It’s a complicated issue but China is trying to reign in the real estate market with taxes but don’t rule out unintended consequences. China will release February property price data on the weekend with signs of strain in the market.
Hope China will take advantage of 60 day window to resolve dispute without WTO litigation Obama determined to make China play by the rules Trade disputes rarely have major market impact, but when the world’s banker is involved, all bets … Continue reading
The PBOC set the USD/CNY mid-point at 6.3282, sharply higher than Fridays fix at 6.3073, in what seems to be a strong indication that the trading band will be widened from its current 1%. This has impacted on currencies such … Continue reading
For those who missed it over the weekend, here again is the Reuters report on the big plunge in the Chinese trade balance. At first glance this would seem to be AUD bearish but the big rise in China’s imports … Continue reading