Why Is China Destroying Liquidity?
No evidence of major monetary easing by China PBoC (People’s Bank) actually withdrawing cash from money markets Broader liquidity measures show...
736 Views
Precipitous Deceleration Implies 2019 Is a Year of Stress, Despite Help from US$ Weakness
China has won the trade war so far, with China's exports to the US rising 11.3% YoY in 2018, while its imports from the US rose just 0.7% YoY. For...
660 Views
China Economics: The Bubble that Bursts the Demand
China’s 4Q GDP grew just 6.4% in Q4, 2018, the lowest since the Global Financial Crisis (GFC). We do not believe the number matched the market...
528 Views
China Economics: The Consumption Story
We examine the factors that contribute to consumption trend in China. This quantitative study finds that disposable income plays a significant role...
631 Views
Getting to a New Cold War-I: Trade Tension and the Continuing Challenge of Capital Flight
We do not view US Vice President Pence's 4th October speech as heralding the start of a new Cold War, as its adversarial content about China's...
574 Views