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  • October 2, 2014
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  1. News - Hong Kong - ECONOMY

    Retailers seek to keep watch sales ticking amid slowdown

    Posted Sep 04th 2014, 03:51am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Hit by crackdowns on graft and extravagance on the mainland, firms look to new strategies to fight decline in luxury sales as fair opens Retailers seek to keep watch sales ticking Concentrating on bigger outlets, looking to the mid-priced market and opening stores away from tourist areas are among the strategies being employed by watch retailers amid ...

    http://www.scmp.com/news/hong-kong/article/1584641/retailers-seek-keep-watch-sales-ticking-amid-slowdown
  2. News - Hong Kong - ECONOMY

    Hong Kong retail sales slump by 3.1pc in July as consumers scrimp on luxury

    Posted Aug 28th 2014, 05:54pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com Takings for last month were down 3.1pc on last year as mainland graft drive continued to bite Retail sales still gloomy despite summer holiday The summer holidays brought no relief for hard-pressed shopkeepers as retail sales declined for the sixth consecutive month- and retailers see no relief in sight until winter. Total sales were down 3.1 per cent ...

    http://www.scmp.com/news/hong-kong/article/1581472/hong-kong-retail-sales-slump-31pc-july-consumers-scrimp-luxury
  3. News - Hong Kong - ECONOMY

    Slide in Hong Kong’s retail sales continues in June with 6.9pc drop

    Posted Jul 31st 2014, 11:36pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com Mainland corruption crackdown blamed for falling demand at Hong Kong's high-end shops Slide in city's retail sales continues with 6.9pc drop The grim performance of Hong Kong's retail sales continued in June, producing the worst first-half showing since 2009. The government's monthly statistics released yesterday showed that sales revenue ...

    http://www.scmp.com/news/hong-kong/article/1563784/slide-citys-retail-sales-continued-june-69pc-drop
  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

    ... Phila Siu phila.siu@scmp.com Poor April figures and troubling external business factors worry financial secretary Fall in retail sales could cost jobs, Tsang says Hong Kong's unemployment rate of 3.1 per cent may go up if retail sales continue to shrink and the external business environment does not improve, Financial Secretary John Tsang Chun-wah warned yesterday. He ...

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

    ADB sees China meeting 2014 GDP target but cuts view on Hong Kong

    Posted Sep 25th 2014, 03:06pm by Victoria Ruan

    ... HK growth rate downgraded as retail weakens The Asian Development Bank slashed the growth forecast for Hong Kong to 2.5 per cent this year from a previous forecast of 3.5 per cent, but expects the mainland will be able to meet this year's growth target, citing the government's ample policy tools. "Hong Kong's retail and tourism is a bit weaker than last year, ...

    http://www.scmp.com/business/economy/article/1600180/adb-sees-china-meeting-2014-gdp-target-cuts-view-hk
  6. Business - Economy - ECONOMY

    Guangdong eyes SOE reform

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

    ... of the people" and "national security". Such restrictions would restrict the scope of the reforms, he said. For industries that lack such sensitivities, such as retail and manufacturing, Lai ... 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 ...

    http://www.scmp.com/business/economy/article/1603492/guangdong-eyes-soe-reform
  7. Business - Economy - ECONOMY

    China's factories pick up pace but credit costs hold back recovery

    Posted Sep 23rd 2014, 10:35am by Victoria Ruan

    ... in the third quarter of this year than in the same period last year. The labour market remained resilient, but retail and real estate were struggling, the New York-based data analytics firm said. CBB ...

    http://www.scmp.com/business/economy/article/1598561/china-factory-activity-edges-employment-shrinks
  8. Business - Economy - ECONOMY

    Weaker mainland China industrial output fuels regional pessimism

    Posted Sep 16th 2014, 03:23am by Victoria Ruan

    ... of the year to 16.5 per cent from 17 per cent in the first seven months, while retail sales growth also cooled a bit. Nomura cut its mainland GDP growth forecast for the third quarter to 7.2 per cent ...

    http://www.scmp.com/business/economy/article/1593498/weaker-mainland-china-industrial-output-fuels-regional-pessimism
  9. Business - Economy - ECONOMY

    US job growth slows to 8-month low

    Posted Sep 06th 2014, 05:37am by Reuters

    ... were revised to show 28,000 fewer jobs created than previously reported, adding to the weaker tone. In addition, manufacturing saw no job growth and retail payrolls fell for the first time ...

    http://www.scmp.com/business/economy/article/1586262/us-job-growth-slows-8-month-low
  10. News - Hong Kong - ECONOMY

    Restaurants serving locals keep up sales amid drop in tourist spending

    Posted Aug 01st 2014, 04:03am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Locals keep restaurants on the boil as tourism cools Restaurants have fared better than high-end retailers amid a reported decline in tourists' spending, an insider in the food and beverage business says. Strong local demand boosted the restaurant sector, saving it from the slide in sales experienced by luxury retail brands amid President Xi ...

    http://www.scmp.com/news/hong-kong/article/1563780/restaurants-serving-locals-keep-sales-amid-drop-tourist-spending

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