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Posts Tagged ‘China economy’

China economy headed to “stable,” U.S. forecast to relative slip

China's economy grew by 6.1% in 2019. That's down from 6.6% in 2018. But the 2019 figure meets the government's target, and December industrial output rose 6.9% year over year, ahead of the 5.9% forecast by economists. Retail sales climbed by 8% against a forecast of 7.9%. (One caveat: The Lunar New Year arrives earlier […]

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China’s local governments go all in on land sales as stimulus efforts create problems for city governments

Land sales in major Chinese cities hit a record high in 2019, according to Caixin Global. Revenue from land sales revenue in 50 cities last year grew to a record 4.2 trillion yuan ($601.6 billion) as of Dec. 26, marking a jump of 17.6% from the same period in 2018, according to data provided by […]

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China manufacturing index shows expansion in December–but at a slower pace

Yesterday the private Markit/Caixin Purchasing Managers Index showed that China's manufacturing sector expanded in December. The 51.5 reading put the sector into expansion territory (anything above 50 marks an expansion) but was slightly below the 51.7 level forecast by economists. The Markit/Caixin index was at 51.8 in November. On Tuesday, the government released the official […]

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A lot of data for a short holiday week

Trading volumes will be low and investors attentions will be focused elsewhere than the financial markets, but this is a week with a surprising amount of market news. Tomorrow, Tuesday December 31, China announces the official Purchasing Managers Index for manufacturing. The version of the PMI from Caixin, which includes more reports from smaller, private […]

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More stimulus on the way in China

It looks like looser monetary policy is on the way in China for 2020. Chinese Premier Li Keqiang said Monday the government will study further cutting bank reserve requirements in 2020. It's a good bet that the Premier would have raised the possible policy change if the government wasn't committed to moving in that direction. […]

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Tariff news from China today should be enough to feed rally in holiday markets

We've got two short weeks coming up--since the New York markets are closed this week for Christmas and next week for New Year's--when trading volumes shrink and it doesn't take much in the way of news to move stocks up or down. I think we got that dose of "sufficient news" today when China announced […]

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China’s economy is showing big strains–that a trade deal with the United States won’t fix

Hengfeng Bank has announced that it will sell 100 billion shares in a private placement to raise cash. This is the third Chinese commercial lender to receive government assistance since May. Investors in the deal will include Central Huijin Investment (60 billion shares), an arm of China's sovereign wealth fund, an asset management company controlled […]

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IMF raises China growth forecast on announcement of Part 1 U.S.-China trade deal

The new head of the International Monetary Fund, Kristalina Georgieva, has told China's Caixin Global news service, that she expects the Part 1 agreement to boost China's GDP growth to 6% in 2020. That would be an increase from the IMF's previous projection of 5.8% made in October. Georgieva cited the announced pause to the […]

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China’s economy continues to weaken

The manufacturing sector--thanks to the U.S.-China trade war--continues to slow China’s economy. But the real problem may be an underperformance in the services sector that makes it impossible for that sector to pick up the slack. The end result is that the third quarter looks to be the weakest of the year, according to the […]

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Bad news on China’s economy and then disappointing news from the People’s Bank

The assumption in Chinese financial markets has been that if the data showed the Chinese economy slowing further, the People's Bank would ride to the rescue with increased stimulus. Well, the data did it's part on Monday. Industrial output rose just 4.4% year over year in August. That was the lowest rate of growth in […]

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