China Economy

Exclusively from Michael Pettis newsletter.

Yes, I’m still technically having a break from MB but there is an avalanche of global manufacturing PMI data coming out over the next 24 hours which is hard to resist as it should provide a good overview of what to expect from the world in Q1 2013.

Answers to yesterday’s China quiz.

ANZ is out with a quick note on China’s Central Economic Work Conference.

China’  muted bounce continues today in November bank lending figures that missed estimates by a wide margin.

Cross-posted from FTAlphaville.

China has released its November trade data and the muted recovery continues.

Exclusively from Michael Pettis’ newsletter.

China’s November data dump is upon us and shows an improving economy moving into the fourth quarter.

HSBC has an intersting note out offering an interpretaion of the results of the first meeting of China’s new politbureau.

China’s services PMI is out and continues its expansion but a slower pace, reinforcing November data which is pointing to a muted bounce: Business activity increased in China’s service sector during November.

Macau casino revenue growth picked up on a year-on-year basis in November.

China’s rail cargo volume year-on-year growth improved from -5.4% in September to -3.2% in October.

Cross-posted from FTAlphaville. November marked the first time in over a year that both the official China manufacturing PMIs and the HSBC/Markit Economics PMIs were above 50. And they are both nearly matching! Check it out: The official number was 50.6; HSBC’s was 50.5 (up from the flash preliminary number of 50.4).

China’s non-manufacturing PMI is out and is stable at 55.6 on the month, confirming again a muted recovery.

Over the weekend, China’s National Bureau of Statistics’ released its own leading indicator, which rose in October, the fourth consecutive month of increase, albeit at a much slower pace.

Cross-posted from FT Alphaville.

Investors in China have had a few difficult years.

China’s industrial profits have bottomed, climbing for the time in October for many months: Here’s the chart: Not exactly v-shaped but rising.

Cross-posted from FTAlphaville.

In case you missed it, here is the footage of the Chinese landing their first ever J-15 on an aircraft carrier: China joins an elite band of powers with the capability to project force globally via parking their floating fortress off any city they like before asking for a favour.

From the AFR: China’s incoming Premier Li Keqiang has said the country needs just 7 per cent annual growth to achieve an “affluent society” by 2020, suggesting the country’s new leaders won’t roll out a big-spending stimulus package to bolster the economy.