China - Economic Data & News 05 (Oct 10 - Jun 11)

Re: China - Economic Data & News 05 (Oct 10 - Mar 11)

Postby winston » Mon Nov 01, 2010 1:13 pm

How accurate are such datas ? The market seems to be using it to squeeze the shorts. And if the economy is so hot, why is it at 54 and not 64 ?

Chinese manufacturing gains speed in October

Growth in Chinese manufacturing accelerated in October, spurred by a surge in new orders especially for new equipment, a survey showed Monday.

The state-affiliated China Federation of Logistics and Purchasing said its purchasing managers index, or PMI, rose to 54.7 in October from 53.8 September and 51.7 in August. Monthly readings have stayed above 50, the benchmark for expansion, for 20 straight months, it said.

China's economic growth slowed to 9.6 percent in July-September over a year earlier, down from the previous quarter's 10.3 percent.

But the survey, an indicator of future trends, suggests the economy is on track for continued stable growth, the federation said in a notice on its website.

It said the relatively strong reading for October reflected strong growth in new orders, particularly for transportation systems and other types of equipment.

Source: AP News
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Re: China - Economic Data & News 05 (Oct 10 - Mar 11)

Postby winston » Mon Nov 08, 2010 8:41 am

Another interest rate hike soon ?

Market braced for CPI jump as food prices keep rising
Monday, November 08, 2010

Inflation fears are gathering pace in China, with economists warning rising food prices could push October's consumer price index to 4.2 percent.

( Only 4.2 percent ? Have you checked out the price of garlic, diesel, corn, instant noodles, rental etc )

The index hit a 23-month high in September when it reached 3.6 percent. Most economists said inflation may have peaked last month. But the second round of US quantitative easing - announced last week - could lead to further capital inflows and more inflationary pressure.

Another interest rate hike cannot be ruled out in coming months, they added.

Beijing will release its inflation data on Thursday. Citi Investment Research economist Shen Minggao forecast a 4.2 rise in October's CPI because food prices, including for some staple items, kept rising.

"The CPI was at the peak in October, but may not fall much in November and December as prices will still be high," he said. "There is a large possibility that the index will fluctuate between 3.5 and 4 percent."

Shen believes it is necessary, and very possible, for one more rate hike this year, while a "proper acceleration" in the yuan's appreciation and further loan tightening would also help to curb inflation.

UBS Investment Research economists Wang Tao and Harrison Hu Zhipeng also expect October's CPI to climb to 4 percent. But economic growth is likely to slow, as export growth and industrial production ease, they added.

President Hu Jintao - during a visit to Portugal - said the international situation is undergoing complex and profound changes, with the world economic recovery still unstable.

But UBS' Wang and Hu believe slowing economic growth will be mild, with the underlying fundamentals remaining robust.

They also forecast a rise in October's producer price index on the back of recovering global commodity prices and strong domestic demand. BETH YE


Market braced for CPI jump as food prices keep rising

Monday, November 08, 2010

Inflation fears are gathering pace in China, with economists warning rising food prices could push October's consumer price index to 4.2 percent.
The index hit a 23-month high in September when it reached 3.6 percent. Most economists said inflation may have peaked last month. But the second round of US quantitative easing - announced last week - could lead to further capital inflows and more inflationary pressure.

Another interest rate hike cannot be ruled out in coming months, they added.

Beijing will release its inflation data on Thursday. Citi Investment Research economist Shen Minggao forecast a 4.2 rise in October's CPI because food prices, including for some staple items, kept rising. "The CPI was at the peak in October, but may not fall much in November and December as prices will still be high," he said. "There is a large possibility that the index will fluctuate between 3.5 and 4 percent."

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Shen believes it is necessary, and very possible, for one more rate hike this year, while a "proper acceleration" in the yuan's appreciation and further loan tightening would also help to curb inflation.

