Some mixed messages amongst the tea leaves this week. The latest Chinese trade data is good, with exports showing double-digit growth. The background to that is the fundamentally solid state of the global economy, particularly the United States. That has good implications in terms of GDP growth prospects for Q2. A raft of tech IPOs […]
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The inclusion of China domestic shares in certain MSCI global indices is the big event of the week, and will have a stabilizing effect on what has always been a choppy and opaque market. But the point is that while the funds make it less choppy, it is unlikely any time soon to be less […]
Behind the puzzling state of the US-China trade dispute, with endless mixed messages emanating from Washington, we sense a growing consensus on how to address the way China interfaces with the Western economies. Plenty of evidence to back that up this week, including a decision by Canada to block a Chinese buyout of a Canadian […]
It’s quite tough trying to keep up with the current state of the US-China possible trade war, but it appears, bottom line, that the Chinese have offered a $200 billion cut in the trade deficit and have cancelled the threat of tariffs against US sorghum, while Trump has indicated an intention to overrule his own […]
Our prediction has always been that the Chinese economy is solid, until the day when suddenly it’s not. What could shift the status quo? The three most likely factors are property, debt and trade war, and on all three fronts we saw developments this week. First, property. A survey by the FT’s Confidential Research suggested […]