China

China Clears Way for Top Xi Aide to Lead New Risk Watchdog – Bloomberg – 09/11/2017

China appointed 71-year-old vice premier Ma Kai to lead a top-level committee on financial overnight, a sign the job may soon pass to the recently-promoted Liu He, a key economic adviser to the president.

Source:  Bloomberg, 2017/11/09

China To Face Clean Energy Subsidy Problems Without Change Of Policy, Government Official Says – Clean Technica – 19/10/2017

There will be increasing problems in the coming years with regard to China meeting its clean energy subsidy obligations, unless changes are made to the country’s fixed power price policies, a government official revealed recently.

Source:  Clean Technica, 2017/10/19

China Faces Growing Debt Problems, Says Central Bank Governor – Global Research – 24/10/2017

A warning by the governor of the People’s Bank of China, Zhou Xiaochuan, that the country’s financial system faces a possible “Minsky moment” has again raised concerns over the level of the country’s debt.

Source:  Global Research, 2017/10/24

China offers to buy 5 percent of Saudi Aramco directly – Reuters – 16/10/2017

China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world’s biggest oil producer on the stock market.

Source:  Reuters, 2017/10/16

China’s $150bn debt-for-equity swap shows signs of fizzling – Financial Times – 18/10/2017

China’s plan to swap more than $150bn in corporate debt with equity from banks and other investors has moved forward far slower than expected as banks and companies question the benefits of such deals.

Source:  Financial Times, 2017/10/18

19th National Congress of the Communist Party of China: Xi, Xi, Xi, Xi and Xi!

19th National Congress of the Communist Party of China: Xi, Xi, Xi, Xi and Xi!

On Wednesday, October 18th, the 19th National Congress of the Communist Party of China will very likely see President Xi Jinping further bolster his position as one of the most powerful leaders in modern Chinese history, even in the worldwide political [...]

China to start new-energy-vehicle production quota from 2019, delaying it by a year – The Straits Times – 28/09/2017

China ordered most carmakers to sell a minimum number of new-energy vehicles (NEV) every year starting 2019, giving them more time to comply with a key policy shift in the world's largest market.

Source:  The Straits Times, 28/09/2017

A Profit-Boosting Consolidation Wave Could Be Headed for China – Bloomberg – 19/09/2017

Consolidation is underway in almost half of China’s economy and is accelerating, helping companies boost earnings, regain pricing power, and ease debt-servicing burdens.

Source:  Bloomberg, 2017/09/19

China’s Currency Rebounds as Economic Optimism Returns – New York Times – 11/09/2017

For those who worry about the state of the world economy, China has long been a major reason to lose sleep. Its financial system labors under a mountain of loans, while weaker growth has prompted many Chinese people and companies to move their money overseas in recent years.

Source:  New York Times, 11/09/2017

China Prepares Sale of $2 Billion in U.S.-Dollar Bonds – Fox Business – 13/09/2017

China is laying the groundwork for its first sale of U.S.-dollar sovereign bonds in more than a decade, a move toward expanding its ties with global investors as its economy improves.

Source:  Fox Business, 13/09/2017