Shares 109 Views

China: Moderate slowdown expected during 2017 – Danske Bank

According to analysts from Danske Bank, Chinese leading indicators, signal a peak in the cycle. They expect a moderate slowdown during 2017.

Key Quotes: 

“Chinese leading indicators have pointed to a peak in the cycle for some time. The recent round of PMIs suggests the peak is taking place in Q1.”

“We look for a moderate slowdown during 2017 as the leading indicators support: 1. Slowing housing market; 2. Fading boost from infrastructure.”

“Exports serve as a buffer as they are underpinned by a) stronger global growth and b) a weaker CNY. The main risk is a hit to exports if there is a trade war with the US.”

“Monetary policy has been tightened moderately but we do not expect a lot of tightening this year as the cycle fades and inflation is still low.”

“Three years of monetary policy easing is over – policy is tightening now to stop bubbles and leverage. This is reinforced by tighter rules for home buyers in many cities in H2 16”.

“Financial implications of moderate slowdown: Less support for EM assets and global risk appetite, fears of a hard landing may resurface – and outflows pick up, continued downward pressure on the CNY and support to commodity prices to fade.”
 

You may be interested

Allianz
shares19 views

Insurance Giant Allianz Is Testing a Token to Move Money Internally

Brian Evans - Apr 19, 2018

Allianz is testing a blockchain token to move money between its global affiliates.

Crypto
shares32 views

SEC Subpoenas Riot Blockchain Over Cryptocurrency Plans

Brian Evans - Apr 19, 2018

Various worrisome trends involving blockchain technology exist as of right now. One of the more popular solutions for struggling firms is to announce blockchain or cryptocurrency plans.…

Altcoin News
shares21 views

Social Snafu: Twitter Verifies a Scam Verge Cryptocurrency Account

Brian Evans - Apr 19, 2018

The official Verge account, meanwhile, has yet to get its blue badge. A fraudulent Twitter account is making the rounds in the cryptocurrency market, with anonymous cryptocurrency Verge…

Most from this category

%d bloggers like this: