12 January 2016



Today’s Issue Cluster: China Markets

China – Challenge getting poor to buy vacant homes
Ship – Yards Vanish as China Loses Appetite for Ore
Oil – China Demand Showing Signs of Cracking


MAJOR DATA POINTS

US – Dec: JOLTS openings just shy of estimates; 5.431m from 5.349m / sa


MARKETS

China – Official: Bets Against Yuan Are ‘Ridiculous and Impossible’ WSJ

China – Did Beijing Change the Way It Fixes the Yuan? WSJ *

China – Faces currency issues beyond US dollar FT

China – Opens new front in war on speculators FT *

China – ‘Intervention by Beijing Is Worsening Market Woes’ WSJ *

China – Renminbi remains firm against basket FT * *

China – Two renminbi rates converge FT / WSJ *

China – ‘Murderous’ Yuan Rate Jolts HK Currency Hub B

China – Market Illness Has Gotten More Contagious WSJ *

China – U-turn stokes circuit breaker debate FT *

China – Doubts are raised over party-state’s financial management FT **

China – Asian markets ensnared by turmoil FT *


ECONOMICS

China – Era of Easy Choices Is Over WSJ *

China – Backed by their government, companies splash out abroad N *

HK – Retail Slows as Mainland Tourists Stay Away WSJ *


POLITICS & FISCAL POLICY

Taiwan – China looms large as political pendulum swings N *


MONETARY POLICY



FINANCE

China – Banks feel the heat of meltdown FT

China – Claims it has a ‘stable and healthy’ financial system FT *


REAL ESTATE

China – Challenge getting poor to buy vacant homes R


LABOR & EDUCATION

China – Police arrest activists in campaign against unrest FT *


SERVICES

Gaming – Macau Casinos End Dismal Year on Low Note WSJ / NYT *

Gaming – Macau GDP falls 24% in third quarter / t *

Gaming – Macau Fortunes Hit 5-Year Low, Lead on Vegas Narrows B * *

Gaming – Why Odds Are Long for Macau Recovery WSJ *

Gaming – Rising debt and slowdown in EMs are a bad combination FT *


MANUFACTURING

Ship – Yards Vanish as China Loses Appetite for Ore B * *


TECH



TRADE & TRANSPORTATION

Ship – Owners rocked by sinking charter rate FT / FT / FT *

Ship – US Port Traffic Grew at Slowest Rate Since Recession in 2015 WSJ


COMMODITIES

Commods – China Hunger Wanes, and Pain Spreads Among Producers NYT


ENERGY & ENVIRONMENT

Oil – China Demand Showing Signs of Cracking B *

Oil – Plunge Sparks Bankruptcy Concerns WSJ *


HEALTH

H5N6 – Chinese woman dies of bird flu, another woman critical AP

H1N1 – Flu virus kills 14 in Costa Rica AP


ENDNOTE

Bowie’s new album heads to #1 / r *


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