1 June 2016



Today’s Issue Cluster: eTaxis

China – Fathom: Outlook turning for the better
PBOC – Shines Light on New Risks in $8t Shadow Loan Market
China – Default Chain Reaction Threatens Products Worth 35% of GDP


MAJOR DATA POINTS

China – May: Official manufacturing PMI unchanged; 50.1 / R
Australia – Q1: GDP growth accelerates; +1.1% from +0.7% / FT *
Brazil – Q1: Economy shrinks; -0.3%, -5.4% yr / AFP / ft *
US – Apr: Construction spending largest drop in 5 years; -1.8% from +1.5% / R
US – May: ISM manufacturing PMI rises; 51.3 from 50.8 / CNBC


MARKETS

China – Investors anticipating inclusion of shares in MSCI index WSJ

China – Old-School Stocks Are Back in Style WSJ *


ECONOMICS

China – Fathom: Outlook turning for the better r *


POLITICS & FISCAL POLICY



MONETARY POLICY

PBOC – Shines Light on New Risks in $8t Shadow Loan Market B *


FINANCE

China – Banks looking to debt markets as deposit growth drying up WSJ *

China – Default Chain Reaction Threatens Products Worth 35% of GDP B *

China – ‘Massive Bailout’ Needed, Analyst Says B *

China – Small banks report big jump in bad loans FT

China – Lending Is So Risky That Cows Are Now Collateralized B *

China – Mobile Payment Battle Becomes a Free-for-All WSJ * *


REAL ESTATE

China – Homeowners Find Themselves in a Land of Doubt NYT

China – Real-Estate Firms Rush to Tap Capital Markets WSJ

China – Pacific-Rim Property Firms Hurt by Slowdown WSJ

China – Developers face setbacks in ambitious foreign push FT * *


LABOR & EDUCATION



SERVICES

eTaxis – Uber Effect Sees Taxi Fares Tank Around the World B / FT *

eTaxis – Uber piles pressure on US taxi financiers FT * *

eTaxis – Apple plants seed in China taxi service FT *

eTaxis – Lyft to offer scheduled rides FT

eTaxis – Alphabet Unveils Carpooling App, Fraying Ties With Uber WSJ

eTaxis – Uber’s Ride-Sharing Dominance Comes Under Pressure WSJ

eTaxis – Uber hits the road with self-driving car FT / B *

eTaxis – Other ways to balance supply and demand E *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

Air – Iata warns of slowdown FT

Air – United Flies Further Into China WSJ *

Air – Budget carrier alliance may shake up industry N * * *


COMMODITIES



ENERGY & ENVIRONMENT

Coal – China’s cheaper price seen slowing switch to natgas B

Coal – China’s Plant Binge Deepens Overcapacity Woes WSJ * *

Carbon – China’s Emissions May Have Peaked, but It’s Hazy NYT


HEALTH



ENDNOTE

Urban Footprints around the world motw *


Comments are closed.