Chinese Economy | South China Morning Post
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  • Mar 27, 2015
  • Updated: 7:57pm

Chinese Economy

Foreign passports play role in slowing growth in the ranks of China's rich

Rich mainlanders keep emigrating and acquiring new nationalities.

The mainland is home to wealth creation miracles, yet the number of ultra-wealthy individuals there is growing at a much slower pace than the global average because rich mainlanders keep emigrating and acquiring new nationalities.

Thursday, 20 November, 2014, 3:59pm

China outward investment loses momentum

China has seen a gradual decline in its manufacturing competitiveness as labour costs are on the rise compared with other emerging nations such as Vietnam and Brazil, dimming its appeal to foreign investors. Photo: Bloomberg

Chinese companies invested less overseas last month than in October last year, reversing sharp year-on-year rises seen earlier this year, due to a high comparison base with the same month last year.

19 Nov 2014 - 10:02am 1 comment

Worries over PBOC's ambitious bid to liberalise deposit rates

Wary of a slowdown, the central government has sought to boost investment levels to stimulate economic growth. Photo: Bloomberg

The mainland's reform-minded central bankers may have been hasty earlier this year when they set a two-year timeline for liberalising deposit rates.

14 Nov 2014 - 10:38am

Beijing urged to cut economic growth targets

China spruces up for Apec meeting as economic activity in world's second largest economy cooled in October. Photo: AP

Economists at two top mainland think tanks are calling on the government to cut its growth target for next year to about 7 per cent as a raft of economic data points to further weakening.

14 Nov 2014 - 9:59am

China's regional economies diverge as slowdown continues

China's regional economies diverge as slowdown continues

From China bears such as Lawrence Summers to bulls including Lloyd Blankfein, there's agreement the world's second-largest economy is slowing. But while that's true nationally, some regions are doing increasingly better than others.

11 Nov 2014 - 7:36am

Low inflation boosts stimulus hopes in China

The mainland's annual consumer inflation stayed near a five-year low in October, further evidence of an economic slowdown. Photo: Reuters

The mainland's annual consumer inflation remained near a five-year low in October at 1.6 per cent, further evidence that the economy is cooling and reinforcing expectations that authorities will roll out more measures to support growth.

11 Nov 2014 - 5:33am

China's growth in exports and imports slows, adding to signs of fragility

Growth in trade slows, adding to signs of fragility

Annual growth in China's exports and imports slowed in October, reinforcing signs of fragility in the world's second-largest economy that could prompt policymakers to roll out more stimulus measures.

9 Nov 2014 - 5:26am 15 comments

People's Bank of China warns of rising economic risks as it pledges to fine-tune policies

The People's Bank of China used a new instrument called a medium-term lending facility for liquidity injection in the past two months to lower borrowing costs.

The People's Bank of China has warned that downside risks in the mainland economy may intensify, while adding that it would use flexible tools to maintain proper liquidity and credit growth.

7 Nov 2014 - 3:35pm 10 comments

Guangxi offers cash to encourage investments

Guangxi's growth in the first nine months was 8.3 per cent.

Guangxi province is offering a cash payment to companies that invest money raised abroad locally as it seeks to meet its annual growth target without taking on new debt itself, officials familiar with the matter said.

6 Nov 2014 - 6:08am

Signs of slowdown in China point to more easing

There are signs that the mainland economy is losing further momentum heading into the fourth quarter as a cooling property market weighs on activity. Photo: Bloomberg

Growth in the mainland's services sector weakened further last month as new business cooled, reinforcing signs of a gradual slowdown in the economy that could prod the government to unveil fresh stimulus measures.

6 Nov 2014 - 5:49am

More signs of mainland growth momentum slowing

The mainland economy is having a weak start to the fourth quarter, with the latest indicators pointing to cooling demand. Photo: AP

The mainland economy lost further momentum heading into the fourth quarter as a cooling property market weighed on activity and export demand softened, surveys showed, putting Beijing's official growth target for the year at even greater risk.

5 Nov 2014 - 8:28am 8 comments

China GDP forecast to hit 24-year low of 7.4pc

The economists said expansion for all of this year was likely to cool to 7.4 per cent, the slowest pace since 1990.

With the mainland's economic growth likely to sink this year to its slowest pace in 24 years, economists expect Beijing to cut next year's growth target to 7 per cent.

3 Nov 2014 - 4:59am

China's economic metamorphosis is incomplete

Total Chinese debt is 251 per cent of gross domestic product at the end of June

I am a second-generation immigrant. My daughters speak Putonghua - one serves a small non-governmental organisation in Beijing. It is absolutely in my interest for the Chinese economy to do well.

31 Oct 2014 - 6:05am 1 comment

World Bank urges Beijing to phase out hard economic targets

The World Bank wants to see more reforms in China's labour market, saying that reforms on a number of fronts can boost the country's economic growth potential. Photo: Reuters

Beijing should phase out hard economic targets to focus more on tackling its key structural reform challenges over the next few years, the World Bank said yesterday as it released its China economic update.

30 Oct 2014 - 4:51am

Time to put economy to new reform index test

Premier Li Keqiang says GDP is within a reasonable range.

Last Tuesday, the mainland reported that its economy grew at its slowest pace in more than five years. The third-quarter result of 7.3 per cent raised new concerns over the country's economic prospects..

27 Oct 2014 - 7:07am