According to China’s December trade data, exports declined 9.9% year-on-year, meeting expectations. Imports declined 7.5% y/y (vs. -9.8% expected). The Federal Reserve is “almost done raising rates”, and investors must consider the possibility of higher rates for a longer period. To maintain control, China is taking small stakes in tech.
China’s USD terms trade declined 9.9% in 2017 (down 10.0%). The 2018 forecast for imports and exports is 7.5% and 9.8% lower, respectively, than 2017. As well as being a low-quality country, China is unique in that it has a large trade surplus with the US. The forex surplus increased.
China is taking small stakes in tech firms in an effort to have tighter control over them, according to the Financial Times. On Friday, Reuters offered a brief recap of the story, which focused on its aspects. In recent years, Beijing has invested in non-public online media companies—typically about 1%.
More from Xinhua on the roll-out of further property sector support measures: The Chinese authorities intend to boost developers’ balance sheets via loans and bond issuances. The government’s plan is to improve developers’ balance sheets by improving quality firms with big size and systemic significance. Financial institutions will be encouraged.
Xinhua with the news: China to issue further policies to support housing rental market including a 100bn yuan housing rental loan plan – China has been rolling out support measures directed at the property sector. There are more. This article was written by Eamonn Sheridan at www.forexlive.com.
The background to this is that Chinese authorities are reviewing the Australian coal ban, which has been in place since 2020 Chinese coal imports are once again permitted, Chinese media reported. The Global Times reported that Chinese companies have placed a large order for Australian coal. From the Wall Street.
Catching up on this from overnight. LKAB is a Swedish iron ore miner. Its announced its found Europe’s largest deposit of rare earth elements. “This is the largest known deposit of rare earth elements in our part of the world, and it could become a significant building block for producing.
China’s COVID exports sank in December due to an explosion of COVID cases and sluggish global demand, say forecasters. Ports were likely to have been congested due to worker absenteeism, causing import delays. Japanese trade data is listed at 0300 GMT. The numbers might fall at any time between now.
I believe the BOJ has a much bigger impact on today’s trading than CPI. I think the BOJ has a much bigger impact on today’s trading than CPI. The fresh hints overnight that the BOJ will end yield curve control next week ignited a surge in the yen. Japanese debt.
US consumer price inflation figures are in the spotlight today The Japanese yen is still the most influential currency today The USD/JPY pair is trading lower due to apprehensions about the Bank of Japan According to a survey, China’s GDP growth is forecasted to rebound to 4.9% in the upcoming.
An image featuring a logo consisting of white lettering is displayed, with the words “FL” written in the center. A prediction for 2022 GDP growth has been lowered to 2.8%, a decrease from the 3.2% estimated in October The fourth quarter of 2022 is expected to show an annual GDP.
In the near term, China faces significant challenges in reviving its growth through private consumption. On Thursday, US President Biden will be making a speech following the US inflation report. Goldman Sachs no longer anticipates a recession in the Eurozone in 2023. China’s state planner stated that they would be.