27 May 2018

Macro Economy

  • The Federal Reserve appears unfazed by the strong US dollar and aggressive policy actions by foreign central banks. Photo: Bloomberg

    Fed wary of economic turbulence abroad

    Jan 8, 2015 8:28am
    US Federal Reserve officials said economic turbulence overseas posed a significant risk to the US economy when they met in December, but also noted the policy makers in Europe and elsewhere were ready to respond with...
  • Monetary easing could lead to excessive fund flows into China's property and stock markets, without benefiting the real economy, says Goldman Sachs' Ha Jiming. Photo: HKEJ

    China must tread carefully on monetary easing: Ha Jiming

    - Jan 7, 2015 9:54am
    Monetary easing policies, including rate cuts that boost liquidity in the market, are likely to hurt the Chinese economy as money could flow into the wrong sectors, according to a senior private investment professional. Authorities should be...
  • The projects are part of China's efforts to stimulate growth without resorting to a full-blown stimulus. Photo: Bloomberg

    China fast-tracks projects worth US$1 trn to spur growth

    Jan 7, 2015 8:42am
    China is accelerating 300 infrastructure projects valued at 7 trillion yuan (US$1.1 trillion) this year in a bid to shore up the economy’s slowing growth. The projects were approved as part of a broader 400-venture, 10...
  • Stephen Peepels of DLA Piper said 15 Chinese tech  firms listed in the US last year, more than the total in the previous three years. Photo: EJ Insight

    More Chinese tech firms may opt to list in US: DLA Piper

    - Jan 6, 2015 6:55pm
    More technology firms in China may list their shares on US stock exchange rather than in Hong Kong after tech giant Alibaba Group Holding Ltd.’s successful initial public offering in New York in September, a top executive...
  • Fewer Americans are out of work. The US unemployment rate has fallen from 8.6 percent in November 2011 to 5.8 percent in November 2014. Photo: Bloomberg

    Paul Krugman and the Obama recovery

    - Jan 6, 2015 11:03am
    For several years, and often several times a month, the Nobel laureate economist and New York Times columnist and blogger Paul Krugman has delivered one main message to his loyal readers: deficit-cutting “austerians” (as he calls...
  • Catherine Cheung of Citi is uncertain about the short-term outlook for the A share market but is upbeat about its long-term prospects. Photo: EJ Insight

    Insurance sector top Citi pick in China equity market

    - Jan 5, 2015 5:44pm
    The insurance sector will continue to be the top pick in China’s equity markets this year, the firms’ H shares being the best bets, Citibank said Monday. “Besides the rally in the A share market, what’s...
  • Crude oil prices have fallen to multi-year lows, leading to lower costs at the pump for consumers. Photo: Bloomberg

    Oil prices at lowest level since May 2009; euro hits 9-yr trough

    Jan 5, 2015 2:44pm
    Crude oil prices slumped to fresh five-and-a-half-year lows amid continuing worries about a surplus of global supplies and weak demand. US benchmark crude slid as low as US$51.40 a barrel on Monday, its lowest level since...
  • The new policy will require China's nearly 40 million public sector employees to make contributions to the pension fund. Photo: AFP

    Mainland pension reform a boon for headhunters

    - Jan 5, 2015 9:55am
    China’s effort to eliminate its dual-track pension system will prompt a migration of talent from the public sector to the private sector, benefiting job agents and headhunters. The reform measures, announced by the central government at...
  • China plans to focus on high-tech industries amid a slowdown in the traditional manufacturing sector. Photo: Bloomberg

    China aims to triple patent filings by 2020

    Jan 5, 2015 7:46am
    China aims to triple the number of patents it files by 2020 as the nation seeks to become a bigger player in high-technology industries, Reuters reported, citing an official statement issued Sunday. Asia’s largest economy is...
  • China's younger generation is increasingly opting for online shopping, providing a new growth engine for the economy. Photo: Xinhua

    China economy to rely more on e-shoppers, not homebuyers

    - Jan 2, 2015 5:38pm
    China’s e-shoppers will take over homebuyers as the main engine of economic growth in the years ahead. The nation has transformed its economy from an agricultural backwater into an industrial power within three decades after the government kicked...
  • A worker arranges spools of yarn at a textile factory in Shandong province. Chinese manufacturers fight rising costs and softening demand in a cooling economy. Photo: Reuters

