Celtic Tiger

Growth forecast unchanged

Hong Kong's near-term economic fortunes will depend on how the euro-zone debt crisis is resolved, Financial Secretary John Tsang Chun-wah said yesterday.

Wednesday, 11 July, 2012, 12:00am

Pressure for more stimulus measures

Slowing inflation and disappointing industrial output and retail sales growth last month offered fresh evidence that demand on the mainland is dropping - and put pressure on policymakers for further monetary easing and economic stimulus.

10 Jun 2012 - 12:00am

Two wrongs don't make a right line

Hong Kong registered its lowest rate of economic growth in more than two years in the first quarter, with a slowdown on the mainland having a knock-on effect.

SCMP, May 12

Maybe this town is changing but it certainly didn't feel to me like three months in which the economy grew by only 0.4 per cent year over year.

15 May 2012 - 12:00am

Tourism and building to power HK jobs growth

Tourism and construction will lead a surge in the number of workers in the next six years, a government manpower projection has predicted.

It said the sectors would power an almost 10 per cent increase in Hong Kong's workforce to 3.6 million in 2018, from 3.28 million two years ago.

10 Feb 2012 - 12:00am

Growth slows, but a crash is less likely

The mainland's gross domestic product (GDP) growth fell to a two-and-a-half year low in the three months to December as efforts to tame inflation and declining export demand put the brakes on the world's second-biggest economy.

Even so, GDP grew 8.9 per cent, beating market expectations and suggesting the economy is heading for a soft landing.

18 Jan 2012 - 12:00am

Mainland home prices to fall 'by up to 30pc'

Mainland home prices will fall by up to 30 per cent in the coming year because of the government's austerity measures, according to economists at Barclays Capital.

9 Nov 2011 - 12:00am

Spending on food falls but mainlanders keep HK hot

Hongkongers spent less on fresh and frozen food in September as prices soared for fish, livestock and poultry. But expensive goods like electronics and jewellery were still hot items among mainland tourists.

2 Nov 2011 - 12:00am

No major panic as growth slows

The mainland economy grew at its slowest pace in two years in the third quarter amid the ongoing global economic turbulence, but economists say there is unlikely to be any easing of tight monetary policies.

19 Oct 2011 - 12:00am

GDP growth slows on global uncertainty

Hong Kong's economic output grew 5.1 per cent year on year between April and June, and the government maintained its forecast for it to grow by 5 to 6 per cent this year. Still, it is concerned that problems elsewhere continue to put the global economy at risk.

13 Aug 2011 - 12:00am

Profits at industrial firms increase 119.7pc

Profit at mainland industrial companies skyrocketed 119.7 per cent in the first two months of this year, powered by the economic recovery.

However, some economists are questioning whether the growth is sustainable.

27 Mar 2010 - 12:00am

Rising prices eat into incomes

Urban residents saw growth in their incomes and consumption slow abruptly in the first quarter.

Rising prices also eroded much of their gains and a slowing economy and bearish stock market curtailed spending.

26 Apr 2008 - 12:00am

US slump to test mainland resilience

The mainland may have emerged relatively unscathed from the global liquidity crunch that began in August but economists warn that situation may not last.

In a dire picture overseas, two German banks have received bailouts, Britain has witnessed its first bank run since the 19th century and Citigroup revealed earnings slid about 60 per cent in the third quarter.

3 Oct 2007 - 12:00am

Economy rebounds from slowdown

Two government-backed think-tanks have raised economic growth forecasts, confirming that the world's fourth-largest economy has rebounded from a brief slowdown.

31 Mar 2007 - 12:00am

Next year should be good but economic old age is approaching

OVER THE SHORT TERM, Hong Kong's economic prospects are in robust health. In the longer run, however, the territory will face increasingly strong headwinds.

27 Dec 2006 - 12:00am

Economists flag faster growth

US seen slowing advance later this year, but local demand is forecast to lift GDP

Economists are optimistic Hong Kong's gross domestic product will grow at least 6 per cent this year, but expect the government to maintain its forecast of 4 per cent to 5 per cent growth due to concerns about a slowdown in the second half.

17 Aug 2006 - 12:00am