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 National Bureau of Statistics reported Tuesday that the mainland’s property and construction industries contracted in the third quarter for the first time since the start of the pandemic, hit by a slump in real estate. Output in the sector fell 1.6% from a year ago.
20/10/2021 - 8:09am Business and Market Discussion
Carlos Casanova, Senior Asia Economist at UBP expects that growth in mainland China will decline in Q4 due to the debt crisis in the property sector, as housing contributes 20 to 25% of the country's GDP.
Dickie Wong, Head of Research at Kingston Securities predicts that coal supply in mainland China will not be scarce for the upcoming winter, as the country has restarted imports from Australia and the authorities will implement policies to stabilize supplies.
RTHK’s International Economics Correspondent, Barry Wood believes that inflation is not transitory in the US and worries that it will become a long term issue.
US Treasury secretary Janet Yellen warned yesterday that the US risks running out of money by October 18 after Senate Republicans blocked a bill that would have funded the federal government and suspended the debt limit.
29/09/2021 - 8:09am Business and Market Discussion
David Roche, President and Global Strategist at Independent Strategy says that China needs a more diversified mix of energy supply and relies too heavily on coal.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai thinks mainland China's energy shortage will drag down the country's GDP and create more volatility in the markets.
RTHK’s International Economics Correspondent, Barry Wood thinks it unlikely that the US will default on its debt and a compromise will be reached before then.