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  1. Low-cost housing is no answer to mainland's economic prayers

    Posted Feb 07th 2012, 12:00am

    ... The economic impact of all this activity should be considerable. If we make the conservative assumption that average construction costs are in line with original 2010 estimates of 2,000 yuan (HK$2,500) ... of the mainland's gross domestic product. Clearly, investment on such a massive scale has the potential to support economic growth, while providing much-needed housing to millions of the mainland's ...

  2. Wen vows swift economic reforms

    Posted Mar 06th 2012, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com Premier Wen Jiabao has vowed to accelerate reform of the mainland's economic structure by focusing on raising household earnings and breaking ... of yuan a year, leading to widespread public discontent. The government would push to expand the middle class and raise the salaries of low-income workers, Wen added. He vowed to encourage ...

  3. Policy U-turn as debt piles up

    Posted Jun 27th 2012, 12:00am

    ... Their debts should be under stringent supervision,' Hong was quoted by China News Service as saying. Beijing tried to tackle a financing shortfall for public projects last year by allowing some local authorities to sell bonds directly- for the first time in 17 years- under a pilot scheme. But Professor Ma Guoxian, director of the public policy research centre at the Shanghai University ...

  4. The economic folly of imposing price controls

    Posted Jan 19th 2008, 12:00am by Shirley Yam

    ... the uncertain economic outlook. Accordingly, seminars are being organised, which understandably involves a speaker selection process, and the bureaucrats will choose only those with 'moderate' ... 6 per cent for five consecutive weeks, the State Council has banned price increases for petrol, natural gas, electricity, public transport, heating, and sightseeing tickets, as well as tuition ...

  5. Beijing opens public housing to migrants

    Posted Oct 21st 2011, 12:00am

    ... Ed Zhang in Beijing Migrants will be among the beneficiaries of a public housing scheme for low-income groups launched by the Beijing municipal government. It is the first time migrants ... or social welfare. The other two types of subsidised housing- economically affordable housing and fixed-price housing- are also reserved for Beijing residents with hukou. From December 1, both ...

  6. Beijing's level of debt casts doubt on credit rating

    Posted May 15th 2012, 12:00am

    ... on paper. Beijing's investment-led growth model has been deemed unsustainable, and even though it has been trying to rebalance its economic structure, the percentage of investment compared ... period. Colquhoun said he was less concerned with the mainland's near-term economic outlook than other commentators despite data from last month indicating a weakening. Beijing said over ...

  7. Bank rates cut for first time in four years

    Posted Jun 08th 2012, 12:00am

    ... reform. The People's Bank of China cut rates by 25 basis points for 12-month lending and deposit interest rates starting from today to counter a deepening economic slowdown as the euro-zone ... already seen the data, and appear to be very concerned.' The mainland aims to achieve 7.5 per cent economic growth after the economy grew 9.3 per cent last year. The growth fell to 8.1 per ...

  8. Property - Hong Kong & China - MAINLAND

    Mainland property market could see fresh round of regulations

    Posted Aug 15th 2012, 12:00am by Sandy Li

    ... as this month, while another thinks the recent growth in home prices and sales that prompted the inspections was unsustainable as economic growth is slowing. "The central government will release ... the government was caught in a dilemma. "Beijing has to strictly impose austerity measures to prevent property prices from rebounding even though the nation is heading for an economic ...

  9. Beijing slashes tax rates for SMEs

    Posted Sep 19th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Cuts will benefit 4m firms struggling to survive amid rising labour and material costs The mainland has cut corporate tax rates for small and medium-sized enterprises as soaring labour and material costs threaten many of these companies with ...

  10. Land policy to limit size of public squares

    Posted Feb 07th 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing The size of public squares in mainland cities will be limited as the central government moves to further tighten land supply controls this year. 'Land policy ... that will be restricted or prohibited. The updated catalogues were recently approved by the State Council, the official Economic Daily said. The first catalogues were published in 1999. In the new catalogues, ...




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