Showing 1 - 4 of 4
Could China be close to recession?
News, Christopher Balding, Published on 02/06/2017
» For the first time, China is facing a dreaded prospect: the inverted bond yield curve. The phenomenon, in which long-term interest rates sink below short-term interest rates, has caused some consternation among market-watchers, who know it's traditionally a harbinger of recession. The inversion suggests markets expect interest rates to fall eventually as monetary authorities move to stimulate economic activity.
China stems outflows, but what's next?
News, Christopher Balding, Published on 12/04/2017
» Is China finally making headway in its battle against currency outflows? On the surface, yes: People's Bank of China foreign exchange reserves are effectively unchanged since December at US$3 trillion, and data for February released by the State Administration of Foreign Exchange showed a significant narrowing of net outflows of capital based on international bank settlements and sales.
Beware of China's wealth-management reforms
News, Christopher Balding, Published on 07/03/2017
» A major factor behind the soaring growth of risky wealth-management products in China is that investors typically think the government stands behind them. Lately, nervous regulators have been emphasising that this isn't so. But they'll have to do a lot more to change expectations in a state-dominated economy.
Guidance on risk in China in 2017
News, Christopher Balding, Published on 30/12/2016
» Each December, China's leaders meet to lay out their economic agenda for the next year. And each December, China-watchers pore over their every word, much like Kremlinologists during the Cold War. It bears remembering that these pronouncements are rarely predictive, and that the best sources of insight on China's economy are usually found elsewhere. Here are a few key points to keep in mind next year.