UBS Investment Research economists Wang Tao and Harrison Hu Zhipeng also expect October's CPI to climb to 4 percent. But economic growth is likely to slow, as export growth and industrial production ease, they added.

President Hu Jintao - during a visit to Portugal - said the international situation is undergoing complex and profound changes, with the world economic recovery still unstable.

But UBS' Wang and Hu believe slowing economic growth will be mild, with the underlying fundamentals remaining robust.

They also forecast a rise in October's producer price index on the back of recovering global commodity prices and strong domestic demand. BETH YE

Market braced for CPI jump as food prices keep rising

Monday, November 08, 2010

Inflation fears are gathering pace in China, with economists warning rising food prices could push October's consumer price index to 4.2 percent.
The index hit a 23-month high in September when it reached 3.6 percent. Most economists said inflation may have peaked last month. But the second round of US quantitative easing - announced last week - could lead to further capital inflows and more inflationary pressure.

Another interest rate hike cannot be ruled out in coming months, they added.

Beijing will release its inflation data on Thursday. Citi Investment Research economist Shen Minggao forecast a 4.2 rise in October's CPI because food prices, including for some staple items, kept rising. "The CPI was at the peak in October, but may not fall much in November and December as prices will still be high," he said. "There is a large possibility that the index will fluctuate between 3.5 and 4 percent."

ADVERTISEMENT


Shen believes it is necessary, and very possible, for one more rate hike this year, while a "proper acceleration" in the yuan's appreciation and further loan tightening would also help to curb inflation.

UBS Investment Research economists Wang Tao and Harrison Hu Zhipeng also expect October's CPI to climb to 4 percent. But economic growth is likely to slow, as export growth and industrial production ease, they added.

President Hu Jintao - during a visit to Portugal - said the international situation is undergoing complex and profound changes, with the world economic recovery still unstable.

But UBS' Wang and Hu believe slowing economic growth will be mild, with the underlying fundamentals remaining robust.

They also forecast a rise in October's producer price index on the back of recovering global commodity prices and strong domestic demand. BETH YE

http://www.thestandard.com.hk/news_deta ... 01108&fc=1
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Re: China - Economic Data & News 05 (Oct 10 - Mar 11)

Postby LenaHuat » Tue Nov 09, 2010 4:07 pm

Based on advance bookings, CCTV reported that 2011 revenue will grow 17%.
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Re: China - Economic Data & News 05 (Oct 10 - Mar 11)

Postby winston » Wed Nov 10, 2010 10:49 am

DJ MARKET TALK: China Set To Tighten By Another 75-100 Bps -BBH

0129 GMT [Dow Jones] Brown Brothers Harriman says it expects China to further tighten interest rates by 75-100 bps this cycle.

Notes FX regulator SAFE's announcement yesterday which focused on strengthening oversight of inflows, implementation of existing rules to cope with irregular inflows of hot money and maintaining China's economic and financial security; comes during week of China's monthly data deluge, with PBOC hiking 1-year T-bill yield for 2nd time in 3 weeks; adds, 'markets are bracing for strong data and continued PBOC tightening ahead.'

Notes, markets pared back CNY appreciation expectations in recent days, with 12-month NDFs now pricing in 3.2% gain vs 4% last week. But says, 'our study of the previous tightening cycle suggests that the PBOC will allow greater CNY appreciation than what the market is pricing in currently.'

Suggests investors look to establish long CNY NDF position on any CNY weakness.

Source: Dow Jones Newswire
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Re: China - Economic Data & News 05 (Oct 10 - Mar 11)

Postby profittaker » Wed Nov 10, 2010 11:15 am

counter-action by China. US release, China tighten. Andy Xie article has mentioned this, and he mentioned effects of tightening is more towards property market than stock market, due to the amount of capital/liquidity required to support stock market is much lesser. Andy Xie's view is gradual correction in China property market.

winston wrote:DJ MARKET TALK: China Set To Tighten By Another 75-100 Bps -BBH

0129 GMT [Dow Jones] Brown Brothers Harriman says it expects China to further tighten interest rates by 75-100 bps this cycle.

