According to China’s 21st Century Business Herald, Chinese banks made $212 billion in loans during the first 19 days of January. This large jump could help catalyze further tightening by Chinese officials. According to Credit Suisse Chinese Banks have suspended new lending since the 19th, which could have a ‘meaningful’ impact on manufacturing during the […]
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Asia/China
China’s Xinhua News Agency has reported that a new policy in the city of Nanning will ban the sale of uncompleted commercial residential properties. Government officials stated that this program is intended to, “regulate the order of real estate market”. I expect this could be the first of many similar policies around the country to […]
In this morning’s press release China’s National Bureau of Statistics removed the phrases ‘appropriately loose’ monetary policy and ‘expansionary’ fiscal policy from their press release. This is further evidence of the Chinese government’s shifting stance toward it’s monetary policy and could add support to rumors of a potential 27bp rate hike on Friday, which can […]
My sources in China have notified me that a reputable Chinese business paper, the 21st Century Business Herald, has begun reporting on a market rumor that indicates the Chinese Central Bank may be planning a 27bp rate hike this Friday. I personally know very little about the paper, and believe this news is highly speculative. […]
During a discussion over whether or not the country’s property sector was in the midst of a bubble, Qi Ji, vice-minister of Housing and Urban-Rural Development, said, “In some big cities and coastal cities… property prices are too high.” Additionally, at the same meeting an official from the People’s Bank of China was noted saying […]
According to Market News International, Peng Junming, an official within China Investment Corp and former employee of the State Administration of Foreign Exchange (SAFE)has said, “China has bigger asset bubbles than the U.S. The U.S. will definitely raise interest rates in the second half and China could hike rates even earlier than that.” I began […]
It was widely anticipated that Chinese exports would turn positive in December, but very few expected by such a large magnitude–17.7% y/y. A portion of the increment was due to a small base effect from a decline in exports in December of last year. However, on a monthly basis the value of exports still rose […]
As I mentioned was a possibility in my recent piece, How to Play a Tightening Chinese Economy, the Chinese real estate sector should be a primary target for new policies by the Chinese government to prevent what they perceive as a burgeoning bubble. In fact this morning China’s State Council has said, “The People’s Bank […]
Here is an updated table containing my global macro trading strategies for retail investors. **For the details behind my global macro trading hypothesis, please see my past article on this blog and at RealMoney.
Cantor Fitzgerald raised the price target for Diana Shipping (DSX) to $18 from $16 based on higher rechartering assumptions. Cantors presently holds a ‘Buy’ rating on DSX. DSX is one of the few shippers within the dry bulk space on which I hold a relatively constructive view. Compared to other shippers the company has a […]