21 March 2016



Today’s Issue Cluster: China

HK – Port declines from #1 to world’s fifth-busiest
China – Labor Protests Multiply in as Economy Slows
Media – China on course to be world’s biggest movie market by 2017


MAJOR DATA POINTS

US – Feb: NAR Existing home sales plunge; -7.1% / CNBC


MARKETS

China – Wary Investors Find Haven in Booming Southeast Markets B *

China – Insurers Make Moving Money out of Country Harder WSJ *

China – Outflows of Money Slowed in February B / NYT

China – Yuan Loses Luster in Global Trade WSJ *

China – Middle classes still moving into dollars FT *

China – Defends veracity of foreign exchange reserves data FT *

China – Burns hedge funds as $562m yuan bet turns worthless B *

China – Cautious Reception for Head of Securities Regulation WSJ *

China – Bears could start to feel isolated FT *


ECONOMICS

China – Growth Has Slowed to Near Zero in Nominal Dollar Terms B *

China – Has a $590b Problem With Unpaid Bills B / FT *

China – Cannot escape the economic reckoning that a debt binge brings E *

China – Seeks to balance stimulus and reform FT / AP *

China – Growth Addiction Leaves Deleveraging, Reform in Back Seat B *

China – Leaders Put the Economy on Bubble Watch WSJ *

China – ‘Bulging pipeline’ of investment projects boosts bulls FT *

China – On an Overseas Buying Spree WSJ * *

China – Fighting Money Exodus, Squeezes Business WSJ *

China – Begins to Tackle Its ‘Zombie’ Factory Problem WSJ *

China – Clumsy SOEs stagnate as private companies race WSJ

China – Sets 6.5% to 7.0% Growth Target B / R / FT / WSJ / NYT *

China – Lending growth is going much faster WSJ *

China – Tourism spending leaps 53% in a year FT *

HK – Port declines from #1 to world’s fifth-busiest b


POLITICS & FISCAL POLICY

China – Premier Says It Is ‘Impossible’ to Miss Targets WSJ / B / AP

China – To Shift Debt Burden in Tax Overhaul WSJ *


MONETARY POLICY



FINANCE

China – Explores debt-for-equity swaps to defeat bad debt pile-up FT *

China – Regulators Speed Up Bad-Loan Help for Banks WSJ *

China – Bad Debt Solution Isn’t Magic WSJ *

China – ChemChina’s Global Shopping Spree Is Debt-Fueled WSJ *

China – As Internet Firms Lure Cash, Worries Follow WSJ

China – Alibaba Affiliate Ant Financial Valued at More Than $50b WSJ *

China – To crack down on P2P lenders FT * *


REAL ESTATE

China – Awash in Empty Homes, Beijing Asks Migrants to Settle Down NYT

China – For whom the bubble blows E *

China – Money rolling hard into Tier 1 property FT / WSJ / FT / FT * *

China – Said to Plan Crackdown on Loans for Home Down-Payments B *

HK – Cost of living forces married couples into separate beds FT *


LABOR & EDUCATION

China – To lay off 5-6m workers R / FT / R *

China – May Rein in Wage Rises to Boost Economy WSJ *

China – Labor Protests Multiply in as Economy Slows NYT / AP / NYT


SERVICES

Media – China on course to be world’s biggest movie market by 2017 FT *

Media – Chinese Cinema Stocks Face Box-Office Blunder WSJ / WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

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