Consumer Spending

Chinese shoppers ready to go out and spend more

23 May 2013

Optimism about job prospects and personal financial status helped keep confidence high among mainland consumers, who showed a greater willingness to spend in the first quarter, a survey has found...

4:45AM

Impact of Beijing's anti-sleaze campaign wildly exaggerated

23 May 2013

Over the past couple of months, the media have been full of articles about how Beijing's latest anti-corruption campaign has dented consumer demand and even contributed to the slowdown in the...

4:27AM

Racking up miles on plastic

20 May 2013

Air miles are a big part of credit card incentive schemes. People get points for spending, and if they manage their spending and pay their credit card bills each month, they can score a free trip...

6:31PM

Japan records 3.5pc growth in first quarter

16 May 2013

Japan's economy expanded the most in a year in the past quarter as consumer spending and export gains outweighed the weakest business investment since the wake of the March 2011 earthquake and...

2:48AM

HKMA chief's household debt fears overblown

7 May 2013

Let's look at some specifics here; for instance, that bit about rampant consumer spending, which so concerns Norman Chan Tak-lam, the chief executive of the Hong Kong Monetary Authority.

3:56AM

5 comments

Why the HKMA should fret over consumer debt

7 May 2013

Only last week my esteemed colleague Jake van der Kamp was complaining that there is altogether too much consensus among the Business Post's columnists. Commentators are not meant to be a...

7:45AM

7 comments

Opinion

Howard Winn

Ferry companies shouldn't be subsidised while they burn dirty fuel

2:53AM

Shirley Yam

What were our top officials doing to let HKMEx fail?

5 comments

3:37AM

World's economies need US budget compromise

Barring a breakthrough like "grand bargains" of the past, Washington will implement US$85 billion in spending cuts by September and US$1.2 trillion in cuts over the next 10 years. Economists say...

3:27AM

Mainland Lunar New Year spending up 15 per cent

Ministry of Commerce figures show spending of 539 billion yuan (HK$665 billion) for the holiday period. Sales of groceries were up nearly 10 per cent, jewellery sales rose 38 per cent and garment...

5:38AM

Business Digest, February 1, 2013

German carmaker Daimler is planning to buy a 10-20 per cent stake in the passenger car unit of its Chinese partner BAIC Group.

5:22AM

CHINA

City migrants help boost rural incomes

Rural per capita net income rose 10.7 per cent, against a 9.6 per cent increase for urban dwellers, partly because of the rise in migrant labourers and their wages, the National Bureau of...

5:20AM

ECONOMY

British economic growth revised down to 0.9pc in third quarter

Britain's economy grew by a worse than expected 0.9 per cent in the third quarter, downwardly revised data showed yesterday, sparking fresh speculation over a possible "triple dip" recession,...

2:36AM

RETAIL

Chinese shoppers 'biggest spenders on luxury goods'

Chinese shoppers this year emerged as the biggest spenders in the global luxury market, thanks largely to their sprees in Europe and the United States.

3:34AM