A Silver (Trade) Lining on the (Economic) Cloud

Thursday, January 15th, 2009

It may be little comfort to our friends in the US, but the latest trade data, reported by Bloomberg, shows that : “The U.S. trade deficit narrowed in November by the most in 12 years as tumbling oil prices and slumping consumer spending cut imports. The gap shrank 29 percent, more than forecast, to $40.4 […]

Crunch Watch China

Friday, December 19th, 2008

Heavy economic news from Reuters: “Goldman Sachs on Thursday cut its growth forecast for China next year to 6 percent, the lowest prediction from any major bank, after a batch of extremely weak trade data across Asia. Goldman Sachs said China could stage a powerful revival in 2010, recovering to grow at 9 percent provided […]

Are You Feeling Stimulated?

Wednesday, December 3rd, 2008

With companies and economies alike feeling the Crunch, many have been looking to China as a source of economic growth – but China has also been seeing the impact of the global slowdown, and anecdotal evidence suggests that some sectors are suffering. The Chinese government has been trying to curb excessive growth over the past […]

(Credit) Crunch Time

Tuesday, October 14th, 2008

It is not all that long ago that the big credit crunch banks were being lambasted in some quarters for their plans to invest heavily in Chinese banks, and that at least one pundit was predicting “The Coming Collapse of China”. How things change! Now it is the titans of Wall Street and the City […]

China’s Trade Surplus. America’s Export Growth.

Tuesday, October 14th, 2008

Bloomberg reports: “China’s trade surplus widened to a record in September, boosting the currency reserves that may shield the world’s fourth-biggest economy from the global crisis. Exports rose 21.5 percent from a year earlier to $136.4 billion after gaining 21.1 percent in August, the customs bureau said on its Web site. The trade surplus climbed […]

Stat Wrap (August 2008)

Sunday, September 21st, 2008

Another month, another set of stats: • Inflation: “China’s politically sensitive consumer inflation eased in August to a 14-month low…Consumer prices rose 4.9 percent in August over the same month last year, the National Bureau of Statistics said. That was down from July’s 6.3 percent and well below February’s 8.7 percent rate — the peak […]

Stat Wrap (June 2008)

Monday, July 21st, 2008

This month’s stat wrap core comes courtesy of Caijing Magazine, which informs us in its newsletter that: • “China”s gross domestic product (GDP) grew 10.4 percent to top 13 trillion yuan during the first half of the year (according to National Bureau of Statistics)…was down 1.8 percentage points from the same period last year. • […]

Shrinking Surplus. Market Pricing.

Monday, July 7th, 2008

The infamous trade surplus is falling, but rather than being driven by structural changes in trade, it is sky-high commodities prices that are having an impact, as AFP reports: “Soaring imports caused China’s trade surplus to shrink nearly 10 percent as rising global commodity prices stoked inflation in the domestic economy, official figures showed Wednesday. […]

Stat Wrap (June 08)

Thursday, June 19th, 2008

The latest stats (with the usual warnings) to come out of China include: Trade: AP reports “China’s trade surplus shrank 10 percent in May from a year earlier, the second straight monthly decline…The $20.2 billion surplus for May was still relatively large — up from a $16.7 billion gap in April and $13.4 billion in […]

Will the Quake Shake the Economy?

Tuesday, June 10th, 2008

While China stood in silence to mourn the human impact of the earthquake (and even netizens took time off), and the physical devastation locally, the wider economic impact also needs to be addressed as part of the recovery plan. Euronews reports: “US investment banks Merrill Lynch and Goldman Sachs say the quake should not have […]