Will it work? People’s Bank tries to boost growth without tanking the yuan
The People’s Bank of China cut the amount of cash banks must hold in reserve for the second time this year. The move is an effort to boost flagging economic growth in China. The bank could have cut its benchmark interest rate in pursuit of the same goal. But...
Truly bad “possibilities” on a debt ceiling default move up in the calendar
The exact date that the federal government could run out of accounting gimmicks and actually default on the national debt is open to debate. Could be June or July or as late as December or even sometime in 2024. The estimates are all over the block. Which is one...
Please Watch My New YouTube Video: Will China Send the Global Economy Surging?
Today’s topic is Will China Send the Global Economy Surging? We’ll really know the answer to this starting on Sunday, when the National People’s Congress of China meets. The leaders of China will make some important decisions for the Congress to...
Does China’s debt crisis make a rate cut from the People’s Bank more likely?
The debt crisis at China’s local governments will be top of the agenda when China’s leaders gather in Beijing for the annual parliament next week.m (The nation’s legislators and top leaders meet from this Sunday to approve key economic targets for 2023,...
China’s population fell in 2022 for the first time in six decades
I don’t think has implications for your portfolio tomorrow, but it’s hard (short of global warming) to think of a trend that will be more important for your portfolio in the long run. On Tuesday, January 17, China’s government announced that the...
China Covid cases near April peak; Beijing, Shanghai tighten restrictions
On Monday China reported 28,127 new domestically transmitted Covid cases on Monday as the country neared its April peak. Infections in the southern city of Guangzhou and the southwestern municipality of Chongqing accounted for about half the total. In Beijing, cases...
Please Watch My New YouTube Video: What will Xi do now?
Today I posted my one-hundred-ninety-seventh YouTube video: What will Xi do now? Sunday, Xi Jinping was officially elevated to his third term as President of China. While his title is official “President,” the position is truthfully more like Mao’s...
China’s economy staggers in June quarter
China’s economy grew at just a 0.4% rate in the June quarter. Thanks to a Pandemic lockdown that covered 350 million people, China’s GDP grew at the second lowest rate ever recorded. Shanghai’s economy, for example, contracted by 13.7% in the second...
Please watch my new YouTube video: Quick Pick Alibaba
My one-hundredth-and-twenty-eighth YouTube video “Quick Pick Alibaba” went up today. Alibaba (BABA) and other Chinese internet companies have been struggling recently under the pressure of a government crackdown. However, with the slowing of the Chinese...
Fears of new Covid lockdown in Beijing send stocks reeling
China expanded coronavirus testing to most of Beijing as rising cases fuel fears about an unprecedented lockdown of the capital. Officials on Monday night said testing would take place in another 11 of Beijing’s 16 districts, moving beyond just Chaoyang, where most of...
Expect earnings fireworks when Tesla reports on Wednesday, April 20, after the market close
Forget about all the hoopla over Tesla (TSLA) founder Elon Musk’s bid to buy Twitter (TWTR). (If you can.) On Wednesday, when the electric car leader announces first quarter 2022 earnings the story will be China, China, China. China’s strict Pandemic...
China’s Li issues his third warning about slowing growth–in less than a week
China’s Premier Li Keqiang issued a third warning about risks to economic growth. Authorities should “add a sense of urgency” when implementing existing policies, Li told local authorities at a seminar Monday. China will study and adopt stronger economic policies as...
Bad news with more bad news to come on China’s manufacturing sector
China’s official purchasing managers’ index (PMI) fell to 49.5 in March, the government announced on Wednesday. In this index any reading below 50 signals that the sector is in contraction. This is the first time in five months that this index has shown...China manufacturing slows–big deal for global supply chains and People’s Bank stimulus plans
Output from China’s manufacturing sector slowed to its weakest in almost two years in January, according to the Caixin/Markit Purchasing Managers Index. The index dropped to 49.1 in January from 50.9 in December. In the index a reading below 50 indicates that output...
