13 January 2015



Today’s Issue Cluster: Coal

China – Projects to Make Great Wall Feel Small
HK – The mainland’s colonization of the economy
Iron – Prospects of Australia miners have suddenly brightened


MAJOR DATA POINTS

China – 2014: Misses trade growth target; +3.4% vs +7.5% goal / FT / R / B / WSJ / X *

US – Dec: NFIB business confidence at eight-year high; 100.4 from 98.1 / R *

US – Nov: JOLTS Jobs Openings Up; 5.0m from 4.8m / cr *


MARKETS

China – Tide May Be Turning for Shanghai Stock Rally WSJ *

China – Banks Spur Rally in Shares WSJ *

China – Some Fund Managers Say Stocks Can Go Higher WSJ *


ECONOMICS

China – Price controls blunt impact of rising dollar and falling oil FT

China – Projects to Make Great Wall Feel Small NYT *

China – Antigraft Campaign Ripples Through Economy WSJ *

China – Top country losing via illicit flows / gfi / t *

China – Zombie factories kept open to give illusion of prosperity FT

China – Old rustbelt suffers a big setback E * *

China – Japan Rises in Travel Survey WSJ *

China – Courtship of Latin America tested FT * * *


POLITICS & FISCAL POLICY

HK – The mainland’s colonization of the economy R / R * *


MONETARY POLICY



FINANCE

China – To Ease Rules to Boost Lending WSJ / B *


REAL ESTATE

China – Small cities buy up their own land FT

China – Large role of land sales in financing local governments / db *

China – 2015 could be the year for local debt defaults / b *

China – Developer Appears to Default WSJ *

China – Property Shows Default Lines WSJ / CD / N *


SERVICES

Media – Chinese Movie Box Office Falls Short of Target WSJ *

Media – Highest grossing films of 2014 / r *


MANUFACTURING

Autos – Electric: GM’s Bolt sparks rivalry WSJ / FT / R / B / AP / NYT / R / WSJ / B *

Autos – Electric: Elon Musk Charges Head-On at Detroit WSJ * *


TECH



TRADE & TRANSPORTATION



COMMODITIES

China – Commodity Imports Surge on Low Prices WSJ

Gold – Miners struggle to shine in investors’ eyes FT / B *

Gold – China Miners Drop Shovels as Slump Bites / B *

Iron – Prospects of Australia miners have suddenly brightened R *

Iron – Bounce likely to be shortlived FT / CD * *

Nickel – Supply likely to fall as Indonesia’s export ban turns 1 N

Copper – Price sheds light on crude’s fall FT / FT / FT *


ENERGY & ENVIRONMENT

Coal – European prices swing to discount as US cargoes flood market R *

Coal – Falling oil prices aid miners FT

Coal – China companies on the edge as sales nose-dive CD

Coal – China’s Addiction Brings Scourge of Black Lung WSJ * *

Coal – Thailand Places a Plant Next Door WSJ *

Coal – Polish Government to Shut Mines, Faces Opposition WSJ

Coal – Is decline permanent? r *


LABOR & EDUCATION

China – Migrant Workers Struggle for Pensions WSJ


HEALTH

H5N8 – China Bans Imports of US Poultry Amid Bird-Flu Concerns WSJ

H5N8 – Bird Flu Found at Six More Poultry Farms in Taiwan WSJ


ENDNOTE

The waning of disease spectator *


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