19 July 2016



Today’s Issue Cluster: China Economy



MAJOR DATA POINTS

Germany – Jul: ZEW Economic Sentiment Fell; -6.8 from 19.2 / FT

US – Jun: Housing starts rebound; +4.8%, -2.0% yr / WSJ / R


MARKETS



ECONOMICS

China – Growing at only half of official estimates: SMI survey R

China – Proves Doubters Wrong For Now as Credit Boom Stokes Growth B * *

China – The reversion to state-led growth is unsustainable FT *

China – GDP Sends Troubling Signal on Economic Reform WSJ

China – Growth Dims Stimulus Expectations B *

China – Zombie Companies Stay Alive Despite Defaults WSJ *

China – Credit Suisse: Growth to Explode Again in 2017 / t *


POLITICS & FISCAL POLICY

China – Sea Claim Has No Legal Basis, Court Says WSJ / FT / B *

China – Convicts Almost Everyone It Accuses WSJ *


MONETARY POLICY

PBOC – China’s Latest Plan for Market Control Involves Bank WSJ *


FINANCE

China – Banks’ $24t rollover risk B * *


REAL ESTATE

China – Sale of rural land remains illegal FT *

China – Breakneck Development Brings Flooding in Its Wake WSJ *


LABOR & EDUCATION



SERVICES

Media – China’s Influence on Hollywood Grows WSJ *

Media – China’s Hunger for Entertainment Spurs Deals Abroad WSJ *

Media – As economy cools, Chinese box-office sales have slowed WSJ *


MANUFACTURING

Robots – China could be the world’s leading market B * *


TECH

Streaming – Netflix Reports Sharp Slowdown in User Growth WSJ / NYT / R / WSJ *

Streaming – Netflix Price Hike Rankles Some Viewers / B *

Streaming – Now Isn’t the Time to Binge / WSJ *


TRADE & TRANSPORTATION

Auto – The Chinese do not want to pay more for driving them E *


COMMODITIES



ENERGY & ENVIRONMENT

NatGas – US exports to the Middle East FT

NatGas – First LNG Tanker Through New Panama Canal Will Carry US Gas B *


HEALTH



ENDNOTE

41% of 550 coups between 1946 and 2015 were successful vocativ *


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