Markets News 

As China’s economy falters, some fund managers look to bonds

“The phased inclusion of some Chinese bonds in global indexes starting this year also should draw inflows” reports businessinsider.com. He’s not alone in favoring Chinese bonds over equities.On top of this, weak income growth and rising household debt will hit growth of premiums.His Shanghai-based ChangAn Xinyi Enhanced Mixed Fund has increased its assets over the past two weeks by shunning Chinese stocks for bonds.That was one factor driving yields on benchmark 10-year Chinese government bonds down nearly 40 basis points in the quarter. Source: businessinsider.com

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Exclusive: Tesla in talks with China’s Lishen over Shanghai battery contract – sources

“While Panasonic is currently Tesla’s exclusive battery cell supplier, Tesla Chief Executive Elon Musk said in November the U.S. company would manufacture all its battery modules and packs at the Shanghai factory and planned to diversify its sources” writes Midwest Communications Inc for 95kqds.com. It would also help Panasonic cut its heavy reliance on Tesla, whose production delays have weighed on the Japanese company’s earnings. Source: 95kqds.com

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China’s fourth quarter GDP growth dented by services, agriculture despite construction rebound

“BEIJING (Reuters) – Weakness in the service and farm sectors slowed China’s economic growth in the fourth quarter, despite a strong pickup in construction activity, official data showed on Tuesday” writes Midwest Communications Inc for 95kqds.com. The sector – accounting for 8 percent of the economy – grew 6.1 percent in the fourth quarter, accelerating from the previous quarter’s 2.5 percent growth.The retail and wholesale sector slowed to 5.5 percent from 6.2 percent as consumption of physical goods lost momentum.Real estate growth slowed to 2 percent year-on-year in the fourth…

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China’s economic cheating cannot be divorced from defense concerns

“Put simply, the report makes clear that economic concerns about China cannot be divorced from defense” reports washingtonexaminer.com. That doesn’t make it any less troubling to see the link between unfair economic policies and the development of the People’s Liberation Army laid out plainly in a Defense Intelligence Agency report on China’s military power.That China’s economic ambitions are tied to its national interest, including military power, isn’t surprising: That’s been the subtext of the ongoing trade dispute between Washington and Beijing since it began.Other concerns about dual-use developments point to…

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China posts slowest economic growth in 28 years

“The 6.6% growth rate for 2018 reported Monday is the slowest annual pace that China has recorded since 1990” reports etfdailynews.com. From Lingling Wei : BEIJING– China’s economic expansion languished to its slowest pace in nearly three decades last year, as a bruising trade fight with the U.S. exacerbated weakness in the world’s second-largest economy.The economic downturn, which has been sharper than Beijing expected, deepened in the final months of 2018, with fourth quarter growth rising 6.4% from a year earlier. Source: etfdailynews.com

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China population growth slows despite abolition of the one-child policy

“With 9.93 million deaths, this led to a growth rate of 3.81 per thousand in 2018, a dip from 5.32 per thousand the previous year” writes Agence France-presse for telegraph.co.uk. China’s population grew at a slower rate last year despite the abolition of the one-child policy, official data showed Monday, raising fears an ageing society will pile further pressure on an already slowing economy.Signs of China’s falling population growth had emerged when data released by some local authorities indicated a significant drop in births last year.There were 15.23 million live births in 2018, a drop…

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News Oil 

Oil firms as China’s economic slowdown was not as big as some expected

“Both oil price benchmarks had dipped into the red earlier in the session on fears that China’s 2018 economic growth figures would be weaker” writes Jean-paul Pelissier for cnbc.com. Oil prices firmed on Monday after data showed China’s economic slowdown was not as big as some analysts had expected, with supply cuts led by the Organization of the Petroleum Exporting Countries also offering support.International Brent crude oil futures were at $62.83 per barrel at 0259, up 13 cents, or 0.2 percent, from their last close.China’s September-December 2018 growth was at…

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China’s economy cools in the fourth quarter, 2018 growth hits 28-year low

“Fixed-asset investment rose 5.9 percent in 2018, missing expectations of a 6.0 percent increase and the slowest annual growth since at least 1996” writes Midwest Communications Inc for 95kqds.com. BEIJING (Reuters) – China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years.However, some analysts believe China’s actual growth levels are already much weaker than official data suggest.Sources have told Reuters that Beijing…

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China’s Pinduoduo reports theft of online discount vouchers to police

“BEIJING (Reuters) – Chinese online group discounter Pinduoduo Inc said on Sunday that an online collective exploited a loophole on its platform to “steal” tens of millions of yuan worth of discount vouchers” writes Midwest Communications Inc for 95kqds.com. The fast-growing Nasdaq-listed online marketplace allows consumers to group together to get better discounts from merchants selling goods as varied as clothes, kitchenware and gadgets. Source: 95kqds.com

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