23 February 2019

Macro Economy

  • Chinese President Xi Jinping has spelled out clear strategies to create more demand inside China and to move up the value chain of many industries. Photo: Reuters

    Investing in China: look beyond the New Year, think long-term

    - Feb 22, 2019 10:47am
    In the Year of the Pig, China is likely to continue grappling with slower growth, mounting debt pile and a trade war with the United States. But according to Chinese legend, the pig is a sign...
  • China’s central bank is expected to look at other policy tools before wielding blunter instruments, such as a lending rate cut, to shore up the economy. Photo: Reuters

    PBoC sees rate cut as last resort, may use other tools: report

    Feb 22, 2019 9:29am
    The People’s Bank of China (PBoC) is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such a move,...
  • US and Chinese officials sit across a table before the resumption of high-level trade talks in Washington on Thursday. Photo: Reuters

    US, China resume trade talks to thrash out structural pacts

    Feb 22, 2019 9:16am
    The top US and Chinese trade negotiators resumed high-level talks on Thursday to hash out a deal that could end their trade war, just over a week before a US-imposed deadline to reach agreement expires and...
  • Part of the Greater Bay Area scheme is Jiangmen, which is the hometown of 2.8 million overseas Chinese spread across 107 nations and regions. Photo: GovHK

    Greater Bay Area plan: who’s in and who’s out

    - Feb 21, 2019 11:02am
    The long-awaited Guangdong-Hong Kong-Macao Greater Bay Area development plan was unveiled on Monday. Nine cities in Guangdong have been included in the blueprint, together with Hong Kong and Macau, leaving 12 cities in the southern province...
  • Premier Li Keqiang said China is "determined not to engage in ‘flood-like’ stimulus". Photo: AFP

    China will not change prudent monetary policy: Premier Li

    Feb 21, 2019 9:28am
    Premier Li Keqiang said China has not and will not change its prudent monetary policy and will not resort to “flood-like” stimulus, Reuters reports. “I reiterate that the prudent monetary policy has not changed and will...
  • State Councillor Wang Yi (second from right) meets with a delegation of US business leaders and former officials at the Ministry of Foreign Affairs in Beijing on Tuesday. Photo: Reuters

    Beijing urges US to respect China’s right to develop, prosper

    Feb 21, 2019 9:17am
    The United States should respect China’s right to develop and become prosperous, the Chinese government’s top diplomat told a visiting US delegation, reiterating that the country’s doors to the outside world would open wider, Reuters reports....
  • Minutes from the Fed’s January meeting suggest that the US central bank has not ended its three-year campaign to raise interest rates, but merely put it on an extended pause. Photo: Reuters

    Fed signals end to balance sheet unwind

    Feb 21, 2019 8:45am
    The US Federal Reserve on Wednesday signaled it will soon lay out a plan to stop letting go of US$4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted...
  • Hong Kong can serve as the benchmark for other Bay Area cities when it comes to integrating into the global markets. Photo: Xinhua

    Why HK rule of law is key to Greater Bay Area success

    - Feb 20, 2019 4:51pm
    The highly anticipated Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area was finally unveiled by the Chinese government on Monday. A Hong Kong government spokesman has noted that the opportunities presented to the city by...
  • China wants to increase soybean production after its move to slap tariffs on imports from the United States tightened domestic supplies. Photo: AFP

    China to expand agriculture reforms to bolster rural economy

    Feb 20, 2019 9:24am
    China will deepen the reform of its agriculture sector to promote its rural economy as it seeks to bolster growth and offset trade challenges, Reuters reports, citing the government’s first policy statement for the year. “Under the...
  • Donald Trump has indicated that he is open to extending the deadline for completion of trade negotiations with Beijing in a bid to achieve a deal. Photo: Reuters

    March 1 deadline for China trade talks not ‘magical’ date: Trump

    Feb 20, 2019 8:41am
    US President Donald Trump said on Tuesday that trade talks with China are going well and suggested he is open to pushing off the deadline to complete negotiations, saying March 1 is not a “magical” date,...
  • Federal Reserve chairman Jerome Powell is likely to announce the plan for the balance sheet reduction program in June. Photo: Reuters

