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Top related persons:
Erin Xin - 2 Goldman Sachs - 1 Robert Carnell - 1 ” - 1 HSI - 1 Brent - 1 Ankur Banerjee - 1 Shri Navaratnam - 1
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China Hong Kong SINGAPORE Asia Pacific Japan Shanghai Greater
Top related orgs:
Hong Kong CNN — - 1 National Bureau of Statistics - 1 Economics - 1 Asia Pacific - 1 ING - 1 ” HSBC - 1 Federal Reserve - 1 Japan's Nikkei - 1

Search resuls for: "Erin Xin"


5 mentions found


☆ China slips back into deflation in October after pork prices plunged
  + stars: | 2023-11-09 | by ( Manav Tanneeru | Michelle Toh | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —Consumer prices in China fell more than expected last month, sliding the country back into deflation and renewing concerns about the strength of the world’s second largest economy. As China’s most consumed meat, pork has an outsized weighting in the consumer price index. He said deflation was a “pernicious” situation characterized by a decline in consumer prices as well as the prices of assets and wages, leading to a sharp slowdown in economic activity. But consumer prices recovered in August. This drop “reflects uncertainty around the solidity of China’s recovery,” HSBC Greater China economist Erin Xin noted in a report.
Persons: Goldman Sachs, Robert Carnell, ”, Erin Xin Organizations: Hong Kong CNN —, National Bureau of Statistics, Economics, Asia Pacific, ING, ” HSBC Locations: China, Hong Kong
☆ Asia shares rally after China pledges economic support steps
  + stars: | 2023-07-25 | by ( Ankur Banerjee | ) www.reuters.com   time to read: +3 min
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 1.2% higher and on course to snap a six-day losing streak. China's property market remains a cause for concern among investors, with stocks and bonds in China's real estate industry sliding to around eight-month lows on Monday amid fears of a cash crunch at two of the country's biggest developers. China will adjust and optimise property policies in a timely manner, in response to "significant changes" in the supply and demand relationship in the property market, state news agency Xinhua said late on Monday. "We believe policymakers may remain cautious about financial risks, though they may provide further policy support to help stabilize the sector." The slowdown may be viewed positively at the Fed, which is keen to see activity cool to lower inflation.
Persons: HSI, Erin Xin, Brent, Ankur Banerjee, Shri Navaratnam Organizations: Federal Reserve, Japan's Nikkei, Hong, Saxo Markets, Xinhua, Greater China, HSBC, European Central Bank, Thomson Locations: SINGAPORE, Hong Kong, Asia, Pacific, Japan, Shanghai, China, Greater, United States
☆ JPMorgan, Citi raise full-year forecasts for China's economy
  + stars: | 2023-04-19 | by ( Jihye Lee | ) www.cnbc.com   time to read: +4 min
Steven Han | Moment | Getty ImagesAnalysts at JPMorgan and Citi raised their full-year forecasts for China's economy after it delivered an impressive first-quarter gross domestic product growth of 4.5% on Tuesday. Citi economists noted that while services outperformed in the consumption-driven growth for the first quarter, they remain cautious on their forecasts. "The release of pent-up demand during Covid and holiday helped, but we remain cautious on its outlook without big stimulus in sight and the discounts intensifying," Citi economists wrote. With economy stabilization playing out, structural reform could be the next theme to watch," Citi economists wrote. "Risks facing our full-year GDP forecast of 5.7%Y is now skewed to the upside given a strong entry," Morgan Stanley economists led by Zhipeng Cai wrote.
☆ China c.bank rolls over policy loans for liquidity, keeps rate unchanged
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +3 min
SHANGHAI, Oct 17 (Reuters) - China's central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a second month on Monday, largely in line with market expectations. The People's Bank of China (PBOC) said it was keeping the rate on 500 billion yuan ($69.55 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.75% from the previous operation. Previously, the PBOC drained a net 200 billion yuan each in August and September. In a poll of 27 market watchers conducted last week, all respondents forecast no change to the MLF rate, with the vast majority of them expecting a partial rollover. The MLF rate serves as a guide to the loan prime rate (LPR), which is scheduled for release on Thursday.
☆ China c.bank rolls over policy loans to maintain liquidity, keeps rate unchanged
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +3 min
The People's Bank of China (PBOC) kept the rate on 500 billion yuan ($69.6 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions at 2.75%, unchanged from the previous operation. Monday's liquidity injection was to "keep banking system liquidity reasonably ample" and to "fully meet financial institutional demand," the PBOC said in an online statement. In a poll of 27 market watchers conducted last week, all respondents forecast no change to the MLF rate, with the vast majority of them expecting a partial rollover. Widening policy divergence could risk yuan depreciation and capital outflows, despite inflationary pressure in China remaining largely benign by global standards. The MLF rate serves as a guide to the loan prime rate (LPR), which is scheduled for release on Thursday.
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