Latest Twitter Threads by @Sino_Market on Thread Reader App

Sep 15 • 5 tweets • 5 min read

⚡#China Economic data:
1️⃣Aug retail sales 3.4% y/y [Est.3.9%]
2️⃣Aug industrial growth 5.2% y/y [Est.5.7%]
3️⃣Jan-Aug fixed asset investment 0.5% y/y [Est.1.6%]
Aug Unemployment 5.3% [Prev. 5.2%]

1/ Thread #EconTwitter 🇨🇳 mktnews.com/calendar.html?…

🇨🇳In August, #China's total retail sales were recorded at 3.967 trillion yuan, up 3.4% y/y.
🟦Retail sales of goods were 3.52 trillion yuan, which rose by 3.6%y/y.
🟨Total revenue for the catering industry was 449 billion yuan, which rose 2.1% y/y.
*Online goods sales jumped by 9.6% y/y to 9.98 trillion yuan, supported by nationwide subsidies.
2/n #RetailSales #EconTwitter #ChinaChart

Aug 31 • 4 tweets • 3 min read

#China August official #PMI
Manufacturing PMI 49.4 [Est.49.5, Prev.49.3]
Non-Manufacturing PMI 50.3[Est. 50.3, Prev.50.1]
Composite PMI 50.5[Prev.50.2]
#manufacturing #EconTwitter 🇨🇳

Thread 1/n
The economic calendar is here
mktnews.com/calendar.html?…

🇨🇳NBS #PMI breakdown:
🔸Manufacturing production edged up in August. The production index rose by 0.3 percentage points to 50.5%.

🔸Key raw material prices rose by 2.2 pps to 53.3, the highest since October 2024.

🔸The new order index is 49.5%, up by 0.1 pps from the previous month.

🔸Looking at external demand, the new export order index is 47.2%, up by 0.1 pps.

Oct 8, 2024 • 5 tweets • 2 min read

🇨🇳#CN_Update Thread for NDRC
NDRC: Consumption in the market was robust during the just-concluded National Day holiday, full of confidence in achieving the target tasks of economic and social development for the whole year.
#China

https://twitter.com/Sino_Market/status/1843472202496409938

🇨🇳NDRC: China's financial sector has recently stepped up its efforts to launch a package of incremental policies to promote a sustained economic upturn for the better.
#CN_Note
No latest policy measures have been proposed by the NDRC yet.

Jul 19, 2024 • 6 tweets • 2 min read

🔴CPC press conference begins.

https://twitter.com/Sino_Market/status/1813915734986420727

The "Decision on Comprehensively Deepening Reform and Advancing Chinese-style Modernization" proposes more than 300 major reform measures, all of which pertain to aspects of systems, mechanisms, and institutions.
🇨🇳#China #CPC

Jun 17, 2024 • 4 tweets • 4 min read

⚡#China May economic data:
Retail Sales 3.7% y/y [Est.3.0%, Prev.2.3%]🔼
Industrial Growth 5.6% y/y [Est.6.0%, Prev.6.7%]🔽
Urban Unemployment 5.0% [Prev. 5.0%]
YTD Fixed Asset Investment 4.0% [Est.4.2%, Prev. 4.2%]🔽
🇨🇳#EconTwitter 1/ Thread

1⃣ #China's Jan-May industry output +5.6% y/y or +0.3% m/m.
2⃣ #Crudeoil refinery -1.8% to 60.52 million tons.
Power generation +2.3% to 0.72 TWh. #OOTT
3⃣ #Automobile production +1.3% to 2.35 mln units, NEVs +33.6% to 0.92 mln units.
4⃣ #Steel production +3.4% to 1.23 trillion.

Mar 9, 2024 • 4 tweets • 3 min read

⚡JUST IN:
China February
Annual CPI 0.7% [Est. 0.4% Prev. -0.8%]
Monthly CPI 1.0% [Est. 0.4% Prev. 0.3%]
Annual PPI -2.7% [Est. -2.5% Prev. -2.5%]
Monthly PPI -0.2% [Prev. -0.2%]
*The first rise in consumer prices since August.
#CPI #China #deflation #PPI #EconTwitter 🇨🇳
1/ thread

CHINA CPI BREAKDOWN:
🔸February annual CPI rebounded sharply, the most since Sep. 2009.
🔸The core CPI rose by 1.2% y/y, vs 0.4% y/y in January, marking the highest increase since February 2022.
🔸Food prices dropped by 0.9% y/y, narrowed by 5 percentage points, due to Chinese New Year effects.
🔸Pork roses by 0.2% y/y, for the first time in 9 months.
🔸Vegetables and aquatic products have risen by 2.9%, and 4.1% from the decline in January.
#PPI #Industry #China #EconTwitter #OOTT #deflation 🇨🇳

