The news last Friday that China's economy slowed to its lowest growth rate in three years caused anxiety around the world.Monday, 16 July, 2012, 12:00am
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
Flagging demand saps China's trade
SCMP headline, July 11
There is a certain peculiarity of economic statistics that can really help journalists out on a slow news day. The oddity is that they rarely show smooth changes of trend. They tend instead to go up and down erratically from month to month.12 Jul 2012 - 12:00am
China's foreign trade lost steam last month as external and internal headwinds crimped demand, piling pressure on the government to step up measures to bolster the flagging momentum.
Exports rose 11.3 per cent from a year ago to US$180.21 billion last month, slowing from the 15.3 per cent increase in May, according to the General Administration of Customs.11 Jul 2012 - 12:00am
Marketing kicked off this week for the first yuan-denominated equity fund to be listed on the Hong Kong stock exchange.
As the first product to be launched under the renminbi qualified foreign institutional investor, or RQFII, scheme, which allows Hong Kong holders of the yuan to invest in the mainland's equity markets, the new fund is sure to generate a lot of interest.11 Jul 2012 - 12:00am
One in five South Asian workers receive less than the legal minimum wage of HK$28 per hour. Yet they keep quiet for fear of losing their jobs, a new survey says.
The Hong Kong Catholic Commission for Labour Affairs interviewed 238 South Asians - mostly Pakistanis and Indians - from March to June.10 Jul 2012 - 12:00am
For the last couple of years the grand panjandrums of Hong Kong's banking sector have banged on relentlessly about how the internationalisation of the yuan is our financial future.
This column has long been sceptical, even when scepticism has been a lonely stance.10 Jul 2012 - 12:00am
Hong Kong insurers are the latest to oppose a proposed US tax law, and are seeking waivers to protect nine million local policies that could be affected by it.9 Jul 2012 - 12:00am
In Germany, gold is now available from vending machines in airports and railway stations - gold to go. Shoppers can buy a one gram wafer or a 10 gram bar. The device taps into an enduring fascination for the metal. As J.P. Morgan said to the US Congress in 1912: 'Gold is money. Everything else is credit.'9 Jul 2012 - 12:00am
The central bank is expected to soon cut the ratio of deposits that banks have to set aside as reserves, a state newspaper said yesterday, amid widespread expectations that even further cuts could follow to counter a slowdown in the world's second-biggest economy.4 Jul 2012 - 12:00am
The true depth of the economic slowdown on the mainland has come under the spotlight following a report in the New York Times claiming that China had falsified data to understate the severity of the downturn.
Economists at major investment banks said the June 22 report generated a flood of questions from concerned investors last week.2 Jul 2012 - 12:00am
If an investor decides to take the plunge into foreign-currency investments, there are plenty to choose from.2 Jul 2012 - 12:00am
Hongkongers like their foreign-currency investment products. They like their Australian dollar fixed deposits, their local currency Asian bond funds and their Singapore dollar real estate investment trusts.2 Jul 2012 - 12:00am
Robin Bell-Jones, partner, Permira30 Jun 2012 - 12:00am
On 1 July 2007, the South China Morning Post looked back at the 10 turbulent years that had elapsed since the handover and made one firm prediction about the city's economic future: it would be volatile.
That forecast holds up equally well today: whatever else happens over the coming years, the unexpected will be inevitable.29 Jun 2012 - 12:00am