Economic Growth

Stoke domestic demand, says top economist

The mainland authorities have revived the economy with trillions of yuan in stimulus spending but it is still in danger of another slowdown next year unless Beijing can promote long-term domestic consumption growth, the chairman of Morgan Stanley Asia said yesterday.

Tuesday, 6 October, 2009, 12:00am

A clash of views over Chinese consumers

At the weekend, leaders from the Group of 20 developed and emerging economies promised 'to return the world to high, sustainable and balanced growth'.

Achieving that will entail unwinding the great economic imbalances blamed by many for causing the whole financial crisis.

That means Americans must spend less of their incomes and save a good deal more.

29 Sep 2009 - 12:00am

Boom or bust, take your pick

The eternal debate between China enthusiasts and China sceptics rumbles on. These days the acrimony is centred on Beijing's massive programme of infrastructure spending.

27 Aug 2009 - 12:00am

Credibility of China's statistics is crucial

A planned economy can make a truism of the expression 'lies, damn lies and statistics'. National growth targets tend to become local commands. Ambitious officials are tempted to tweak the figures to make themselves look good. Higher-ups may want to adjust them to arrive at a national figure that reflects a desired rate of growth.

6 Aug 2009 - 12:00am

No room for lies in economic statistics

Mainland statisticians have been steadily earning respect for drawing an increasingly accurate picture of the nation's economic development. That is a marked contrast to six years ago, when 60,000 violations of statistics laws were reported.

30 Dec 2008 - 12:00am

Closing the gulf created by reform

Forging a stable society is a major task for the leadership in the next three decades

22 Dec 2008 - 12:00am

Economists urge steps to prevent slide in growth

The mainland's economic growth might slow to less than 9 per cent next year, the smallest gain since 2002, should the government be too timid in using policy measures to fuel growth, economists at the country's top planning body said.

15 Oct 2008 - 12:00am

A necessary, but small step to land reform

The likely impact of the global financial crisis on China will loom large at this week's meeting of the Communist Party Central Committee. Agricultural reform, however, is ultimately more important to the country's long-term future. The committee is expected to review an amendment to the land management law that will grant farmers more freedom to transfer non-farming land.

7 Oct 2008 - 12:00am

Office blues

Hong Kong workers rank fifth worst on the global work-hours scale. Do you think this is just part of the city's hard-graft culture, or does it ultimately have a negative effect on productivity? Write to us.

21 Jul 2008 - 12:00am

Mainland industrial production grows 16pc

Factories shrug off poor demand outlook

Mainland industrial output maintained a healthy growth rate of 16 per cent last month as factories shrugged off increased uncertainty about slowing global consumer demand.

17 Jun 2008 - 12:00am

Nine Dragons opens up plant to answer critics

Cheung Yan, China's richest woman and chairman of Hong Kong-listed Nine Dragons Paper (Holdings), has marked down her handling of the controversy that erupted last month over her company's labour practices.

19 May 2008 - 12:00am

Factories hum to a record on mainland

The mainland's manufacturing activities expanded at the fastest pace on record last month as strong domestic demand helped offset slowing exports.

The purchasing managers' index compiled on behalf of the National Bureau of Statistics jumped to a peak of 59.2 last month from 58.4 in March, the highest since it was launched 28 months ago.

2 May 2008 - 12:00am

Figure fiddling sends GDP growth into Fantasyland

'The mainland's economy expanded faster than thought last year with the statistics agency raising its estimate for gross domestic product growth to 11.9 per cent from 11.4 per cent.'

SCMP, April 11

15 Apr 2008 - 12:00am

Global uncertainty to hit growth

Global economic uncertainty will retard Hong Kong's economic growth this year, according to economists.

The Asian Development Bank projected yesterday that the city's GDP growth this year would be 4.5 per cent. The University of Hong Kong's Apec Study Centre estimates GDP growth at 4.5 to 5 per cent.

The budget in February forecast growth of 4 to 5 per cent.

3 Apr 2008 - 12:00am

Slump worries spark shift in macro policies

Mainland aims to avoid slowdown

Beijing has for the first time named averting an economic slowdown as a top priority, with officials becoming increasingly fearful a global economic slump will hit the mainland harder than expected.

2 Apr 2008 - 12:00am