China Economy

China Surpasses Q1 Economic Growth Expectations

Quick Overview: Q1 2024 GDP growth hit 5.3%, surpassing expectations; Industrial production rose by 6.1%, but retail lagged with only a 3.1% rise; Investment divergence was seen between state-owned (up 7.8%) and private sectors (up 0.5%); The property market struggles continue, with investment down by 9.5%; Consumer inflation fell, easing cost pressures on households. China’s …

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China tech stocks surging following stimulus

4.8% GDP Growth Signals Potential Economic Uptick

Quick Overview: GDP growth hit 4.8%, signalling potential economic recovery, though sustainability is uncertain. Manufacturing surged by 6% in March, highlighting strong industrial growth. Power production rose, boosted by lower coal prices and increased industrial activity. The housing market struggles, with sales down 33%, suggesting a prolonged downturn. Deflationary trends emerge in China, potentially affecting …

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China tech stocks surging following stimulus

China Boosts Forex by $19.8B to $3.2457 Trillion

Quick Look China’s forex reserves increased by $19.8 billion to $3.2457 trillion in March. Gold reserves rose to 72.74 million ounces, marking a 17-month growth streak. Appreciation in gold prices contributed to the reserve value increasing by $12.43 billion. The yuan depreciated by 0.47% against the dollar in March Economic recovery supports the stability of …

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Stock market rally for Evergrande

Xi Jinping’s Summit: Forging Stronger China-U.S. Bonds

Quick Look Xi Jinping meets with U.S. CEOs to rejuvenate foreign investment in China. The decline in foreign direct investment prompts China to pledge more market reforms. Bilateral relations seek improvement following a recent Xi-Biden meeting. In a strategic move to mend the fraying economic relations between China and the United States, Chinese leader Xi …

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Stock market rally for Evergrande

China’s Economy: Surpassing Expectations in Early 2023

Quick Look: Retail and industrial output exceed forecasts. Investment dynamics reflect sectoral shifts. Economic recovery faces uneven domestic demand. China’s economic performance in the initial two months of 2023 has unexpectedly outstripped analyst projections, signalling a robust start to the year. Retail sales witnessed a 5.5% increase, surpassing the anticipated 5.2%, while industrial production soared …

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Coffee

Brazil coffee farmers recieve lawsuit for defaults

After hundreds of Brazilian coffee farmers have failed to deliver the pre-agreed orders, many commodities traders are pursuing legal actions. Some of these traders include: including Louis Dreyfus, Olam, and Volcafe. They have claimed that this default in delivery has left them exposed to losses. The climate turmoil in Brazil has increased the price of …

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