20 August 2018

Macro Economy

  • Premier Li Keqiang is calling China's slowing growth the 'new normal'. He has set a GDP growth target of about 7 percent for this year. Photo: Reuters

    China lowers GDP growth target to 7%

    Mar 5, 2015 11:44am
    China is tamping down its expectations for the economy with a growth target of “around 7 per cent” for this year. Premier Li Keqiang said the government expects the economy to slow further after the slowest...
  • Almost three-quarters of US companies in Shanghai believe its free trade zone offers no tangible benefits for their business. Photyo: WSJ

    US firms skeptical about Shanghai FTZ

    Mar 5, 2015 8:26am
    Shanghai’s free trade zone continues to draw skepticism from United States companies which doubt its business benefits. The sentiment reflects concern by American companies in China about a growing anti-foreign mood, the Wall Street Journal reported...
  • Fern Ngai says many Hong Kong companies remain complacent about gender diversity on their boards. Photo: EJ Insight

    Female board members in HK still lag global counterparts

    - Mar 3, 2015 7:11pm
    The proportion of women on the boards of the companies on the Hang Seng Index (HSI) has risen to 11.1 percent this year from 9.6 percent last year. It is the highest ratio in five years...
  • China's rapidly aging population is a flashing sign, along with its massive local government debt, overpriced stocks and a bubbling property market. Photo: todayonline

    Why China will end up as a would-be economic superpower

    Mar 3, 2015 3:12pm
    China is not going to surpass the United States as the world’s main economic power any time soon and a major crisis will expose its weaknesses that are not apparent now. That’s how Japan imploded in...
  • Weak export orders remain a drag on China's manufacturing sector, a new survey shows. Photo: Reuters

    HSBC China PMI rises but export orders remain a concern

    Mar 2, 2015 10:30am
    A gauge of Chinese factory activity inched up to a seven-month high but there was not much room for cheer as export orders shrank and deflationary pressures persisted, according to a private survey sponsored by HSBC....
  • Negative bond yields are occurring in countries and regions where the currency is depreciating and likely to depreciate further, including Germany and other parts of the eurozone core. Photo: Internet

    Negative way to growth

    - Mar 2, 2015 9:08am
    Monetary policy has become increasingly unconventional in the past six years, with central banks implementing zero interest rate policies, quantitative easing, credit easing, forward guidance and unlimited exchange rate intervention. But now we have come to...
  • President Xi Jinping must show his good faith to neighbors that are wary of China's growing power. Photo: Bloomberg

    One Belt, One Road: a journey full of risks

    - Feb 26, 2015 12:56pm
    “One Belt, One Road” is so far the most important initiative China’s President Xi Jinping has proposed in terms of relevance to regional economies. The Silk Road Economic Belt and the 21st Century Maritime Silk Road,...
  • With the Chinese economy losing traction, key cities like Shanghai have stopped announcing GDP growth targets. Photo: Sunny Sky for EJ Insight

    The China slowdown and its implications

    - Feb 25, 2015 12:47pm
    China’s economy has been cooling down since 2008 and uncertainties have been on the rise. This has prompted President Xi Jinping to lay out social stability as a key task for the government. The mainland’s economic...
  • Federal Reserve chief Janet Yellen is shown on a monitor at the New York Stock Exchange. She said an interest rate hike is possible on a 'meeting-by-meeting' basis. Photo: Reuters

    Fed chief signals rate hike likely soon

    Feb 25, 2015 7:52am
    Federal Reserve chairman Janet Yellen said an interest rate hike may be considered on a “meeting-by-meeting basis”, another sign the United States central bank is preparing to end its ultra loose policy. Yellen told a senate...
  • Eurogroup chairman Jeroen Dijsselbloem and other eurozone finance chiefs backed the Greek reprieve after being presented with a list of reform by Athens. Photo: Reuters

    Hard work begins after Greece wins eurozone reprieve

    Feb 25, 2015 7:34am
    Greece has won a four-month extension of its eurozone financial rescue after creditors approved a reform plan. In turn, Athens backed away from some contentious proposals and promised to keep its budget from being derailed by...
  • A pedestrian walks a dog along a street graffiti in Athens. The left-wing government has vowed to  fight tax evasion as well as tackle fuel and tobacco smuggling, among other reform proposals. Photo: Bloomberg

