The latest analysis and updates on global economy. China, US, UK, Europe, and the rest of the world.
China, Economy. 24 September, 2012, 19:16 “Stimulus” continued to be announced in China, but no one feels anything
After months of talks about easing and stimulus, companies on the ground still feel nothing.
Economy, Europe. 24 September, 2012, 17:11 German IFO business confidence falls unexpectedly in September
German business confidence dopped for the fifth consecutive month.
Economy, Europe. 24 September, 2012, 12:43 Euro area peripheral countries’ external balance adjustment in progress
Euro area periphery’s trade deficits have been eliminated since the crisis.
China, Economy. 24 September, 2012, 11:56 A short story of a loss-making steel mill in China
Remember Baosteel, which had a new steel project approved by the government, and the construction of the new plant started, then stopped? The reality that the steel industry has a little problem of overcapacity is no secret. With absurdly low profit margin, and the slowing economy are hurting a lot of steel plants as demand [...]
China, Economy. 23 September, 2012, 18:38 No signs of rebound for the Chinese economy, says PBOC’s adviser
Song Guoqing, an advisor to PBOC, sees no signs of rebound for the economy.
Economy, Europe. 21 September, 2012, 13:45 Eurozone core in trouble as France’s economic condition dims
Eurozone core is not immune to the crisis as France’s outlook dims.
China, Economy. 21 September, 2012, 13:27 China’s slowdown will continue into next year, says CASS economist
Yuan Gangming of the Chinese Academy of Social Sciences thinks that growth will slow to below 7% in Q1 2013.
China, Economy. 21 September, 2012, 10:57 China’s NDRC has actually not accelerated project approval
NDRC has not really accelerated project approvals.
China, Economy. 20 September, 2012, 18:47 PBOC’s balance sheet is doing the opposite of what the Fed’s is doing
PBOC balance sheet is not growing, and its size relative to the Chinese economy is shrinking.
Economy, Europe. 20 September, 2012, 16:27 Euro area flash PMIs point to sharpest contraction since the crisis
Contraction of euro area continues, the latest flash PMIs show.
China, Economy. 20 September, 2012, 13:54 People’s Bank of China injects a net RMB101 billion of liquidity this week
PBOC injects RMB160 billion of liquidity today, bringing the net injection to RMB101 billion for the week.
China, Economy. 20 September, 2012, 11:20 HSBC/Markit Flash China manufacturing PMI points to continued weakness in September
HSBC/Markit flash China manufacturing PMI shows continued weakness, although the pace of slowdown has been slowed down.
Economy, Europe. 20 September, 2012, 1:55 Mariano Rajoy waiting for markets to force his hand
By not requesting aid soon, Mariano Rajoy will be forced to request aid by the markets when yields rise again.
Economy, World. 19 September, 2012, 18:30 Bank of Japan expands asset purchases; Spain in focus tomorrow
BOJ did not disappoint the market by expanding asset purchases. Spain will raise as much as €4.5bn tomorrow
China, Economy. 19 September, 2012, 18:13 China’s thermal electric power output fell 6.3% yoy in August
Thermal power output was down 6.3% yoy in August.