'The beginning of the end.'
Here's what it means for growth.
Export growth slowed to 10 per cent.
[credit provider=”Guang Niu/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/residents-watch-a-competitior-in-the-extreme-sports-games-news-photo/53184037″] For some, a Chinese hard landing isn’t off the table. But one detail from December’s trade report could disappoint those expecting it. Societe Generale’s Wei Yao, who was named the second most accurate forecaster on the Chinese economy by Bloomberg, has previously explained that imports are […]
Improving Chinese economic data have many experts saying that the economy has bottomed out, and that the possibility of a hard economic landing is off the table.
[credit provider=”AP Photo/Alexander F. Yuan” url=”http://beta.apimages.com/metadata/Index/China-Astronomy-IAU/95ba28ef06e840bcb0569315423079d8/239/0″] After China’s leadership handover in November, media outlets everywhere said that those expecting big reforms out of China would be disappointed. The argument was that Jiang Zemin and his conservative ‘princeling’ faction won the battle in the make-up of the Politburo Standing Committee and […]
Those looking for major political and economic reforms in China are likely to be disappointed.
[credit provider=”Feng Li/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/man-rides-a-bicycle-past-the-national-flag-made-up-of-100-news-photo/77009864″] When China approved massive infrastructure projects over a two day period, a move celebrated by markets, we pointed out some big red flags.Now Societe Generale’s Wei Yao is out with a new note in which she questions the ‘hype’ over the stimulus projects as well.
The Shanghai Composite fell 0.7 per cent in overnight trading, reaching a new 3.5-year low, and down 2.7 per cent in August. The index fell as investors were disappointed by Beijing’s failure to announce policy inaction.
Chinese non-performing loans (NPL) reached 456.4 billion yuan at the end of the second quarter, but the non-performing loan ratio held steady at 0.9 per cent.
[credit provider=”Guang Niu/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/chinese-labourers-work-at-a-factory-producing-the-beijing-news-photo/75927863″] After climbing to a five-month high in July, China’s HSBC Flash PMI fell to 47.5 in August. And a look at the sub-indices didn’t offer any rays of hope either.A look at this report prompted Societe Generale’s Wei Yao to write, “This flash report is […]
A lot has been written about the Chinese slowdown and whether the economy is bottoming out. An important part of the story is that China’s corporate sector has taken a huge hit because of the slowdown.