China cut interest rates for the first time since 2008 yesterday in a surprise move that underscores Beijing's concerns about a hard landing for the world's second-biggest economy.Friday, 8 June, 2012, 12:00am
How to tackle a widening wealth gap is the challenge for many governments around the world. Pressured by an increasingly discontented society in 2010, our government answered the call with a joint venture with the business sector - each to donate HK$5 billion to set up a Community Care Fund to help the poor.29 May 2012 - 12:00am
The share prices of leading appliance and automotive companies rose yesterday on news of mainland government subsidies for energy-efficient cars and home appliances.
However, analysts warned that the outlook was not rosy for the mainland appliance market.18 May 2012 - 12:00am
In a move designed to boost domestic consumption and cut carbon emissions, the central government has earmarked 26.5 billion yuan (HK$32.5 billion) in subsidies for energy-saving home appliances.17 May 2012 - 12:00am
Beijing faces a bumpy road ahead as it tries to wean itself from relying too heavily on investment to drive the economy, and as debt accumulated during the lending binge after the global financial crisis starts to put pressure on government loan books.15 May 2012 - 12:00am
The European think tank Breugel recently produced a report suggesting there was a fundamental 'trilemma' between the European monetary union, national banking systems and the lack of fiscal union. This added a twist to the old argument that, for a single currency, you need a single fiscal policy.28 Apr 2012 - 12:00am