In this video I look at the latest data out of China, which shows an economic rebound gathering steam. I talk through how they got there, what's next, the implications, and risks to the outlook: Show More
china economy
Remember the old "Li Keqiang Index"? It comprised 3 data series and served as an alternative measure for economic activity vs the dubious official GDP statistics. One of those 3 is pictured below (the others are power consumption and loan growth). As highlighted in the latest edition of the Weekly... Show More
China’s internet companies are developing cutting-edge mobile applications and leapfrogging the titans of U.S. technology in certain respects. China is no longer simply a tech copycat: Tencent, Alibaba and Baidu are playing a leading role in China’s shift to a consumption-led economy. Capital Group expects increasing amounts of mobile innovation... Show More
As the world’s second-largest economy, China is at an important Show More
Paul Moore, Chief Investment Officer at PM CAPITAL, says if you believe current stock market action you would think we are heading for a recession. His view is that current volatility is a continuation of a ‘two steps forwards and one step back’ recovery process. “Recession concerns are being driven... Show More
CommSec Chief Economist Craig James takes a look at the economic data due out in the week ahead, including Lending Finance, the monthly inflation gauge, as well as China GDP, Retail Sales, FAI & Industrial Production MORE MARKET NEWS AT https://www.commsec.com.au/market-news/the-markets.html Show More
This morning, I was invited to talk with Bloomberg about global macro and micro issues, focusing on bank earnings and will interest rates in AUS fall… also discussed was China, Emerging Markets and the US economy Show More
Mark Pervan Head of Commodity Research at ANZ has just returned from a China trip visiting steel mills and traders – “and the consistent view is that steel demand has peaked. Most concerns revolve around the weak real estate market…Slower than pledged infrastructure spending was also becoming a drag. Related... Show More
According to the “China Beige Book” – which is published by CBB International and modeled on the survey compiled by the Federal Reserve on the U.S. economy – “Perceptions of China may be more thoroughly divorced from facts. Global sentiment on China has veered sharply bearish… too bearish. While we... Show More
A sharp selloff in China’s stock market, a surprise currency devaluation and a persistent slowdown in economic activity have raised doubts about the ability of the world’s second-largest economy to maintain the hypergrowth levels of the past two decades. Despite this, the outlook for China’s economy remains generally positive over... Show More
“In an increasingly common role reversal, companies such as the Chinese textile producer Keer Group are outsourcing production to places where the energy, raw materials, and labor are cheap and convenient -- places such as… South Carolina.” The Chairman of Keer Group says “We chose to locate our first US... Show More
In an interview with the ABC Kerr Neilson says that although he’s not “unusually” worried about China he does believe it’s growing at closer to 4% than 7%. “Well all the indicators we look at, and I'm not talking about electricity or those old fashion measures, but the other measures... Show More
The New York Times has put together an enlightening (and interactive) graphic on China’s foreign direct investment during the period 2005-2013. The infographic shows that China’s foreign investments grew nearly tenfold from 2005-2013 “helping it win allies, increase trade and secure oil and other natural resources.” The NYT notes that... Show More
Having just returned from Europe, I was struck by the different perspectives on the two dominant themes in the markets at the moment- China and Greece, the former is being painted as a political issue while the latter is being painted as an economic one. In fact, to me at... Show More
“While China's economic expansion beat analysts' forecasts in the second quarter, the country's debt levels increased at an even faster pace. Outstanding loans for companies and households stood at a record 207 percent of gross domestic product at the end of June, up from 125 percent in 2008. Bo Zhuang,... Show More
Stephen S. Roach, the former Chief Economist of Morgan Stanley says the Western World’s view of China “has darkened out of fear of asset bubbles, excess investment, and debt overhangs—precisely the same imbalances that have afflicted the major economies of the developed world over the past two decades.” However “the... Show More
The Economist writes “Lost in all the drama about the (Chinese) stockmarket is that it still plays a surprisingly small role in China. The free-float value of Chinese markets - the amount available for trading - is a third of GDP, compared with more than 100% in developed economies. Less... Show More
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BAML: Irrational exuberance is leading us to the to next crisis in China. Bloomberg reports that it is Amateur hour on the Chinese stock market as new stock accounts open at the fastest pace since 2007 and the Chinese equivalent of penny stocks are trouncing the benchmark index. But Bank... Show More