Domestic consumption

Beijing must make fighting pollution its priority

Smog shrouds streets and buildings in Beijing. Photo: Xinhua

Market observers were quick to draw a connection between Beijing's announcement of record spending and a prompt surge in the Dow Jones Industrial Average to a new peak. That shows how much the global economy looks to China for growth amid Europe's debt woes and a weak recovery in the US. 

Monday, 11 March, 2013, 3:16am 1 comment

FDI extends fall in China

The mainland's exports and imports in January showed a combined increase of 26.7 per cent from a year earlier. Photo: Reuters

Investment coming into the mainland dropped 7.3 per cent last month to US$9.27 billion from a year earlier, dragged down by a 14 per cent decline in property investment, the Ministry of Commerce said yesterday. FDI fell 3.7 per cent last year.

21 Feb 2013 - 6:07am

The people must be encouraged to shop at home

Mainland visitors shop at luxury retailers in Tsim Sha Tsui. Photo: Nora Tam

Millions of noisy mainlanders headed home after the Lunar New Year break laden with suitcases that bulged with goods ranging from cans of milk powder to luxury leather bags, delivering bumper sales for retailers and hoteliers from Hong Kong to New York to Sydney. Not everyone was happy about the influx of the mainland tourists, though.

18 Feb 2013 - 5:34am 1 comment

Manufacturing remains key to China's economic transformation

Manufacturing remains key to China's economic transformation

China's economy is at a crossroads. Foreign and domestic observers alike are asking which path the country's economic development should take in the next decade. How can China ensure stable and sustainable growth in the face of significant internal and external challenges, including slowing medium- and long-term growth, rising labour costs and growing inflationary pressure?

26 Jan 2013 - 2:43am

New hubs to cushion exodus from Pearl River Delta

Some manufacturing, such as textiles, is leaving the mainland, but most are moving inland for tax breaks and cheap land. Photo: AFP

An exodus of factories from the Pearl River Delta has led some to question whether China can remain the so-called factory of the world, but even if the delta loses its pre-eminent status, the mainland will remain a manufacturing powerhouse, thanks to the rise of new manufacturing bases in interior provinces, analysts say.

14 Jan 2013 - 3:01am

Business intelligence centre sees prospects in mainland commercial sector

A display poster promoting fashion products at a shopping centre in Beijing. The mainland is moving towards a consumption-driven economy through urbanisation. Photo: AP

Despite the continued softness in the global economy, Fung Business Intelligence Centre believes the mainland's commercial sector will remain resilient and present significant opportunity for foreign and domestic investors this year.

In a report, "Ten Highlights of the China Commercial Sector, 2013", the centre provides expert views and insights into the mainland sector.

11 Jan 2013 - 3:56am

Consumer and property stocks to ride on wave of urbanisation on mainland

As income rises, people tend to spend more on services, such as hiring domestic helpers.

The mainland's push for urbanisation as part of its economic development next year will benefit a range of stocks in the consumer and property sectors.

Shares of companies in the real estate, retail, restaurant, tourism, health care and skin care industries would benefit the most from the urbanisation process, fund managers said.

31 Dec 2012 - 4:58am

Premier-to-be Li Keqiang calls for opening up of domestic markets

Li Keqiang (right) presiding at the forum. Photo: Xinhua

Premier-in-waiting Li Keqiang has called on provincial leaders to break down internal market-access barriers during his first local inspection trip since becoming the Communist Party's No 2.

30 Dec 2012 - 5:24am

Chinese profits to grow 10pc next year

Chinese profits to grow 10pc next year

Chinese corporate earnings are set to climb as much as 10 per cent next year as the world's second-biggest economy emerges from its slowdown and more people move to cities, Russell Investments says.

Companies that can benefit from an increase in domestic consumption may post even greater growth, said Gustavo Galindo, an emerging-market equities manager for Russell in New York.

20 Dec 2012 - 4:17am

Urbanisation and domestic consumption Beijing's economic priorities

Urbanisation and domestic consumption Beijing's economic priorities

Promoting domestic consumption and urbanisation is at the heart of a blueprint for the mainland economy thrashed out at a weekend conference of leaders.

8 May 2015 - 9:46am

Big winners tipped amid mainland's urban shift

Food consumption on the mainland is expected to grow by 8 per cent per year in the next five years, with spending on dining out rising 18 per cent annually. Photo: NYT

Construction, commodity and retail stocks were likely to be the biggest winners from Beijing's economic policies next year, analysts said.

Promoting domestic consumption and urbanisation would be key themes on the mainland next year, Xinhua said after the country's annual economic policy-setting conference yesterday.

8 May 2015 - 9:46am

Consumers get poor-quality farm produce, while the best goes overseas

Despite another bumper grain harvest, the ninth year of record output in a row, the quality of produce sold to domestic consumers in China continues to be a problem.

The nearly 590 million tonnes of grain produced this year accounts for roughly a quarter of the world's total, according to estimates by the UN's Food and Agriculture Organisation (FAO).

9 Dec 2012 - 4:53am

Mainland sticks to stable growth

Domestic consumption will help drive China's growth. Photo: AFP

The new central leadership yesterday hinted that economic stability and continuity would be its priority, dashing hopes for a big-bang stimulus for the time being.

8 May 2015 - 9:46am