    China may unveil more stimulus measures amid weak PMI

    Jan 2, 2015 10:24am
    China’s factory activity sputtered in December, underlining the challenges facing the country’s manufacturers as they fight rising costs and softening demand in a cooling economy. After a rough 2014, the world’s second largest economy looks set...
  • Primavera Capital chairman Fred Hu Zuliu says China's current economic growth target is too high.  Photo: HKEJ

    China economy to grow 6-7% in next decade: Fred Hu

    - Jan 2, 2015 9:38am
    China’s economy is likely to grow at a pace between 6 and 7 percent annually in the next 10 years, bolstered by urbanization, private consumption and new technology, Fred Hu Zuliu, chairman of China-based investment firm Primavera Capital...
  • The weak manufacturing performance supports the argument that the government may need to roll out more support measures to avert a sharper economic slowdown. Photo: AFP

    China factory activity shrinks as slowdown deepens

    Dec 31, 2014 3:19pm
    China’s manufacturing activity shrank for the first time in seven months in December, a private survey showed on Wednesday. The weak performance supports the argument that the government may need to roll out more support measures to avert a...
  • Inflation is forecast to top 10 percent next year and the economy is expected to shrink another 4 percent due to falling oil prices. Photo: Bloomberg

    Russia GDP shrinks for first time in five years

    Dec 30, 2014 8:50am
    Russia’s economy shrank in November, the first contraction in five years, thanks to western sanctions, a falling ruble and plummeting oil prices.  Gross domestic product fell 0.5 percent last month, the first drop since October 2009,...
  • Humen bridge connects a town in Dongguan with a district in Guangzhou. Photo:

    Pearl River Delta will eventually become one big community

    - Dec 29, 2014 4:15pm
    Cities in the Pearl River Delta will eventually merge into one big community as living patterns evolve and people get used to living their lives within a circle defined by up to an hour’s travel from...
  • The country's trade figures have repeatedly fallen short of expectations in the second half of this year, providing more evidence that the economy may be facing a sharper slowdown. Photo: Bloomberg

    China trade growth seen missing 2014 target

    Dec 29, 2014 9:46am
    China’s trade will grow 3.5 percent this year, below the country’s current 7.5 percent official growth target, Reuters said, citing a report on the Ministry of Commerce website that was later revised to remove the numbers....
  • The free trade zone concept is being extended from Shanghai to Guangdong, Fujian and Tianjin. Photo: Bloomberg

    China to ease FTZ investment rules

    Dec 29, 2014 9:37am
    Investment rules will be eased for three years in China’s new free trade zones (FTZs) in Tianjin and in Guangdong and Fujian provinces, Xinhua reported. In these zones, foreign companies won’t need government approval to set...
  • Prime Minister Shinzo Abe said the package will support private consumption and boost regional economies. Photo: AFP

    Japan unveils US$29 bln spending package

    Dec 29, 2014 8:09am
    Japan will try to boost the economy with a 3.5 trillion yen (US$29 billion) fiscal stimulus package after consumption plunged following a sales tax hike in April. The measures include shopping vouchers, subsidized heating fuel for...
  • Edward Au (left) and Dick Kay of Deloitte are confident that Hong Kong will remain among the top three IPO markets in 2015. Photo: EJ Insight

    Hong Kong IPO market to see slowdown in 2015: Deloitte

    - Dec 23, 2014 7:12pm
    Hong Kong is expected to clinch fewer initial public offering deals and raise less capital next year amid macroeconomic headwinds, according to accounting firm Deloitte China. The city remains the world’s second largest IPO venue for the...
  • A number of H shares are traded at a discount of 30 to 40 percent to their A counterparts, suggesting that global investors still hesitate to jump on the bandwagon. Photo: HKEJ

    A-share performance in 2015 depends on MSCI index inclusion

    - Dec 23, 2014 6:07pm
    The mainland’s A-share market may have a strong upside next year if it makes it to the MSCI China and emerging markets indices. Chinese authorities have been breeding a bull market to stem a hard landing...

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