Official figures show improvement in China’s economy in March
China’s economy expanded at 6.4% year over year. That beat the 6.3% expected by economists surveyed by Briefing.com. That projected 6.3% growth itself marked a step up in optimism about China’s economy.
Just a reminder of how much of a speculative casino China can be
Overnight the Shanghai stock market, as measured by the Shanghai Composite Index, fell 4.4%. (Which took down other Asian markets. Hong Kong's Hang Seng Index was down 2.33%.) That's a substantial drop, no? Causes? First, a huge drop in China's exports. Exports fell...
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...
Notes You Need for January 9: China to slow, packaging stocks fall, German factory output down again, Macau gaming revenue, China stimulus
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
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...
Beijing decides it can’t stand the pain of a bear market in stocks
Yesterday, Tuesday, July 24, the Shanghai Composite Index rose 1.6% on Tuesday for its biggest three-day rally since March 2016 as the Chinese government announced measures to bump up economic growth. The plans, as usual, centered on infrastructure spending, with the...
This week will tell us how fast China’s economy is growing–officially
This is a big week for China data. By Friday we’ll know what the official growth rate for China’s economy was in the first quarter. Then all we’ll have to do is figure out how that official number correlates with reality. Estimates now call for the Friday report of first quarter GDP to show year over year growth of 6.7% in the period
Something different–and disconcerting–about today’s oil rally
I’ve got to say that the oil market seems very impressed with the impending meeting of oil producers–scheduled for March 20–that will, if everything goes right, produce promises from Russia, Saudi Arabia and other countries to freeze production at current record levels. A freeze would do nothing to reduce the current oversupply stored in tank farms and anchored tankers around the world.
China’s reserves drop in November; is a devaluation or more stimulus in the cards?
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...China’s markets rise on hope that leaders will open cash spigots at next week’s plenum
On the agenda for next week’s plenary session of China’s Communist Party “reforms” to state-owned enterprises and more stimulus for China’s economy
You mean there might be limits to government stimulus in China?
So much for calm. Today, August 18, volatility returned with a vengeance led by a plunge in China’s mainland stock markets. The Shanghai Composite Index dropped 6.15% overnight.
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