It seems that China’s steel manufacturers are still enjoying good margins. According to a latest study, on average steel manufacturers enjoy a gross margin of about RMB 500/Ton in May and about RMB 400/Ton in June, Continue (继续)
Nouriel Roubini has a nickname of ‘Dr Doom’. Recently on the interview with Bloomerg, Dr Roubini opinions that there is significant risk of slowdown in China. Continue (继续)
China’s Shipyards continue to pump new vessels into the world fleet. During the first four months of 2010, China’s shipyards have delivered increasing numbers of tanker, bulk ships and container vessels. Continue (继续)
China’s New Order for Tanker Vessels has shrunk dramatically from 2009. During 2009 the peak monthly order amounted to almost 7 million metric tons dead weight per month. Continue (继续)
Mark Faber is the author of ‘Gloom, Doom and Boom’. He is originally from Switzerland but has lived in Asia for long. Faber think that there is a bubble going on in China, Continue (继续)
Stephen Roach (MS) and Jim Chanos (Kynikos) discussed their opposing views on the outlook of China’s economy. Stephen Roach is a CHINA BULL in the sense that he thinks there is a lot more in the ammunition arsenal that the government can do to Continue (继续)
The Greece Debt crisis has caught the attention of most investors. The spiral of government and private debt, especially held by foreign creditors, is causing turmoils in the International capital markets. Continue (继续)
China’s Equity market (H) went through a decent correction during the last week. This is the second consecutive week of a down market. From a recent high of 22,000 in the first half of April, Hang Seng has corrected almost 10% to 20,000 (See Graph on the top left). Continue (继续)
China is world’s primary drive for demand in commodities. Above chart illustrates China’s demand share in World’s total demand for different commodities. Continue (继续)
Above study intends to evaluate the impact of RMB appreciation on equity market in different parts of the world. The chart is the performance of equity market in local currency and USD during 6 months after the RMB appreciation in July 2005. Continue (继续)
China’s monetary policy is not the tightest, nor the most loose among Asia peers. The real interest rate (policy rate – inflation) is about par in China. In comparison, Continue (继续)
The latest stats about China’s QDII (Qualified Domestic Institutional Investor) shows that most of the institutions are heavily exposed to equity market. The total AUM that QDII manages is about 73 billion RMB, with China AMC, Southern, Harvest and China International as the leading institution. Continue (继续)
China’s Property price has caused attention from the central government, and the state council has released a series of policies to curb the speculation in property market. Continue (继续)
China’s Export has moved up the value chain in the last 20 years. A comparison of China export goods sector shows that the proportion of machinery and transport equipment Continue (继续)
The China Market this week started with a sell off on the equity market, mainly due to the property sector’s reaction to State Council’s crack down, along with some ripple effect from the volatility in the US market (SEC’s allegation against Goldman). Continue (继续)
It seems that China’s import of commodites might be slowing down during Q1 2010. According to a latest stats analysis, the commodity import slowed down significantly y-o-y in Copper, Continue (继续)
USA and EU used to be China’s top export destination. Such a trend, however, is being challenged and changed. In 2010 so far, it seems that Asia ex-Japan has become the top Continue (继续)
China’s auto market is the world’s fastest growing market and just recently surpassed USA to become the world’s biggest car market (only slightly behind EU which is not a country). Continue (继续)
Universal Expo, World Fair or the Great Exhibition, whatever name you call it, seems losing its attractiveness to the world audience. However such a pessimistic fate might be turned around thanks to China government. The Shanghai Expo that officially launches in May is likely to be the most eye catching and spectacular Expo in the last one hundred years, promoting people’s interest towards Expo again.
During this week Shanghai expo had a pre-launch but it seems a painful experience to visit the expo, mainly due to the excessive crowds. To visit any hall, be it African, European or Asian, tourists need to queue for at least two hours, and some of the most popular halls are enforced to be closed as they can’t handle so many visitors. Trying to find some food in the expo is next to mission impossible, and one will be charged a hefty premium for a sandwich if he is lucky enough to undergo the long queue after a two hours wait. Continue (继续)
Two cities in Hainan Province of China lead the property boom in 2009 across the nation. The housing price in Haikou and Sanya went up around 60% y-o-y in 2009, Continue (继续)
Since the financial crisis, China’s Insurance companies have been valued at the highest level among the world peers, including Warren Buffet’s Berkshire Hathaway. Continue (继续)
According to a recent study, the Rental Yield of properties in Shanghai and Beijing leads that of Asian peers such as Tokyo, Hongkong and Singapore. Continue (继续)
(1) Money Growth
Monetary growth continues to slow down in March. M2 growth slows down to 22.5% y-o-y, which is 2.5% slower than that of Feb. RMB loan growth slows down to 21.8%, Continue (继续)
China’s GDP growth for Q1 has surprised the market on the upside. According the National Bureau of Statistics, the GDP of Q1 went up by 11.9% y-o-y (Read Article from Market Watch). Continue (继续)
What can happen in one week? Amazingly sometimes what happens in one week is beyond what most people can expect. During this week, the expectation that Renminbi is likely to be ‘soft de-pegged’ from USD and appreciate in the near future suddenly excites the market. To start with, Mr. Benanke, the Fed chairman, expressed the seemingly most strong opinion publicly in front of the Congress on the undervaluation of RMB so far (Read Article from WSJ).
To Quote:
‘I think,….their currency (RMB) is undervalued and has been used to promote a more export oriented economy’. Continue (继续)
Are you a China Bull? (您对中国有信心么)
Is there a bubble in China property (中国房产有泡沫么)
Secret for China's Growth (中国经济增长原因探讨)
1421: the year China discovered the World
China's Environmental Crisis (中国的环境威胁)
China's Unfinished Revolution (未完成的革命)
Mr China – A memoir (中国先生)
The Chinese Century (中国世纪)
The State of China Atlas (中华新地图)
To live (活着)
Who will Feed China: Wake Up Call for a Small Planet (谁来养活中国)
Asia Hotel
WCM
Chinatells (主页)