Bloomberg: China’s ‘Growth on Steroids’ Risks Next Slowdown
October 21st, 2009
http://www.bloomberg.com/apps/news?pid=20601109&sid=a9pqrCs2M.G0
Archive
Archive for the ‘Bank Lending’ Category
Chinese September Trade Data.
October 18th, 2009
September trade data may be somewhat misleading because of two or three extra working days last month, plus the very big holiday at the beginning of October which might have pushed activity into September.
Exports were down 15.2% year-on-year, better than the expected 20-21%.
Imports were down 3.5%, much better than the expected 15%.
Month-over-month figures showed a [...]
FT View from the Markets, Two Views on China
October 1st, 2009
I think these videos are both very good and from very credible sources. The first is Michael Pettis who is based in Peking university and is one of the most watched Chinese analysts. Pettis shares my view with respect to China and its imbalances.
http://www.ft.com/cms/893ac9c8-757e-11dc-b7cb-0000779fd2ac.html?_i_referralObject=9810652&fromSearch=n
The Second video is of Andy Rothman who is with CLSA. Rothman has [...]
Summary of Chinese data release on Sept. 11
September 12th, 2009
To summarize the Chinese official data released on Friday Sept. 11:
The Good
Manufacturing output: up by 12.3% year on year, better than last month’s 10.8% and higher than consensus.
Steel output: up 29%
Auto production: up 90%.
Urban fixed-asset investment: up 33.0% for the first eight months of the year, which slightly exceeded already-high estimates of 32.5%.
Retail sales: up [...]
Where are all of the funds from Chinese bank lending going?
September 11th, 2009
This article is a few weeks old but I think it illustrates where a good bit of the Chinese lending is ending up. It appears that many of the loans are being made to Chinese state owned corporations and instead of creating additional capacity managers are plugging funds into the housing market and the stock [...]