    Fed’s upcoming move to impact properties more than stocks

    - Feb 19, 2019 3:03pm
    The recent market rally was largely fueled by dovish remarks from Federal Reserve chairman Jerome Powell. The US central bank indicated that it would decide on the roadmap for suspending its program to reduce the bonds on...
  • Since 2015, China's central bank had altered its monetary tools to ensure that liquidity is delivered to the right areas of the real economy. Photo: Reuters

    China: Time to open the monetary tool box

    - Feb 18, 2019 2:46pm
    The swift move in CSI 300 shares year to date appears to have wrong-footed investors, given that economic data releases are still poor. Meanwhile, authorities have begun to expand their monetary tool kit to ensure the...
  • The Hong Kong-Zhuhai-Macao Bridge, which opened on Oct. 24, is seen as part of China's plan for the Greater Bay Area. Photo: CNSA

    Opinions mixed on HK future under Greater Bay Area plan

    Feb 18, 2019 2:23pm
    As Beijing is to unveil the blueprint for the Guangdong-Hong Kong-Macao Greater Bay Area, which is home to nearly 70 million people, opinions on the impact of the plan on Hong Kong are widely divided. The Outline...
  • Private and foreign firms should 'actively participate' in reform and development of Chinese central state enterprises, says SACAC chief Xiao Yaqing. Photo: Bloomberg

    China aims to lure foreign investment into large SOEs

    Feb 18, 2019 9:20am
    China will seek to attract foreign investment into its larger state-owned enterprises (SOEs), which are undergoing reforms to make them more competitive, Reuters reports, citing the nation’s state asset regulator. Private and foreign firms should “actively...
  • Top US and Chinese officials hold trade negotiations at the Diaoyutai State Guesthouse in Beijing on Thursday. Photo: Reuters

    China offers to end market-distorting subsidies, won’t say how

    Feb 15, 2019 8:08am
    China has pledged to end market-distorting subsidies for its domestic industries but offered no details on how it would achieve that goal, Reuters reports, citing three people familiar with the US-China trade talks in Beijing this...
  • Some economists are concerned Japan's exports will weaken this year if the United States and China do not resolve their trade dispute. Photo: Reuters

    Japan economy grows 1.4% in fourth quarter

    Feb 14, 2019 10:31am
    Japan’s economy expanded in the fourth quarter as business and consumer spending recovered from natural disasters, Reuters reports. The 1.4 percent annualized expansion in October-December matched the median estimate in a Reuters poll. It followed a...
  • US President Donald Trump: “It’s going along very well. We’ll see what happens, but I think it’s going along very well. They’re showing us tremendous respect.” Photo: AFP

    Trump says China trade talks going ‘very well’

    Feb 14, 2019 8:01am
    US President Donald Trump said trade talks with China were “going along very well” as the world’s two largest economies try to resolve their seven-month tariff war ahead of a March 1 deadline for a deal,...
  • Several countries have imposed hefty duties on American liquor in retaliation against US President Donald Trump’s tariffs on aluminum imports. Photo: Bloomberg

    Overseas tariffs sour US whiskey exports

    Feb 13, 2019 10:52am
    American whiskey makers are feeling the pain after their major overseas markets imposed hefty duties on their liquor in retaliation against US President Donald Trump’s tariffs on aluminum imports, Reuters reports. US global whiskey exports, which...
  • The overall debt shouldered by Americans edged up to a record US$13.5 trillion in the fourth quarter of 2018. Photo: Bloomberg

    Red flags emerge as Americans’ debt load hits another record

    Feb 13, 2019 8:45am
    Some red flags emerged for the US economy late last year as credit card inquiries fell, student-loan delinquencies remained high and riskier borrowers drove home automobiles, according to a report that could signal a downturn is...
  • US Trade Representative Robert Lighthizer (center) arrives at a hotel in Beijing on Tuesday. Photo: Reuters

    Trump says he may let China trade deal deadline slip

    Feb 13, 2019 7:49am
    US President Donald Trump said he could let the March 1 deadline for a trade agreement with China “slide for a little while”, but that he would prefer not to and expects to meet with Chinese...

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