Chinese e-commerce giant Alibaba sees its share price drop below IPO price for the first time.
The adjustment is serious and is a reaction to the eruption of China’s triple bubble: credit, real estate and stock markets.
Flash manufacturing PMI for August and IMF decision bring more negative news for China.
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).
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.
BEIJING | June 23, 2015 | By Ye Xiang via Caixin | The country may be facing the end of cheap labor, but these changes are being driven by a more fundamental shift in the economic model rather than family planning policies.
BEIJING | April 30, 2015 | Caixin Editorial | China’s stock market is on a roll, giving rise to a view that it could help revive the slowing economy. The two have an interesting relationship, and there are advantages and disadvantages to using the market to boost growth. Yet, in the current circumstances, the stock market will be hard pressed to perform that role.
ZURICH | UBS analysts | We expect reforms to accelerate in 2015. As the government moves toward systematic “rule by law” and the property downturn persists, more space will open up and pressure increase for economic reforms to accelerate. We see three themes for China’s reforms this year: growth support, risk containment and rebalancing. In other words, reforms that can unlock new sources of growth and bolster domestic demand, reduce economic and financial risks, or diminish/remove structural imbalances should advance most.