October 24, 2022 | Daily JAM, Morning Briefing |
Last Monday, with the National Congress of the Chinese Communist Party moving toward approving a new 5-year term for current President Xi Jinping, the National Bureau of Statistics delayed the release of key economic data.
Today, with the National Congress over and President Xi reinstalled at the top of the Party, China’s National Bureau of Statistics released the data.
And as every economist outside China expected, the data showed disappointing weakness in China’s economy.
August 5, 2021 | Daily JAM, Short Term |
With the report of 94 new local infections marking the broadest outbreak since the first in Wuhan in 2019, China imposed new restrictions on travel in 144 of the worst hit areas. The new rules curtail public transit and taxi service, curb train and subway service, and re-imposed quarantines.
July 12, 2021 | Daily JAM, Morning Briefing |
The announcement last week by the People’s Bank of China that it would cut the reserve requirement for China’s big banks by 50 basis points has led to fears that China’s economy might be slowing from its peak pandemic growth rate. While economists had been expecting the move from the People’s Bank, they weren’t expecting such as large cut so soon. Which has led to fears the the People’s Bank moved so aggressively because China’s growth rate is slowing. Data on second quarter GDP is due to be released on Thursday and economists are expecting that growth in the quarter slowed to 8% from the record gain of 18.3% in the first quarter, according to a Bloomberg survey of economists. Growth in retail sales, industrial production, and fixed asset investment is expected to moderate too.
October 19, 2020 | Daily JAM, Mid Term, Morning Briefing |
China’s gross domestic product climbed 4.9% in the third quarter from a year ago, according to data released by the Chinese government on Monday. That's lower than economists surveyed by Bloomberg had projected but a faster rate than the 3.2% growth seen in the second...
May 23, 2020 | Daily JAM |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Two...
February 6, 2020 | Daily JAM |
Great post by Dan Weinland and George Hammond in the Financial Times today, February 6. The coronavirus has devastated China's $43 trillion property market. The crash in the sector, which contributes 25% of China's GDP, could drop China's GDP growth to 4% in the first...
February 11, 2019 | Daily JAM, Long Term, Morning Briefing |
Welcome back! The Shanghai and other Chinese stock markets re-opened today after the Spring Festival/Lunar New Year holiday. And investors and traders were greeted with a dose of bad news. First, according to the official China Daily, China's economic growth rate will...
January 19, 2018 | Daily JAM, Morning Briefing |
China’s GDP grew at a 6.8% year over year rate in fourth quarter. That represents a slight improvement on the expected 6.7% growth rate and an absolutely “perfect” continuation of the 6.8% year over year growth recorded in the third quarter. Data this good from China always raises the suspicion of either manipulation of the numbers or intervention by the Beijing government.
October 30, 2017 | Daily JAM, Morning Briefing |
Over night Chinese stocks fell the most since early August. Sovereign bonds led the way lower, extending a monthlong retreat on fears that the government will step up efforts to reduce leverage in the financial system. The Shanghai Composite was down by as much as 1.7% on Monday before closing down 0.77%. The ChiNext index of smaller stocks closed off 2.12%. Bond prices fell.
July 17, 2017 | Daily JAM, Morning Briefing |
Talk about hitting your marks! Second quarter GDP grew in China at a 6.9% year over year rate, Beijing reported over the weekend. The consensus projection called for 6.8% growth. In the first quarter China’s GDP grew at 6.9% year over year.
July 14, 2017 | Daily JAM, Uncategorized |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
April 17, 2017 | Daily JAM, Morning Briefing |
The National Bureau of Statistics reported that China’s GDP climbed by 6.9% in the first quarter. That’s a pick up from 6.8% growth in the fourth quarter of 2016 and marks a second-straight quarter of acceleration for China’s economy. It’s the first two-quarter acceleration in seven years. Economists surveyed by Bloomberg were projecting 6.8% growth
