National Accounts

Workers should have no truck with new share ownership plan

In capitalism's long history of exploitation, few abuses have been as iniquitous as the truck system.

Wednesday, 15 August, 2012, 11:07pm

Flagging demand saps China's trade

China's foreign trade lost steam last month as external and internal headwinds crimped demand, piling pressure on the government to step up measures to bolster the flagging momentum.

Exports rose 11.3 per cent from a year ago to US$180.21 billion last month, slowing from the 15.3 per cent increase in May, according to the General Administration of Customs.

11 Jul 2012 - 12:00am

Rebalancing is beginning, but it won't be easy

There has been a lot of misguided chatter over the last five years about how China's economy has been rebalancing towards a more healthy and sustainable growth trajectory.

Now, however, it may finally be beginning to happen.

Seen from the outside, it looks like China's economy has been rebalancing ever since 2007.

9 Jul 2012 - 12:00am

Memo to C.Y., Singapore isn't better off

'With an economy just half the size of Hong Kong's 10 years ago, Singapore has now surpassed us.'

Leung Chun-ying, chief-executive-elect

12 Jun 2012 - 12:00am

Wen urges services sector to prepare for competition

Premier Wen Jiabao has urged the services sector to restructure and prepare for increasing competition as it is opened up to global suppliers.

29 May 2012 - 12:00am

Two wrongs don't make a right line

Hong Kong registered its lowest rate of economic growth in more than two years in the first quarter, with a slowdown on the mainland having a knock-on effect.

SCMP, May 12

Maybe this town is changing but it certainly didn't feel to me like three months in which the economy grew by only 0.4 per cent year over year.

15 May 2012 - 12:00am

China's weak trade data fuels concerns

China's foreign trade decelerated sharply in April, with both export and import growth falling well short of expectations. That raises fresh concerns about a hard landing for the world's second-largest economy amid weakening global demand.

11 May 2012 - 12:00am

Return to trade surplus a surprise

China unexpectedly returned to a trade surplus last month as exports grew more quickly than expected and import growth eased from a 13-month high.

11 Apr 2012 - 12:00am

Unease at January trade data

China's exports and imports both fell last month for the first time in more than two years, adding to fears that the world's second-largest economy is heading for a slowdown.

But some economists noted shipments were disrupted by the week-long Lunar New Year holiday and said the trade situation may not be as bad as its looks.

11 Feb 2012 - 12:00am

No real slowdown, but China's more unbalanced than ever

All the attention yesterday was focused on the modest slowdown in the mainland's economic growth rate towards the end of last year.

But dig a little deeper and there was far more interesting information to be found in the slew of economic data released by Beijing.

18 Jan 2012 - 12:00am

Import growth rate slowest in two years

China's imports grew at the slowest pace in more than two years last month, ratcheting up pressure on Beijing to shore up domestic demand and protect the economy from a potential recession in the euro zone.

11 Jan 2012 - 12:00am

Yuan will continue to provide excellent inflation hedge

Economists widely anticipate a sharper slowdown in exports and imports in the coming months ... However, they believe a smaller surplus would ease the pressure on Beijing to allow the yuan to appreciate.

SCMP, November 11

13 Nov 2011 - 12:00am

Sad, sad tale of declining trade masks real growth area

HSBC is slashing Hong Kong's economic growth forecasts for both this year and the next as economists warn the euro-zone debt crisis will continue to hit local exports.

SCMP, November 2

In case you want numbers, slashing means that HSBC's emboldened economists have revised their growth forecast for next year down to 4.5 per cent from 5.4 per cent.

6 Nov 2011 - 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

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