The mainland's crackdown on fake export invoices used to disguise money flows is probably cutting its trade figures, revealing subdued global demand that will weigh on economic growth.Friday, 7 June, 2013, 3:46am
The International Monetary Fund has cut its forecast for China's economic growth this year, despite expectations that an expansion of credit and a mild recovery in the global economy will offer solid support to activity in the second half of this year.30 May 2013 - 3:45am
Growth in Chinese industrial firms' profits slowed last month, adding to evidence the mainland's economic recovery is losing steam.
Net income rose 5.3 per cent to 464.9 billion yuan (HK$580 billion) from last March, down from a 17.2 per cent pace in the first two months of this year, the National Bureau of Statistics said yesterday.28 Apr 2013 - 8:01am
Speculation and corruption have come to dominate China's economy since 2007. The two form a temporary equilibrium to sustain growth, though at increasingly low efficiency, as reflected in the rising inflationary tendency of the economy.25 Mar 2013 - 2:37am 2 comments
China's gross domestic product will grow at an annualised rate of about 8 per cent in the first quarter of this year, while the consumer price index will rise an annualised 2.6 per cent, the China Securities News said, quoting the State Information Centre, a leading government think tank.28 Feb 2013 - 5:02am
Economics is well named the dismal science. Only a bunch of real misery-guts could quarrel quite so intensely about happiness. According to one cohort, happiness - or life satisfaction, or subjective well-being as economists prefer to call it - goes hand in hand with material wealth.21 Feb 2013 - 6:07am 2 comments
"The European and US markets seem to be more stable than last year, while there are signs that the mainland economic growth is accelerating," Tsang said on his blog on Sunday. "Hong Kong's economy will improve slightly from the Year of the Dragon."12 Feb 2013 - 5:07am
Total lending to non-bank mainland companies rose 13 per cent in the first nine months of last year over the same period in 2011, less than a third of the 42.9 per cent growth rate seen in 2011, the Hong Kong Monetary Authority said.7 Feb 2013 - 5:16am
The governing systems of the world's two largest economies are in crisis. As the United States has been grappling with a fiscal cliff, China faces a social cliff. Without major reform, both will falter.4 Feb 2013 - 3:02am
"China has the highest investment-to-GDP ratio in the world - a downturn in its investment cycle would not only adversely affect its economy but also those of others, and global commodities prices," S&P said in a report yesterday.1 Feb 2013 - 5:23am
In a panel discussion on Friday afternoon, Hu told the provincial legislative congress that the gross domestic product of Jiangsu province was catching up quickly with Guangdong, according to a China News Service report.28 Jan 2013 - 5:59am
Beijing aims to slow growth in energy use in a drive to contain its rising dependence on imported fuel.
The central government seeks to cap average annual growth in overall energy consumption at 4.2 per cent between 2011 and 2015, down from 6.6 per cent between 2006 and 2010, according to the 12th five-year energy development plan released yesterday by the State Council.25 Jan 2013 - 4:56am
According to mainland media reports, Beijing has set this year's quota for new bank loans at nine trillion yuan (HK$11.11 trillion).
Now, nine trillion yuan sounds like a lot of money. Certainly it's more than the 8.2 trillion yuan in new local currency loans Chinese banks made last year.24 Jan 2013 - 5:30am
China had a chance to avoid environmental disasters some 40 to 30 years ago, the country's first environmental protection chief has lamented amid worsening air and water pollution.21 Jan 2013 - 5:32am 7 comments
The mainland economy turned the corner in the last quarter by growing faster than expected after seven straight quarters of slowdown, but economists fear weaker investment growth may limit the room for further gains.19 Jan 2013 - 5:12am