Word: honge
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...things to do in Hong Kong...
...Some economists and investors have turned mildly bullish on the Chinese economy. A February survey conducted by Merrill Lynch saw the number of fund managers who believed China's growth would be lower in the next 12 months shrink drastically. Jing Ulrich, chairman of China securities at JPMorgan in Hong Kong, noted after client meetings that "attitudes toward China's efforts to counter the economic slump seem to have turned more positive." The happy mood also showed up in Chinese stocks. By mid-February, the Shanghai stock market had surged more than 30% since the beginning of the year, making...
...everyone is so convinced. The current improvement in data "is not big enough to warrant optimism" that a recovery is around the corner, says Eric Fishwick, head of economic research at brokerage CLSA in Hong Kong, who has maintained his 5.5% growth estimate for 2009. Jun Ma, an economist at Deutsche Bank, argues that China will experience a "double-dip" or "W-shaped" recovery. While the economy may show signs of life in the near term, he believes the current upturn will fizzle and the economy won't hit a final bottom until the first half...
...Economist Jim Walker of Asianomics, an independent research firm in Hong Kong, argues that what appear to be signs of recovery in China are in fact indications that the country might be headed for long-term problems. Walker believes that Chinese policymakers aren't allowing the economy's excessive and unnecessary industrial capacity to die off naturally, keeping alive sick companies that could drag down the economy in the future. "By throwing money into the economy ... Beijing is running the risk of turning a nasty cyclical downturn into a structural problem that will take years to unwind," Walker writes. "Beijing...
...billion annually and accounts for nearly 150,000 jobs--or 12% of the city's employment. Paris is most frequently credited as the world's tourism capital, with nearly 35 million visitors in 2008 (compared with more than 15 million for No. 2 London, and 12 million for Hong Kong). Unlike many capitals, though, Paris has a unique balance of vacationers and business travelers. The latter have helped Paris maintain its lead over Singapore as the largest convention venue on earth...