29 February 2020

Macro Economy

  • Zhou Xiaochuan says the speed with which inflation is slowing is a "little too quick". Photo: Reuters

    PBoC chief urges vigilance on deflation

    Mar 30, 2015 8:23am
    People’s Bank of China governor Zhou Xiaochuan warned that the country needs to be vigilant for signs of deflation, Reuters reported. The central bank chief said policymakers are closely watching slowing global economic growth and declining...
  • The Federal Reserve is determined to hike interest rates, although when it will do so remains uncertain. Photo: Bloomberg

    Why the US dollar will remain strong

    - Mar 26, 2015 2:09pm
    Is the US dollar in the middle of consolidation following a rally that started in mid-2014, or is the upward movement almost winding up? If the former case is true, how long will the consolidation last?...
  • The slowdown may force Mitsubishi UFJ Financial Group and Japan's other megabanks to expand overseas, Francis Chan (inset) says. Photo: AFP

    Sluggish growth may spur Japan to boost easing, drag on loans

    - Mar 26, 2015 12:30pm
    Japan’s economy grew 1.5 percent in the last quarter, less than earlier reported, amid falling business investment and inventories. Also, exports rose 2.4 percent, slowing from double-digit growth in January and December. Slow growth could eventually prompt...
  • The new free trade zones are intended to deepen China's ongoing financial reform, according to a statement. Photo: AFP

    China approves three new free trade zones

    Mar 25, 2015 7:14pm
    China has given approval for three more free trade zones, unfazed by the poor performance of a similar special economic area in Shanghai after 18 months of operation. The new trade zones will be in Guangdong,...
  • Hong Kong is keen on joining a new Chinese-backed Asian infrastructure bank, but some lawmakers are said to be questioning the merits of the proposal. Photo: Bloomberg

    Lawmakers divided over reported govt bid to join China-led AIIB

    Mar 25, 2015 12:11pm
    With Britain, Germany, France and several other Western powers expressing interest in joining the China-led Asian Infrastructure Investment Bank (AIIB), Hong Kong is also eager to follow suit, Ming Pao Daily reported Wednesday. However, some lawmakers...
  • China's economic prospects will be good if the nation stays the course on reforms, says the Asian Development Bank. Photo: Bloomberg

    China can continue to deliver ‘solid growth’ with reforms: ADB

    Mar 25, 2015 8:39am
    China’s economy will expand by at least 7 percent for the next two years, the Asian Development Bank (ADB) said on Tuesday, taking a more upbeat stance on the growth prospects than even Beijing itself. In...
  • Japanese Finance Minister Taro Aso said Tokyo could consider joining the bank if it could guarantee a credible mechanism for providing loans. Photo: Bloomberg

    Japan, Australia signal nod for China-led development bank

    Mar 20, 2015 3:51pm
    Japan and Australia have signaled approval of the China-led Asian Infrastructure Investment Bank (AIIB). Both are allies of the United States, which is worried about China’s growing diplomatic clout and has questioned whether the AIIB will have sufficient...
  • Fed chief Janet Yellen is unlikely to push borrowing costs to more normal levels in a hurry, given some still weak spots in the US economy and labor market. Photo: Bloomberg

    Why the Fed won’t be in a hurry to raise interest rates

    - Mar 19, 2015 6:38pm
    Seen from a broad perspective, the US Federal Reserve is unlikely to raise its key interest rate anytime soon.  Let us take a look at the world’s largest economy. The job market has shown sign of...
  • Janet Yellen said she could not rule out a rate increase in June. Photo: Bloomberg

    Fed moves closer to rate hike, lowers growth outlook

    Mar 19, 2015 8:02am
    The US Federal Reserve moved a step closer Wednesday to raising interest rates for the first time since 2006. But it lowered its projections for economic growth and inflation, signaling it is in no rush to push borrowing...
  • The antipoverty law could benefit Greece's poorest, including this homeless man in central Athens. Photo: Reuters

    Greece adopts antipoverty law, defying EU pressure

    Mar 19, 2015 7:48am
    The Greek parliament has overwhelmingly passed a “humanitarian crisis” bill to help the country’s poorest people, ignoring pressure from the European Union to halt the legislation. Germany warned that time was “tight” for debt-ridden Greece, on...
  • Hong Kong can utilize its strengths to play a key role in China's new plan to develop trade and transport links with other nations. Photo: HKEJ

