China promises to cut taxes, increase spending to stimulate economy
China will cut taxes by $300 billion (or about 1.2% of GDP according to JPMorgan) in an effort to increase growth in a slowing economy, deputy central bank governor Zhu Hexin, assistant finance minister Xu Hongcai, and Lian Weiliang, vice chairman of the National...
China data nudge to global growth fears
Overnight, China reported as larger than expected December trade surplus ($57.06 billion against an expected $51.53 billion) but a December year over year 7.6% drop in imports that argued for a slowdown in China's domestic economy. Economists had expected a 5%...
Why no big drop on truly bad China economic news? Look to the bond market
China and other export-oriented Asian economies delivered really grim news on growth last night and yet U.S. stocks have refused to move into the red. As of 2:20 p.m. New York time on Thursday the Standard & Poor's 500 index was up 0.07% The NASDAQ Composite was...
Asian manufacturing data spur stock tumble
It's not just China anymore. Unfortunately. The Caixin Media and IHS Markit Purchasing Managers Index for China's manufacturing sector fell to 49.7 in December  from 50.2, its lowest reading since May 2017. That confirms a trend seen in the official government PMI on...
Xi’s tough talk isn’t good news for investors
Hope you weren’t hoping for good news from President Xi Jinping’s speech Tuesday to an audience of party officials, military honchos, and business leaders on the 40th anniversary of Deng Xiaoping’s Reform and Opening Up campaign that unleashed China’s economy.
On eve of Trump-Xi talks China’s economy continues to slump, overnight data say
China's purchasing managers index (PMI) for the manufacturing sector continued to slump in November, overnight data showed. The index dropped to 50, the level that marks the divide between expansion (above 50) and contraction (below 50.) The new export orders...Mixed news in Alibaba’s new Singles’ Day sales record
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China’s economy slows; China’s stocks gain
It's only confusing if you don't know the relationship between growth in the Chinese economy and gains in the Chinese stock market. News overnight on Monday had the official purchasing managers’ index (PMI) dropping down to 50.2 in October, the lowest since July 2016...
The good news is that bad news was bad enough to bring China’s regulators into the stock market
Stocks rallied today, Friday, after falling hard yesterday. The catalyst for the upswing? Disappointing third quarter GDP growth that was bad enough to bring China's securities regulators into support stocks. The Shanghai Composite index closed up 2.58% today. In the...
Wall Street sees a Trump administration trade strategy: Let’s all gang up on China
Today Wall Street and trade analysts are saying that they see a grand strategy in the U.S.-Mexico-Canada trade deal announced yesterday, in the trade deal with South Korea, and in negotiations with Japan and the European Union. The goal, this analysis says, is to put...
China’s economy continued to slow in September so Shanghai stocks moved up
On Saturday the Chinese government and private surveys released more numbers showing that the country's economy was slowing. In September growth in China's manufacturing sector stalled after 15 months of expansion, according to the Caixin/Market Manufacturing...Jim’s Stock Alerts
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