Asia and Pacific

World economy seeking new leader to spur growth

Friday August 28, 2015 Hugh Dixon

In the 1990s it was America spurring world economic growth, in the 21st Century it has been China fuelling the world’s economic growth.  With China showing more and more signs of a faltering economy, will the US be able to pick up the mantle, will a new country or region pick up the pieces, or will the world’s economy simply limp along waiting for China to kick start its economy? 

Chinese stock market losses dwarf Greek tragedy

Sunday July 12, 2015 Hugh Dixon

The Chinese government has over the last week gone all out in order to halt the falling prices in the Shanghai Composite Stock Exchange (SSE).   On the 9th July 2015, prices on the SSE have finally stopped falling, after they had dropped by 30 percent (or NZ$4.8 trillion) since June 12th 2015, for comparison Greece currently owes NZ$524 billion, while its GDP is NZ$351 billion.

The 2015 Australian Budget, Economic Highlights:

Thursday May 21, 2015 Hugh Dixon

The Australian Government presented their 2015 Budget on the 12th May 2015. The budget covered the Australian Government funding for the 2015/16 financial year. The Australian Government is forecast to collect a total of A$405.4 billion in revenue in the upcoming financial year, while paying A$434.5 billion in expenditure, leaving an forecast deficit of A$29.1 billion. The Australian Government has been running budget deficits since the 2008/09 financial year.

Cracking a Chinese niche market

Wednesday May 29, 2013 Dr Guang Yang

As widely publicised, the first quarter of 2013 saw China replace Australia as the main destination for New Zealand’s exports. What is also worth noting is the speed of change that has occurred in getting to this position.This is notable as it indicates a momentum, and potential, for the future.

Australian Budget 2013

Friday May 17, 2013 Hugh Dixon

Julia Gillard’s Australian Federal Government released their budget for the 2013-14 year on Tuesday 14 May 2013. The Australian government’s budget like so many around the world, including New Zealand, is aimed at returning the Australian Government’s books to a surplus.

China planning to enforce paid annual leave

Monday February 25, 2013 Dr Guang Yang

China is looking to enforce paid annual leave more rigorously to ensure that most workers can enjoy better holidays by 2020. Currently, the length of paid annual leave varies, but largely depends on how long one has served in his or her current workplace.

Australian economy continues to hum

Tuesday September 11, 2012

Australian GDP and unemployment data for the June 2012 quarter reveals that, overall, the Australian economy continues to grow strongly. But, the fact that the Reserve Bank of Australia has been lowering the Official Cash Rate throughout 2012 is an indicator that the RBA is worried that this growth will not continue without some help.

Comment: RBA raising rates because they can?

Monday May 14, 2012

The announcement by the Reserve Bank of Australia that it is raising interest rates by 25 basis points is stupefying. This is a strong statement from an author who generally has a lot of respect for the monetary policy system in Australia, which doesn’t use inflation as its sole target.

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