China Focus : China 1, FOMC 0
9 SEP 2015
30 JAN 2015
11 SEP 2015
SOUR GRAPES ! The lot of them. WHAT ARE YOU GOING TO DO ABOUT IT ?
1. August fiscal spending jumps 26%
2. China NDRC to remove quota for companies’ overseas debt (which is good news for CNH bonds)
3. The ECB revised trade weights for effective exchange rates of the euro, upping China by 13% and cutting the US (-4.1%), UK (-8.1%) and Japan (-4.3%). India was surprisingly cut by -0.3%, along with Singapore (-0.6%).
Perhaps it has something to do with this ?
I see the CNY-CNH gap closing up meaningfully which is a good sign.
I see the FOMC acceding power to China’s growth.
“(New York Times) — HONG KONG — Global markets were largely down on Friday after the United States Federal Reserve signaled fresh concerns over slowing growth in China and other emerging markets.”
“Look to China for clues on when the Fed will raise rates