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golden week

Your Semi-Annual Golden Week Reminder

By |2018-09-25T11:56:06-04:00September 25th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It’s that time of year. September, the leaves start to turn and the air grows crisp. Autumn smells arrive; the Chinese prepare for their nationalist Golden Week. Ever since 2014 and the dollar’s rise, that is, eurodollar tightening especially in Asia, these holiday bottlenecks are never boring. To be shut down for an entire week in early October, the banking [...]

China Exports: Trump Tariffs, Booming Growth, or Tainted Trade?

By |2018-03-09T15:26:29-05:00March 9th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

China’s General Administration of Customs reported that Chinese exports to all other countries were in February 2018 an incredible 44.5% more than they were in February 2017. Such a massive growth rate coming now has served to intensify the economic boom narrative. A strengthening U.S. recovery is helping underpin China’s outlook as Asia’s biggest economy seeks to cut excess capacity [...]

CNY, Not Imports

By |2018-02-08T16:25:26-05:00February 8th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In February 2013, the Chinese Golden Week fell late in the calendar. The year before, 2012, New Year was January 23rd, meaning that the entire Spring festival holiday was taken with the month of January. The following year, China’s New Year was placed on February 10, with the Golden Week taking up the entire middle month of February. For economic [...]

No China Trade Interpretations

By |2017-02-10T12:50:37-05:00February 10th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The National Bureau of Statistics (NBS) of China does not publish any of the big three data series (Industrial Production, Retail Sales, Fixed Asset Investment) for the month of January. It combines January data with February data because of the large distortions caused by Lunar New Year holidays. Unlike Western holidays that are but a single day, the Golden Week [...]

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