Use capital wisely to boost growth, Beijing told

China's export growth fell sharply to 1 per cent year on year last month. Photo: AFP

The latest batch of mainland economic data has triggered a slew of cuts to analysts' forecasts for domestic growth this year, but officials are unlikely to loosen monetary policy in response.

Tuesday, 11 June, 2013, 3:25am

No relief from yuan pain for exporters

The yuan has appreciated by 20 per cent against the yen this year, and export growth slumped to just 1 per cent in May. Photo: Reuters

The mainland's struggling exporters will look in vain to currency regulators to help them survive a prolonged downturn in demand from their major foreign markets.

10 Jun 2013 - 4:52am

Japan's April exports disappoint even as 'Abenomics' weakens the yen

Japan's exports rose less than expected in April from a year earlier.

Japan's exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the challenges confronting the world's third-biggest economy as policymakers try to engineer a sustained revival.

23 May 2013 - 4:43am

China's curbs on 'hot money' to reveal weakness in exports

Abnormally strong mainland exports to bonded areas and regions in January-to-April period raised economists' suspicions. Photo: Bloomberg

China's crackdown on hot money inflows may ease some of the speculative pressure driving the yuan higher and skewing credit conditions, but likely at the expense of revealing the extent to which exporters are struggling for business as the global economy sags.

22 May 2013 - 5:29am

France seeks to improve export performance

Laurent Fabius

French Foreign Minister Laurent Fabius highlighted the need for his country to regain its competitiveness in order to rebalance bilateral trade. "Although our trade deficit with China decreased by €1.5 billion (HK$15.2 billion) in 2012, it is still very large at about €26 billion, which is 40 per cent of our overall trade deficit," Fabius told a press conference at the Hong Kong Foreign Correspondents' Club.

7 May 2013 - 3:56am

China export growth tipped to slow to 10pc

Cement mill barrels dwarf this worker at a factory in Henan. Higher wages have added to the pressures facing exporters. Photo: Reuters

In a research report published in the China Securities Journal yesterday, the think tank forecast imports may grow about 8 per cent in the second quarter, slightly below the 8.4 per cent in the first three months, generating a trade surplus of about US$128 billion.

7 May 2013 - 4:24am

Hong Kong faces mainland China challenge as ports expand

Shenzhen port may also lose business as shipping terminals elsewhere in Guangdong scale up and offer lower rates to attract customers. Photo: Bloomberg

Guangdong's plan to spend billions of yuan to create a network of ports, railways and waterways will pose a competitive threat to Hong Kong. But it may benefit Hong Kong exporters as a strike at the city's port enters its fifth week, say industry players.

29 Apr 2013 - 4:11am 1 comment

Caught in the yen current

The yen has hit fresh lows against a host of major currencies, raising big concerns for export-heavy South Korea. Photo: AFP

South Korean Finance Minister Hyun Oh-seok said Japan's weakening yen was hurting his country's economy more than North Korean threats, an example of a "spillover" that merits discussion.

20 Apr 2013 - 5:44am

G20 pledges against devaluation to help exporters

Members of the Group of 20 are unlikely to criticise Japan over its economic stimulus plan that has led to the yen weakening. Photo: EPA

The Group of 20 economies will affirm a commitment to avoid weakening their currencies to gain an advantage for their exports, according to a draft statement prepared for a meeting this week in Washington.

19 Apr 2013 - 4:06am

Seoul plans HK$135b boost for economy

South Korea posted quarterly growth of less than 1 per cent for seven consecutive periods. Photo: Bloomberg

South Korea unveiled a 19.3 trillion won (HK$135.1 billion) stimulus plan to support exporters under pressure from a weaker Japanese currency and revive an economy that grew last year at the slowest pace since 2009.

The package will boost growth by 0.3 percentage point and create 40,000 jobs, the Finance Ministry said.

17 Apr 2013 - 4:56am

Scepticism grows over China's export data

Gains in overseas shipments exceeded forecasts by at least 7.5 percentage points in December, January and February, the first time that's happened in three straight months in the eight years Bloomberg has compiled analyst estimates for the data. Photo: Bloomberg

The mainland's unprecedented run of better-than-forecast export growth has spurred deeper scepticism of the data at banks including Goldman Sachs, casting doubt on the strength of the recovery.

10 Apr 2013 - 3:57am

Hong Kong exporters' mood lifted by brighter world outlook

The value of HK's exports is predicted to grow by 4pc this year.

Hong Kong exporters' confidence rebounded the most in a year this quarter, although it remained slightly below the threshold that indicates expansion.

Their optimism was fuelled by improved exports, although jewellery exporters remained gloomy in light of a clampdown on the lavish lifestyle of mainland bureaucrats.

20 Mar 2013 - 4:35am

Milk curb review in one year, says Lam

Travellers who ride the MTR with their packaged infant milk formula must now undergo security checks at Sheung Shui station to ensure they are not carrying too much of the product before they can board the train to the mainland. Photo: Felix Wong

The restriction on exports of powdered milk for babies will be reviewed in one year, Chief Secretary Carrie Lam Cheng Yuet-ngor said yesterday, adding that the policy was not meant to single out mainlanders.

Speaking in Guangzhou after meeting provincial officials, she said the review would assess the impact of the rule on the supply of infant formula in the city.

16 Mar 2013 - 4:53am 1 comment

Canada 'open to FDI and keen to export to Asia' says minister

John Baird

Canada is still open to investments from foreign state-owned firms in its energy sector, and it is keen to diversify its export markets to Asia to reduce its reliance on the United States, the country's foreign affairs minister said.

14 Mar 2013 - 7:47am

Asian exports to fuel orders for big container ships

Ocean carriers such as Orient Overseas Container Line are set to place orders for more mega box carriers. Photo: Bloomberg

Growing exports, particularly from China and Southeast Asia, will fuel a boom in international container shipping volumes in the next four years, shipping experts said yesterday.

But while ocean carriers such as Orient Overseas Container Line are set to place orders for more mega box carriers, they are expected to find trading conditions difficult, the experts added.

13 Mar 2013 - 4:41am