Global issues have not stopped Beijing further tightening monetary policy through another bank reserve increase.
Japanese impact aside, China’s monetary policy is now focused firmly on controlling inflation. And the big culprit is oil. Is there any relief in sight?
DBS remains positive on Asian equity markets but sees potential problems ahead in the next three months. The Australian market is a proxy.
Beijing is taking further steps towards bringing its financial framework in line with IMF standards – a move that should lead to accelerated currency appreciation, CBA suggests. But also potentially faster tightening.
MineLife’s Gavin Wendt reports China is watching global turmoil closely.
ANZ compares the numbers over the last decade to show just how rapidly Australia’s trading ties with India are growing in significance.
Growth in China’s manufacturing sector eased again in January according to Beijing reflecting local rate rises while Australia’s sector remains in the doldrums.
This column titled “A good example of dealing with macro problems using micro tools” was published by VoxEU under the title “China’s price problems are a monetary problem”.
Investors should not doubt: China is firmly in tightening mode, argues GaveKal. More restrictive actions are in the pipeline.
China’s October CPI jump was the stand-out number amongst an otherwise relatively benign set of monthly data.