China Crisis Series

China Crisis Series

China’s CPI likely rose in January on higher food prices

Feb 17, 2016 09:12 am UTC| Commentary

Chinas January CPI is expected to have risen to 1.8% y/y, as compared with 1.6% y/y in December. This is mainly due to rise in food prices before the Chinese New Year. The festival period in 2016 comes earlier than in...

China Crisis Series

Weak Jan China trade data highlights sluggish demand and growth momentum

Feb 15, 2016 14:32 pm UTC| Commentary Economy

Chinas trade balance for January 2016 came in at CNY 406.2bn vs +389.01bn expected, but details showed a collapse in exports/imports. Exports contracted by -11.2% y/y (Dec 2015: -1.4%), the largest decline since March...

China Crisis Series

Corruption charges fail to faze Chinese investors

Feb 15, 2016 00:23 am UTC| Insights & Views Politics Law

In 2014 alone, more than 70 top executives of Chinas state owned enterprises (SOEs) were investigated for corruption, as part of Chinas anti-corruption campaign. If this happened in western economies, corruption...

China Crisis Series

Outflow of Fx reserves continues, and so does PBoC's dilemma

Feb 09, 2016 14:33 pm UTC| Commentary Central Banks

Despite the impressive $ 3.2 trillion PBoCs FX holdings, the speed at which the PBoC once again lost FX reserves in January is quite alarming. Since top levels reached in the summer of 2014, 19% of the PBoCs reserves have...

China Crisis Series

Chinese economy growth, commodity prices continue to drive FX markets

Feb 09, 2016 11:54 am UTC| Commentary Economy

A couple of weeks back, the yen longs rose to their highest levels since February 2012, however, they dropped back to their mid- January levels, after the BoJ surprised the market with its rate cut. The USD long levels...

China Crisis Series

China aggregate financing likely to show big gains

Feb 08, 2016 14:56 pm UTC| Commentary Central Banks

China is likely to releases aggregate financing figures sometime over the course of this week or perhaps into early the following week. We can expect the value of new yuan-denominated loans issued to consumers and...

China Crisis Series

Renminbi Series

Decline in Chinese FX Reserves - No exciting celebration during Chinese New year

Feb 08, 2016 09:14 am UTC| Insights & Views Central Banks

Foreign exchange reserves in China declined $99.5bn to $3.23tn in January of 2016, slightly lower than the monthly fall of $107.9bn in December, which was the biggest on record. The China international reserve number...