Property 

Developers set to unleash 817 flats in the biggest weekend sale since extradition bill protests rocked Hong Kong

Property sales are back in full swing. Six developers are selling 817 units, including Hong Kong’s smallest flat, in the biggest weekend sale since protests against the controversial extradition bill started in early June.Louis Chan, vice-chairman of Asia-Pacific and chief executive of residential division at Centaline Property Agency, said market sentiment has improved as tensions have eased between the US and China after the G20 summit and anticipation that possible interest rate cuts by the… Source link

Read More
Home 

China’s technology board may unleash speculative frenzy as it starts trading in two weeks

China’s Nasdaq-styled board for home-grown technology companies risks turning into a hotbed for speculators when it kicks off trading in two weeks.While the companies seeking to list on the board have priced their initial public offerings much higher than the industry average, the speculative mood could still send the stocks surging on debut, investors including Hengsheng Asset Management and Xunfunds Investment Management said. It underscores a key risk facing Chinese policymakers, who are… Source link

Read More
Home 

China should save less, stop protecting industries and liberalise instead, to unleash domestic consumption

In his influential 1954 article “Economic Development with Unlimited Supplies of Labour”, the future Nobel laureate economist Arthur Lewis concluded that “the central problem in the theory of economic development is to understand the process by which a community which was previously saving and investing 4 or 5 per cent of its national income or less, converts itself into an economy where voluntary saving is running at about 12 or 15 per cent of its national income or more”. That process, Lewis argued, “is the central problem because the central…

Read More