EMerging Equity
Chinese Slowdown
Potholes Emerging In China’s New Silk Road
By Salman Rafi Sheikh, Asia Sentinel The acknowledgement by Xu Shanda, a retired Chinese deputy director of the State Administration of Taxation, last week regarding potential losses of Silk Road projects has drawn widespread attention as it challenges the prevailing myth of an indomitable and inevitable system in which ultimately all roads will lead to Beijing. The … Continue reading
Chinese Dragon: Breathing Credit Fumes
By Eugen von Böhm-Bawerk Economic forecasting, no matter how complex the underlying model may be, is essentially about extrapolating historical trends. We showed last week how economic models completely fail to pick up on structural shifts using Japan as an example. On the other hand, if an economy doesn’t really change much, as in the case … Continue reading
Is It 2008 All Over Again? (China Hype And Hope)
By Phoenix Capital Research The world has not yet fully realized the magnitude of the slowdown in China. The “official” China growth numbers claim the Chinese economy is plowing along at 6%. I use quotations around the word “official” because Chinese economic data points are complete fiction. Indeed, back in 2007, no less than current First … Continue reading
A Closer Look At China’s ‘Dollar’ Gap
By Jeffrey P. Snider, Alhambra Investment Partners The focus on China and the Chinese economy is not just related to its size but more so the fact that it is the pivot point for the whole global system. In pure economic terms, as “end demand” from the developed world economies slows, the Chinese economy either absorbs … Continue reading
China’s Economy Isn’t “Recovering”
By Jeffrey P. Snider, Alhambra Investment Partners You can always tell what kind of monthly variation any economic account provides from the commentary by which it is described. And there are, apparently, only two options: upward variations mean stimulus is working; downward variation just means that there will be more stimulus. Even by this crude cipher, … Continue reading
China’s Quarterly Growth Slows To 6.7%, But Shows Signs Of Stabilizing
Growth of the world’s second-biggest economy slowed to an annual rate of 6.7 percent in the first quarter of 2016, China’s National Bureau of Statistics reported Friday. It is the slowest quarterly growth for China since the financial crisis in 2009, but it is in line with forecasts and the government’s growth target of 6.5-7 … Continue reading
China To Invest Nearly $1 Trillion In 2016 On Infrastructure, High-Tech Research And Development
Beijing is set to invest over 6 trillion yuan ($926.6 billion) this year in the country’s high-tech research and development, as well as infrastructure development, including railway, fixed assets, water conservancy projects, local media reported on Thursday. The aim is to help develop sectors such as transportation, environment protection, urban planning, and tourism. Fixed asset investment … Continue reading
Crunch-Time For The U.S. Dollar And The Global Economy
By Charles Hugh Smith The reality is that we’re one panic away from foreign-exchange markets ripping free of central bank manipulation. While all eyes on fixated on global stock markets as the measure of “prosperity” and “growth” (or is it hubris?), the larger force at work beneath the dovish cooing of central bankers is foreign exchange: … Continue reading
Thanks Fed: EM FX Logs Best Month On Record, EM Stocks Gain Most Since May 2009
After suffering since 2013 following the “taper tantrum” when the Fed announced the wind down of asset purchases and through the start of this year as the Fed warned of additional interest rate hikes, emerging market (EM) currencies have logged their strongest monthly rally on record in March, according to Bloomberg’s calculations. As the dollar fell with softer U.S. data and … Continue reading
China’s Rating Outlook Cut To Negative By S&P As Reforms Falter
The New York-based international ratings agency Standard & Poor’s revised China’s sovereign debt outlook down to negative, citing high levels of state and corporate indebtedness, which were mismatched with the country’s slower pace of expansion amid Beijing’s insufficient progress developing and implementing economic reforms. Standard & Poor’s has downgraded China’s credit rating outlook from stable to negative, … Continue reading
Follow Us On Social Media
Our Discussion Groups
Our Social Media Readers
