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  • August 1, 2014
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  1. 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

    ... Amy Nip amy.nip@scmp.com Mainland corruption crackdown blamed for falling demand at Hong Kong's high-end shops Slide in city's retail sales continues with 6.9pc drop The grim performance of Hong Kong's retail sales continued in June, producing the worst first-half showing since 2009. The government's monthly statistics released yesterday showed that sales revenue ...

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

    Restaurants serving locals keep up sales amid drop in tourist spending

    Posted Aug 01st 2014, 04:03am by Amy Nip

    ... an insider in the food and beverage business says. Strong local demand boosted the restaurant sector, saving it from the slide in sales experienced by luxury retail brands amid President Xi ... In the first half of this year, restaurant revenues rose 3.6 per cent despite a 0.8 per cent drop in customer flow. In comparison, retail sales dropped 1.3 per cent by value and 1.1 per cent by volume, ...

    http://www.scmp.com/news/hong-kong/article/1563780/restaurants-serving-locals-keep-sales-amid-drop-tourist-spending
  3. News - China - ECONOMY

    Targeted measures to spur growth

    Posted Jul 30th 2014, 05:21am by Cary Huang

    ... warned that the economy still faced great challenges and downside risks. "The economy is still faced with complexities both at home and abroad, with multiple unstable and uncertain factors, ...

    http://www.scmp.com/news/china/article/1562186/targeted-measures-spur-growth
  4. Business - Economy - ECONOMY

    Deutsche co-chief for Asia an unabashed bull

    Posted Jul 21st 2014, 03:18am by Jasper Moiseiwitsch and Ray Chan

    ... economy and markets. He also sees a strong upwards trend in mergers and acquisitions driven by cash-rich, family-owned businesses that have outgrown their home market. This is prodding the owners ...

    http://www.scmp.com/business/economy/article/1556885/deutsche-bank-investment-director-unabashed-bull-asia-pacific
  5. News - China - ECONOMY

    Xi Jinping departs for South America tour

    Posted Jul 13th 2014, 11:15am by AFP, Reuters

    ... that has historically been tied to the US economically. Brazil will also announce the sale of about 25 planes made by Embraer to Chinese airlines on Thursday during Xi's visit, a Brazilian official said. Brazilian president Dilma Rousseff's international affairs adviser, Marco Aurelio Garcia, said on Friday that the aircraft sale and plans for cooperation in infrastructure ...

    http://www.scmp.com/news/china/article/1553212/chinas-leader-xi-jinping-departs-south-america-tour
  6. News - Hong Kong - ECONOMY

    Jobless rate could rise if retail sales keep declining, financial secretary warns

    Posted Jun 09th 2014, 03:03am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Poor April figures and troubling external business factors worry financial secretary Fall in retail sales could cost jobs, Tsang says Hong Kong's unemployment rate of 3.1 per cent may go up if retail sales continue to shrink and the external business environment does not improve, Financial Secretary John Tsang Chun-wah warned yesterday. He ...

    http://www.scmp.com/news/hong-kong/article/1528229/jobless-rate-could-rise-if-retail-sales-keep-declining-financial
  7. Business - Economy - ECONOMY

    Mainland China growth rates don't add up

    Posted Jul 14th 2014, 03:09am by Benjamin Robertson

    ... susceptible to human meddling. Stephen Green, the head of Greater China research at Standard Chartered Bank, has referenced cement and steel production, electricity usage, and KFC restaurant sales ...

    http://www.scmp.com/business/economy/article/1553600/mainland-china-growth-rates-dont-add
  8. Business - Economy - ECONOMY

    Worst may be over for China economy as stimulus kicks in

    Posted Jun 14th 2014, 04:21am by Victoria Ruan

    ... Kuijs, economist, RBS Home sales value in the first five months dropped 10.2 per cent, while sales of office building units fell 14 per cent. However, the weakness in the real estate sector was offset ... Victoria Ruan in Beijing victoria.ruan@scmp.com Weakness in property offset by strong infrastructure investment and more robust retail sales, indicating initial success in policy ...

    http://www.scmp.com/business/economy/article/1532113/worst-may-be-over-china-economy-stimulus-kicks
  9. News - Hong Kong - ECONOMY

    Slump in luxury sales offers little hope rents will become affordable for small shop owners

    Posted Jun 04th 2014, 11:16pm by DENISE TANG

    ... this happen, government initiatives are needed." Mak was speaking a day after the government reported a 9.8 per cent fall in retail sales in April, the biggest in five years. She said consumer ... for mainlanders in 2003 was coming to an end. Last year, 40 million mainland visitors came to Hong Kong, generating about a third of the city's retail sales. Their number has been forecast to hit 100 ...

    http://www.scmp.com/news/hong-kong/article/1525540/slump-luxury-sales-offers-little-hope-rents-will-become-affordable
  10. Business - Economy - ECONOMY

    Japan's industrial output rises in May, signalling rebound after tax hike

    Posted Jul 01st 2014, 04:05am by Reuters

    ... of a national sales tax rise, underscoring views the economy will absorb the increase largely unscathed. The 0.5 per cent month-on-month rise compared with the median estimate of a 0.9 per cent increase ... in the summer from the April 1 sales tax rise and spending slump in the current quarter. That rebound could further dampen expectations the Bank of Japan will ease policy again this year, ...

    http://www.scmp.com/business/economy/article/1543897/japans-industrial-output-rises-may-signalling-rebound-after-tax

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