Late 2000s Recession in Asia

Beijing lowers expectations as demand slumps

Vice-Premier Wang Qishan has warned China may miss its target for trade growth this year, underscoring growing concern about the slowing global economy.

Saturday, 7 July, 2012, 12:00am

Flagging growth at mainland factories

Growth in manufacturing activity on the mainland slowed to a six-month low in June as domestic and export demand fell, but analysts say it could pick up in the second half as stimulus measures kick in.

2 Jul 2012 - 12:00am

Wary applause as China's trade soars in May

China's exports and imports increased sharply in May but economists said the encouraging data did not signal a turnaround for the slowing economy.

11 Jun 2012 - 12:00am

Vice-premier confident over growth

In a bid to defy doomsayers' predictions that the days of China's booming economy are coming to an end, Vice-Premier Li Keqiang said yesterday the country had the ability to maintain stable, relatively fast economic growth over the long run.

His comments were made during the opening ceremony of the 2012 Boao Forum for Asia on the southern resort island of Hainan .

3 Apr 2012 - 12:00am

Li strikes a chord by talking shop

It's not unusual for China's officials to publish papers before they move to a higher position. But no one had ever written one on the importance of consumption - until now.

4 Mar 2012 - 12:00am

HK just avoids recession, but exports down

Hong Kong narrowly escaped a recession, with its economy growing 0.1 per cent in the third quarter from the previous three months.

Low unemployment and continued growth in visitors from the mainland meant consumption held up, but the euro-zone debt crisis dragged exports down.

12 Nov 2011 - 12:00am

Mainland trade expands more than forecast

China trade jumped more than expected last month but economists warn that the worst is not yet over, predicting more volatility because of the sovereign debt crisis in Europe, the mainland's largest export market.

Overseas shipments soared 48.5 per cent to US$131.76 billion, beating economists' consensus of 32 per cent growth.

11 Jun 2010 - 12:00am

Profits at industrial firms increase 119.7pc

Profit at mainland industrial companies skyrocketed 119.7 per cent in the first two months of this year, powered by the economic recovery.

However, some economists are questioning whether the growth is sustainable.

27 Mar 2010 - 12:00am

Rebound in mainland trade points to yuan rise

Mainland trade grew faster than expected last month, raising the prospect that Beijing would allow the yuan to appreciate against the US dollar.

11 Mar 2010 - 12:00am

Exports and imports show sharp year-on-year declines for October

The city imported and exported far fewer goods last month than a year ago, official data shows, attributing the sharp drops to a high base of comparison - dramatic growth in trade in October last year.

27 Nov 2009 - 12:00am

Return to GDP growth forecast

A low base of comparison last year and an improving economy will probably see Hong Kong return to year-on-year GDP growth in the fourth quarter, many economists predict.

13 Nov 2009 - 12:00am

Mainland economy maintains momentum

Growth in the mainland's industrial output and retail sales accelerated last month in a sign the economy is benefiting from the government's massive stimulus plan and increased private consumption.

12 Nov 2009 - 12:00am

Stimulus felt at industrial firms as profit falls ease in first nine months

The decline in profits at the mainland's leading industrial firms eased in the first nine months of this year as government-led economic stimulus measures powered ahead.

29 Oct 2009 - 12:00am

Growth might reach 7.5pc in second quarter, official says

The mainland's economic growth might have accelerated to 7.5 per cent in the second quarter and was on track to meet Beijing's annual target, a top official said.

Zhang Jianhua, head of the People's Bank of China's research bureau, is the latest senior official to confirm the nation may have become the first major economy to recover from the global recession.

8 Jul 2009 - 12:00am

April exports dive 22.6pc to make case for further pump-priming

Mainland exports fell more than expected last month, dashing hopes of an early recovery in trade and putting more pressure on government pump-priming to rejuvenate a sluggish economy.

13 May 2009 - 12:00am