12 August 2015



Today’s Issue Cluster: China Markets

Gaming – Macau: Gambling revenue drops 34.5% in July
Autos – China: Buyers burnt by stocks rout desert showrooms
TPP – Japan anxious at lull, US ‘giving up’


MAJOR DATA POINTS

EZ – Jun: Industrial production falls; -0.4%; +1.2% yr / WSJ *

US – Jun: JOLTS Job Openings Decreased; 5.25m from 5.36m / B


MARKETS

China – Devalues yuan amid reserve currency push FT / WSJ / NYT / R / B *

China – Markets Jolted WSJ / FT *

China – Intervenes to Support Tumbling Yuan WSJ / FT / R / WSJ / R / NYT *

China – IMF gives cautious approval FT

China – Move Cloaked as Bold Market Reform B / X *

China – Yuan Fall Won’t Ease Pressure WSJ / FT *

China – US Strains Mount WSJ *

China – Winners and Losers B / WSJ * * * * * *

China – Global Impact WSJ / FT *

China – Antipodean dollars hit FT *

China – Asia currency wars FT / WSJ / FT * *

China – Goldman estimates stock rescue at $144b FT / ft / wsj * *

China – Retail Investors Flee Plunging Markets WSJ *

China – Tighter Grip on Stock Market Strangles Shareholders WSJ *


ECONOMICS

China – Economy Sputters Into H2 WSJ / FT / R *

China – Companies Pay Debt Premium WSJ *

China – Moves to back small rural businesses FT * *

China – Cities Woo Private Investors NYT

China – Takes Its Debt-Driven Growth Model Overseas WSJ *


POLITICS & FISCAL POLICY

China – Devaluation Worsens Debt Woes for Local Governments WSJ

China – Urbanization leading to clashes between with farmers FT * *


MONETARY POLICY

Fed – China’s Export Defense Will Slow Yellen’s Offense WSJ *


FINANCE



REAL ESTATE

China – What next: a housing crash? FT


LABOR & EDUCATION



SERVICES

Gaming – Macau: Gambling revenue drops 34.5% in July R / BM *


MANUFACTURING

Autos – China: Buyers burnt by stocks rout desert showrooms R / WSJ


TECH

China – Set to Take Bite Out of Apple WSJ *


TRADE & TRANSPORTATION

TPP – Japan anxious at lull, US ‘giving up’ R

TPP – Dairy farmers milk politics R *


COMMODITIES

Commods – China Digs a Hole WSJ *

Aluminum – Meltdown fears FT * * *

Mining – Debt Loads Grow for Australian Firms WSJ *


ENERGY & ENVIRONMENT

Air – China War on Pollution Benefits From Economic Slowdown WSJ *


HEALTH



ENDNOTE

Uber Is Serving NY’s Outer Boroughs More Than Taxis Are 538 * *


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