China Economy

As the day wears on Chinese stocks are throwing in the towel.

Cross-posted from Investing in Chinese Stocks.

From the FT: …Beijing wants to build a new Silk Road across the Eurasian landmass, equal in economic and cultural significance to that ancient precursor.

From Soc Gen via Zero Hedge: As the growth deceleration intensifies and financial market liberalisation accelerates, denying the debt problem is becoming an increasingly unviable strategy.

Shanghai may be down, another 4% today: And have some hope of finding a support level.

Shanghai is also down 3% today and Morgan Stanley says it’s over: Our stance on China A shares is that this is probably not a dip to buy.

So says Macquarie Bank: Last week’s sharp A-Share correction creates an opportunity for us to update our margin database and charts.

Fresh from Westpac: •The Westpac MNI China Consumer Sentiment Indicator, hereafter the Westpac MNI China CSI, increased by 1.2pts from 111.1 in May to 112.3 in June, which is 0.3% lower than a year ago and 7.7% below the long run average.

Cross-posted from Investing in Chinese Stocks.

The China Flash PMI for June is out and is more evidence of stabilisation and that’s all coming in at 49.6 up from 49.2: The internals are still weak: And the assessment from Markit is dour: “The latest Flash China Manufacturing PMI survey provided a mixed bag of data in June.

From Credit Suisse: Credit Suisse’s Li Keqiang Momentum Index is pointing in a positive direction again in May.

Cross-posted from Investing in Chinese Stocks.

Cross-posted from Investing in Chinese Stocks.

Cross-posted from Investing in Chinese Stocks.

From Morgan Stanley via FTAlphaville: In June, more than half of the investors believed Shanghai A-shares were already in a bubble vs.

Cross-posted from Investing in Chinese Stocks Previously, real estate investment was dominated by the Northern School and the Southern School.

by Chris Becker Repeat after me: the stock market is not a reflection of the underlying economy.

Cross-posted from Investing in Chinese Stocks.

China has released its May credit data and the news is more slowing.

Cross-posted from Investing in Chinese Stocks.

The May China data dump is out and has some signs of stabilisation but no relief for Australia.

Cross-posted from Investing in Chinese stocks.

This time it’s different.