China Economy

China’s March new home price data for March is out and is still falling at a good clip but the second derivative has improved.

Cross-posted from Investing in Chinese Stocks.

From Investing in Chinese Stocks.

From the SMH blog: Nomura economist Yang Zhao: The weaker Q1 GDP growth and much weaker than expected March activity data suggest that growth momentum remains weak, which calls for further policy easing.

China’s GDP for the March QTR is out and hit consensus at 7% year on year, a six year low, but missed quarterly at 1.3%, an annualised rate of 5.2%: The March internals are bad.

China’s new yuan loans are out for March and following four months of recovery have hit a wall.

Cross-posted from Investing in Chinese Stocks.

Cross-posted from Investing in Chinese Stocks.

From the World Bank late yesterday: …a significant slowdown in China, though unlikely, would exert large spillovers, particularly on commodity exporters.

The dollar has just taken a hit on the release March Chinese trade data which expectations to say the least.

Cross-posted from Investing in Chinese Stocks.

China has released its March inflation figures and they’re still very weak with the CPI at 1.4% y/y and PPI at -4.6% y/y: There is no impediment here to further easing if the PBOC wishes it.

From Bloomie metals analyst Kenneth Hoffman following his return from a China trip: What he saw: idle cranes, empty construction sites and half-finished, abandoned buildings in several cities.

Cross-posted from Investing in Chinese Stocks.

Cross-posted from Investing in Chinese Stocks.

Cross-posted from Investing in Chinese Stocks.

From former China uber-bear, Hugh Hendry: So much is written about China, and of late very little has been bullish.

Another spooky parallel between China and Australia today. Cross-posted from Investing in Chinese Stocks. The latest PMI report (2015年3月中国制造业采购经理指数为50.1%) gave a reading of 50.1, barely positive.

Cross-posted from Investing in Chinese Stocks. CREIS reports prices in its 100 city index fell 0.15% in March, down from the 0.24% decline in February (in January, CREIS reported an increase in prices).

The second of China’s PMIs (the official version) is out for March and did better than the private HSBC measure managing to flop over the line into expansion up 0.2 points to 50.1.

From SCMP: A senior executive at one of China’s largest steel companies is being investigated on suspicion of corruption, as the Communist Party’s anti-graft watchdog shifts its focus to major state-owned enterprises.

Cross-posted from Investing in Chinese Stocks.