Hong Kong's unemployment rate might rise by the end of the year

Note: This section contains information in English only.
Source: Bloomberg
Unemployment in Hong Kong may rise in the upcoming month as the global economy weakens. Moreover, school graduates and recent alumni add pressure to the labor market. Economists suppose that jobless rate might advance by 0.1% in June, from 3.2% to 3.3%. Hong Kong's second largest bank's economist, Joanne Yim, proposed unemployment could rise to 4% by the end of 2012, nonetheless, there are currently no worries in the society and job seekers seem to be optimistic.
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Thu, 19 Jul 2012 10:21:18 GMT

Rise in prices of Chinese property after eight months of depreciation

After the eight-month long fall, prices for property fractionally grew in 70 China's cities in June. In Beijing the increase of prices was 0.3%, whereas in Shanghai - 0.2%. Most probably the rise was caused by two interest rate cuts by the PBOC in the last months, which presumably encouraged real estate sector to recover.

Thu, 19 Jul 2012 16:58:33 GMT

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