The latest analysis and updates on global economy. China, US, UK, Europe, and the rest of the world.
China, Economy. 29 September, 2012, 16:42 China’s liquidity condition is not getting any help from inflow (yet)
Sizeable money inflows should ease China’s liquidity, but that does not seem to be happening. Not yet.
China, Economy. 29 September, 2012, 10:52 HSBC/Markit China manufacturing PMI shows weakness in September
HSBC/Markit China manufacturing PMI increased to 47.9 in September, but it continues to show very weak picture in manufacturing.
Economy, Europe. 28 September, 2012, 21:22 A possible path for bulls in the Eurozone, and why it may not work
Spain’s new austerity may be followed by application for aid, but from there, things may not work out as expected.
China, Economy. 28 September, 2012, 16:17 Chinese Yuan hits highest level against USD, but PBOC wants it weaker
Chinese Yuan hits its highest level against the US dollar since 2005, but PBOC’s daily fixing shows no appreciation at all.
China, Economy. 28 September, 2012, 11:53 Chinese banks may have lent RMB600 billion in September
Chinese banks may have lent RMB600 billion in September, with the most optimistic forecaster expecting RMB750 billion.
Economy, Europe. 27 September, 2012, 23:44 Spanish deposit outflow continued, albeit at slower pace
Spanish deposit outflow continued in August
China, Economy. 27 September, 2012, 15:48 China’s rail cargo volume declined further in August
China’s rail cargo volume in August 2012 fell 9.2% yoy, indicating continued weakness.
China, Economy. 27 September, 2012, 15:14 China’s local governments have announced RMB20 trillion of investment plans
Local governments have already announced close to RMB20 trillion of projects, but that means nothing.
China, Economy. 27 September, 2012, 13:22 PBOC’s aggressive open market operations fail to have lasting impact
PBOC has actually injected a lot of money into the banking system, but monetary condition remains tight.
China, Economy. 27 September, 2012, 11:32 People’s Bank of China’s weekly net liquidity injection hits record high
PBOC’s net liquidity injection hits record high this week, with another round of injection of RMB180 billion today.
Economy, Europe. 27 September, 2012, 1:01 Catalonia’s push for independence spooked the markets
The talk about the independence of Catalonia spooks the market.
China, Economy. 26 September, 2012, 13:11 PBOC inadvertently performs quantitative tightening
The recent liquidity crunch in the Chinese banking system brings the attention to the inadvertent quantitative tightening of PBOC.
Economy, World. 25 September, 2012, 21:35 Global trade growth collapses, sending unambiguous signal of economic slowdown
Global trade growth has collapsed as the economy slows.
China, Economy. 25 September, 2012, 13:04 How to make a huge mistake by comparing China with the US
Why bullish arguments based on comparison between China and developed economies are flawed.
China, Economy. 25 September, 2012, 11:26 People’s Bank of China injects RMB290 billion of liquidity through reverse repo
PBOC injects RMB290 billion through reverse repo.