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  • July 23, 2014
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  1. News - Hong Kong - ECONOMY

    Hong Kong's economy does not rely on mainland tourists, says financial secretary

    Posted Jun 16th 2014, 04:53am by Ernest Kao

    ... Ernest Kao ernest.kao@scmp.com Finance chief rejects as 'inconsistent with the facts' suggestion HK is too reliant on tourists Mainland visitor claim exaggerated, says Tsang ... over-reliant on mainland tourist dollars. "Solo visitors [from the mainland, under the individual visit scheme] definitely contribute a smaller part of this number. Whether or not this figure ...

    http://www.scmp.com/news/hong-kong/article/1533469/mainland-chinese-visitor-claim-exaggerated-says-john-tsang
  2. News - Hong Kong - ECONOMY

    Impact from cutting number of mainland tourists ‘only short term’, says think tank

    Posted Jun 12th 2014, 07:18pm by Johnny Tam

    ... cent from 3.3 per cent if there was a 20 per cent cut in mainland tourists, but the economy would pick up gradually due to its flexibility. He said real GDP growth in 2016 would be 3.4 per cent ... Hongkongers expressed widespread discontent over mainland tourists flooding the city. About 40 million mainlanders visit Hong Kong each year, but that figure is projected to hit 100 million by 2020, ...

    http://www.scmp.com/news/hong-kong/article/1530931/economic-impact-reducing-mainland-tourist-numbers-hong-kong-only
  3. Business - Economy - ECONOMY

    Mainland China growth rates don't add up

    Posted Jul 14th 2014, 03:09am by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com Economists are questioning China's official GDP rates, saying the numbers no longer fit reality Mainland growth rates don't add up How big is China's economy? Well, partly it depends on which economist you ask. About 36 per cent smaller than official government figures would have people believe, calculated economics ...

    http://www.scmp.com/business/economy/article/1553600/mainland-china-growth-rates-dont-add
  4. News - Hong Kong - ECONOMY

    Jobless rate could rise if retail sales keep declining, financial secretary warns

    Posted Jun 09th 2014, 03:03am by Phila Siu

    ... to the anti-government protests in Thailand and the anti-China protests in Vietnam as factors in the declining economy. On anti-mainland tourist sentiments, Tsang told Hongkongers not to harm the city's ... protests against mainland tourists, Mak said: "If the mainland tourists find that Hong Kong does not welcome them, they will find somewhere else to go."   ...

    http://www.scmp.com/news/hong-kong/article/1528229/jobless-rate-could-rise-if-retail-sales-keep-declining-financial
  5. News - Hong Kong - ECONOMY

    Slump in luxury sales offers little hope rents will become affordable for small shop owners

    Posted Jun 04th 2014, 11:16pm by DENISE TANG

    ... million by 2023, but the government is reportedly looking at reducing the number of mainland visitors by as much as 20 per cent. Shen attributed the lacklustre sales to a drop in mainland tourists ... prime shopping districts recently," she said. Mizuho Securities chief economist Shen Jianguang said the tourist-driven retail boom since the introduction of the individual traveller scheme ...

    http://www.scmp.com/news/hong-kong/article/1525540/slump-luxury-sales-offers-little-hope-rents-will-become-affordable
  6. Business - Economy - ECONOMY

    Shanghai cuts negative list to woo foreign investment

    Posted Jul 02nd 2014, 01:45am by Daniel Ren

    ... Foreign companies based in the 28.78 sqkm zone, the first of its kind on the mainland, will now be given access to a range of significant sectors including cotton processing, salt distribution ... for further economic reforms on the mainland. However, long-heralded major liberalisations in the zone, including full convertibility of the yuan and the introduction of a market-based interest rate ...

    http://www.scmp.com/business/economy/article/1544518/shanghai-cuts-negative-list-woo-foreign-investment
  7. News - Hong Kong - ECONOMY

    Political tensions could undermine Hong Kong as China's top financial centre: Joseph Yam

    Posted Jun 23rd 2014, 11:36pm by Cannix Yau and Enoch Yiu

    ... of the leadership to rely too much on Hong Kong as a venue for the conduct of international financial activities of the mainland. If so, this would be regrettable." The book, in which Yam comments ... "referendum", which has riled Beijing. Rare disagreement as CY Leung takes issue with Global Times editorial on Occupy poll Cyberattacks against Occupy Central poll traced to mainland firms’ computers ...

    http://www.scmp.com/news/hong-kong/article/1539240/political-tensions-could-undermine-hong-kong-top-financial-centre
  8. News - China - ECONOMY

    Guangdong still in frame for free-trade zone, deputy commerce minister says

    Posted Jul 01st 2014, 03:45am by Kwong Man-ki

    ... is the only mainland city so far to have received the green light to develop a free-trade zone. Gao said the free-trade zone in Shanghai was a testing ground for innovative policies, ...

    http://www.scmp.com/news/china/article/1543937/guangdong-still-frame-free-trade-zone-deputy-commerce-minister-says
  9. News - Hong Kong - ECONOMY

    Hong Kong’s economic growth in first quarter slowest since 2012

    Posted May 16th 2014, 06:35pm by Amy Nip

    ... this was mainly because the Easter holiday, during which people usually spend more, was in the second quarter this year instead of the first. Rising tension between mainland tourists and locals had also sparked concerns in the retail industry, which relies on tourists for a third of their sales. The number of mainland tourists who came to the city during the three-day Labour Day holiday fell ...

    http://www.scmp.com/news/hong-kong/article/1513575/hong-kongs-economic-growth-first-quarter-slowest-2012
  10. Comment - Insight & Opinion - ECONOMY

    Why economic stimulus no longer works for China

    Posted Jun 23rd 2014, 10:42am by Derek Scissors

    ... Derek Scissors Mainland monetary policy is adding to the total stock of money without having a noticeably pro-growth effect on the economy Stimulating in vain There is a dispute between those who see mainland economic policy as merely being "fine-tuned" and those who see active stimulus. The debate is misguided: the level of stimulus may be relevant to the current ...

    http://www.scmp.com/comment/insight-opinion/article/1538761/why-economic-stimulus-no-longer-works-china

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