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  • September 3, 2014
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  1. News - China - ECONOMY

    Cut taxes to boost the economy, urges China's second richest man Zong Qinghou

    Posted Aug 25th 2014, 03:35pm by Kathy Gao

    ... that the monthly income tax threshold should be raised to 10,000 yuan (HK$12,600) to increase people's income. The existing income tax threshold is 3,500 yuan. Zong, 68, chairman of leading beverage maker Hangzhou Wahaha Group, said the government had never considered how to reduce taxation so as to increase ordinary people's income, the report said. If the nation is rich, but people ...

    http://www.scmp.com/news/china/article/1580537/chinas-second-richest-man-zong-qinghou-tells-government-tax-cuts-will
  2. 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 ... cycle remains in place as job and income conditions steadily improve." The central bank downgraded its assessment of exports, which it has been counting on to support the economy as the tax ...

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

    China's income inequality slowly improving, survey finds

    Posted Jul 19th 2013, 12:00am by Zhang Hong

    ... Zhang Hong hong.zhang@scmp.com New survey claims key measure of income gap has slightly improved, but earlier studies suggest the problem could be getting worse Inequality is slowly declining — perhaps Wealth inequality in China is still high compared with most developed countries but the gap is slowly narrowing, a new survey has found. China's Gini coefficient of income ...

    http://www.scmp.com/news/china/article/1285732/chinas-income-inequality-slowly-improving-survey-finds
  4. Business - Economy - ECONOMY

    African lions hope to emulate economies of Asian tigers

    Posted Aug 05th 2014, 03:26am by Bloomberg

    ... of the global economy could triple by 2050, while average per-capita income could surge sixfold and 1.4 billion more Africans could join the middle class, under the most optimistic of scenarios sketched ...

    http://www.scmp.com/business/economy/article/1566550/african-lions-hope-emulate-economies-asian-tigers
  5. Business - Economy - ECONOMY

    Beijing's economic growth targets are too high, IMF says

    Posted Jul 31st 2014, 11:26am by Victoria Ruan

    ... target". China remains heavily reliant on capital spending and credit, which has sustained rapid growth. But "declining efficiency of investment, a significant buildup of debt, income ...

    http://www.scmp.com/business/economy/article/1563293/imf-recommends-lower-2015-gdp-growth-target-china
  6. Business - Economy - ECONOMY

    Social security fund aims for 9.9pc rise in income

    Posted May 08th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Although expenditure is expected to climb at a faster rate, NSSF is in line for a healthy surplus Social security fund aims for 9.9pc rise in income The National Social Security Fund (NSSF), the central government's reserve for the provision of a range of social welfare services, is budgeting for a 9.9 per cent increase in its income ...

    http://www.scmp.com/business/economy/article/1232625/social-security-fund-aims-99pc-rise-income
  7. News - China - ECONOMY

    Wage increases part of approved income distribution plan

    Posted Feb 06th 2013, 12:00am by Victoria Ruan

    ... Victoria Ruan victoria.ruan@scmp.com Wage rise part ofreform guidelines The State Council on Tuesday approved long-delayed guidelines to reform the mainland's income distribution ... urban and rural per capita individual income by 2020 from 2010, and make more rural migrant workers city dwellers, according to the guidelines. "Reasonable wage rises" have been ...

    http://www.scmp.com/news/china/article/1144112/wage-increases-part-approved-income-distribution-plan
  8. News - Hong Kong - ECONOMY

    Hongkongers' median income grew only 10pc in last decade

    Posted Jan 11th 2013, 12:00am by Phila Siu

    ... Phila Siu phila.siu@scmp.com City's median wage goes up by only 10 per cent between 2001 and 2011, with income of young adults unchanged in period of rocketing costs Pay outpaced ... steadily. According to the Census and Statistics Department, the 2001 median monthly income for men was HK$12,000. But a decade later it was HK$13,000- a rise of just 8.3 per cent, and that does ...

    http://www.scmp.com/news/hong-kong/article/1125083/hongkongers-median-income-grew-only-10-pc-last-decade
  9. 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

    ... announced that it would start reporting a new data series as part of the US national income accounts. In addition to gross domestic product (GDP), the BEA will start reporting gross output (GO). ... in the national income accounts. In consequence, aggregate demand has dominated economic discourse and policy ever since. Among other things, Keynes threw economics into the sphere of macroeconomics. ...

    http://www.scmp.com/business/banking-finance/article/1543497/french-economists-long-forgotten-demand-theory-gets-its-due
  10. Business - Economy - ECONOMY

    Mortgage debt a threat to recovery, says Bank of England

    Posted Jun 14th 2014, 04:19am by Bloomberg

    ... debt is about 140 per cent of disposable income, mortgages at high loan-income ratios are at a record and there are signs of a drop in banks' underwriting standards. "This ...

    http://www.scmp.com/business/economy/article/1532080/mortgage-debt-threat-recovery-says-bank-england

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