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Why the world is watching Xi Jinping and China’s party congress

“The worry for the world ahead of the Party Congress is that what he cooks up instead could be worse” reports washingtonpost.com. By the time you read this, one of the most important global political events of the next five years — if not longer — will have begun: the 19th National Congress of the Chinese Communist Party. Source: washingtonpost.com Share This:

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An upcoming fintech IPO is set to be 2017’s largest Chinese listing in the US

“Online micro-lending company Qudian is about to go public at the New York Stock Exchange on Wednesday, and it’s set to be one of the largest U.S.-listed floats by a Chinese company this year” writes Saheli Roy Choudhury for cnbc.com. That gave Qudian a market value of as much as $7.9 billion, according to Reuters, which said that would make it the largest U.S.-listing by a Chinese company this year.Loans are almost instantly approved, Qudian claimed in a corporate video, because it uses data analytics to assess prospective borrowers.In the…

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China Is Quietly Reshaping the World

“By encouraging China to raise the labor, human rights and environmental standards of their projects, the world should hold him to it” writes Anja Manuel for theatlantic.com. In the next decades, China plans to build a thick web of infrastructure around Asia and, through similar initiatives, around the world.Also, while Chinese loans used to have low interest rates around 2.5 percent, they are now creeping up to near 5 percent or more. Source: theatlantic.com Share This:

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News Stocks 

Analyst says ‘nobody can compete’ with Tesla in China

“Piper Jaffray reiterated its overweight rating on Tesla shares, saying the company’s electric car quality is far ahead of its peers in China” writes Wang Zhao for cnbc.com. The analyst said China will start an electric vehicle quota system in 2019.Potter reaffirmed his $386 price target on Tesla shares, representing 10 percent upside to Monday’s close. Source: cnbc.com Share This:

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Chinese Communist Party Congress: What investors will be watching

“Traditionally economic activity, especially investment and credit growth, have tended to accelerate in the year after a Party Congress” writes Huileng Tan for cnbc.com. That is, Wolter said there was a danger that Beijing would embark on a course of “lower quality” high-percentage GDP growth driven by government forces, rather than “better quality, self-sustained” lower GDP growth.Results of official efforts to tackle the problems have been mixed as Beijing balances economic and social needs. Source: cnbc.com Share This:

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China’s Xi looks to extend power at Communist Party congress

“However, women continue to be underrepresented in the top bodies, pointing to the abiding highly masculine tone of Chinese politics” writes The Associated Press for seattletimes.com. BEIJING (AP) — Having bested his rivals, Chinese President Xi Jinping is primed to consolidate his already considerable power as the ruling Communist Party begins its twice-a-decade national congress on Wednesday.The committee will then pick a 25-member Politburo and the elite Politburo Standing Committee, led by the general secretary. Source: seattletimes.com Share This:

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Brokers News 

Sources: Chinese government blocks major MetaTrader 4 port

“This is a port which is used to connect MetaTrader 4 to trading servers, hence several brokers are now unable to connect from within mainland China” reports financefeeds.com. Conversely, brokerages using connectivity partners or white label providers with no Chinese presence at all risk being completely disconnected from their trading server. Source: financefeeds.com Share This:

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Markets News 

Silicon Valley start-up faces off against Chinese unicorns to capture the bike-sharing market

“A race to dominate the rapidly growing smart bike market is on: Pioneering, unicorn-financed Chinese start-ups Ofo and Mobike are facing off in the United States with pumped-up Silicon Valley-based rival LimeBike” writes unknown author for cnbc.com. The United States is a new battleground for Ofo and Mobike, which invented and popularized the dockless bike-sharing market in China and have started to go international. The market winner will go to the first mover that can execute without bumping into numerous challenges that include regulations, pricing wars, maintenance issues, bike theft…

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Chinese producer prices shoot up 6.9%

“Zhou, the central bank governor, said in a speech in Washington that higher growth is expected, driven by household consumption” reports marketwatch.com. Producer prices have been a sign of the robust economy.BEIJING–China’s factory-gate prices shot up to a six-month high last month, the latest surprise for an economy that has defied many economists’ expectations of a slowdown. Source: marketwatch.com Share This:

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