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
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
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
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
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
Forging a stable society is a major task for the leadership in the next three decades22 Dec 2008 - 12:00am
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
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
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
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
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
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
'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 1115 Apr 2008 - 12:00am
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
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