Submitted by Gordon Johnson of Axiom Capital
CREDIT LEADS “ALL OTHER” ECONOMIC DATA IN CHINA
China until recently euphoric credit growth, is rapidly grinding to a halt. As we published last week, and a key underpinning of our negative outlook on commodity prices through the remainder of 4Q17 and into 2018, the moderation in China’s credit seen more recently appears to be gaining momentum. The evidence?
Following last night's dismal economic data, China's 10Y bond yield pushed above 4.00% for the first time since October 2014...
As China's intentional credit slowdown strikes.,,
Additionally, China's yield curve has been inverted for a record 22 days and analysts are warning it is likely to get worse - at least until Chinese authorities are forced to step back in.
Bloomberg provides a breakdown of analysts' comments:
Yellen warns "valuations are at the high end of ranges" but tax cut details diss stocks.
It was all going great until I hit 310kph...
Authored by Federico Pieraccini via The Strategic Culture Foundation,
The Silk Road, renamed the Belt and Road Initiative (BRI), is developing infrastructure along land and sea trade routes. However, little is known about China’s initiative in the Arctic Circle, which represents a new route that Beijing is now able to develop thanks to technology together with the strategic partnership with Russia.
As online retailers in the United States prepare for Cyber Monday, i.e. the biggest online shopping day of the year, China’s largest e-commerce company just recorded the biggest day in its history.
As Statista's Felix Richter notes, on November 11, Chinese Singles’ Day, online shoppers bought merchandise worth more than $25 billion across Alibaba’s platforms (mainly Tmall and Taobao), shattering last year’s sales record in the process.