People’s Bank moves to juice China’s economy earlier than I expected
Today, the People’s Bank of China cut its key interest rate for the first time in almost two years to help support China’s economy. The People’s Bank of China lowered the rate at which it provides one-year loans to banks by 10 basis points. Not a huge...
Should you invest in China now? Attacking the puzzle with buys on Monday of TCEHY and FXI
In other years, this would be a no-brainer Yes! What we have right now is a classic, tried-and-true set up for big gains from buying China stocks. China is near the end, probably, of a big sell off. We’re talking drops of 20% or more. Much more. Market leaders...
China seen as adding stimulus to its economy in early 2022
Economists predict that China will add significant stimulus to its economy early in 2022. That’s just speculation at this point but it makes very solid sense given: 1. The likely slowdown in China’s economic growth in the fourth quarter of 2021. 2. A...
China’s stocks gain as People’s Bank cuts bank reserve requirements
It’s the People’s Bank to the rescue. Today, December 7, the People’s Bank of China announced that it would reduce the reserve requirement for most banks in China by 05 percentage points on December 15. The move has the effect of releasing 1.2...
China’s economy grows at slower than expected 4.9%
China’s economy grew more slowly than expected in the third quarter. Gross domestic product (GDP) expanded 4.9% in the July-September quarter from a year earlier, the national statistics bureau said today, October 18. That’s a big drop from the 7.9% year over...
China’s economy slows at unexpectedly high speed
Retail sales rose just 2.5% in August from a year earlier, China’s National Bureau of Statistics reported today. The estimate from economists surveyed by Bloomberg was for 7% year over year growth. Retail sales grew at an 8.5% pace in July. Industrial production...
Watch my new YouTube video: Time to Worry About China Too
I’m starting up my videos again–this time using YouTube as a platform. My forty-seventh YouTube video “Time to Worry About China Too” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
China economy slows more than expected in July
The Chinese government reported today that the country’s economy slowed more than expected in July. Retail sales were crimped by tough new virus restrictions introduced toward the end of the month to contain fresh outbreaks. Retail sales rose by 8.5% near over...
China imposes wide-ranging travel restrictions to slow Delta variant outbreak
With the report of 94 new local infections marking the broadest outbreak since the first in Wuhan in 2019, China imposed new restrictions on travel in 144 of the worst hit areas. The new rules curtail public transit and taxi service, curb train and subway service, and...
China reports first quarter GDP growth of 18.3% from first quarter of 2020
China’s Bureau of Statistics reported that the country’s gross domestic product climbed 18.3% in the first quarter from the first quarter of 2020. Economists surveyed by Bloomberg had projected 18.5% year over year growth. The growth rate broke all records...
China’s economy grows faster than expected in November
China’s official Purchasing Managers Index for Manufacturing rose to 52.1 in November. The was up from 51.4 in October. And beat the 51.5 median estimate from economists surveyed by Bloomberg. The index for the non-manufacturing sector climbed to 56.4 in...
China’s economic recovery slowed by weak domestic demand
In July China’s industrial output climbed by 4.8% year over year, Beijing announced today. That’s the same rate as in June. This good news in that it shows the post-coronavirus recovery continues in the industrial sector. But it’s bad news in that...
China car sales gain for fourth straight month
Preliminary figures for July show vehicle sales in China advancing for a fourth straight month as buyers gradually return to auto showrooms. The figures are good news for China’s economy as a whole, which looks to have returned to growth–very modest...
China is the big wild card this week
China isn’t the only story out there with market moving potential but it is the “ripest.” We won’t have anything but anecdotal accounts of the collapse of social distancing at events across the country this weekend and we won’t know how...
People’s Bank says it will resort to “more powerful” policies to stimulate China’s economy but leaves details vague
Think of it as a first step toward a policy move and not as an actual plan for action. In its quarterly monetary policy report released Sunday, the People’s Bank of China said it will resort to “more powerful” policies to counter unprecedented economic challenges from...Jim’s Daily Email Alerts:
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