Mar 7, 2024 • 5 tweets • 1 min read

⚡ China's Jan-Feb trade balance at 890.86 billion yuan:
#Exports +10.3% y/y, Prev. +3.8%
#Imports +6.7% y/y, Prev. +1.6%v
Trade balance at $125.16 bln in USD term
#Exports +7.1% y/y, Est. +1.9%
#Imports +3.5% y/y, Est. +1.5%
1/n #trade #economy 🇨🇳🇺🇸 ⚡China exported and imported 6.61 trillion yuan(+8.7% y/y) of goods in yuan term or $930.86 bln(+5.5% y/y) in USD term in January and February.
2/n #China #trade #import #export #economy 🇨🇳🇺🇸

Dec 15, 2023 • 10 tweets • 7 min read

🧵10 Key Prediction For Chinese Economy in 2024 by Yuekai Securities #China
1) 2024 GDP growth to be set at around 5%.
Based on the average growth rates calculated from the base year of 2019, the two-year average growth rate for 2021 and 2022 is 5.3%, while the three-year average growth rate is 4.5%. It is projected that the four-year average growth rate for 2023 will be 4.7%. As long as the five-year average growth rate for 2024 sees a slight increase to 4.8%, the year-on-year growth rate for 2024 is expected to reach 5%. Of course, the recovery of the average growth rate relies not only on the inherent economic momentum but also on the support of growth-stabilizing policies.

2) The gap between social retail consumption in 2024 and the level of potential trend is expected to narrow once again. There are several factors contributing to this:
1. Accelerated nominal economic growth, which drives an increase in household income.
2. Continued recovery in the average consumer inclination, leading to improved income elasticity of consumption.
3. Ongoing relaxation of supply constraints in offline service industries, providing consumers with more consumption scenarios.
4. Support and stimulation of durable goods consumption through policies such as housing delivery and consumption promotion.
These factors combined are anticipated to contribute to the narrowing of the gap between social retail consumption in 2024 and the potential trend level.
#China #Consumption
Graph: There is currently a significant gap between social retail consumption and the pre-pandemic trend level.

Oct 20, 2023 • 8 tweets • 4 min read

🧵Top 10 news about #China this week
About 50 Chinese state-owned companies are trying to bolster investor confidence by rolling out share buybacks or plans by big stockholders to expand their holdings after a series of other measures to prop up the stock market fell short. 1/10

China's benchmark Shanghai Composite Index fell below the 3,000 threshold on Friday, hitting a new year-to-date low, as foreign investors’ outflow from the A-share market has entered an unprecedented stage.
🧵2/10

https://x.com/Sino_Market/status/1715179900116808107

Oct 19, 2023 • 6 tweets • 4 min read

China's benchmark $SHCOMP is now few steps away from the psychological barrier of 3,000, last seen in Nov 2022.

The authorities have implemented at least 18 measures to support the stock market since August. Here's a quick recap.
1️⃣Stamp duty halved.
1/n

https://x.com/Sino_Market/status/1695727489669095806

2️⃣Securities Handling Fee cuts by three major exchanges.

3️⃣Regulation on reducing shareholdings by controlling holders intensified.
4️⃣Aggregate financing expanded in Aug and Sept.

2/n

https://x.com/Sino_Market/status/1692464337443856490

https://x.com/Sino_Market/status/1712742251645059303

Aug 31, 2023 • 5 tweets • 2 min read

⚡JUST IN
#China August official #PMI
Manufacturing PMI 49.7 [Est.49.4 Prev.49.3]
Non-Manufacturing PMI 51.0 [Est.51.2 Prev.51.5]
Composite PMI 51.3 [Prev.51.1]
1/ #manufacturing #EconTwitter 🇨🇳

NBS:
🔸Improvements in manufacturing activity in #China continued in August.
🔸New Order Index at 50.2%, up 0.7pps from June, back to the expansion zone as stable production and market demand improved.
2/ #manufacturing

Jun 30, 2023 • 8 tweets • 2 min read

⚡JUST IN
#China June official #PMI
Manufacturing PMI 49.0 [Est.49.0 Prev.48.8]
Non-Manufacturing PMI 53.2 [Est.53.5 Prev.54.5]
Composite PMI 52.3 [Prev.52.9]
#manufacturing #EconTwitter 🇨🇳 1/

NBS:
🔸Manufacturing activity in #China showed some improvement in June.
🔸12 industries out of 21 showed expansionary PMI, 4 more than in May.
2/ #manufacturing

