Category Archives: China

PBOC Yuan comments

Reads more and more like they are paving the way for it to go down to ‘rejoin’ the rest of the EM’s and Japan etc? The reason they give for it not going down is their fx reserves which could … Continue reading

Posted in China |

Yuan weakness

May be a fundamental shift in trade flows? They don’t want to spend fx to defend? Looking to let it go to get back to where it was vs yen at 80/$ as other EM’s seem to be doing? China … Continue reading

Posted in China |

China hands death sentence to solar cell makers

With public banking, for better or for worse, lending is politicized: China hands ‘death sentence’ to 75% of solar cell makers By Toru Sugawara December 24 (Nikkei) — The Chinese government is pushing for a drastic shakeout of the country’s … Continue reading

Posted in China |

China going western

Warren, The following article seems to confirm your views expressed here: Meet Liu He, Xi Jinping’s Choice to Fix a Faltering Chinese Economy China prepares to liberalise finance as hedge funds and estate agents salivate “bit by bit, China’s economy … Continue reading

Posted in China |

China Beige Book Shows Slowdown, Opposite Official Data

So it’s a mixed message? Western educated kids turning China into Japan as well? China Beige Book Shows Slowdown, Opposite Official Data September 25 (Bloomberg) — China’s economy slowed this quarter as growth in manufacturing and transportation weakened in contrast … Continue reading

Posted in China, Economic Releases |

China’s Treasury Holdings Fall 21 Bln Amid Fed Talk on Taper Timing

I’d guess most of that was runoff of short term bills so wouldn’t alter the longer term rates but it also might be the case that China told the fed they wouldn’t buy any more secs unless they ceased QE. … Continue reading

Posted in Bonds, China, Fed |

China’s broadest measure of new credit fell to a 21-month low

This is per deliberate policy and will continue to constrain output and employment China’s Credit Expansion Slows as Li Curbs Shadow Banking August 8 (Bloomberg) — China’s broadest measure of new credit fell to a 21-month low as Premier Li … Continue reading

Posted in China, Credit |

China to keep credit growth steady: Central bank

This is ridiculous, of course: China to keep credit growth steady: Central bank July 14 (Reuters) — China’s central bank pledged on Sunday to use a mix of policy tools to adjust banking liquidity to ensure steady credit growth, in … Continue reading

Posted in CBs, China |

Frank Newman on Fox News

Yes, and another Banker’s Trust alumni! ;) Note how his superior credentials as former BT CEO and Dep Tsy sec command respectful engagement ;) Frank Newman on Fox News

Posted in China, Deficit, Government Spending |

Chinese liquidity drill

With floating fx, it’s necessarily about price (interest rate) and not quantity. That includes China’s ‘dirty float’, a currency not convertible on demand at the CB, but with periodic CB market intervention. Loans necessarily create deposits at lending institutions, and … Continue reading

Posted in CBs, China, Currencies |