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  • September 20, 2014
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  1. Business - Economy - ECONOMY

    Japan’s economy shrinks in second quarter as sales tax rise hits

    Posted Sep 08th 2014, 09:21am by Reuters

    ... Reuters in Tokyo Rise in sales tax blamed as economy contractsby 7.1 per cent,worse than initial estimates Japan GDP shrinks most in five years Japan's economy shrank an annualised 7.1 per cent in the April-June quarter, more than a preliminary estimate, underscoring concerns the hit from an April increase in the sales tax may have been bigger than expected. The revised ...

    http://www.scmp.com/business/economy/article/1587657/japans-economy-shrinks-second-quarter-sales-tax-rise-hits
  2. News - Hong Kong - ECONOMY

    Retailers seek to keep watch sales ticking amid slowdown

    Posted Sep 04th 2014, 03:51am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Hit by crackdowns on graft and extravagance on the mainland, firms look to new strategies to fight decline in luxury sales as fair opens Retailers seek to keep watch sales ticking Concentrating on bigger outlets, looking to the mid-priced market and opening stores away from tourist areas are among the strategies being employed by watch retailers amid ...

    http://www.scmp.com/news/hong-kong/article/1584641/retailers-seek-keep-watch-sales-ticking-amid-slowdown
  3. News - Hong Kong - ECONOMY

    Hong Kong retail sales slump by 3.1pc in July as consumers scrimp on luxury

    Posted Aug 28th 2014, 05:54pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com Takings for last month were down 3.1pc on last year as mainland graft drive continued to bite Retail sales still gloomy despite summer holiday The summer holidays brought no relief for hard-pressed shopkeepers as retail sales declined for the sixth consecutive month- and retailers see no relief in sight until winter. Total sales were down 3.1 per cent ...

    http://www.scmp.com/news/hong-kong/article/1581472/hong-kong-retail-sales-slump-31pc-july-consumers-scrimp-luxury
  4. Business - Economy - ECONOMY

    Weaker mainland China industrial output fuels regional pessimism

    Posted Sep 16th 2014, 03:23am by Victoria Ruan

    ... of the year to 16.5 per cent from 17 per cent in the first seven months, while retail sales growth also cooled a bit. Nomura cut its mainland GDP growth forecast for the third quarter to 7.2 per cent ...

    http://www.scmp.com/business/economy/article/1593498/weaker-mainland-china-industrial-output-fuels-regional-pessimism
  5. News - China - ECONOMY

    Guangdong farmers wait for the bulldozers amid ambitious new-town plans

    Posted Sep 12th 2014, 05:52am by He Huifeng

    ... for Qingyuan, a city about 60km from Guangzhou. Government officials say the new town planned for Qingyuan, which will be built at a cost of 30 billion yuan (about HK$38 billion), will provide homes ... their homes. "I haven't slept well since last year," Ruan said. "I don't want the new town. I just want my farmland. My grandfather left the land to my father, and my father ...

    http://www.scmp.com/news/china/article/1590430/guangdong-farmers-wait-bulldozers-amid-ambitious-new-town-plans
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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

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