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Craig Stephen: China has an overcapacity problem Commentary: China Mobile homemade-tech risks offer case in point The Chinese economy found a new gear in the last quarter of 2012, as growth re-accelerated. But corporate China could find it harder to get an earnings lift from this burst of activity. One recurring fear is that companies, particularly in state-owned industries, are adding capacity they do not need. While this can help support GDP [...] The impact of China’s slowdown and has been impacting corporate profits.
And Chinese cement company Dongwu Cement, which had its initial public offering just 49 days ago, has already issued a profit warning. Patrick Chovanec alerted us to the company that is expected to report a first half loss. The company’s prospectus at the time of the IPO showed that declining fixed asset investment in the country would see demand for cement decline, impacting prices. With Beijing dead set [...] Also Sprach Analyst
Everyone has their own opinion on what will happen to the Chinese economy if Europe blows up. That ranges from a totally delusional “nothing happen” to, well…
Given the consensus remains hugely delusional and bullish, this is probably the most bearish I have come across. From the China International Capital Corp (CICC), they believe that if Greece exits the Euro, China’s economy growth would be cut down to just 6.4% [...] The latest container shipments into the port of Los Angeles and Long Beach confirm that China (and Asia) is no longer nearly as much in the game. Inbound is down 10% from last year and 20% from the same month in 2007. I do think a little marginal production has shifted to the US, but it isn’t really showing up in the data, as rail car traffic in the US is now [...] From The Gold Report: When it comes to picking gold mining names in the current market environment, John Stephenson, author and portfolio fund manager at First Asset Investment Management, believes that buying the “best of breed” is the way to go. In this exclusive interview with The Gold Report, he explains his reasoning in light of how the current global economic environment is affecting prospects for the metals markets and valuations of [...] (Reuters) – China’s economic expansion slowed in the third quarter to its weakest pace in more than two years as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term. GDP grew 9.1 percent from a year earlier, the third consecutive quarterly slowdown in growth after 9.5 percent in the second quarter and 9.7 percent in the first. In [...] By MarketWatch SHANGHAI (MarketWatch) — China’s trade surplus is likely to narrow 14% to $157 billion in 2011 from a year earlier, a government think tank said Thursday. The country’s exports are likely to rise 20% this year, while its imports are likely to increase 24.5%, the State Information Center said in a research note published on the China Securities Journal. In the first half of the year, [...] by ZH So much for the world’s largest economy no longer overheating. CPI came ahead of expectations yet most other key economic indicators confirmed a slow down in the economy, even as borrowing appears to be picking up once again. Could China be exhibiting the very first symptoms of our very own stagflationary squeeze? CPI at 5.3%, Consensus at 5.2%, previous 5.40% With last year’s record excess liquidity driving up prices across the board, China’s inflation spiraled higher in April as the month’s consumer price index hit 2.8 percent, and PPI soared to 6.8 percent. * China April CPI up 2.8% China April new lending reach 774 bln yuan China’s April industrial value-added expands 17.8% China’s PPI up 6.8% on year in April China’s fixed asset investment up 26.1% in first 4 months China’s retail sales up 18.5% in [...] 1) Risk of Japan going bankrupt is real, say analysts “TOKYO  Greece’s debt problems may currently be in the spotlight but Japan is walking its own financial tightrope, analysts say, with a public debt mountain bigger than that of any other industrialised nation. Public debt is expected to hit 200 percent of GDP in the next year as the government tries to spend its way out of [...] |
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Mike Krieger On When Central Banking Dies: China & Oil
From Mike Krieger of KAM LP
No quotes today. Just this image. This applies to everyone in every country on this planet. You are being herded. The gate is closing.
“Rise and Rise Again until Lambs become Lions.”
When Central Banking Dies: China and Oil
China
China is a topic on which I have differed greatly from many analysts and macro commentators with whom I generally share a similar economic philosophy. What I have heard [...]