

    At last Tsang accepts that our fiscal policy needs an overhaul

    Posted Feb 28th 2013, 12:00am by Tom Holland

    ... fiscal policy needs an overhaul At least some of the criticism directed at John Tsang Chun-wah recently must have stung. In his budget speech yesterday, the financial secretary attempted to defend his piecemeal approach to fiscal policy while simultaneously promising to set up a working group to formulate "more comprehensive planning for our public finances". A new ...

  6. Business - Banking & Finance - ECONOMY

    French economist's long-forgotten demand theory gets its due after new US policy

    Posted Jun 30th 2014, 01:20pm by STEVE HANKE

    ... the alleged importance of fiscal policy withers away, too. Contrary to what the standard textbooks have taught us and what that pundits repeat ad nauseam, consumption is not the big elephant ... had to do this because his entire theory was based on the analysis of demand failure and his prescription for putting life back into aggregate demand – namely, a fiscal stimulus. Keynes ...

  7. Comment - Insight & Opinion

    Another deficit of clear thinking among Hong Kong's fiscal planners

    Posted Mar 09th 2014, 04:02am by Philip Bowring

    ... (specialists in tax avoidance). Where were the entrepreneurs, the demographers, the fiscal policy experts, the investment bankers, let alone the representatives of low-income groups? John Tsang ... Philip Bowring Philip Bowring is appalled by the report on fiscal planning that seeks to preserve the status quo, to protect mega infrastructure spending, yet utterly fails to address our ...

  8. Business - Economy - China Economy

    China to push ahead with fiscal reforms as it sets economic growth at 7.5pc

    Posted Mar 05th 2014, 08:39am by Victoria Ruan, Staff Reporters, Reuters

    ... Victoria Ruan, staff reporters and Reuters in Beijing Premier Li Keqiang today signaled that China will push ahead with key fiscal and financial reforms that should eventually allow ... to the National People’s Congress, Li outlined the key economic growth targets for the year and pledged to further overhaul the exchange rate, interest rate, and fiscal system. He also said more private ...

  9. Beijing unlikely to change its fiscal policy

    Posted Dec 02nd 2011, 12:00am

    ... policy and a proactive fiscal policy'. But they are also expecting the Central Economic Work Conference to announce measures to promote economic growth, with the global outlook remaining ... of inflation a top priority, he could see policies 'increasingly nudged towards pro-growth'. 'Fiscal policies could be slightly more proactive,' he said. Wen has declared the need ...

  10. Business - Companies

    Toyota says profit may double to record 1.9tr yen in fiscal year

    Posted Feb 05th 2014, 05:37am by Bloomberg

    ... to a record 1.9 trillion yen (HK$145.4 billion) in the fiscal year to March, Toyota said yesterday. That compares with its previous forecast of 1.67 trillion yen and the 1.87 trillion yen average ... The results illustrate how Toyota is leading the surge in Japanese corporate earnings after Prime Minister Shinzo Abe's economic policies helped weaken the yen 18 per cent against the US dollar ...




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