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  • April 21, 2014
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  1. News - China - ECONOMY

    China's income inequality slowly improving, survey finds

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

    ... New survey claims key measure of income gap has slightly improved, but earlier studies suggest the problem could be getting worse 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 inequality was 0.49 last year, slightly down from 0.51 in 2010, ...

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

    Beijing moves to stimulate economy with tax cuts, rail projects

    Posted Apr 03rd 2014, 05:16am by Reuters

    ... the criteria that allow them to halve their income taxes, with the policy to be extended to the end of 2016. The measures mark the first concrete action being taken by the central government this year ...

    http://www.scmp.com/business/economy/article/1463420/beijing-moves-stimulate-economy-tax-cuts-rail-projects
  3. Business - Economy - ECONOMY

    Beijing's mini-stimulus fails to excite market

    Posted Apr 04th 2014, 01:14am by Victoria Ruan

    ... Kong-based economist with Citigroup. The State Council decided at a meeting chaired by Li to halve the income tax for more small enterprises, from the 1.2 million companies currently covered, ...

    http://www.scmp.com/business/economy/article/1464314/beijings-mini-stimulus-fails-excite-market
  4. 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
  5. Business - Economy - ECONOMY

    Germany's selfishness hangs over its weaker euro-zone partners

    Posted Mar 24th 2014, 04:45am by DAVID BROWN

    ... to bridge the gap between Germany and the weaker euro-zone countries. Using German taxpayers' money to fund social transfers and income support to Greece may be a step too far for German ...

    http://www.scmp.com/business/economy/article/1455670/germanys-selfishness-hangs-over-its-weaker-euro-zone-partners
  6. 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 ... average 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
  7. 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
  8. Business - Economy - ECONOMY

    Small firms feel pinch from Beijing's anti-corruption drive

    Posted Mar 04th 2014, 05:09am by Bloomberg

    ... except try to get more smaller ceremonies to make up for the lost income," he said. ...

    http://www.scmp.com/business/economy/article/1439688/small-firms-feel-pinch-beijings-anti-corruption-drive
  9. Business - China Business - ECONOMY

    China holiday sales grow at slowest in decade amid crackdown on graft

    Posted Feb 07th 2014, 02:54pm by Langi Chiang

    ... because wages are still growing at a robust pace." Nominal urban disposable income grew 9.7 per cent last year, while rural household income jumped 12.4 per cent. ANZ chief economist Liu ...

    http://www.scmp.com/business/china-business/article/1422884/retail-spending-growth-china-during-lunar-new-year-holiday
  10. Business - Economy - ECONOMY

    Financial Secretary John Tsang hints one-off budget relief measures may be withdrawn

    Posted Feb 10th 2014, 04:31am by JEFFIE LAM

    ... on low incomes. These could include the two-month exemption on public housing rents that have been a feature of recent budgets. But the middle class, already upset about being ignored ...

    http://www.scmp.com/business/economy/article/1424870/financial-secretary-john-tsang-hints-one-budget-relief-measures-may

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