China Economic ReviewHong Kong's economy continues to be depressed by deflation and high unemployment. It is only the vibrancy of China's economy that is propping up the territory's reputation as a commercial and trading hub. Hong Kong's former brash self-confidence has given way to doubt and self-examination as it grapples with its second economic downturn in five […]
China's gross domestic product rose 8.1% year-on-year in the third quarter of 2002. The performance was slightly better than expectations and meant that the economy in the first nine months of the year grew by 7.9% to Yn7,168bn. Even if the rate of growth slows in the final quarter, the country is still likely to […]
The quality of Guangzhou’s infrastructure has lagged far behind its rivals Beijing and Shanghai but recent efforts have done much to improve the efficiency and cleanliness of south China’s leading city. Afew years ago, Guangzhou was known for its numerous dilapidated buildings, polluted air and rivers, illegal hawking and traffic chaos. Living in this run-down […]
China's broad measure of money supply, M2, rose 16.5% year-on-year at the end of September. The increase was one percentage point higher than at end-August and reflected the central bank's attempt to stimulate demand and solve a persistent problem of deflation. M2 measures all cash in circulation in addition to money that is held in […]
Now part of Guangzhou's administrative area, the island of Nansha could become the next economic powerhouse in southern China. For many years, Guangzhou had been jealous of Pudong – Shanghai's business district whose creation has transformed a tired old city into a modern metropolis. Now Guangzhou could have something to rival Pudong – Nansha, a […]