8 June 2016



Today’s Issue Cluster: China Economy

China – PBOC shines light on risks in $8t shadow loan market
China – Labor markets flash warning sign as jobs slide
F&B – China’s taste for craft to provide fizz for brewers


MAJOR DATA POINTS

China – May: Trade data stabilizing; imports -0.4%, exports -4.1% / FT *

Japan – Q1: GDP revised up; +1.9% was +1.7% / R

US – Apr: JOLTS hiring slowest in nearly two years; 3.5% from 3.7% / R


MARKETS

China – Most Battered Market Is the Worst Place to Find Bargains B *

China – Boom-Bust in Equity Market Leaves an Economic Hangover B *

China – Forex Reserves Shrink, Renewing Capital-Flight Concerns WSJ *

China – Latest Export: Broken Deals WSJ *

China – Debt (Much) Higher Than Thought, Goldman Says B *

China – Toxic Debt Solution Has One Big Problem B *


ECONOMICS

China – Rails against global ‘hype’ on overcapacity NYT / FT / R / FT

China – It’s Impossible to Talk About Just One ‘Economy’ B * *

China – Rustbelt Revamp Leaves Millions of Jobs at Risk B *

China – Factory to the World Is in a Race to Survive B *

China – EU Firms Find ‘Increasingly Hostile’ Environment WSJ *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

China – Long Shadow Hangs Over Banks WSJ *

China – PBOC shines light on risks in $8t shadow loan market B *


REAL ESTATE

China – Property Prices Rebound, but Stocks Tell Another Story WSJ *


LABOR & EDUCATION

China – Labor markets flash warning sign as jobs slide B *

China – Hidden Unemployment Rate B *


SERVICES

Media – Chinese investors flood into Hollywood FT * *

Media – China steps up investment in Hollywood FT *

Media – China’s Movies Are a Hit With Investors WSJ *

Media – Studios Back App, Hoping to Fill Cinema Seats WSJ *


MANUFACTURING

F&B – China’s taste for craft to provide fizz for brewers R

F&B – Hops harvest forecast to set a 7-year high FT *

F&B – Upstarts Rise Against Craft-Beer Founding Father Samuel Adams WSJ *


TECH



TRADE & TRANSPORTATION

US/China – Talks Limited by Disagreements WSJ *


COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Population density of China motw *


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