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  • October 1, 2014
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  1. Business - Economy - ECONOMY

    Guangdong eyes SOE reform

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

    ... listed in Hong Kong," he said, referring to the e-commerce giant that floated its shares in New York this month. "But it shows us that this is a place with regulations. On the mainland, ... if the Guangdong government is willing to sell out stakes of its state-owned enterprises, it would take time to identify the right buyers and to close the deals. The buyers, including those foreign ...

  2. News - China - ECONOMY

    Guangdong farmers wait for the bulldozers amid ambitious new-town plans

    Posted Sep 12th 2014, 05:52am by He Huifeng

    ... the municipal government announced that the whole village- plus the 45-square-kilometre area surrounding it- was going to disappear. The land will be expropriated and developed into a new central area for Qingyuan, a city about 60km from Guangzhou. Government officials say the new town planned for Qingyuan, which will be built at a cost of 30 billion yuan (about HK$38 billion), will provide homes ...

  3. Business - Economy - ECONOMY

    China trade surplus hits new high, but exports to Hong Kong fall

    Posted Sep 08th 2014, 11:22am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com China trade surplus hits new high China's trade surplus hit a record high last month to beat forecasts as exports to major trading partners grew sharply, ... renewed pressure to appreciate as the nation's trade surplus hit an all-time high last month. The nation's trade growth pattern- what it sends abroad outpaces what it buys from the rest ...

  4. Business - Economy - ECONOMY

    Australia worries about two housing markets: its own and China's

    Posted Oct 01st 2014, 04:18am by Reuters

    ... new credit created in recent years had come from outside the regulated sector. "Concerns about asset quality in China have been heightened by softening conditions in the residential ... for Australia," Bloxham said. There is some irony, given that the Reserve Bank at the same time announced it was considering tightening lending standards to restrain speculative spirits in the domestic ...

  5. 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 ... this month from a final reading in August of 50.2, with new domestic and export orders climbing at a faster rate, despite weakening signs in the job market. Economists in a Reuters poll had predicted ...

  6. Business - China Business - ECONOMY

    State subsidies report casts doubt on fair business practices in China

    Posted Sep 23rd 2014, 05:18am by Eric Ng, VICTORIA RUAN AND SIJIA JIANG

    ... a long-time practice," said Gary Liu, executive deputy director at Shanghai-based CEIBS Lujiazui Institute of International Finance. "If those subsidies are removed, many businesses would ...

  7. News - China - ECONOMY

    Li Keqiang leaves world business leaders disappointed at Tianjin economic forum

    Posted Sep 10th 2014, 11:40pm by Victoria Ruan

    ... Victoria Ruan in Tianjin victoria.ruan@scmp.com Premier fails to outline new initiatives to speed up economic growth in keynote address at Tianjin forum, despite clear signs of slowdown Li ... by failing to offer any new ideas for dealing with a deepening property market slowdown or tackling funding bottlenecks for businesses. Many participants left the conference room halfway through ...

  8. Business - Economy - ECONOMY

    Weaker mainland China industrial output fuels regional pessimism

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

    ... below 90 US cents for the first time since March, while the yuan also weakened. Premier Li Keqiang said at the World Economic Forum in Tianjin last week that he would continue to favour targeted ...

  9. Business - Economy - ECONOMY

    China credit fluctuation stirs policy uncertainty

    Posted Sep 12th 2014, 12:15pm by Victoria Ruan

    ... a dilemma that Li is facing in tackling the weak demand. Li has made clear his reluctance to flood the market with liquidity for fear of fuelling new bubbles and hurting the progress in economic ... from the near six-year low of 273.1 billion yuan in July, central bank data showed. It still trailed the median forecast of 1.135 trillion yuan in a Bloomberg survey of economists. New yuan ...

  10. 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 since February. Economists had expected payrolls to rise 225,000 last month. The surprise slowdown in job growth is at odds with labour market indicators such as first-time applications ...




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