Archive for March, 2012File not found. Hong Kong inflation eased to 4.7% in February 2012
Inflation in Hong Kong eased to 10-month low in February, with the headline CPI eased to 4.7% yoy, and -0.3% mom.French and German PMIs back below 50, while China PMI hits 4-month low
French and German PMIs are back in contractionary territory, while China’s PMI hits a 4-month low, indicating slowing industrial activity.End of Commodity Super-cycle? Citi’s Answer
While the intensity of use for various commodities still lags behind, value in use for China has already overtaken most countries.China, iron ore, steel production and Aussie dollar
While Credit Suisse has no idea about what’s next with commodity, Citi seems to be more cautious.Population ageing and (dis-) inflation
Evidence suggests that the older the overall population, the less likely the country would have high inflation.As China slows, is the commodity super-cycle over?
Three teams within Credit Suisse are fighting with each other on whether the China-driven commodity super-cycle is over.S&P: China’s real estate developers will face more liquidity problems
Bei Fu of S&P thinks China’s real estate developers will face more liquidity issues as more price cuts will be likely and refinancing risk increases.China records capital inflow in February 2012
Position for FX Purchase remained stable. Taken into account the trade deficit, China records inflow for the first time since October 2011.Bank of Communications to raise RMB56.6 billion
Bank of Communications (3328.HK) announced that they are raising RMB56.6 billion in both A and H shares.Hang Lung Properties: retail sales weakened in Shanghai
Hang Lung Properties (101.HK) noted a weakening in retail sales in their shopping malls in Shanghai, while rents remain on the uptrend.A few thoughts on a few things that Wen Jiabao said
Wen Jiabao has said nothing that we have not already known, but the market did not seem to quite like what he has said.JPMorgan: “Chinese economy already in hard landing”
Adrian Mowat of JPMorgan said China’s hard landing is a fact, not a matter for debate anymore.Loans demand continues to be weak in China
Credit demand continues to appear weak in China, with 3 or the big 4 banks showing negative growth in loans for the first 2 weeks of March.Nomura Revised China’s 2012 GDP growth forecast upward
Nomura has revised China’s 2012 GDP growth up from 7.9% to 8.2% as FAI growth is stronger than expected and import growth was lower.CHART: Hong Kong/China Mega-Bear Market
Here is the latest look of how the bear markets of the post-2007 equities market bubble in Hong Kong and China are playing out.Revisiting that alternative hypothesis on gold
We revisit the weird alternative hypothesis on gold, and see if it will have anything to do with the Chinese economy.PBOC’s Zhou: cutting RRR not a sign of policy easing
PBOC’s Zhou Xiao Chuan said there is a lot of room to cut RRR, but cutting RRR is not a sign of monetary easing.China’s trade deficit hits record in February 2012
China records the biggest trade deficit since 1989 in February with very weak exports growth, while imports growth surprised on the upside.China Monetary Statistics For February 2012
Money supply growth picked up slightly in February, but remains relatively slow, while new loans disappointed the market once again.China’s industrial production and retail sales miss estimates. FAI growth beats estimate.
Industrial production and retail sales for Jan-Feb missed estimates, while fixed-asset investment growth was above consensus.