    How HK can benefit from China’s ‘One Belt, One Road’ strategy

    - Mar 18, 2015 6:05pm
    Hong Kong, as an international city with long history, can play a big role in China’s “One Belt, One Road” strategy. The former British colony has been home to a number of internal organizations and serves...
  • Greece accuses Jeroen Dijsselbloem of trying to blackmail Athens. Photo: Bloomberg

    Greece rejects ‘blackmail’, seeks meeting with top EU leaders

    Mar 18, 2015 9:17am
    Greek Prime Minister Alexis Tsipras wants to meet top European leaders at this week’s European Union summit, a Greek official said. Meanwhile, Athens insisted it would not be “blackmailed” over its debt crisis, Reuters reported. The...
  • Christine Lagarde said the rate hike, along with the recent strength of the US currency, could hurt firms with huge dollar-denominated debts. Photo: AFP

    US rate rise may fuel instability in emerging markets: IMF chief

    Mar 18, 2015 9:00am
    International Monetary Fund managing director Christine Lagarde warned that emerging markets may face another period of economic instability when the United States raises interest rates this year. The IMF chief said she feared a repeat of...
  • Victor Fung (inset) says a common market will solve problems relating to red tape and conflicting customs regulations. Photos: Xinhua, CNSA

    Victor Fung backs southern China common market

    Mar 17, 2015 2:46pm
    Hong Kong billionaire Victor Fung is proposing a southern China common market comprising Hong Kong, Macau and Guangdong. Fung, chairman of global sourcing group Li & Fung Ltd., wants China to include it in its 13th Five-Year...
  • We are now in a different world where the consequences of a banknote-printing spree are paltry and quantitative easing is a well-used policy tool. Photo: Global Research

    Why QE is such a popular policy tool

    - Mar 17, 2015 12:12pm
    Quantitative easing (QE) has become a household word, yet the monetary policy tool has a very brief history. Slightly more than a decade ago, the Bank of Japan invented it when the country’s ailing economy was...
  • Japan's bigger economic stimulus comes from the government’s continued large fiscal deficits funded by money created by the Bank of Japan. Photo: Bloomberg

    Japan debt: It’s not what it looks like

    - Mar 17, 2015 10:38am
    Over the next few years, it will become obvious that the Bank of Japan (BOJ) has monetized several trillion dollars of government debt. The orthodox fear is that printing money to fund current and past fiscal...
  • Chinese Premier Li Keqiang meets college students and young job seekers in Hebei. Photo:

    Why China jobless figures are out of whack

    - Mar 16, 2015 12:14pm
    For the past 13-odd years, China’s official unemployment statistics have been at 4 percent to 4.3 percent, leading to profound skepticism. In a recent speech in Shenzhen, economist Steven Cheung put a big question mark on...
  • A job fair for college graduates in Shandong. China has been mulling over late retirement to address inadequacies in the labor force, yet despite some of its obvious benefits, few have considered the adverse impact. Photo: Xinhua

    Why delaying retirement may not be good idea for China

    - Mar 16, 2015 12:03pm
    As China’s economy slows down, creating enough jobs to keep the unemployment level from rising has become a serious challenge. But the country has to fight another battle at the same time –coming up with sufficient...
  • Bernard Chan says taking part in the RCEP would prevent Hong Kong from being excessively reliant on trade with mainland China. Photo: HKEJ

    Hong Kong urged to join ASEAN-based trade grouping

    Mar 16, 2015 11:02am
    Hong Kong should join the proposed Regional Comprehensive Economic Partnership (RCEP) to enhance the city’s competitive advantage, a deputy to the National People’s Congress said. Bernard Charnwut Chan, who is also an executive councilor, said the RCEP, also known...
  • The property sector is now almost fully open to foreign investors with limits to shareholding and scope of business all removed. Photo: Bloomberg

    Good and bad news for foreign investors in China

    - Mar 16, 2015 10:42am
    On March 13, the National Development and Reform Commission and the Ministry of Commerce jointly released a new version of Catalogue for the Guidance of Industries for Foreign Investment, which governs restrictions on investment from abroad....