Notes FX regulator SAFE's announcement yesterday which focused on strengthening oversight of inflows, implementation of existing rules to cope with irregular inflows of hot money and maintaining China's economic and financial security; comes during week of China's monthly data deluge, with PBOC hiking 1-year T-bill yield for 2nd time in 3 weeks; adds, 'markets are bracing for strong data and continued PBOC tightening ahead.'

Notes, markets pared back CNY appreciation expectations in recent days, with 12-month NDFs now pricing in 3.2% gain vs 4% last week. But says, 'our study of the previous tightening cycle suggests that the PBOC will allow greater CNY appreciation than what the market is pricing in currently.'

Suggests investors look to establish long CNY NDF position on any CNY weakness.

Source: Dow Jones Newswire
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Re: China - Economic Data & News 05 (Oct 10 - Mar 11)

Postby profittaker » Thu Nov 11, 2010 9:07 am

Chinese Baby Boomers

Europe’s exposure to China’s “megatransition”.Following our September 20 China Files report on best-placed US corporates, we look at which European companies are positioned to benefit from the powerful secular trends driving China’s “megatransition”. Between now and 2020, China will develop from the leading producer of globally distributed goods to the world’s largest market for consumer and industrial products. For multinationals and investors seeking exposure, size is only part of the story. Competitive landscapes in specific industries are becoming more complex, reflecting the “megatrends” driving China’s transition: demographics, urbanization, infrastructure, social security, education, and consumer financing.

We identify 30 European companies best positioned for the opportunities in China.Our China strategy team and industry analysts from Europe and China for 18 industries assessed the landscape for each industry, European companies’ current position, growth strategy, competitive headwinds, and profit potential. Their analysis identified 20 key picks: Adidas, Richemont, Inditex, Danone, Pernod Ricard, L’Oreal, TNT, JCDecaux, UBM, InterContinental Hotels Group, Elekta, Synergy Health, Novo Nordisk, Schroders, Akzo Nobel, Suez Environnement, BMW, Infineon Technologies, EADS, and Atlas Copco.

Winning strategies for multinationals in China should feature two elements, we think:1) a shift to franchise-building (establishing brands and distribution/service networks) from revenue generation (maximizing short-term sales); and 2) a preference for integration (making China a second home market) over localization (treating China like another foreign marke

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Re: China - Economic Data & News 05 (Oct 10 - Mar 11)

Postby winston » Thu Nov 11, 2010 10:08 am

It was a hot summer this year ..

*DJ China Jan-Oct Electricity Output 3.42 Tln Kwh, Up 14.9% On Yr

Source: Dow Jones Newswire
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Re: China - Economic Data & News 05 (Oct 10 - Mar 11)

Postby winston » Thu Nov 11, 2010 4:03 pm

*DJ China Oct Fiscal Revenue Up 14.8% On Year

Source: Dow Jones Newswire
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Re: China - Economic Data & News 05 (Oct 10 - Mar 11)

Postby LenaHuat » Tue Nov 16, 2010 5:34 pm

I have this piece of news from ZaoBao:-
重庆渝北区龙兴殡仪馆前天联系媒体求助,由于储备的柴油全部用完,公司老板和员工无法买到柴油,该殡仪馆的三台柴油火化炉全面停摆,10具遗体无法火化,殡仪馆不得不挂起“无柴油暂停营业”的告示。

龙兴殡仪馆一工作人员告诉本报:“我们有找上级主管部门,但它们没有帮忙我们的方案。我们现在已经完全没有办法了,只能向媒体呼救。
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Re: China - Economic Data & News 05 (Oct 10 - Mar 11)

Postby iam802 » Tue Nov 16, 2010 5:49 pm

Kerosene?
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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