February 21, 2022 | Daily JAM, Mid Term |
The People’s Bank of China increased its cash injections into the financial system via reverse repos to 100 billion yuan ($15.8 billion). That resulted in a net injection of 90 billion yuan. The PBOC had been draining cash in the last two weeks, which is routine following the Lunar New Year holiday.
January 31, 2022 | Daily JAM, Morning Briefing |
Output from China’s manufacturing sector slowed to its weakest in almost two years in January, according to the Caixin/Markit Purchasing Managers Index. The index dropped to 49.1 in January from 50.9 in December. In the index a reading below 50 indicates that output is contracting rather than expanding. The January level is the weakest since February 2020 when much of the country was on lockdown during the first wave of the Covid-19 virus.
December 6, 2021 | Daily JAM, Morning Briefing |
It’s the People’s Bank to the rescue. Today, December 7, China’s central bank announced that it would reduce the reserve requirement for most banks in China by 0.5 percentage points on December 15. The move has the effect of releasing 1.2 trillion yuan, about $188 billion dollars, in liquidity into China’s economy.
September 30, 2019 | Daily JAM, Morning Briefing |
Just days after Bloomberg reported that the Trump Administration is thinking of restricting cash flows from US investors into Chinese companies, the People's Bank of China said it would step up stimulus measures to counteract the effects of the U.S.-China trade war....
September 17, 2019 | Daily JAM, Short Term |
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...
November 30, 2018 | Daily JAM, Mid Term |
Take your pick. Either story shows the deep stress in China's banking system at a time when China's economy is already slowing. Story 1: After trying to regulate the Peer to Peer lending industry, Beijing has decided to shut down most of the $176 billion market,...
October 1, 2018 | Daily JAM, Mid Term, Morning Briefing |
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...
