Today’s Issue Cluster: China
PBOC – Signals Less Appetite for Stimulus as Outlook Improves
Commods – China’s Great Ball of Money Is Rushing Into Futures
Crops – A stronger dollar is making US wheat less competitive
EZ – Apr: Markit Manufacturing PMI Eases; 51.5 from 51.6 / m
US – Apr: Markit Manufacturing PMI Lowest In 6 yrs; 50.8 from 51.5 / m *
China – Investors Tiptoe Back Into Shares WSJ *
China – The recent calm is unlikely to last WSJ *
China – Defaults send chill through bond market FT * *
China – Quietly Halting Creation of New Investment Businesses WSJ *
China – It’s All Suddenly Going Wrong in $3T Bond Market B *
China – Bond Market Shows Silver Lining of Stress WSJ *
China – Debt: not a cheap American copy FT *
China – Revival Policies Appear to Gain Traction WSJ / R *
China – Calms Anxiety With Economic Fixes WSJ
China – GDP Data Shows a Very Predictable Pattern B *
China – QoQ and YoY GDP data aren’t adding up B *
China – It’s Never Been This Hard for Debtors to Pay Interest B * *
China – Missed Opportunities to Kill Zombie Companies WSJ *
China – Another Curious Case of Stock Alchemy WSJ *
China – Corporate credit outpaces GDP since 2007 / t *
China – Two Zones Emerging as Economy Slows / b *
China – Bleak times in bra town E *
China – Out with the old economy FT *
PBOC – Signals Less Appetite for Stimulus as Outlook Improves B
China – As Growth Slows, Banks Feel the Strain of Bad Debt NYT
China – House prices surge as efforts to cool market fall flat FT / NYT
China – New mortgages up 75% / e *
China – Beijing rent ranked world’s least affordable FT *
China – Economy Faces Recovery Without Legs WSJ *
China – Makes Plans for 1.8m Workers Facing Unemployment WSJ
Commods – Make a Comeback as Bad Weather Meets Chinese Demand B *
Commods – China speculators drive rally FT / B *
Crops – A stronger dollar is making US wheat less competitive BW *
Photos taken by locals and tourists in Vancouver motw *
