Economic Indicators

Inflation eases, paving way for stimulus steps

Mainland inflation cooled more than expected last month to its lowest level in nearly 21/2 years, reflecting weak demand and pointing to more policy easing in the months ahead.

Tuesday, 10 July, 2012, 12:00am

Don't read too much into GDP figures

Hong Kong stocks posted their biggest single-day decline in three months, losing more than 2 per cent, as stock markets in the region retreated after Beijing sparked fears of a slowdown by cutting its economic growth forecast to below 8 per cent.

SCMP, Wednesday

8 Mar 2012 - 12:00am

Mainland outlook down, but not causing worries

While economists are busily revising down China's outlook on the back of weakening export growth and concern about its property and banking sectors, many economists still do not expect a 'hard landing' for the mainland next year.

26 Oct 2011 - 12:00am

Without big reforms, China risks middle income trap

Speaking in Delhi yesterday, Haruhiko Kuroda, the boss of the Asian Development Bank, said that if Asian countries don't raise their game, they may never reach developed economy status.

18 Oct 2011 - 12:00am

Foreign reserve growth set to slow

Accumulation of foreign reserves on the mainland is expected to slow in the next few months as the trade surplus shrinks and investment in the world's second-largest economy cools.

Mainland financial institutions spent 247.3 billion yuan (HK$301.9 billion) buying foreign currencies last month, down 34 per cent from August, the People's Bank of China said yesterday.

18 Oct 2011 - 12:00am

What's so great about rapid economic growth anyway?

I am not a fan of the New Yorker magazine. I find the articles ponderous and parochial; the little cartoons crashingly unfunny. But one recent edition carried a feature well worth reading.

For the princely sum of 14,500 yuan (HK$16,800), the magazine's Beijing correspondent joined 30 or so mainlanders for a gruelling 10-day, five-country coach tour of Europe.

25 May 2011 - 12:00am

Yuan trade settlement is a huge own goal for Beijing

Beijing's attempt to internationalise the yuan while restricting its convertibility is backfiring badly.

That might sound like a strange assertion. After all, everything we've been told recently makes Beijing's programme to encourage more international use of the currency sound like a roaring success.

3 May 2011 - 12:00am

Big Mac price comparison figures hard to swallow

The Hong Kong dollar and the yuan are the most undervalued currencies in the world, trading at discounts of 40 per cent or more versus the US dollar, based on the relative cost of Big Mac hamburgers.

SCMP, April 26

28 Apr 2011 - 12:00am

Decisions taken in 2011 will set China's growth path for next few years

This year, Beijing will face the task of keeping gross domestic product growth rates high - probably about 9 per cent - while trying to reduce the economy's dependence on increasing investment. This will not be easy.

17 Jan 2011 - 12:00am

McDonald's raises prices as surge in costs bites

Fast food chain McDonald's Corp yesterday raised the prices for its burgers, drinks and other snacks on the mainland by between 50 fen (58 HK cents) and one yuan to offset the higher costs of raw materials.

It joins many other restaurants and food product manufacturers that have already increased prices or plan to do so as inflation picks up.

18 Nov 2010 - 12:00am

Get with the programme: 5-year plan still has targets

China will set growth targets after all.

Despite much speculation that Beijing would scrap rigid goals for GDP and CPI in the next five-year plan, when the blueprint's full version is unveiled at the annual meeting of the National People's Congress in March it will spell out firm targets for economic growth and inflation.

3 Nov 2010 - 12:00am

Will the yuan rise? Will the sun?

Lucy Liang, a sales manager for Jiangsu Zhongxin Toys, disappointed potential clients from the United States and Europe inspecting the pink and yellow teddy bears crowding the toymaker's stall at the mainland's biggest trade fair in Guangzhou. 'My boss ordered us to turn down all the orders for the good of the company, because the yuan may rise, crimping profit margins,' said Liang.

2 Nov 2010 - 12:00am

A small, inequitable opening of the mainland's capital account

The mainland will launch a pilot scheme to allow exporters to keep part of their revenue overseas, a move that could slow growth of its foreign exchange reserves and ease pressure for yuan appreciation.

SCMP, August 28

31 Aug 2010 - 12:00am

When maths professors get their numbers in a muddle

An eagle-eyed reader called Monitor yesterday to query the figures in an article on the South China Morning Post's opinion page.

In the offending piece, Tony Chan, president of the Hong Kong University of Science and Technology, lamented Hong Kong's failure to invest in big science projects.

26 Aug 2010 - 12:00am

In reality, China's economy overtook Japan's years ago

So the big story of the day is that China has overtaken Japan, moving up to become the world's second biggest economy.

Please forgive me if I manage to contain my excitement. You see, the media stories about China's economy leap-frogging Japan's are based on the latest quarterly figures for gross domestic product. And GDP figures are slippery things at the best of times.

17 Aug 2010 - 12:00am