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  • April 17, 2014
  • Last updated: 12:55pm
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  1. Business - Economy - ECONOMY

    China central bank move on yuan a sign of caution, not reform zeal

    Posted Mar 24th 2014, 04:45am by Reuters

    ... Reuters in Beijing Central bank path seen as least risky and also offers a way to hedge against further slowdown PBOC move on yuan a sign of caution, not reform zeal Paradoxical as it may sound, China's move to give the yuan more wiggle room is a sign of caution and deepening concern about the slowing economy rather than a promise of Beijing's vigorous pursuit of market ...

  2. Business - Economy - ECONOMY

    Reform drive faces slowdown test

    Posted Apr 14th 2014, 05:07am by Victoria Ruan

    ... was an unexpected year-on-year slump in imports and exports last month, after authorities cracked down on hot money inflows through inflated trade invoices amid yuan appreciation expectations. Economists ... Securities He said the trend of foreign capital flows and how far property prices might fall were still unclear. The People's Bank of China has guided the yuan lower in the past months, curbing ...

  3. Business - Economy - ECONOMY

    Beijing moves to stimulate economy with tax cuts, rail projects

    Posted Apr 03rd 2014, 05:16am by Reuters

    ... The railway investment would be partly financed by bank loans, the State Council said. The authorities will also create an annual fund of 200 billion yuan (HK$250 billion) to 300 billion yuan each year that will be open to private investors. For this year, the central government will sell 150 billion yuan of bonds to pay for more than 6,600 kilometres of new railway track. ...

  4. Business - Economy - ECONOMY

    China economic growth to slow with investments, says ADB

    Posted Apr 02nd 2014, 05:45am by Victoria Ruan

    ... slows, but the yuan may still rise in the medium to long term, says the Asian Development Bank. "[Investment growth] will likely decelerate as the government tries to rein in high credit ... cent last year, the bank said. Jurgen Conrad, the head of the economics unit at ADB, however, said he believed the yuan's recent downward trend would not last long. The yuan fell 2.7 per ...

  5. Business - Economy - ECONOMY

    Beijing's mini-stimulus fails to excite market

    Posted Apr 04th 2014, 01:14am by Victoria Ruan

    ... said. Even the railway construction plan was a bit of a dampener as the planned investment was trimmed to 630 billion yuan (HK$792 billion) this year from 650 billion yuan last year, although ... to establish a fund with an annual size of 200 billion to 300 billion yuan, and issue 150 billion yuan worth of bonds to support railway construction, while China Development Bank is authorised to set ...

  6. Business - Economy - ECONOMY

    Why a recession would be good for China

    Posted Jan 24th 2014, 10:51am by JOE ZHANG

    ... Joe Zhang To stem the ills from rapid growth, Beijing should raise utility tariffs, credit costs and the yuan's exchange rate The case for slowdown China’s economic growth slowed ... citizenry. The sooner the economy slows on the back of higher utilities tariffs, higher interest rates and a higher exchange rate for the yuan, the better it will be for the country. A sharp slowdown ...

  7. Business - Economy - ECONOMY

    Private sector wary of Beijing's plan for 'mixed economy'

    Posted Mar 17th 2014, 02:28am by Eric Ng

    ... of how the plan is to be executed have yet to be released. "This idea of mixed state and private economy is a case of putting new wine in an old bottle," Sanpower Group chairman Yuan ... play a 'decisive' role in the economy won't be executed properly." Mixed state and private economy [idea] is a case of putting new wine in an old bottle Yuan Yafei, ...

  8. News - China - ECONOMY

    US Fed comments causing anxiety, says finance deputy Zhu Guangyao

    Posted Mar 23rd 2014, 05:20am by Kwong Man-ki

    ... mentioning Ukraine in particular. At the same forum, Wu Xiaoling, deputy director of the National People's Congress' finance and economy committee, said the yuan could play a bigger role ...

  9. News - Business - ECONOMY

    China takes big step towards fully convertible yuan

    Posted May 07th 2013, 12:00am by DANIEL REN AND VICTORIA RUAN

    ... Daniel Ren in Shanghai and Victoria Ruan in Beijing State Council says it is preparing plan for internationalised currency Big step taken towards fully convertible yuan In a move towards internationalising the yuan, the State Council said yesterday it will unveil an operational plan this year to make the currency fully convertible under capital accounts. The plan is likely to include ...

  10. Business - Economy - ECONOMY

    Small firms feel pinch from Beijing's anti-corruption drive

    Posted Mar 04th 2014, 05:09am by Bloomberg

    ... saw the 116 billion yuan (HK$147 billion) luxury market grow at the slowest pace this millennium, Bain & Co said. Not everyone has been hurt- Coach, whose bags are cheaper than those at Gucci stores, saw mainland sales rise at least 25 per cent in the last three months of 2013. Hong Kong-based Halewinner, which sells watches ranging from 8,000 yuan Tissots to 150,000 yuan ...




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