ASIA: China’s official economic growth target is expected to be set above 5 percent in 2022, analysts told in an interview. China enters the local “two sessions” season, when local GDP growth targets are usually announced. Beijing and Central China’s Henan Province became the latest to start their annual meetings since Wednesday. Southwest China’s Xizang […]

ASIA: China’s factory activity unexpectedly picked up in November, growing for the first time in three months as the crippling surge in raw material prices and power rationing eased, taking some pressure off the manufacturing sector. The official manufacturing Purchasing Managers’ Index (PMI) rose to 50.1 in November from 49.2 in October, data from the […]

  ASIA: Recent outbreaks of the Delta variant have prompted travel restrictions and lockdowns in some cities in China, damping economic activities, while Beijing’s tough stance to deleverage the property sector, which contributes 14 percent to China’s gross domestic product (GDP), will further slow growth in the coming months, according to Andrew Fennell, a senior […]

COMMENT: Marty; the Fed quietly published the banks it was funding in the Repo Crisis. I just wanted to say, you are always right. The press claimed it was tax time, but you said it was the crisis in European banks. Your sources are always spot on. Thanks for the light of truth. PG REPLY: […]

COMMENT #1:  Re Institutionalizing of Real Estate Market Hi Marty Thank you for this post, I see your point that it is better that hedge funds buy real assets then plunge the world into a financial crisis with a pump and dump scam based on securitizing mortgages into packages calling them A rated when they […]

  ASIA: Japanese retail sales rose at the fastest pace in five months in March as consumer demand recovered from the huge hit it took from the coronavirus pandemic last year. The world’s third-largest economy has emerged from last year’s slump on an export recovery, though a glacial vaccine rollout and a resurgence in infections […]

  When we look around the world the final say in every election is always the vote of capital – which is international rather than confined to local politics. Biden has already shut down the pipeline from Alberta which will only be symbolic for whatever substitute will mere be brought in by ship and pumped […]

ASIA: The Chinese government issued debt at a negative interest rate for the first time on Wednesday in a bond sale that attracted significant investor interest, according to Deutsche Bank (DB), one of the banks that helped arrange the transaction. Faced with ever lower interest rates at home, European investors snapped up the bulk of […]

ASIA: China’s ruling Communist Party is stepping up efforts to rein in some of China’s most powerful companies, jolting investors and dealing a blow to the country’s richest entrepreneurs. China, on Tuesday, unveiled regulations to root out monopolistic practices in the internet industry, seeking to curtail the growing influence of corporations like Alibaba Group Holding […]

ASIA: The Australian government is seeking assurances from China over the impact of reported curbs of coal imports, while calling on Beijing to end the freeze on ministerial talks as concerns grow about widening trade tensions. There has not yet been any official confirmation of the move – first reported by S&P Global Platts and […]