Premier Wen Jiabao has vowed to take full and personal responsibility for the harsh measures imposed to cool the economy.
The pledge comes amid growing criticism from local officials and mainland economists.Friday, 23 July, 2004, 12:00am
Hongkong (December 30): Yesterday the two American President Lines vessels President Buchanan and President Harrison commenced unloading cargo as fast as it could be cleared by the combined efforts of the Department of Commerce and Industry, the United States Consul for Economic Affairs in Hongkong, Mr Ralph H. Hunt and the shipping company's management.31 Dec 2000 - 12:00am
Although Thais are celebrating the anniversary of 25 years of democratic rule after the overthrow of the military dictatorship, it is evolution rather than revolution which has proved its strength in their country.15 Oct 1998 - 12:00am
ALBATRONICS (Far East) has blamed the soft landing of European and United States economies and austerity measures imposed in China for an 80.55 per cent profit plunge for the year to March.
The supplier of Sony electronic components has cut its dividend to two cents from six a year earlier, after recording attributable earnings of $10.04 million for the year.21 Aug 1995 - 12:00am
COSMOS Machinery Enterprises has partly blamed China's austerity measures for a 28.7 per cent drop in profit to $13.74 million in the six months to June 30.
Turnover rose 17 per cent to $401.29 million from $342.91 million in the same period last year. Earnings per share were 7.16 cents.30 Sep 1994 - 12:00am
IT is too early to judge the effectiveness of China's current moves to tighten the economy, economists have warned.
The warning followed recent press reports citing Chinese officials as saying that the country was already feeling the effects of the government's austerity measures.23 Aug 1993 - 12:00am
CHINA'S austerity measures will not disturb Yau Lee Holdings' investment and expansion plans on the mainland, says chairman Wong Ip-kuen.
Speaking after the company's annual general meeting yesterday, Mr Wong said its mainland projects were mainly funded from internal resources and would not be affected by the credit-tightening.11 Aug 1993 - 12:00am
HONG Kong manufacturers with production bases in China are generally receptive to the mainland's deflationary policy, the Trade Development Council says.
It said benefits from a more stable yuan, lower production costs and anticipated relief in infrastructure bottlenecks would outweigh any negative impact.3 Aug 1993 - 12:00am