Hong Kong GDP Rises 7.1% in Q1
May 16, 10:54 AM EDT |
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| Imports of goods also increased by 8.4% in real terms in the first quarter of 2008. |
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| In the first quarter of 2008, the Gross Domestic Product increased by 7.1% in real terms over a year earlier, compared with the 6.9% growth in the fourth quarter of 2007. On a seasonally adjusted quarter-to-quarter comparison basis, GDP recorded an increase of 1.8% in real terms in the first quarter of 2008. |
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China Retail Sales Rise in April
May 13, 11:09 AM EDT |
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| From January to April, the total retail sales of consumer goods reached 3,369.7 billion yuan, a year-on-year increase of 21%. |
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| In April, the total retail sales of consumer goods reached 814.2 billion yuan, a year-on-year increase of 22%. |
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Hong Kong Goods Exports Rise 5.8% in March
May 13, 9:57 AM EDT |
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| Comparing March 2008 with March 2007, the prices of re-exports of goods increased by 2.6%, while those of domestic exports increased by 3.8%. |
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| In March 2008, the volume of Hong Kong''''s re-exports of goods increased by 6.4% over March 2007, whereas that of domestic exports decreased by 9.5%. Taken together, the volume of total exports of goods increased by 5.8%. Concurrently, the volume of imports of goods increased by 3%. |
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IIP Growth Falls to 3% in March
May 12, 4:51 AM EDT |
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| For the year mining industry recorded a rise of 5%, manufacturing increased 8.6% and utilities gained 6.4% for the twelve months ending in March 2008. |
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| India''''s industrial production growth fell to 3% in March 2008 from February, slowing from the unrevised 5.3% rise in February, according to data released by the Central Statistical Organization. The industrial production rose at 8.1% for the twelve months ended in March 2008 from the previous year after rising at a rate of 8.7% for the period ending in February. |
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China's PPI Gains 8.1% in April
May 12, 4:04 AM EDT |
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| From January to April, PPI grew 7.2%, year-on-year; the purchasing price for raw materials, fuels and power products increased 10.3%. |
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| In April, Producers’ Price Index for manufactured goods up by 8.1% from the same month last year; purchasing prices for raw material, fuels and power rose by 11.8%. |
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China's CPI Rises 8.5% in April
May 12, 3:50 AM EDT |
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| From January to April, the general level of accumulated CPI increased 8.2% year-on-year. |
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| In April, consumer price index rose by 8.5 percent over the same period of the previous year. Of which, urban area and rural area was up by 8.1%and 9.3% respectively; the price of foodstuff, non-foodstuff, consumable and services expanded 22.1, 1.8, 10.6, and 1.7% respectively. Compared with March, CPI increased 0.1% slightly; the foodstuff was down by 0.1%, of the total, fresh vegetable and fresh eggs declined 9.2 and 0.5% respectively. |
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RBI Focuses on Inflation
Apr 29, 1:59 PM EDT |
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| RBI shifts its focus to fight inflation from the stimulating economic growth. RBI hopes to lower inflation to 5% in the near term. |
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| The Reserve Bank of India left its key rate unchanged at 6% and issued a guideline to fight inflation and control liquidity. The central bank hiked cash reserve ratio by 25 basis points to 7.75%. The RBI also said that the inflation for the current fiscal year should be brought down to 5% and in the longer term to 3%. The central bank also estimated the economic growth rate int he current fiscal year between 8% and 8.5%. |
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Hong Kong Retail Sales Rise in March
Apr 29, 9:14 AM EDT |
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| Taking the first quarter of 2008 together, total retail sales increased by 17.5% in value or 11.6% in volume over the same period a year earlier. |
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| The value of total retail sales in March 2008, provisionally estimated at $22.6 billion, increased by 20% over a year earlier. After netting out the effect of price changes over the same period, the volume of total retail sales increased by 13% in March 2008 over a year earlier. |
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Japan's Consumer Prices Rise in March
Apr 25, 10:04 AM EDT |
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| The consumer price index for Ku-area of Tokyo in April 2008 was 100.8, up 0.3% from the previous month, and up 0.6% over the previous year. |
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| The consumer price index for Japan in March 2008 was 101.0(2005=100), up 0.5% from the previous month, and up 1.2% over the previous year. |
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Hong Kong Goods Exports Rise 7.6% in March
Apr 24, 2:06 PM EDT |
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| For the first quarter of 2008 as a whole, the value of total exports of goods rose by 10.5% over the same period in 2007. |
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| In March 2008, the value of total exports of goods increased by 7.6% over a year earlier to $222.5 billion, at the same rate of year-on-year increase as recorded in February 2008. |
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