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  • August 28, 2014
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  1. News - China - ECONOMY

    Xi Jinping departs for South America tour

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

    ... Agencies in Beijing and Brasilia President to meet friends old and new for BRICS talks and to keep the resources pipeline flowing Xi off to do business in America's backyard President Xi Jinping has departed for a visit to four South American countries, including Brazil, to build ties in a resource-rich region traditionally considered the backyard of the United States. Xi ...

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

    Top Communist Party official's inclusion on task force reflects China's economic concerns

    Posted Aug 21st 2014, 05:02am by Cary Huang

    ... and Securities Institute, said Liu's inclusion suggested the need for more cooperation and coordination in economic management among departments. Ma Guoxian, a political economist with the Shanghai ...

    http://www.scmp.com/news/china/article/1577934/top-communist-party-officials-inclusion-task-force-reflects-chinas
  3. News - Hong Kong - ECONOMY

    Beijing to consult Hong Kong on its 13th five-year plan

    Posted Aug 20th 2014, 04:14am by Denise Tsang

    ... strong debate on Hong Kong's autonomy. A Hong Kong government spokeswoman said the administration's bureaus and departments were considering the issue while soliciting industry views. ...

    http://www.scmp.com/news/hong-kong/article/1577268/beijing-consult-hong-kong-its-13th-five-year-plan
  4. 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

    ... and Statistics Department announced in June that the value of retail sales in April dropped 9.8 per cent year on year to HK$38.8 billion, and 9.5 per cent in volume. Hong Kong’s economy grew 2.9 per cent ...

    http://www.scmp.com/news/hong-kong/article/1571292/hong-kong-will-lower-annual-economic-growth-forecast-friday-says-john
  5. News - Hong Kong - ECONOMY

    We're not cutting expenses, says finance chief John Tsang

    Posted Aug 04th 2014, 04:54am by Tony Cheung

    ... Tony Cheung tony.cheung@scmp.com Departments were asked to reduce spending growth by 1pc because of a slow economy and the cost of new services, John Tsang explains We're not cutting ... the year 2015/16. So 'new money' available for the departments will be very limited," he added. New schemes include the Old Age Living Allowance, which offers 420,000 elderly ...

    http://www.scmp.com/news/hong-kong/article/1565684/were-not-cutting-expenses-says-finance-chief-john-tsang
  6. 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

    ... The commission, he said, was using the Census and Statistics Department's latest report on annual earnings and hours worked, among other factors, when considering a new wage level. "The ...

    http://www.scmp.com/news/hong-kong/article/1567209/would-you-rise-how-hong-kong-fares-big-mac-index
  7. 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

    ... cent from a year ago. The value of sales of jewellery, timepieces and valuable gifts decreased 28.2 per cent in June from the same period last year. Sales of commodities in department stores ... people from their shopping. Bank of East Asia chief economist Paul Tang Sai-on said the drop in department store sales on top of jewellery sales indicated a general weakening in the purchasing ...

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

    Year-on-year inflation in Hong Kong slowed slightly in June, government reports

    Posted Jul 21st 2014, 06:10pm by Phila Siu

    ... year-on-year in May, the Census and Statistics Department said. The slightly smaller increase was mainly due to a slowed rate of increase in private housing rent. The rise was led by 7.8 per cent price increases in alcoholic drinks and tobacco, mainly due to the tobacco duty hike, according to the department. Despite it slowling slightly on the year-on-year rise last June, the second largest ...

    http://www.scmp.com/news/hong-kong/article/1557006/year-year-inflation-hong-kong-slowed-slightly-june-government-reports
  9. Business - Economy - ECONOMY

    Abe's economic reforms seen as falling short in Japan growth push

    Posted Jun 25th 2014, 02:37am by Reuters

    ... to opposition from the powerful farm lobby, while the government has gone out of its way to say moves to increase foreign workers are not an "immigration" policy. "Abe's 'Third ...

    http://www.scmp.com/business/economy/article/1539920/abes-economic-reforms-seen-falling-short-japan-growth-push
  10. News - China - ECONOMY

    Local government debt show signs of improving

    Posted Jun 24th 2014, 07:48pm by Keith Zhai

    ... Keith Zhai keith.zhai@scmp.com But extravagance and corruption persist at some departments and state firms, audit chief says Local government debt show signs of improving China's ... and corruption persisted in some departments and state enterprises despite President Xi Jinping's nationwide crackdown on graft. Together, their audited expenses accounted for 154 billion yuan ...

    http://www.scmp.com/news/china/article/1539727/chinas-audit-central-government-budget-uncovers-array-problems

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