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  • August 21, 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 - Hong Kong - ECONOMY

    Hong Kong Monetary Authority chief Norman Chan adds to gloom on economy

    Posted Aug 11th 2014, 11:28pm by Patsy Moy

    ... economic outlook, which is already clouded by political turmoil, stubbornly high home prices and sluggish retail sales. In the Hong Kong Monetary Authority's bulletin yesterday, Chan warned ...

    http://www.scmp.com/news/hong-kong/article/1571643/hong-kong-monetary-authority-chief-norman-chan-adds-gloom-economy
  4. Business - Economy - ECONOMY

    China’s July official services PMI dips to six-month low

    Posted Aug 03rd 2014, 02:23pm by Reuters

    ... mainland factories have started to recover, having earlier this year been one of the drags on growth in the world's second largest economy due to faltering demand at home and abroad. ... time, companies' business expectations jumped to a level not seen in at least a year. Inflation within the sector, be it production or final sales prices, also quickened to a rate unseen ...

    http://www.scmp.com/business/economy/article/1565516/chinas-july-official-services-pmi-dips-six-month-low
  5. News - Hong Kong - ECONOMY

    Forecasts for Hong Kong growth downbeat

    Posted Aug 19th 2014, 04:18am by Arthur Chan

    ... mainlanders can visit Hong Kong without joining a tour. Citi said such a curb on visits would "deal a further blow to retail sales and exports of services". ANZ's report says "the ...

    http://www.scmp.com/news/hong-kong/article/1576268/forecasts-hong-kong-growth-downbeat
  6. News - Hong Kong - ECONOMY

    Hong Kong economy slows as stocks climb, property booms

    Posted Aug 15th 2014, 06:20pm by Amy Nip

    ... Their waning interest, adding to an exceptional high base of comparison last year due to a gold rush, caused sales of luxury goods in the second quarter to fall by a third year-on-year. The economy is expected to see modest growth by the end of the year. A sales tax increase took a toll on Japan's economy, which saw the biggest contraction in the second quarter since the 2011 earthquake. ...

    http://www.scmp.com/news/hong-kong/article/1574301/hong-kong-lowers-annual-growth-forecast-after-worst-quarter-2012
  7. News - Hong Kong - ECONOMY

    Hong Kong to lower annual economic growth forecast on Friday, says John Tsang

    Posted Aug 11th 2014, 02:22pm by Lai Ying-kit

    ... Lai Ying-kit yingkit.lai@scmp.com Considerable year-on-year fall in retail sales and sluggish private consumption led to disappointing second quarter Financial Secretary John Tsang ... Retail sales fell considerably year-on-year, thanks in part to a drop in tourist spending particularly on luxury items such as jewellery and watches. Private consumption increased only slightly, ...

    http://www.scmp.com/news/hong-kong/article/1571292/hong-kong-will-lower-annual-economic-growth-forecast-friday-says-john
  8. Business - Economy - ECONOMY

    BOJ upbeat on outlook, despite weakness in exports and output

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

    ... Reuters in Tokyo Central bank says effect of sales tax subsiding as jobs and income pick up BOJ upbeat on recovery despite weak exports The Bank of Japan maintained its view ... to offset the pain from a sales tax rise in April. Bank governor Haruhiko Kuroda remained upbeat about the outlook for the economy, underscoring the central bank's conviction that no fresh ...

    http://www.scmp.com/business/economy/article/1569230/boj-upbeat-outlook-despite-weakness-exports-and-output
  9. 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

    ... bring home 2.44 burgers, then folks in the Netherlands, with 2.38 burgers, and France with 2.37 burgers. At the bottom were Mexicans, where a minimum hourly wage of HK$4.65 affords just ... husband takes home about HK$10,000 as a lorry driver. How many Big Macs can she afford? The answer is obvious. "I haven't eaten beef for a long time," she said. ...

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

    Property market cool-down drives HSBC China services PMI to lowest level ever

    Posted Aug 05th 2014, 10:09am by Reuters

    ... governments, which earn a large chunk of their revenues by selling state land, have openly or quietly relaxed home purchase restrictions this year, according to data from Cric, a unit of real estate ...

    http://www.scmp.com/business/economy/article/1566785/property-market-cool-down-drives-hsbc-china-services-pmi-lowest

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