• Tue
  • Dec 23, 2014
  • Updated: 9:12am

Chinese Economy

Global year-end sales sluggish

Consumer electronics, including smartphones and tablets, have been topping year-end shopping lists, while toys and clothes also sold well. Photo: Bloomberg

Year-end sales globally were roughly the same as last year, with the mainland and other emerging markets doing better than the US, Europe and Japan.

Saturday, 29 December, 2012, 4:58am

Non-China deals rise to 18pc of Hong Kong yuan trades

Hong Kong handled 1.93 trillion yuan of trade settlements in the currency in the first nine months, exceeding the total for all of 2011. Photo: AFP

Yuan trades between counterparties based outside China rose to 18 per cent of the deals in the currency settled in Hong Kong.

14 Dec 2012 - 5:33pm

China’s services industries expand more slowly: HSBC

A woman passes a Beijing clothing shop. The latest purchasing managers index from HSBC Holdings and Markit Economics said China’s services industries expanded more slowly in November. Photo: AFP

China’s services industries expanded at a slower pace in November, damping hopes for a faster rebound in the economy after a seven-quarter slowdown.

5 Dec 2012 - 12:01pm

Four 'battlefields' hold the key to China’s future economic success

A view of an illuminated giant flower arrangement on Tiananmen Square before the National Day Holidays in Beijing on September 29, 2012. Photo: EPA

After three decades of rapid growth, China’s economy faces three major problems: it is “unbalanced”, “uncoordinated”, and “unsustainable”.

25 Oct 2012 - 3:58pm 1 comment

How China is changing finer things in life

Illustration: Brian Wang

The rising importance of China in luxury and fashion has taken a new twist. While a recent Bain & Co report found that China is the fastest-growing luxury market in the world, and the Boston Consulting Group showed that China is jockeying to become the largest luxury and fashion market by 2015, recent economic forecasts underscore a slowing Chinese economy.

22 Jan 2013 - 2:49pm

Lack of reform will hobble mainland growth, says economist

A construction worker walks past a billboard in Shanghai. Ratings agencies have trimmed expectations for the economy. Photo: AFP

The mainland was unlikely to see strong growth in the future without structural reforms, said Tao Dong, an economist at Credit Suisse.

29 Sep 2012 - 3:14am

Economic war with Japan won't serve China's interests

A Chinese demonstrator holds up protest leaflets, which read "Defend our Diaoyu islands" (left) and " Boycott Japanese products".

In recent years, whenever China's relations with another country took a turn for the worse, calls for a boycott of that country's products would ring out. So it has been with the Diaoyu Islands dispute.

27 Sep 2012 - 9:26am

Mainland share market falls to lowest level in 3-1/2 years

Mainland stocks fell to their lowest close in three-and-a-half years yesterday, as skittish investors lost confidence in the economy and the market.

21 Sep 2012 - 2:54am

China's manufacturing activity shrinks for 11th consecutive month

The State Council has pledged to boost infrastructure projects to drive investment. Photo: Xinhua

Manufacturing activity on the mainland shrank for the 11th consecutive month this month, a survey showed yesterday. The fall was but less steep than last month, when the contraction was the sharpest in nine months,

21 Sep 2012 - 2:53am

Tougher economic times halve mainland banks' profit growth

Profit growth at the top 10 listed mainland banks halved in the first six months compared with a year earlier, highlighting tougher operating conditions as lending profitability and fee income shrank in a weaker economy.

21 Sep 2012 - 2:46am

Commodities prices reaching the end of a bumper run

A worker inspects copper wire at a warehouse in Bor, Serbia. Some analysts forecast an end to big gains in commodities. Photo: Bloomberg

The biggest advances in commodities this year may be over because of mounting concern that policymakers are not doing enough to bolster economic growth at a time when producers are expanding supply.

21 Sep 2012 - 2:46am

The real extent of China's economic hard landing

The real extent of China's economic hard landing

The cynical explanation for the rash of anti-Japanese demonstrations that spread across China this week is that Beijing encouraged the protests, or at least allowed them to go ahead, in order to take people's minds off what is going on at home.

23 Sep 2012 - 8:03am 5 comments

Mainland provinces plan building spree to counter economic slowdown

The mainland has accumulated a huge amount of debt in its spending on infrastructure projects such as this bridge. Photo: Xinhua

Hubei, Henan, Jiangsu, Gansu and Anhui provinces will spend 400 billion yuan (HK$491.3 billion) on infrastructure projects in the next few years, mostly on roads.

21 Sep 2012 - 4:35am

More setbacks likely for rebound in China's trade growth

Ministry spokesman Shen Danyang

The Ministry of Commerce warned yesterday that external demand might cool further in the months ahead, making it more difficult for Beijing to meet its goal of expanding imports and exports by 10 per cent this year.

20 Sep 2012 - 2:02am

Brighter days ahead for China's economy

Brighter days ahead for China's economy

The Chinese economy is in decline, the stock market remains in a downturn, the property market faces strict macro controls, and the purchasing managers' index for August has fallen to a new nine-month low, all of which is causing widespread concern. Many people at home and abroad have started to worry about China's economic prospects.

17 Sep 2012 - 2:35am 5 comments