Investment Desk, Bank Degroof Petercam │ Fears of a slowdown are more pronounced. We are seeing a slight reduction in trade tensions since President Trump announced a partial delay in the imposition of new tariffs on Chinese products. The tariffs on approximately half of the 300,000 goods subject to the measures will be introduced from 15 December instead of September.
Liu Xiao via Caixin |Initial coin offering (ICO), an increasingly popular crowdfunding phenomenon in which new cryptocurrencies make their debut, continues to make headlines. But this time it’s about the swift and broad crackdown of the sector in China.
China’s economy got off to a slow start in the third quarter, with key indicators gauging factory activity and mining, investment and general consumption falling in July to their lowest levels in months, official figures showed Monday.
Huang Zhilong via Caixin | Chinese policymakers have turned to domestic consumption as a new force to drive economic growth, as debt-heavy businesses and local governments face growing pressure to deleverage. But as the nation’s economic expansion and wage growth cool, it will be difficult to encourage ordinary people to increase spending if that means borrowing more.
Marc Chandler via Caixin | It is official. The yuan will be included in the International Monetary Fund’s special drawing rights (SDR). The 10.4 percent share is a bit more than I expected, but less than the 14 to 16 percent the IMF’s staff intimated a few months ago. This is a significant event, even if there is no short-term market opportunity.
UBS | We believe China and Japan will play significant roles as regional economic patrons over the next few years. We estimate the amount of patro – dollars, namely China’s outward direct investment in the ‘One Belt One Road’ regions, will exceed US$200bn in 2016 – 18.