Archive for March, 2007

Economy unshaken by stock tumble

JUST as nothing in China’s economic outlook justifies the slide in Shanghai stocks that sent global markets swooning, the slump in share prices is unlikely to make much of a difference to the world’s fourth-largest economy.
Economists pointed to plenty of reasons and rationalizations for Tuesday’s fall of nearly 9 percent — above all stretched valuations [...]

HK’s Economy Up 6.8 Percent in 2006

  Hong Kong’s economy leaped 6.8 percent in 2006, Hong Kong Financial Secretary Henry Tang said in his presentation of the 2007-2008 Budget to the Legislative Council Wednesday morning.    Tang said the economy has continuously enjoyed above-trend growth over the past three years and become more and more broad-based, registering an average annual increase of 7.6 percent.    Total [...]

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