From the start, China's reform and opening up have been two halves of a whole. Yet, in recent years, signs of "closed-door reform" have emerged and in some cases have been put into practice. This is why Premier Li Keqiang's renewed call to push for reform by opening up is notable.Thursday, 11 April, 2013, 3:03am
If, given the imminent rise of Asia, the world wants to avoid a bleak future, austerity has to be the new global norm. While that suggestion may provoke consternation in many of the world's leading economists, it is still the only way to address global inequalities - which these prominent economists at least profess to care about deeply.16 Jul 2012 - 12:00am
In a rare move, People's Daily ran a full-page article yesterday about former premier Li Peng's new books on macroeconomics, as well as a commentary criticising mainstream Western economic thinking.
The article on Li's books comes at a politically sensitive time, ahead of a party congress this autumn that will see a once-in-a-decade transfer of power.12 Jul 2012 - 12:00am
Chief executive-elect Leung Chun-ying campaigned on the motto 'seeking change while preserving stability'. Nonetheless, business sectors were concerned that his reforms would upset stability. They might have been more worried had Leung been more explicit about the views he expressed in a recent Xinhua interview.25 Apr 2012 - 12:00am
Anger against bankers and the financial sector is understandable in the present climate. But calling for the death of capitalism, as many Occupy Central protesters were chanting yesterday, seems premature and silly. Financial reforms are absolutely necessary, but revolution is something else.17 Oct 2011 - 12:00am
Hong Kong has again been named the world's freest economy, this time for the 33rd consecutive year by a Canadian free-market think tank. This remains good news for a city at the mercy of external economic forces. Its success still depends on free-spirited ability to innovate and adapt quickly in response to challenges.26 Sep 2011 - 12:00am
Hong Kong's sky-high property prices are unmatched the world over, but there are people who still find them affordable.
Many complain that wealthy mainlanders have pushed up the city's housing prices. However, statistics show that mainlanders only accounted for 30 per cent of luxury property transactions last year; the remainder was snapped up by locals.9 Feb 2011 - 12:00am
No one was seen popping champagne corks or dancing in the streets after the city was crowned the world's 'freest economy' by the Heritage Foundation. That's because while we may be the 'freest' of them all, we don't seem to be the happiest.24 Jan 2011 - 12:00am
For the 17th year running, The Heritage Foundation, a conservative think tank in the US, bestowed on Hong Kong the accolade of being the world's freest economy. Although Hong Kong continued to score high on business, trade, investment and financial freedoms, it has basically stalled, while Singapore has surged ahead and snatched a close second.23 Jan 2011 - 12:00am
Hong Kong has been named as the world's freest economy for the 17th year running by a conservative American think tank.
SCMP, January 1316 Jan 2011 - 12:00am