An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy. From coffee to cars to clothes, China's discount retailers have cut prices on just about everything as they chase a consumer whose confidence has been battered by a property crisis, high unemployment and a gloomy economic outlook. "If this situation continues, China may end up with what we call a vicious cycle: lower value added consumption, deflation, low profit rates leading to low wages, which further pushes consumers to downgrade their consumption," said He-Ling Shi, an economics professor at Monash University in Melbourne.
Golf and respect used to be foursomes partners. Sadly, it looks as if the old boys have fallen out and harrumphed off to find new partners.
As global markets exhibit mixed signals with regions like the U.S. and Europe showing varied economic data, the Hong Kong market has demonstrated resilience with a notable rise in the Hang Seng Index. This backdrop sets an intriguing stage for examining growth companies in Hong Kong, particularly those with high insider ownership, which can signal strong confidence in a company's future from those who know it best.
Thru | Total | Purse | ||
---|---|---|---|---|
F | -8 | $4,000,000 | ||
F | -7 | $2,200,000 | ||
F | -4 | $1,400,000 | ||
F | -3 | $1,000,000 | ||
F | -2 | $766,667 | ||
F | -2 | $766,667 | ||
F | -2 | $766,667 | ||
F | -1 | $579,000 | ||
F | -1 | $579,000 | ||
F | -1 | $579,000 |