8 April 2016



Today’s Issue Cluster: China

HK – Rising China risk tarnishes business hub luster
PBOC – Monetary Easing Is Starting to Hit Home
China – Faces struggle to recast steel workers for service sector


MAJOR DATA POINTS

US – Feb: Wholesale inventories fall sharply; -0.5% from -0.2% (was +0.2%) / R


MARKETS

China – Bulls Become an Extinct Species WSJ

China – Renminbi bears rethink currency bets FT *

China – Has currency truce been declared? FT * *

China – Currency moves sow confusion FT *

China – IMF Pressing for More Disclosure on Currency Operations WSJ *

China – Forex reserves rise for first time in five months FT

China – Forex Losses Jumped 13-Fold, Investors Brace for More B *

China – Stanches Flow of Money Out of the Country NYT *

China – Currency Victory Hides Scars of War WSJ *

China – Beijing Quietly Signals Growing Market Confidence WSJ *

HK – China Traders Flee to Hong Kong in Record Stock-Buying Streak B *


ECONOMICS

China – Stabilizes but economists warn on stimulus risk FT *

China – New economy groups outperform FT *

China – Workers ‘to account for 12% of global consumption’ FT * * *

China – Industry profit margins set to remain under pressure FT *

China – Innovation Sputters WSJ

China – Upheavals in taste and shopping habits FT *

China – Piece of the global art market is shrinking WSJ *

Taiwan – Faces a testing transition FT *


POLITICS & FISCAL POLICY

China – Never-ending stimulus: Adding up local debt B *

HK – Rising China risk tarnishes business hub luster AP


MONETARY POLICY

PBOC – Monetary Easing Is Starting to Hit Home B * *


FINANCE

China – Bank profits flat-line as bad debts continue to soar R / FT / WSJ *

China – Banking system is large / t *


REAL ESTATE

China – Price falls keep property developers grounded FT *

China – Subprime Housing Risks Raise Red Flags WSJ *

China – Battered Property Stocks Are Cheap for a Reason WSJ *


LABOR & EDUCATION

China – Where Oil Workers Have Job Security WSJ *

China – Faces struggle to recast steel workers for service sector FT *


SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Photos taken by locals and tourists in Hong Kong motw *


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