Overheating

Economy at risk of overheating warns HKMA chief

Hong Kong's current account balance plunged to 1.1 per cent of GDP at the end of last year from 15 per cent in 2008. Photo: Bloomberg

Soaring household debt and rampant consumer spending have put Hong Kong's economy at risk of overheating, the city's central bank boss said yesterday.

Saturday, 4 May, 2013, 4:52am 1 comment

Beijing orders tighter bank cash reserves

Premier Wen warns of further measures to prevent overheating

The central bank yesterday ordered lenders to set aside more cash in reserves for the seventh time this year as Premier Wen Jiabao warned top priority would be given to preventing the economy from overheating.

7 Sep 2007 - 12:00am

Beijing raises bank reserve ratio to 12pc

Further belt tightening ordered to curb overheating economy

Beijing yesterday ordered banks to put away more money as reserves for the sixth time this year as concerns grow over an overheating economy which is expanding at the fastest pace in 12 years.

31 Jul 2007 - 12:00am

Economy is in good shape, says official

Top statistician sees no sign of overheating

The mainland's top statistician says the world's fastest-growing major economy is in good shape and is not overheating.

25 Jul 2007 - 12:00am

Mainland growth hits 11-year high

Economy, inflation pick up pace

Mainland economic growth surged to an 11-year high in the second quarter and inflation jumped to a near three-year high last month, strengthening expectations of a fresh round of measures to cool the economy.

20 Jul 2007 - 12:00am

Monitor

You may have noticed that the announcement of an 11.1 per cent growth rate for the mainland economy in the first quarter was accompanied by the usual concessions that the economy may have become overheated.

24 Apr 2007 - 12:00am

Meeting puts heat on economic planners

China's economic planners met in Beijing yesterday to set goals for next year and work out ways to prevent the world's fastest-growing economy from overheating.

'High-ranking Chinese officials gathered on Tuesday morning for the 2006 Central Economic Work Conference,' Xinhua said.

11 Jun 2015 - 4:12pm

Drastic moves to further tighten reins of runaway economy unlikely

China's policymakers have been in a flurry of meetings since last week when preliminary figures for June showed overall economic growth remained perhaps a tad too strong, with overheating in specific sectors unabated.

17 Jul 2006 - 12:00am

Senior planners say there are no signs of overheating

The mainland economy has shown no signs of overheating despite accelerating growth this year, according to senior planning officials. They warned the central government to avoid excessive tightening of macroeconomic controls.

27 Jun 2006 - 12:00am

Praise for rate increase premature - and so are fears of overheating

Beijing's decision to raise interest rates last Friday prompted a sell-off in stock markets in Hong Kong and elsewhere in the world due to fears that further economic tightening measures are likely in the coming weeks.

1 May 2006 - 12:00am

Expand your vocabulary

The highlighted words have been chosen from the South China Morning Post's top news stories to help you improve your word power

The commission has forecast a marginally slower growth pace of 8.5 to 9 per cent for this year as Beijing moves to prevent economic overheating and pay more attention to social problems.

7 Mar 2006 - 12:00am

Beijing to tighten squeeze on credit

Factors that led to macroeconomic control measures are returning, says development chief

Beijing will further tighten its squeeze on credit in response to new figures that suggest a return of economic overheating, China's top economic planner says.

29 Mar 2005 - 12:00am

Shanghai, Hangzhou overheating

Property markets in Shanghai and Hangzhou are overheating because of high prices and too many speculators, according to China International Capital Corp.

In its latest research report, the company said China's property market showed significant regional disparity because of differences in economic growth.

13 Oct 2004 - 12:00am

While world slows, Asia boom looks here to stay, experts say

Reports of mainland overheating are overblown, according to economists

Despite the recent slowing in world economic growth, Asia was likely to remain a good place to do business, economists said yesterday.

8 Sep 2004 - 12:00am

No overheating, Nobel economist says

China does not have an economic overheating problem, a Nobel Prize-winning economist said yesterday.

Robert Mundell, an economics professor at Columbia University in New York and considered the intellectual father of the euro, said he did not understand why Beijing was so nervous about recent monthly growth statistics.

15 Jun 2004 - 12:00am

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