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  1. Retailers need more than cash-flashing mainland tourists

    Posted Feb 03rd 2004, 12:00am by Stephen Craig

    ... Craig Stephen craig.stephen@scmp.com The dizzy chronicle of Hong Kong's retail revival at the hands of free-spending mainland tourists is being updated almost daily- first spending ... sales-tax-free regime means luxury consumer goods represent a good bargain for mainland tourists. But this tax-efficient shopping is narrowly focused. Other businesses such as food retailing, department ...

  2. China still a cheap destination, say overseas tourists

    Posted May 16th 2006, 12:00am by Staff Reporter

    ... Jane Cai Overseas tourists in Beijing brushed off news of the stronger yuan, saying they would spend as usual, although researchers warned higher prices are only a matter of time. David ... dollar. The small exchange rate change will not influence my spending plans to buy souvenirs for my friends and myself,' Ms Stead said. But a staff member at a leading mainland travel agency ...

  3. US rolls out welcome mat for Chinese

    Posted Jul 21st 2012, 12:00am

    ... Anita Lam anita.lam@scmp.com The United States government is betting on an expected influx of mainland tourists to boost its economy and employment in the next four years. Returning from ... across China last year to process visa applications and shorten waiting times, helping to bring more than one million mainland tourists to the US in 2011. That was an increase of 36 per cent from ...

  4. The mainland is no longer cheering the influx of foreign funds

    Posted Nov 10th 2004, 12:00am by Mark O'Neill

    ... interest rates an extra incentive. Large Chinese firms that formerly parked their foreign exchange earnings offshore have re-joined the party. The money has gone into mainland property, bonds, ... allowed Chinese tourists to take out more hard currency, permitted Chinese companies to retain a larger slice of their foreign exchange earnings and will allow local insurers to invest some ...

  5. Sydney-bound 'tourists' arrested over drug Ice

    Posted Apr 29th 2011, 12:00am

    ... Danny Mok Police have swooped on a suspected drug trafficking gang who tried to use the cover of an organised tour group to smuggle HK$5 million of the party drug Ice from Hong Kong to Sydney. Five people were arrested at Chek Lap Kok airport yesterday an ...

  6. Retail sales rise 1.2pc in August

    Posted Oct 08th 2003, 12:00am by Kelvin Chan

    ... Hong Kong's retail sales increased in August, for the first month since January, boosted by rising consumer confidence and increasing numbers of mainland tourists flocking to Hong ... that mainland tourist spending will make up for sluggish domestic demand, Denise Yam Wing-yan, an economist at Morgan Stanley, issued a report saying: 'Looking ahead, we see tourist spending ...

  7. Business - Economy - ECONOMY

    Mainland manufacturing contracts for first time in 9 months

    Posted Sep 02nd 2012, 12:00am by Paggie Leung

    ... Paggie Leung paggie.leung@scmp.com Manufacturing declines for first time this year Mainland manufacturing contracted in August for the first time in nine months, a development that could prompt more policy easing by Beijing's economic planners. The official purchasing managers' index (PMI) dropped 0.9 points to 49.2 last month, from 50.1 in July, in the face of a drop ...

  8. Airport worker held over people smuggling

    Posted Jan 10th 2011, 12:00am by Danny Mok

    ... Danny Mok Immigration officers yesterday arrested an airport worker, 34, linked with the smuggling of mainlanders from Hong Kong to Canada- including a young man disguised with a mask as an elderly Caucasian who boarded an Air Canada flight in October. Seven others, including two former airport staff, were arrested in raids at 10 locations on Friday and Saturday. The department said ...

  9. Home prices rise across mainland in July

    Posted Aug 02nd 2012, 12:00am

    ... mainland cities for a second month. The increase in prices has not been officially welcomed, however. Premier Wen Jiabao said on Tuesday that the country would 'unswervingly' implement ... Jinsong said. 'We believe property prices will continue to rise.' The average price of new homes in the 100 mainland cities tracked by China Index Academy rose 0.33 per cent to 8,717 ...

  10. Mainland slowdown curbs HK growth

    Posted May 12th 2012, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com Hong Kong registered its lowest rate of economic growth in more than two years in the first quarter, with a slowdown on the mainland having ... of the slowdown in Hong Kong can be traced to the mainland, where consumer inflation eased last month, with the consumer price index (CPI) rising 3.4 per cent year on year after gaining 3.6 per cent ...




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