27 June 2014



Today’s Issue Cluster: China

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MAJOR DATA POINTS

Japan – May: Inflation Slows; 1.4% from 1.5% / B / b *

Japan – May: Jobs Market Improves; 3.5% from 3.6% / R / WSJ / b *

US – Jun: UMich consumer sentiment rises; 82.5 from 81.9 / R / r *


MARKETS

EMs – Risk grows of disorderly bond sell-off FT

EMs – The “Fragile Five” are looking brittle again WSJ *


ECONOMICS

China – Companies have racked up $14t in debt FT / WSJ / B / q * *

China – New Loans Top Estimates in Boost for Economy B

China – World’s Biggest Debt Load Lures Distressed Funds B

China – Local Debt Growth Slows as Economic Expansion Cools B

China – Beijing’s Overhauls Get Short Shrift WSJ

China – ‘New era’ for German investment CD *

China – Pushes for World Bank rival FT


POLITICS & FISCAL POLICY

Hong Kong – China calls democracy poll ‘illegal’ FT / WSJ / R

Tibet – The Communist Party deepens integration with the rest of the country E *

Xinjiang – Web Preaches Jihad to China’s Muslim Uighurs WSJ / R *


MONETARY POLICY

PBOC – Central Bank Keeps Pumping Cash Into Financial System WSJ / wsj


FINANCE

China – An enticing but elusive market for foreign banks E *

China – Reasons to be bearish FT

China – Bankers Worried About Loans They Made to Chen Jihong WSJ *

China – Investment Banks on the Rise WSJ *


REAL ESTATE

China – Prices of New Homes Decline WSJ / B / b * * *

China – Property sales fall in June, smaller cities hit hardest ft * *

China – Housing market losing steam NYT *

China – Home Price Trend vs. Other Countries / b *

China – Correlation between house prices and consumer confidence threatens economy / b *

China – Property Collapse Seen as $33b in Trusts Due B

China – Investors Downbeat WSJ *

China – Commercial property carries biggest risks for investors FT

China – Manhattan Project Marred by Ghost Buildings B * *

China – Paper Warns on ‘Overly Pessimistic’ Views WSJ

China – ‘Expert sees soft landing in end to real estate boom’ CD


SERVICES

F&B – NY court votes 4-2 to block NYC’s soda ban WSJ

F&B – UK eyes fizzy drink tax to tackle obesity FT *

F&B – Frozen Foods Grow Cold as Tastes Shift to Fresher Fare WSJ *

F&B – Butter Makes Comeback as Margarine Loses Favor WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Fish – China Ends Ban on US Geoducks WSJ

Fish – Farmed to take over from wild seafood on dinner table FT


ENERGY & ENVIRONMENT



LABOR & EDUCATION

China – Lacks skilled workforce, govt think tank says CD


HEALTH

Demog – China: The changing face of growing old FT *

Demog – China: Scrambles to Adjust to Baby Boomlet WSJ

Demog – China: HK looks to export its elderly to mainland FT * * * *

Demog – China: Linguistic Divisions / motw *


ENDNOTE

The 31 countries Google Maps won’t draw borders around q *


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