BLACK CHINA BLOG >> China Economy


The fall in China’s stock market created news around the world, not just for the fall but for the actions taken by the Chinese government to prevent the fall. Those actions centred around last weekend, when leading stockbrokers were told to volunteer to buy shares, among other measures. It has now emerged that there were other […]

By: Paul Adkins | Read More

The 3-month price of aluminium slipped below RMB12,500 today. It is now in danger of slipping further, as support is drying up amidst heavy selling pressure. Part of the problem for the light metal is that the  financial world is focused on the Shanghai stock market, where rescue efforts by Beijing over the weekend seem […]

By: Paul Adkins | Read More

If you are thinking that the world’s biggest casino is in Macau, or Las Vegas, or Atlantic City, think again. Shanghai and China win the prize. The Chinese government is showing all the signs of a gambling addict at the tables of the world’s biggest casino – the Shanghai stock market.   Over the weekend, […]

By: Paul Adkins | Read More

The People’s Bank of China (PBoC) has announced a cut to interest rates and at the same time a cut to the Reserve Requirement Ratio for some banks. Interest rates will go down by 25 basis points on both deposits and loans. The RRR cut is for 50 basis points for nominated banks. The move […]

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China’s efforts at controlling its spiralling debt problem are being undermined by its own provinces. As provinces issue more and more bonds, the market for the financial instrument is now awash with offers, forcing rates higher, according to a Reuters report today. Heavily indebted local governments seeking to refinance expensive debt have issued more than 600 billion […]

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Total energy consumption in China grew by just 2% YoY in May, coming in at 458 billion KWH.  Total production was flat YoY.  According to the latest data, industrial energy consumption dropped by 1%. Energy consumption has previously been touted as a good quasi indicator of economic growth, with China’s Premier Li Keqiang saying it was one […]

By: Paul Adkins | Read More
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