Total social financing (TSF), a wide-ranging gauge of the economy’s liquidity and borrowing levels, bounced back from an all-time low in October as efforts by Beijing to stimulate lending seem to have taken effect, Caixin reports. TSF grew by Rmb 1.52 trillion ($221.15 billion) last month, central bank data showed, double the October increase. Although […]
Category: Consumer
Wearable camera maker GoPro plans to move the manufacturing of units destined for US customers out of China by the summer of next year as a means of avoiding the impact of tariffs, Bloomberg reports. Although international-bound camera production will remain in China, GoPro said that it was being “very proactive” regarding the trade war […]
Chinese exports to the US continued to withstand trade war pressures in November, with Beijing’s bilateral trade surplus jumping to $35.6 billion – the highest ever recorded. Shipments to the US rose nearly 10% on a yearly basis to $46.2 billion, while imports into China dropped 25% to just $10.7 billion, according to China’s General […]
Factory prices rose at the slowest pace in over two years in November, according to official data, adding to existing pressure on the Chinese government to implement measures to galvanize domestic demand. China’s producer price index (PPI) grew 2.7% year-on-year last month, slowing from 3.3% in October, said the National Bureau of Statistics. On a […]
The Xi-Trump meeting at G20 went much as we predicted – there was a delay in the implementation of higher US tariffs on Chinese imports, and that gave the markets an excuse for a temporary bounce. But it then unraveled into uncertainty, with the US and China sides providing different versions of what had been […]