Economy of Asia | South China Morning Post
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  • Jan 30, 2015
  • Updated: 7:14pm

Economy of Asia

World Bank cuts mainland growth forecast to 9.6pc

The World Bank cut its forecast on the mainland's economic growth yesterday, saying that weakening global demand will dent the country's exports but the snowstorms will have only a temporary impact.

Tuesday, 5 February, 2008, 12:00am

What downturn?

The headlines are filled with doom and gloom: a global recession looms because of the US subprime lending crisis, which is dragging down the US dollar, the American economy and the rest of the world. Throw in a good dose of inflation and collapsing stock markets, and the blues have come home to roost.

1 Feb 2008 - 12:00am

Economy forecast to grow 11pc this year

Official predicts slower expansion from estimated 11.5pc with inflation easing to 4pc

The country's economic growth would moderate to 11 per cent this year from an estimated 11.5 per cent last year, a government economist predicted just as international investment banks adjust their forecasts.

23 Jan 2008 - 12:00am

Dark clouds in US rain on Hang Seng

HK's blue-chip stocks see biggest fall since 9/11, dropping 5.37pc

Hong Kong stocks joined a global market rout yesterday, posting their biggest one-day percentage drop since the September 11, 2001, terrorist attacks as mounting bank losses and slowing consumer spending in the United States raised the spectre of a bruising global recession.

17 Jan 2008 - 12:00am

Uncertain global economic outlook may help cool spiralling trade surplus

The mainland's prosperous economy and record-breaking trade surplus have been blamed for souring relations with its key trading partners.

But it has also helped build the nation's financial muscle to weather waning consumer demand in the United States, the biggest destination for mainland exports.

26 Dec 2007 - 12:00am

G7 leaders can no longer deny India and China

The world changed this year. For the first time in recorded history, India and China are the drivers of the global economy. The implications are profound, though not recognised as yet by the world's premier economic club, the Group of Seven, which seems more and more to control a wheel detached from the rudder.

3 Dec 2007 - 12:00am

Yuan climbs to fresh record against US dollar

The yuan hit another record high against the US dollar yesterday as top European monetary policymakers pressured the mainland to allow the currency to appreciate faster.

28 Nov 2007 - 12:00am

Investors bank on change of fortune

Thailand's economic prospects for the New Year will turn on the successful handover of power by the country's present military leaders to a democratically elected government that pursues a sound economic growth strategy, analysts say.

27 Nov 2007 - 12:00am

GDP growth set to hit 11.5pc, Wen says

Premier warns of overheating as he admits economy is outpacing predictions

Premier Wen Jiabao revealed yesterday that the mainland's gross domestic product growth was set to reach 11.5 per cent this year, a figure much higher than his forecast when he delivered his government report in March.

21 Nov 2007 - 12:00am

Flood of developments

Ownership of more than one property used to be the privilege of a select few. But with a buoyant economy and the well-heeled in ever-growing numbers, property investment has driven savvy investors to take more risks by venturing into relatively untested markets to maximise returns.

24 Oct 2007 - 12:00am

Buy thai

How long have you been living in Hong Kong? I have been fortunate enough to live in Asia for 24 years spending most of my time between Hong Kong and Bangkok with regular trips back to Britain, which is where I was raised. I have worked in every major country in Asia and, although I am a permanent resident of Hong Kong, I have a strong affinity with Thailand where I fly to most weekends.

24 Oct 2007 - 12:00am

'Sick man of Asia' confounds critics

Is the Philippine economy on the mend? Yes, says president Gloria Macapagal-Arroyo, who carried the fresh news of the fastest rate of growth for the Philippine economy in two decades to the Sydney meeting of Asia-Pacific leaders earlier this month.

25 Sep 2007 - 12:00am

Dim views for mainland amid soaring prices

Confidence in the mainland economy among bankers and corporate executives has fallen substantially in the third quarter amid pervasive worries about overheating, while the general public has grown increasingly pessimistic due to soaring consumer prices, according to three government surveys.

21 Sep 2007 - 12:00am

ADB urges caution over rapid growth

The mainland's economy could be hurt by soaring inflation and a possible stock market downturn, the Asian Development Bank warned yesterday as it lifted its forecast on the country's economic growth this year to 11.2 per cent.

Inflation was expected to hit 4.2 per cent this year, above the government's target of less than 3 per cent, on higher food prices, the ADB said.

18 Sep 2007 - 12:00am

Mainland retailers boost sales 17.1pc

August increase attributed to effect of inflation

Mainland retail sales rose 17.1 per cent last month, the quickest rate in more than three years. The faster pace reflected increased prices rather than stronger consumer spending, economists said.

13 Sep 2007 - 12:00am