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  • October 25, 2014
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  1. News - China - ECONOMY

    China’s top economic adviser focuses on growth and restructuring during trip to Jiangsu province

    Posted Oct 15th 2014, 02:39pm by MANDY ZUO

    ... He added that the four things the government needs to focus on are growth in income, which increases faster than the gross domestic product, expansion of the service industry, progress in technology, and narrowing the income gap between the country’s eastern and western regions. Lian Ping, chief economist at the Bank of Communications, said most businesses and officials have been ...

  2. Business - Economy - ECONOMY

    World Bank trims growth forecasts for developing East Asia and China

    Posted Oct 06th 2014, 01:59pm by Reuters

    ... and growth will benefit from a gradual recovery in high-income economies," the World Bank said in its latest East Asia Pacific Economic Update report yesterday. Developing East Asia and Pacific ... was likely to be held back in the second half of this year by weakness in commodity-related income, lower-than-expected government consumption and slower credit expansion, the report said. ...

  3. Business - Economy - ECONOMY

    US labour strength spurs hopes for early rate rise

    Posted Oct 04th 2014, 04:46am by Reuters

    ... 4 congressional elections. While President Barack Obama's message of an improving economy has been hampered by persistent falls in family incomes under his watch, the data underscored the strides ...

  4. Business - Economy - ECONOMY

    Guangdong eyes SOE reform

    Posted Sep 29th 2014, 03:58am by Enoch Yiu, Sophie Yu

    ... cent Unemployment rate: 2.35 per cent Income per capita: 16,864 yuan Residents' savings: 5.393 trillion yuan Industries: 1.399 trillion yuan Retail and wholesale: 357 billion yuan ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. News - World - ECONOMY

    World Bank warns of global jobs crisis

    Posted Sep 09th 2014, 10:52pm by AFP

    ... Nigel Twose. "As this report makes clear, there is a shortage of jobs- and quality jobs. "And equally disturbingly, we're also seeing wage and income inequality widening within ...

  9. 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 ...

  10. 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 ...




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