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Top related persons:
Pang Ming - 1
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NINGBO China Communist Party of China
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Communist Party of - 1 National Party Congress - 1

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8 mentions found


☆ China sets mid-July for highly anticipated ‘Third Plenum’ meeting to discuss 'deepening reform'
  + stars: | 2024-06-27 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
NINGBO, China — China's top leaders will gather from July 15 to 18 for a highly anticipated meeting known as the Third Plenum, state media said Thursday. He said his analysis of an annual government meeting in December found the readout had twice as many mentions of policy implementation than the prior year, highlighting its importance. The Communist Party of China selected a new group of leaders in October 2022 at its 20th National Party Congress. Its third plenary session will run from July 15 to July 18, state media said. The plenum will discuss "further comprehensively deepening reform and advancing Chinese modernization," English-language state media said.
Persons: Pang Ming Organizations: Communist Party of, National Party Congress Locations: NINGBO, China, Communist Party of China
☆ The first quarter could determine how good or bad the new year will be
  + stars: | 2023-01-01 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +9 min
The first quarter of the third year of a presidential term is consistently the best quarter for S & P 500 performance, according to CFRA data. "If everyone says the first half is going to be bad and the second half is going to be good, it could be the opposite. "The timing of the economic rebound probably starts in the second quarter so the market can look forward to it," he said. "Right now it's estimated to be down 3% year-on-year … We are looking at an earnings recession which is typically coincident with an economic recession." The second quarter is expected to be down 2.3%.
☆ 2023 could end up a better year for markets, but it likely won't start off that way
  + stars: | 2022-12-31 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +12 min
As a very painful market year exits, Wall Street's strategists expect 2023 will end on a much better note —even if the path there continues to be highly volatile. I think the Fed will likely be overtightening the economy into this recession." So rates could rise before heading lower in the second half, and that environment will be better for stocks. Rieder said 2023 is going to a banner year for fixed income, and "not so much because it's going to be rates rallying so much," he said. "I think rates still have some upside," said Rieder.
☆ This Chinese electric carmaker's stock could rally by more than 260%, Citi says
  + stars: | 2022-11-01 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
Citi says BYD is one of its "top" buy ideas among Chinese stocks and expects shares in the automaker to soar by more than 260% over the next 12 months. Jeff Chung, an equity analyst at Citi, reiterated his buy rating and price target on the stock after the company announced earnings on Oct. 28. Chung's price target for BYD is significantly higher than other analysts'. The median price target from six analysts covering the stock gives the stock a potential upside of 60.8%, according to FactSet data. Citi analysts recommended investors in China adopt a "barbell strategy" — a mix of conservative stocks to protect against downside risks and "high-conviction growth stocks" — in their base case scenario.
☆ Covid cases, controls spread in China
  + stars: | 2022-10-28 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +2 min
Covid cases and controls have increased in China this month. Future Publishing | Future Publishing | Getty ImagesBEIJING — Covid controls in China have tightened in the last two weeks after more cities reported virus outbreaks. watch nowFor Thursday, mainland China reported 214 Covid cases with symptoms and 1,123 without. watch nowHowever, many of the recent case clusters and ensuing Covid controls have occurred in less economically prominent parts of the country, such as areas within Qinghai and Xinjiang in the northwest. The Nomura analysts said they expect China's stringent Covid controls will remain at least until March, "when the political reshuffle will be fully completed and the new leaders fully take over the cabinet."
☆ Ahern: Investors have been sidelined in China, we need catalysts
  + stars: | 2022-10-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAhern: Investors have been sidelined in China, we need catalystsKraneShares CIO Brendan Ahern discusses the sharp sell-off in Chinese stocks listed in Hong Kong and the U.S. following the conclusion of the National Party Congress, as Xi Jinping cements his power.
☆ Chinese stocks tumble to multi-year lows in New York and Hong Kong amid party congress
  + stars: | 2022-10-20 | by ( Laura He | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN Business —Chinese stocks have hit multi-year lows in New York and Hong Kong amid growing concerns about China’s rising Covid cases and economic outlook. In Hong Kong, the benchmark Hang Seng (HSI) Index tumbled as much as 3% in Thursday’s morning trade. The fall comes just a day after the city’s leader, Chief Executive John Lee, promised to invest billions of dollars to bring global talent and businesses back to Hong Kong. The heavy decline followed a sharp sell-off in Chinese stocks listed on Wall Street overnight. “China’s National Party Congress failed to drive a positive catalyst, ” said Yeap Jun Rong, a market strategist for IG Group, on Thursday.
☆ Qazi: China's economy is at one of its weakest points in recent memory
  + stars: | 2022-10-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQazi: China's economy is at one of its weakest points in recent memoryShehzad Qazi of the China Beige Book discusses the state of China's economy and whether there may be any easing of the government's Zero COVID policy announced during the National Party Congress, where Xi Jinping is set to cement a third term as leader.
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