A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
China’s economy contracted sharply in April, as lockdowns, particularly in Shanghai, depressed business and manufacturing activity and prevented consumers from spending. Industrial output experienced only the second monthly contraction since 1990. Retail sales fell 11.1% y/y in April, the biggest fall since March 2020. In Shanghai, the citywide lockdown meant not a single car was sold last month. The unemployment rate in China’s 31 largest cities climbed to a new high of 6.7% in April. The jobless rate among those aged 16 to 24 hit a record 18.2%.
17/05/2022 - 8:10am Business and Market Discussion
James Wong, Managing Director and Chief Investment Officer at Lead Securities says that China’s infrastructure plans will have to wait for several months until companies can recover from the lockdowns.
Carlos Casanova, Senior Asia Economist at UBP suggests stimulus in China should focus on reviving demand.
17/05/2022 - 8:25am View from Japan