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  • July 26, 2014
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  1. 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 ...

  2. Business - Economy - ECONOMY

    No Christmas cheer for Hong Kong's retailers as they reveal lower-than-expected sales growth

    Posted Feb 05th 2014, 05:37am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Growth of 5.7 per cent during the festive season highlights stiff competition for the mainland tourist dollar No Christmas cheer for city's retailers Hong Kong's retail sales grew just 5.7 per cent year on year in December, an especially poor performance for the peak Christmas shopping period. "It's very rarely this bad. ...

  3. Business - Economy - ECONOMY

    US jobless claims show surprise increase in week

    Posted Jun 13th 2014, 05:57am by Reuters

    ... week. Retail sales rose less than expected last month, but that probably will do little to change expectations of an acceleration in growth this quarter as data for the previous months was revised higher. The commerce department said retail sales, which account for a third of consumer spending, gained 0.3 per cent after a revised 0.5 per cent jump in April. Economists had forecast ...

  4. 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

    ... Denise Tsang and Amy Nip Hawker hoping against hope falling rents will see her back in business Luxury slump little joy for little folk The slump in Hong Kong's luxury retail sector ... store in Causeway Bay that she rented for 12 years, betting the retail downturn will drive down sky-high rents. "The lease of the store has changed hands three times, which tells you how ...

  5. Business - Economy - ECONOMY

    Worst may be over for China economy as stimulus kicks in

    Posted Jun 14th 2014, 04:21am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Weakness in property offset by strong infrastructure investment and more robust retail sales, indicating initial success in policy ... by strong infrastructure investment, which climbed 25 per cent in the first five months from a year earlier, accelerating from a 22.8 per cent increase from January to April. Retail sales also ...

  6. Comment - Insight & Opinion - ECONOMY

    Why economic stimulus no longer works for China

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

    ... economic improvement. But mainland economic data is not nearly accurate enough to render the very slight upticks in industrial production, retail sales and other indicators at all meaningful. ...

  7. Business - Economy - ECONOMY

    Data gives mixed picture of China's economy

    Posted Jun 24th 2014, 05:58am by Victoria Ruan

    ... the report said other sectors such as transport, mining, retail and services all weakened. "What stands out is weakness- perhaps unprecedented weakness- in capital expenditure," Leland R. ...

  8. 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

    ... industries such as retail and hospitality, which provided more than 220,000 jobs, many of them unskilled, and accounted for 6 per cent of the workforce. Chief Executive Leung Chun-ying recently ...

  9. Business - Economy - ECONOMY

    Retail sales in June increase 14.7pc

    Posted Aug 02nd 2013, 12:00am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Spending on luxury items by mainland tourists and locals lifts year-on-year take to HK$39.9b Retail sales in June increase 14.7pc Strong inbound tourism and steady spending by local consumers delivered double-digit year-on-year growth in retail sales in June, according to the latest figures from the Census and Statistics Department. The value ...

  10. Business - Economy - ECONOMY

    US retail sales miss market target

    Posted Jul 16th 2013, 12:00am by Reuters

    ... Reuters in Washington June data shows slower 0.4 per cent growth, upsetting Fed's plan to trim stimulus measures US retail sales miss market target Retail sales in the United States ... recovery remains gradual Annalisa Piazza, a senior economist at Newedge Strategy Retail sales rose 0.4 per cent last month, lifted by demand for cars and higher petrol prices. However, sales ...




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