state-owned fai

Anchoring Globally Synchronized Growth, Or We Gave Up Long Ago?

By |2018-05-15T16:58:22+00:00May 15th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

January was the last month in which China’s National Bureau of Statistics (NBS) specifically mentioned Fixed Asset Investment (FAI) of state holding enterprises (or SOE’s). For the month of December 2017, the NBS reported accumulated growth (meaning for all of 2017) in this channel of 10.1%. Through FAI of SOE’s, Chinese authorities in early 2016 [...]

Nothing Has Changed In China

By |2016-12-13T16:56:29+00:00December 13th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Chinese industrial production, retail sales, and fixed asset investment were all taken as better or improving. Industrial production, for example, was 6.2% in November 2016, up from 6.1% in both September and October. Retail sales grew 10.8%, the best rate since December 2015. Fixed asset investment grew by an accumulated rate of 8.3% for the [...]