No Need To Adjust GDP Forecast
Financial Secretary Paul Chan today said it is currently premature to adjust this year’s Gross Domestic Product forecast.
Speaking to reporters after attending a radio programme, Mr Chan said the Government is closely monitoring the Sino-US trade negotiation.
“The negotiation has been quite bumpy. Although lately there has been some negative news, we do think that it is premature to adjust our GDP forecast for the year at this stage. We will continue to follow our practice to update this forecast in August.”
He added the financial market could react quite volatilely to sentiment changes in the trade negotiation and reminded people to be cautious and watch out for risks when investing.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more