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  • October 22, 2014
  • Last updated: 11:24pm
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  1. Business - Economy - ECONOMY

    China’s services growth drops to 8-month low as orders drop

    Posted Oct 03rd 2014, 12:18pm by Reuters

    ... Reuters in Beijing Doubts rise over the effectiveness of the latest measures to shore up the property market Mainland services growth slows as new orders drop The mainland's services sector grew at its slowest pace in eight months after new orders shrank for the first time since the 2008 global financial crisis, a survey showed yesterday, exposing more weakness ...

  2. Business - Economy - ECONOMY

    South Africa enlists Bank of China to help pull in Chinese investment

    Posted Oct 21st 2014, 05:08am by Toh Han Shih

    ... in South Africa remains high. It is important that we promote a more labour-absorbing industrialisation with a particular emphasis on labour-intensive goods and services. South Africa needs ...

  3. News - China - ECONOMY

    China’s top economic adviser focuses on growth and restructuring during trip to Jiangsu province

    Posted Oct 15th 2014, 02:39pm by MANDY ZUO

    ... to the service industry, said Cao. The government is also simplifying administrative approval procedures and reforming state-owned enterprises, with the recent cut in top executive salaries and changes ... He added that the four things the government needs to focus on are growth in income, which increases faster than the gross domestic product, expansion of the service industry, progress ...

  4. Property - International - ECONOMY

    Hong Kong investors to turn Cadbury's Birmingham HQ into flats

    Posted Oct 11th 2014, 03:18am by JING YANG

    ... Jing Yang jing.yang@scmp.com HK investors to turn Cadbury HQ into flats It was once the headquarters of the Cadbury confectionery company in England, the place where the famous Milk Tray brand of chocolates, among others, was said to have been invented. Now a consortium of Hong Kong and Macau investors is investing £16m (HK$199 million) to turn into an apartment complex. Hong ...

  5. Business - Economy - ECONOMY

    Hong Kong urged to bolster trade and logistics sector

    Posted Oct 03rd 2014, 10:56am by JING YANG

    ... in a paper submitted recently to Chief Executive Leung Chun-ying and the bureau. The chamber's concerns are backed up by CBRE Industrial & Logistics Services, which says Hong Kong has run ... below 4 per cent, effectively full occupancy conditions exist," said Darren Benson, an executive director of CBRE Industrial & Logistics Services. In the 2009 chief executive policy ...

  6. Business - Economy - ECONOMY

    China central bank sees role for shadow banking

    Posted Sep 27th 2014, 05:33am by Victoria Ruan

    ... control risks in shadow banking while still enhancing financial services to the weakest sectors in the real economy, People's Bank of China deputy governor Hu Xiaolian told the International ... financial services for the weak areas in the society, such as small firms." As mainland banks tend to favour lending to big state-owned clients with implicit government guarantees, ...

  7. Business - Economy - ECONOMY

    Guangdong eyes SOE reform

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

    ... and, most importantly, cheaper capital. The sectors that should see the most immediate effect should be technology, biotechnology and financial services." McGonegal said SOE reform may be a catalyst for expansion at some state firms. "Look at what Alibaba and Tencent have done in the financial service arena. What if their financial services business were combined ...

  8. Business - Economy - ECONOMY

    Property market cool-down drives HSBC China services PMI to lowest level ever

    Posted Aug 05th 2014, 10:09am by Reuters

    ... Reuters in Beijing Mainland services PMI from HSBC/Markit falls to near 9-year low last month, reflecting strains in key sector and keeping spotlight on stimulus Property downturn puts clamp on services growth Growth in the mainland's services sector slowed sharply last month to its lowest level in nearly nine years, a private-sector survey showed yesterday, indicating ...

  9. Business - Economy - ECONOMY

    China’s July official services PMI dips to six-month low

    Posted Aug 03rd 2014, 02:23pm by Reuters

    ... Reuters in Beijing PMI figures dip to six-month low as new orders slow last month Mainland services growth weakens Growth in the mainland's services sector slipped to a six-month low ... January. A reading above 50 in PMI surveys indicates an expansion in activity while one below the threshold points to a contraction. The slight retreat in the services sector came at a time when ...

  10. News - China - ECONOMY

    Premier Li Keqiang points to six barriers to rural progress

    Posted Sep 23rd 2014, 03:16am by MANDY ZUO

    ... hardships Poor roads, water and electricity supplies and medical services are just some of the factors holding back the country's vast rural areas, Premier Li Keqiang said in a rare, direct ... could not provide basic services to their communities. "Despite the growth of the economy as a whole, many local governments are poor and therefore unable to provide basic infrastructure ...




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