    Greece unveils summary of reforms for bailout extension

    Feb 24, 2015 1:15pm
    Greece has unveiled a summary of measures it plans to take to secure a bailout extension. The list includes plans to fight tax evasion as well as tackle fuel and tobacco smuggling. Officials said they were releasing the...
  • Ceajer Chan Ka-keung (second from right), Secretary for Financial Services and the Treasury, attends the first trading day of the Chinese Gold and Silver Exchange Society in the Year of the Goat. Photo: HKEJ

    Govt eyes ‘counter-cyclical’ measures to curb rising home prices

    - Feb 23, 2015 3:53pm
    Ceajer Chan Ka-keung, Secretary for Financial Services and the Treasury, said on Monday the government is considering counter-cyclical measures to curb rising home prices. Speaking after a ceremony marking the first trading day of the Chinese...
  • China aims to enhance its economic and geopolitical interests through the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives. Credit:

    Why China is so keen on pushing ‘One Belt, One Road’

    - Feb 23, 2015 12:56pm
    After announcing the “Silk Road Economic Belt” and “21st Century Maritime Silk Road” in September and October 2013 respectively, Chinese leader Xi Jinping began promoting the concepts actively last year. The Silk Road Economic Belt starts from...
  • President Xi Jinping (left) and Russian leader Vladimir Putin have forged a closer strategic relationship. Photo: Xinhua

    China: Friend or foe of Russia?

    - Feb 23, 2015 11:36am
    While the European Union is considering whether to impose new sanctions on Russia, the latter has become more proactive in looking eastward, particularly toward China. What remains unclear is how much China can offer Russia as...
  • A carnival float depicting Greek Prime Minister Alexis Tspiras passes through the main street in the southwestern town of Patras. Tspiras' government is preparing a reform plan ahead of Monday's deadline on a eurozone bailout extension. Photo: R

    Greece under pressure as reform deadline looms

    Feb 23, 2015 8:12am
    Greece is under pressure to put together a comprehensive reform package ahead of Monday’s deadline with international creditors. If the proposal is approved, Athens will get a four-month extension on its debt repayments, according to BBC...
  • Austerity-induced suffering is particularly extreme in Greece, with a large burden placed on taxpayers. Photo: Reuters

    Why Europe fiscal austerity is unsustainable

    - Feb 17, 2015 9:38am
    Over the past five years, the eurozone has, without explicit popular consent, maintained a strict policy focus on fiscal austerity and structural reforms despite serious social repercussions, not only in the Mediterranean periphery and Ireland but...
  • The industrial sector will mainly benefit from higher income levels and a lower savings rate in the long run, Gan Jie says. Photo: EJ Insight

    Monetary easing in China won’t help industry, professor says

    - Feb 13, 2015 7:03pm
    China’s policy of monetary easing will not help the industrial sector, since it is not in need of financing, a Hong Kong General Chamber of Commerce lunch meeting was told Friday. “Financing is not a bottleneck for the...
  • A relatively closed capital account and local-currency-denominated borrowing make China's debt problem manageable. Photo: Bloomberg

    Does China have a ‘debt bomb’?

    - Feb 13, 2015 10:46am
    Conventional wisdom has it that China has built up an excessive amount of debt that would crush its economy sooner or later. The following debt data has often been cited as a warning of the nation’s...
  • Economic headwinds from China are a major cause of stalled recovery in the world economy. Photo: Bloomberg

    What happened to global economic recovery?

    - Feb 13, 2015 9:19am
    Last year, the global economy was supposed to start returning to normal. Interest rates would begin rising in the United States and the United Kingdom, quantitative easing would deliver increased inflation in Japan and restored confidence...
  • Greece’s Prime Minister Alexis Tsipras addresses a news conference after attending a EU leaders summit in Brussels on Thursday. Photo: Reuters

    Greece agrees to talk to creditors amid EU pressure

    Feb 13, 2015 8:48am
    Greece agreed on Thursday to talk to its creditors about the way out of its international bailout, marking a climbdown by the nation’s new leftist-led government, Reuters reported. Prime Minister Alexis Tsipras, attending his first European...

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