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Top related persons:
Jian Chang - 2 Yuan - 1 Mao Tse - 1 Peter Dazeley - 1 Wei Yao - 1 Yao - 1 50bp - 1 Goldman Sachs - 1
Top related locs:
China Societe Generale's Asia SHANGHAI CHINA Shanghai Asia
Top related orgs:
Getty - 2 Barclays - 2 Bank - 1 Societe Generale's - 1 CNBC - 1 Economic Work Conference - 1 China Communist - 1 PMI - 1

Search resuls for: "Jian Chang"


3 mentions found


☆ China's policy support is a 'stop-gap' measure — not stimulus, SocGen economist says
  + stars: | 2023-12-05 | by ( Clement Tan | ) www.cnbc.com   time to read: +4 min
Close up of Chinese Yuan notes, with Mao Tse-tung Peter Dazeley | The Image Bank | Getty ImagesChina's recent policy support is aimed at fixing its system and shouldn't be seen as economic stimulus, according to Societe Generale's Asia chief economist and head of research. PMI divergenceExpansion in China's services sector climbed to its strongest since August, a private survey on Tuesday showed. However, the private survey diverged from China's official PMI. The moderating manufacturing PMI and contracting services PMI, along with other November data point to the fragility of the Chinese economy and a faster deceleration of growth momentum last month, they added. The official PMI includes more companies engaged in heavy industries compared with the Caixin PMI, which covers more consumer-focused firms, Barclays economists said.
Persons: Yuan, Mao Tse, Peter Dazeley, Wei Yao, Yao, Jian Chang Organizations: Bank, Getty, Societe Generale's, CNBC, Economic Work Conference, China Communist, PMI, National Bureau of Statistics, NBS, Barclays Locations: Societe Generale's Asia, China
☆ China opens a new era of 'proactive easing' as the economic recovery turns sour
  + stars: | 2023-06-14 | by ( Jihye Lee | ) www.cnbc.com   time to read: +3 min
SHANGHAI, CHINA - NOVEMBER 04, 2022: Buildings at Lujiazui Financial District are illuminated to celebrate the opening ceremony of the 5th China International Import Expo (CIIE) on November 4, 2022 in Shanghai, China. Vcg | Visual China Group | Getty ImagesStock Chart Icon Stock chart iconPointing to soft economic figures from China, including credit data, Citi economists said "stimulus seems to be underway with the weak readings." Barclays economists, writing in a Tuesday note titled "Entering a rate cut cycle," predict China will deliver a cut for every quarter until early 2024. China's central bank controls the benchmark one-year lending and deposit rates, which affect the borrowing costs for banks, businesses and individuals across the country. Mizuho Bank's Head of Economics and Strategy for Asia Vishnu Varathan argued that the latest actions from China's central bank "does not cut it."
Persons: 50bp, Jian Chang, Goldman Sachs, Hui Shan, Asia Vishnu Varathan Organizations: Lujiazui Financial, 5th China, Visual China, Getty, Citi, Barclays, Bank's, Economics Locations: SHANGHAI, CHINA, Shanghai, China, Asia
☆ Barclays cuts China GDP outlook after forecasting U.S., Europe recession
  + stars: | 2022-11-04 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +1 min
China's export growth has slowed in recent months after surging during the height of the pandemic globally. BEIJING — Barclays cut its forecast for China's economic growth next year to 3.8%, based partly on expectations of a drop in global demand for Chinese goods. As a result, they now expect China's exports to drop by 2% to 5% in 2023, versus previous expectations for 1% growth, the report said. "China's share of global exports has been shrinking this year," the analysts said. China's exports surged by 29.8% last year in U.S. dollar terms, following a 3.6% increase in 2020, according to the customs agency.
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