China - Economic Data & News 16 (May 17 - Dec 18)

Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Fri Dec 29, 2017 8:15 am

China may be a bigger worry for 2018, analysts say

CNBC looked through the recent 2018 outlooks from top market analysts and found that many include a potential China slowdown in their assessment of risks.

If China's currency falls and the central bank tightens liquidity, it could "raise further concerns about the growth outlook," Bank of America's David Woo says in a report.

"If clusters of credit defaults start to form, concerns about contagion into the wider economy could take hold if fears of default in wealth management products arise, UBS wrote.

Should this happen, the Chinese government, in our view, would likely have sufficient resources to prevent widespread contagion," UBS Wealth Management said.

Source: CNBC

https://www.cnbc.com/2017/12/28/china-m ... KW,189BW,1
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100692
Joined: Wed May 07, 2008 9:28 am

Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby behappyalways » Sat Dec 30, 2017 7:44 pm

China to cap overseas withdrawals using domestic bank cards

China's foreign exchange regulator will cap overseas withdrawals using domestic Chinese bank cards at 100,000 yuan ($15,370) per year.

Domestic card users will also be barred from withdrawing more than 10,000 yuan a day overseas.


Source: CNBC

https://www.cnbc.com/2017/12/30/china-t ... cards.html
血要热 头脑要冷 骨头要硬
behappyalways
Big Boss
 
Posts: 19766
Joined: Wed Oct 15, 2008 4:43 pm

Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Sun Dec 31, 2017 8:02 am

Beijing warns of ‘grim’ bond default risks as it orders local government checks

Authorities told to carry out assessments on likelihood of corporate defaults

China had a total of about 12 billion yuan (US$1.84 billion) in corporate bond defaults in 2017 – a significant drop from last year’s 40 billion yuan.


During the first three quarters this year, bonds issued by non-financial companies totalled 5.1 trillion yuan, falling by 25 per cent from the same period in 2016.


Source: SCMP

http://www.scmp.com/news/china/economy/ ... government
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100692
Joined: Wed May 07, 2008 9:28 am

Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Mon Jan 01, 2018 7:56 pm

AFTER ALL THOSE ‘HARD LANDING’ WARNINGS, DO YOU STILL WANT TO BET AGAINST CHINA?

In the 1980s China accounted for just 3 per cent of total global output and later naysayers lined up to criticise attempts at reform, but Beijing has prevailed and seems prepared to weather any storm

BY TOM HOLLAND

Demographic headwinds will become increasingly strong as China ages.

And exporting influence around the world will prove tough given China’s unappetising political model and the continued reliance of its economic model on capital controls.


Source: SCMP

http://www.scmp.com/week-asia/business/ ... l-want-bet
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100692
Joined: Wed May 07, 2008 9:28 am

Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Tue Jan 02, 2018 7:35 am

China trade grows 12pc to US$4 trillion

by Tracy Hu

The value of China's exports and imports is expected to hit US$4 trillion (HK$31.2 trillion) for 2017, the Chinese ministry of commerce said yesterday.

Ministry spokesman Gao Feng said exports and imports have already totaled US$3.7 trillion in the first 11 months, representing year on year growth of 12 percent.

"China's exports have seen a rapid growing trend, and have a significant role in stimulating the country's economic growth", Gao said.

Meanwhile, a spokesperson of the State Administration of Foreign Exchange said foreign reserves standing at the world's number one position could help maintain the stability of mainland firms' investments.

SAFE statistics show the surplus of current accounts for the first three quarters amounted to US$109.8 billion, accounting for 1.3 percent of GDP, which is described as a reasonable rate. Meanwhile, the surplus of financial and capital accounts was US$5.31 billion for the first three quarters.

SAFE also said exports and imports saw growth of 10 percent and 17 percent respectively as of the third quarter, showing a recovering trend.

Separately, the China Securities Regulatory Commission recorded its highest fines this year. According to an announcement, 224 penalties were imposed, with fines totaling 7.48 billion yuan (HK$8.95 billion), representing a 75 percent year on year growth.

In yesterday's spot market, the onshore-traded yuan rose 0.3 percent against the US dollar to 6.5339 after it hit the strongest level in more than three months earlier this week.

In Hong Kong, the Census and Statistics Department said the values of Hong Kong's total exports and imports of goods both recorded year-on-year increases in November, at 7.8 percent and 8.6 percent respectively.

For the first 11 months, the value of total exports of goods rose by 8.2 percent over the same period in 2016. Within this total, the value of re-exports increased by 8.3 percent, while the value of domestic exports was up 1.5 percent.

The value of imports of goods climbed 8.7 percent. A visible trade deficit of US$421.2 billion, equal to 10.7 percent of the value of imported goods, was seen in the first 11 months.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 1186&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100692
Joined: Wed May 07, 2008 9:28 am

Videoclips (General) 06 (Aug 16 - Jul 18)

Postby behappyalways » Wed Jan 03, 2018 8:04 pm

China's uphill struggle fighting extreme poverty
http://www.bbc.com/news/av/world-asia-c ... me-poverty
血要热 头脑要冷 骨头要硬
behappyalways
Big Boss
 
Posts: 19766
Joined: Wed Oct 15, 2008 4:43 pm

Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Thu Jan 11, 2018 7:58 pm

China Has a Great Wall of Debt Coming Due

4 trillion yuan of bonds must be repaid this year by Chinese companies

Source: Bloomberg

https://www.bloomberg.com/news/articles ... gn=markets
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100692
Joined: Wed May 07, 2008 9:28 am

Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby behappyalways » Fri Jan 12, 2018 10:46 pm

Tianjin Economic Zone Cuts 2016 GDP by $102.3 Billion
https://www.caixinglobal.com/2018-01-12 ... 97250.html
血要热 头脑要冷 骨头要硬
behappyalways
Big Boss
 
Posts: 19766
Joined: Wed Oct 15, 2008 4:43 pm

Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Tue Jan 16, 2018 7:59 pm

Xi Jinping’s Debt Clampdown Has Left a Trail of Dead Projects

Western regions, late to the investment spree, may suffer most.

1. Gansu: Lanzhou New Area
2. In Inner Mongolia, subway projects in Baotou and the capital Hohhot, were halted


Source: Bloomberg

https://www.bloomberg.com/news/articles ... gn=markets
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100692
Joined: Wed May 07, 2008 9:28 am

Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby behappyalways » Tue Jan 16, 2018 9:16 pm

China is heading toward a debt crisis that will throw into question everything we think we know about it's economy
https://finance.yahoo.com/news/china-he ... 00251.html
血要热 头脑要冷 骨头要硬
behappyalways
Big Boss
 
Posts: 19766
Joined: Wed Oct 15, 2008 4:43 pm

PreviousNext

Return to ASIA, OCEANIA & AFRICA: Data, News & Commentaries

Who is online

Users browsing this forum: No registered users and 2 guests