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  • October 2, 2014
  • Last updated: 5:02am
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  1. Business - Comment - MONITOR

    Hong Kong needs a fresh policy on water before the taps run dry

    Posted Jan 09th 2014, 12:15am by Tom Holland

    ... the taps run dry This year the Hong Kong government will renegotiate the agreement under which the city gets 80 per cent of its fresh water from the Dongjiang, or East River, in Guangdong province. ... or Barcelona. New Yorkers, for example, are charged seven times as much for their water supplies Unfortunately, we will not be able to go on splashing out like this. Our taps will go on running for now, ...

  2. Business - Comment - MONITOR

    China's urbanisation push runs into trouble before its start

    Posted Aug 14th 2013, 12:00am by Tom Holland

    ... Tom Holland It could backfire spectacularly if new urban residents are left deprived of their former ability to make a living from the land Urbanisation policy runs into trouble even before its launch Li Keqiang's flagship economic policy is running into problems even before its official launch. Although the Chinese premier's urbanisation plans will not be rolled ...

  3. Business - Comment - MONITOR

    After nine years, it's time to leave the stage

    Posted Mar 06th 2014, 12:25am by Tom Holland

    ... were getting increasingly resentful at the way closed business cartels, often run by property tycoons, were exerting their control over almost every sector of the city's economy. Today, ...

  4. Business - Comment - MONITOR

    Fiscal report based on lunatic projection of capital spending

    Posted Mar 04th 2014, 05:09am by Tom Holland

    ... budget. With only a modest increase in per capita spending on health and welfare, the report warns that by 2041 the city would have run up monstrous debts of HK$3 trillion. This is indeed a scary ...

  5. Business - Comment - MONITOR

    George Osborne is wrong about China and the yuan

    Posted Feb 21st 2014, 12:24am by Tom Holland

    ... interest rates is likely to narrow. That will reduce the incentives for international businesses to deal in and hold the yuan. What's more, because China runs a trade surplus, attempting ... it, China would have to run a sizeable trade deficit, much as the United States does today. That doesn't look probable in the foreseeable future. As National Development and Reform ...

  6. Business - Comment - MONITOR

    A nice idea Mr Yam, but it will be a long time before it can fly

    Posted Feb 19th 2014, 01:27am by Tom Holland

    ... it's cheap. China runs a sizeable trade surplus with the rest of the world. It also welcomes inward investment while imposing strict controls on capital outflows. As a result, ...

  7. Business - Comment - MONITOR

    Even an export rebound won't do much to lift China growth

    Posted Feb 13th 2014, 01:07am by Tom Holland

    ... with January 2013. Most forecasters had expected them to be flat. [The developed markets] are not going to grow as quickly as in the years running up to 2007 What's more, it was difficult to blame ... as quickly as they did in the years running up to 2007. On top of that, as Goldman Sachs chief Asia economist Andrew Tilton explains, mainland exporters are no longer gaining market share. Much ...

  8. Business - Economy - MONITOR

    To continue growing, China will have to work a lot smarter

    Posted Feb 07th 2014, 05:17am by Tom Holland

    ... It's in the maths, they insist. To get an idea who is closer to the truth, it helps to borrow an old analogy. If you run a sausage factory, there are three ways you can increase your output ...

  9. Business - Money - MONITOR

    No need to panic over slide in stock markets

    Posted Feb 05th 2014, 05:37am by Tom Holland

    ... to continue "tapering" its programme of quantitative easing. Tapering foreshadows tighter monetary conditions, runs the proffered explanation, so investors are pulling their money out ... single-handed. However, it is hardly news that China's economy is slowing, and it should be no surprise that factory production slowed in the run-up to China's extended Lunar New Year holiday. ...

  10. Business - Comment - MONITOR

    To think clearly, our officials should stand on their heads

    Posted Jan 20th 2014, 12:15am by Tom Holland

    ... Tom Holland Like the trams, financial chief John Tsang and his advisers' thought processes run along same old lines; they should apply inverse thinking To think clearly, our officials ... their thought processes run only along the same old lines. They appear incapable of taking a new direction. This inflexibility of mind severely constrains their problem-solving abilities. In particular, ...




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