China Economy

Cross-posted from the East Asia Forum.

Over the weekend China released its May data dump and the news is good if you’re looking to see a Chinese rebalancing and bad if you’re Australian.

HSBC has just released both its May composite PMI and services PMI for the Chinese economy.

From Bloomberg today: Beijing, which already has China’s strictest real estate curbs, is being forced to take additional steps to contain surging home prices as demands for record-high down payments fail to deter buyers.

Cross-posted from Kate Mackenzie at FTAlphaville.

China’s non-manufacturing PMI for May is out and registered a tiny .2  fall to 54.1.

Late last week, Society Generale published a succinct note explaining its view of why China’s credit growth is accelerating but its growth is not.

The media got very excited by the China’s May PMI over the weekend because it came in above its depressed expectations at 50.8.

Cross-posted from Kate Mackenzie at FTAlphaville.

By Leith van Onselen Just in, the International Monetary Fund (IMF) has reportedly lowered its Chinese growth forecasts for the second time in six weeks.

China’s industrial firms total profits for April are up 11.4 per cent from the same period a year ago.

China’s May Flash PMI is out and the bad news keeps rolling with it sliding back into recessionary territory at 49.6 versus expected of 50.4.

By Leith van Onselen China’s ghost cities, the most famous of which is Ordos in inner Mongolia, have regularly been cited as a prime example of China’s unsustainable construction-led economy.

There a lot of bearish material around the web today on disappointing Chinese growth.

China has released its monthly data dump this afternoon for April and the news is more (mild) disappointment.

China bull, Stephen Green of Standard Chartered, has spooked the market this morning with a downgrade to Chinese growth  to 7.7% for 2013 (from 8.3%), and to 7.5% for 2014 (from 8.2%).

Cross-posted from Kate Mackenzie at FTAlphaville.

ANZ offers  a useful guide to why Chinese trade numbers are getting whack: China’s trade growth remained strong in April, following a surge in the past two quarters.

China’s April trade data is out and will confound just about everyone with a ripping 14.7% growth in exports versus 9.2% expected and 16.8% for imports versus 13% expected.