Apr 30, 2023 • 5 tweets • 3 min read

⚡JUST IN
#China April official #PMI
Manufacturing PMI 49.2 [Est.51.4 Prev.51.9]
Non-Manufacturing PMI 56.4 [Est.57 Prev.58.2]
Composite PMI 54.4 [Prev.57]
#manufacturing #EconTwitter 🇨🇳 1/

NBS: The PMI for China's manufacturing sector decreased by 2.7 PPs m/m, falling into the contraction zone after running above 50% for three consecutive months.
However, the financial situation of enterprises has improved, and enterprises are relatively optimistic about future.
2/

Apr 28, 2023 • 5 tweets • 2 min read

⚡ CPC held an economy-focused politburo meeting today, stressing new obstacles in economic transformation while demand is still not sufficient.
Boosting demand is key to economic improvement.
#China Key takeaways from the CPC's politburo meeting:
🔸The triple pressures of shrinking have been alleviated, and econ growth beat expectations.
🔸To deepen reform and opening up, combining the effectiveness of policies with the stimulation of vitality among market entities.
2/n

Apr 27, 2023 • 4 tweets • 3 min read

GERMANY IN TALKS TO LIMIT THE EXPORT OF CHIP CHEMICALS TO CHINA: BBG The move could affect German companies including Merck, BASF. Chancellor Scholz has been striking a harder line on China.
#Germany #China #chips

Mar 19, 2023 • 4 tweets • 1 min read

US FED SAYS FED AND CENTRAL BANKS OF ENGLAND, CANADA, JAPAN, ECB AND SWITZERLAND ANNOUNCE COORDINATED ACTION TO ENHANCE THE PROVISION OF LIQUIDITY VIA THE STANDING U.S. DOLLAR LIQUIDITY SWAP LINES. US FED SAYS FED AND CENTRAL BANKS OF ENGLAND, CANADA, JAPAN, ECB AND SWITZERLAND ANNOUNCE COORDINATED ACTION TO ENHANCE THE PROVISION OF LIQUIDITY VIA THE STANDING U.S. DOLLAR LIQUIDITY SWAP LINES.

Mar 19, 2023 • 4 tweets • 3 min read

SWISS FINMA APPROVES MERGER OF UBS, CREDIT SUISSE.
#CreditSuisse #UBS #BankingCrisis FINMA: GOV'T SUPPORT WILL TRIGGER A COMPLETE WRITE-DOWN OF THE NOMINAL VALUE OF ALL AT1 SHARES OF CREDIT SUISSE IN THE AMOUNT OF AROUND CHF 16 BILLION. ON THIS BASIS, IT WILL BE POSSIBLE TO CONTINUE ALL THE BUSINESS ACTIVITIES OF BOTH BANKS WITH NO RESTRICTIONS OR INTERRUPTIONS.

Mar 19, 2023 • 4 tweets • 3 min read

SNB: UBS TODAY ANNOUNCED THE TAKEOVER OF CREDIT SUISSE. BOTH BANKS HAVE UNRESTRICTED ACCESS TO THE SNB’S EXISTING FACILITIES.
#CreditSuisse #UBS #BankingCrisis SNB: THIS TAKEOVER WAS MADE POSSIBLE WITH THE SUPPORT OF THE SWISS FEDERAL GOVERNMENT, THE SWISS FINANCIAL MARKET SUPERVISORY AUTHORITY FINMA AND THE SWISS NATIONAL BANK.
#CreditSuisse #UBS #BankingCrisis

Mar 17, 2023 • 4 tweets • 3 min read

⚡China mulls efforts to maintain supply and price of iron ore: NDRC
#China #IronOre ⚡#China state planner says has carried out field research to conduct in-depth research on #IronOre supply and price stability.

Mar 17, 2023 • 6 tweets • 2 min read

JUST IN:
#CHINA CENTRAL BANK TO CUT RRR BY 25 BPS FROM MARCH 27.
$CNH $CNY #CHINA CENTRAL BANK PBOC REITERATES PRUDENT, FORCEFUL MONETARY POLICY.
$CNH $CNY

Mar 5, 2023 • 4 tweets • 2 min read

🇨🇳Key takeaways of 2023 #China Government Work Report:
🔸GDP growth target at around 5%
🔸CPI growth target at about 3% unchanged
🔸Budget deficit at 3% of GDP vs 2.8% 2022
🔸Add 12 million urban jobs in 2023 vs 11 mln 2022.
🔸Plans 3.8 tln yuan special gov bond sales vs 3.65
1/n 🇨🇳Key takeaways of 2023 #China Government Work Report:
🔸Focus on expanding domestic demand, consumption
🔸More proactive fiscal policy
🔸Money supply growth to match nomical GDP growth
🔸Keep yuan exchange basically stableshore
🔸Shore up B/S of property companies
2/n

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