28 August 2014



Today’s Issue Cluster: China Economy

Media – ‘Hollywood dances to Beijing’s beat’
Iron – Market is sinking under the weight of new supply
Coal – China: Port Seen as Economic Barometer Set for Record Supply


MAJOR DATA POINTS

Germany – Aug: Unemployment Rises; +2k to 2.901m / B / AFP

Germany – Aug: Low Inflation Puts Pressure on ECB; 0.8% from 0.8% / WSJ / B *

US – Q2: Economy Expands More Than Previously Forecast; +4.2% was +4.0% / R / WSJ / B / AP *

US – Jul: NAR Pending-Home Sales Rose; +3.3% from -1.3% / WSJ / B / R *

US – Week: Jobless Claims Little Changed; -1k to 298k / AP / WSJ / R / B *


MARKETS

Currencies – Aussie: Defiance of Iron Ore Erodes on Fed Bets B *


ECONOMICS

China – Little Improvement Seen from Economic Stimulus Measures WSJ / FT / R *

China – ‘Economic recovery momentum tails off’ CD *

China – Credit Growth Declines Sharply WSJ

China – Cracks Down on Money Leaking Out of Its Borders WSJ *

China – Top Graft Buster Probing Thousands WSJ * *

China – Reform Pace Suggests Beijing Thinks It Can Wait WSJ

China – Beijing Faces Pressure to Spur Economic Growth WSJ *

China – Kicks off second round of privatisation FT * * * *

China – European companies slam antitrust probes FT / WSJ / B

China – Western brands strive to click with shoppers FT

China – Local Officials Push for Factories to Move Inland NYT

China – Small cities steer away from GDP as measure of success FT

China – Damps Asia’s Export Rebound wsj *


POLITICS & FISCAL POLICY

US – Deficit Forecast Trimmed as Rates Stay Low WSJ *

US – Medicare, Social Security Disability Fund Headed in Different Directions WSJ * *


MONETARY POLICY

World – Central bankers face ‘confidence bubble’ FT * *


FINANCE

China – PBOC Resolve Tested as $6t Shadow Banking Industry Sours B

China – Profit Growth Rises at Bank of China, but so Do Bad Loans WSJ / B / WSJ

China – Banks get serious about risk of bad debts swell R / B / NYT / WSJ / FT

China – Beijing Pushes Cleanup of Banks WSJ


REAL ESTATE

China – Sales volume in top 30 cities down 31% YoY / b *

China – Developers offer hefty discounts in strained homes market FT

China – Property bubble is ‘major risk’ FT / N * * *

China – Local governments depend on land sales for half of their budget q *


SERVICES

Media – Hollywood laments summer of plummeting cinema receipts FT / BW *

Media – ‘Hollywood dances to Beijing’s beat’ N / N / N / N * *


MANUFACTURING

Auto Parts – India competition watchdog fines carmakers over spare parts FT / R / B

Autos Parts – China: Fines 10 Japanese makers over price collusion FT / WSJ / R / NYT / B / AP / AFP / R / WSJ

Auto Parts – Giants Hunt for Mergers WSJ *


TECH



TRADE & TRANSPORTATION



COMMODITIES

Iron – Tumbles to two-year low FT *

Iron – Market is sinking under the weight of new supply r *


ENERGY & ENVIRONMENT

Coal – China: Falls victim to energy policy FT * * *

Coal – China: Consumption Falls RT / X * *

Coal – China: Port Seen as Economic Barometer Set for Record Supply B

Coal – China: ‘Gas boom in China holds climate change risks’ AP

Coal – India: Court ruling fuels confusion FT / WSJ / FT / R / NYT / WSJ * * *

Coal – Germany: ‘Needed to balance dependency on Russian gas’ R

Coal – US: NC Lawmakers Approve Legislation to Regulate Ash WSJ


LABOR & EDUCATION



HEALTH

Demog – Asia: The clock is ticking N * * * * *

Demog – Asia: Sweet Spots / b *


ENDNOTE

Historical map of driving standards, beginning with Finland’s change in 1858 motw *


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