• Fri
  • Aug 29, 2014
  • Updated: 7:33am

Economy of Asia

Residential construction at lowest level since 1997

Flats being built drop to 8,000 as economic crisis takes toll

Saturday, 24 January, 2009, 12:00am

Stimulus measures to boost slumping imports

The worsening decline in mainland imports over the past two months has presented a headache for top policymakers, but there is a silver lining.

15 Jan 2009 - 12:00am

Further pump-priming on cards as exports fall

Overseas sales decline most in 10 years on faltering demand

Mainland exports dropped the most in almost a decade last month, a decline expected to continue, prompting Beijing to augment its economic stimulus plan in the light of slack demand from the United States and Europe.

14 Jan 2009 - 12:00am

Home prices drop for first time since 2005

Decline averages 0.4pc across 70 mainland cities

Home prices in 70 mainland cities fell an average of 0.4 per cent last month compared with December 2007, the first decline for the group as a whole in 31/2 years, the National Development and Reform Commission said.

10 Jan 2009 - 12:00am

Economists forecast five straight quarters of GDP contraction

Hong Kong's economy probably contracted year on year in the last quarter - for the first time since 2003 - University of Hong Kong economists say. And they expect it to continue shrinking all this year.

If the economy does contract for five quarters, as they predict, it will be the first time since the East Asian financial crisis in 1998.

8 Jan 2009 - 12:00am

Retail sales to grow 21pc despite impact of financial crisis

Despite the impact of the financial crisis, mainland retail sales are expected to achieve a robust 21 per cent growth and reach 11 trillion yuan (HK$12.48 trillion) this year, according to the Ministry of Commerce.

19 Dec 2008 - 12:00am

Goldman cuts mainland growth forecast to 6pc

Economic outlook worsens on drop in exports, investment

The nation's economic outlook has received another beating with leading economists forecasting growth could be half of that last year, well below the level needed to create jobs.

12 Dec 2008 - 12:00am

Beijing stimulus hopes looking over-optimistic

Yesterday's announcement that China's exports shrank 2.2 per cent last month compared with a year earlier rammed home just how hard the global slump is hurting the mainland's economy. The news will inevitably focus investors' hopes even more tightly on Beijing's planned stimulus measures. Unfortunately, those hopes are looking increasingly unrealistic.

11 Dec 2008 - 12:00am

Economic work meeting to map out key policies

The mainland's party elite gathered in Beijing yesterday for a three-day annual national economic work conference to map out key policies for next year as the country struggles to navigate through a downturn worsened by the global financial crisis.

9 Dec 2008 - 12:00am

World Bank sees slowest China growth in 19 years

Forecast cut to 7.5pc as demand for mainland goods weakens

The World Bank expects China will experience the most sluggish growth in 19 years next year despite unprecedented measures by Beijing to boost spending and investment.

26 Nov 2008 - 12:00am