China considers investment plan to bolster growth
After the recent stock market collapse, China seeks to dispel doubts on a sharper economic slowdown with a new 1 Trillion yuan plan (€150 bn).
China
Markets relieved by China PMI
Caixin China services PMI rose to 53.8, a 11-month high, in July (well above the 50-mark separating contraction from growth and up from June’s 51.8), giving a respite to market watchers concerned by the recent weak manufacturing data.
De-stressing about Chinese equities
MADRID | They’ve been scaring us with an eventual China crash which would drag the world’s economy. And yet Daily Telegraph’s Roger Bootle insists there is no reason to panic here. The ratio of tradeable equities to GDP is running at just under 30%, while in most countries it exceeds 100%. See the New York Stock Exchange on the graph.
China flash PMI falls to a 15 month low
HONG KONG | July 24, 2015 | Barclays | The Markit “flash” manufacturing PMI unexpectedly fell to 48.2 in July, reaching a 15-month low (consensus: 49.7; Barclays: 49.7). The weaker PMI supports our view that the economy is not on solid footing, and we look for a flat growth profile in H2.
Greek crisis behind: You can relax for the time being
MADRID | July 21, 2015 | By JP Marín Arrese | Once the eurozone has overcome its Greek imbroglio, at least temporarily, the next unsettling move will come from the Fed’s widely expected rate hike.
Chinese bubble trouble: halfway through?
LONDON | July 17, 2015 | UBS | Property activity corrected visibly in 2014 and H1 2015, with declining property starts and weaker construction dragging down China’s industrial sector and GDP growth.
Chinese equity markets: Shaken, but not too stirred
LONDON | July 15, 2015 | BNP Paribas | The fall in the Chinese equity markets is mainly a market correction phenomenon, the most important question now is how it will transmit to the real economy. Our view is that the transmission will be muted.
Chinese equities – What impact on Europe?
LONDON | July 14, 2015 | UBS | The “Wall of Worry” for the European Equity Bull market has shifted somewhat from Greece to China.
What Icelandic business practices can (possibly) tell us about China
LONDON | July 13, 2015 | By Sigrún Davídsdóttir | Many controlling shareholders in China have pledged shares as collateral for bank loans – this was a common practice in Iceland up to the October 2008 banking collapse. Now this practice seems to be causing share trading suspensions in China.
Is it wise for foreign-listed Chinese Internet firms to return home?
BEIJING | July 13, 2015 | By Xie Wen via Caixin | The recent crash makes a relisting in China unappealing, and the signal sent by wanting to depart in first place damages companies’ credibility.