Monthly Archives: June 2016

China May FAI figures disapponted

Overnight China reports disappointing fixed asset investment (FAI) figures.  Nominal FAI declined to 7.5% YoY in May from 10.1% YoY in April.  The leading indicator, FAI project new starts growth, also decelerated to 19.1% YoY in May from 35.5% YoY in April.  I would interpret the slowing is mainly due to the CCP realized the… Read More »

China holds up edge in global export market

I don’t buy in the argument that China depreciates its currency to lift its “slowing” export and GDP growth.   True, China faces significant export challenges as the competitors depreciate their currencies as if there’s no limit, and China also has its own problems such as high single digit wage growth.  However, China has held up… Read More »

The blind faith in China stock market

Today is the Children’s Day (June 1st) in China.  Yesterday, a shopping mall displayed couple dolls in the front gate to attract the kids, but the management team there would not expect it will create a drama which floods China’s investors community.   Why?  Because these dolls include two bears, and more importantly, those bears… Read More »