Economy
China’s services PMI plunges to 6-year low of 50.6 in August
HSBC says this reflects the effect of property and credit tightening measures.
Hong Kong’s PMI plunges to 47.8 in August
As operating conditions in Hong Kong’s private sector economy deteriorates for the first time in over two years.
Jack So stays as Trade Development Council Chairman
So has been reappointed and will be Chairman for two more years.
Invest Hong Kong, Guangzhou promote Taiwan enterprises
Invest Hong Kong and the Guangzhou government co-organised a seminar in Taipei to promote their business advantages and how these can benefit Taiwan...
India’s manufacturing PMI drops to 52.6 in August
HSBC says this moderation in growth is set to continue over the next few months.
What you need to know about Hong Kong’s seemingly bearish economy
Growth has been falling since September 2010 and inflation reached 7.9% in July - what’s next?
Korea’s inflation surges to three-year high of 5.3%
Blame the 11.4% rise in food prices for the higher inflation.
Henry Tang condemns protest at public forum
The Acting Chief Executive criticised the protesters for “abusing the rights of the forum participants and disrupting what would have been a fair and...
Half of Asia’s millionaires to come from China by 2015
Julius Baer says the wealth of China’s millionaires will reach a whopping US$8.76 trillion four years from now.
China’s manufacturing PMI grows to 49.9 in August
HSBC says this is the first time it rose in three months.
Government reports $2.2b deficit
Cited as the main reason are some major types of revenue mostly received towards the end of a financial year.
Korea’s industrial production rises 3.8% in July
Morgan Stanley says production activities were affected by the holidays, and possibly by the heavy rainfall in the month.
India’s GDP eases to 7.7% in Q1-FY12
Consumer demand slowed dramatically with private consumption growth dropping to 6.3%.
Exports, imports values up
Value of total goods exports increased 9.3% while value of goods imports jumped 10.2% compared to July 2010.
Asia’s GDP growth to slow down to 6.9%
UBS says growth of small Asian economies will likely ease towards 3% next year.
Warning: Inflationary pressures to run high for a while longer
That is unless households start to react to rising prices and rein back in spending, according to an economist.
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