Index Numbers

Inflation worries hit consumer sentiment in HK

Consumer confidence in the economy and livelihoods dropped to a four-year low in Hong Kong in the second quarter, a survey by City University shows.

Thursday, 19 July, 2012, 12:00am

To get rich isn't glorious, it's downright dangerous

Paramount leader Deng Xiaoping is supposed to have said that 'to get rich is glorious'.

But in China today, glory comes as an extremely unwelcome adjunct to great wealth.

Entrepreneurs who appear towards the top of the Hurun Report's China rich list have an unfortunate tendency to come a cropper soon afterwards.

19 Jul 2012 - 12:00am

Factor in natural capital, and China's growth rate plunges

Ask any 10 Hongkongers where they think China ranks in the economic league table of different countries, and the chances are that all 10 will give you the same answer.

'Second,' they will say, 'behind the United States but gaining fast'.

And they will be right - up to a point.

22 Jun 2012 - 12:00am

Production declines for third month in a row

The mainland's manufacturing activities may contract in January for the third straight month, according to data suggesting Beijing could implement more policies to stabilise economic growth.

21 Jan 2012 - 12:00am

HK more distrustful of financial markets

Hong Kong consumers had even less confidence in the financial markets in the last quarter than people on the mainland, Taiwan or Macau, but they were more optimistic about their household expenditure, according to a consumer confidence survey.

14 Jan 2012 - 12:00am

World GDP likely to slump next year

A global downturn is likely next year, when the deeply intertwined economies of the United States and China will probably suffer a hard landing, according to Lombard Street Research, a London think tank.

27 Oct 2011 - 12:00am

Without big reforms, China risks middle income trap

Speaking in Delhi yesterday, Haruhiko Kuroda, the boss of the Asian Development Bank, said that if Asian countries don't raise their game, they may never reach developed economy status.

18 Oct 2011 - 12:00am

Numbers game hides our flaws

One expects governments to put a favourable gloss on economic data, but that can be dangerous if it leads to overexpectations or covers up reality with statistical footwork that deceives stock- broker analysts but not the man in the street.

21 Aug 2011 - 12:00am

Consumer-led growth tipped to dominate the next decade

The mainland economy is expected to slow down in the second half of the year, but analysts and strategists suggest cyclical stocks to invest in, such as energy, consumer-goods makers, health and raw materials companies.

Raymond Ma, portfolio manager at Fidelity International, says the central government's policies will help domestic consumption and consumer oriented stocks.

9 May 2011 - 12:00am

Big Mac price comparison figures hard to swallow

The Hong Kong dollar and the yuan are the most undervalued currencies in the world, trading at discounts of 40 per cent or more versus the US dollar, based on the relative cost of Big Mac hamburgers.

SCMP, April 26

28 Apr 2011 - 12:00am

Interest rates 'not foolproof' against inflation

It is unrealistic to rely solely on interest rates to tame rising inflation because higher wages and increased costs of raw materials and domestic agricultural goods are pushing up consumer prices, People's Bank of China adviser Li Daokui says.

11 Mar 2011 - 12:00am

Is China already the No 1 economy?

There was a prolonged popping of champagne corks recently when the official statistics showed that China had surpassed Japan as the second biggest economy in the world. The celebrations were bogus because almost everyone knew that China's graduation really occurred last year, and the Japanese figures confirmed it some weeks before Beijing did.

1 Mar 2011 - 12:00am

Manufacturing PMIs conflict but economists see robust growth

Manufacturing growth on the mainland fell again last month because of inflation and concerns about government tightening measures, according to the latest official Purchasing Managers' Index.

2 Feb 2011 - 12:00am

Hidden dangers of the politicians' happy talk

As my good friend Lai See pointed out last week, there's been an awful lot of nonsense talked recently about happiness.

In the United States, the new speaker of the House of Representatives - second in line to the presidency - is fond of talking about how the right of Americans to happiness is enshrined in the US Constitution.

24 Jan 2011 - 12:00am

Warning as growth keeps on surging

China's economy accelerated unexpectedly in the fourth quarter despite a series of tightening measures by Beijing, fuelling fears of overheating and further tightening ahead.

21 Jan 2011 - 12:00am