Silver as an investment

Category Archives: Shenzhen

China Slashes Import Tariffs on Consumer Goods In Boost For Trump And Western Exporters

China announced it is slashing import tariffs on 187 consumer products starting next month. The Finance Ministry pointed to the cuts being concentrated in products in short supply domestically which, it believes, will prompt local producers to improve quality. The items in the list which, includes baby formula, diapers, electric toothbrushes, medicines, cosmetics, coffee machines […]

The Five Biggest Tests For China’s Next Central Bank Governor

Zhou Xiaochuan’s long reign as PBoC Governor is drawing to a close. He signaled his impending retirement last month and will be seventy years old In January 2018. Zhou has headed up China’s central bank from the early days of China’s “growth miracle” in 2002 and successfully – thanks to massive credit creation – steered […]

Need A Jumbo Jet? China’s E-bay Can Help You With That…

In a first for not just China, but the entire world, Alibaba’s online auction website, Taobao, has successfully auctioned off two Boeing 747-400 jumbo jets for a combined $49 million.  The jets were bought by Chinese cargo airline SF Airlines after they were seized by courts during Jade Cargo’s bankruptcy proceedings in 2013.  According to […]

“Very Close To Irrational Exuberance”: Asian Equities Break Above All-Time High As Hang Seng Clears 30,000

Following the new all-time high in US equities, the MSCI Asia Pacific Index broke through its November 2007 peak to make an all-time high in Wednesday’s trading session. This was something we noted could happen yesterday in “SocGen: Asian Equities Are So Awesome, A China Minsky Moment Is ‘Manageable”. The dollar weakened slightly after outgoing […]

35 Chinese Cities Have Economies As Big As Countries

Gaining perspective on China’s monstrous economy isn’t always the easiest thing to do. As Visual Capitalist's Jeff Desjardins notes, with 1.4 billion people and the third-largest geographical area, the country is a vast place to begin with. Add in explosive economic growth, a market-oriented but Communist government, a longstanding and complex cultural history, and self-inflicted demographic […]

Is This China’s Minsky Moment?

Authord by Kevin Muir via The Macro Tourist blog, Sometimes you have to love the naivety of the markets. At this week’s Communist Party Congress meeting in Beijing, the governor of the PBoC (People’s Bank of China) said the following; “If we are too optimistic when things go smoothly, tensions build up, which could lead […]

Xi’s Roadmap To The Chinese Dream

Authored by Pepe Escobar via The Asia Times, China's Belt and Road Initiative – the New Silk Road – will spark the country's development and turn the dream into reality… It all starts with Hong Kong as a major BRI financing hub. Now that President Xi Jinping has been duly elevated to the Chinese Communist […]

Globalization Is Poverty: “The Endgame Is Painfully Obvious”

Authored by Raul Ilargi Meijer via The Automatic Earth blog, Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows? Still, the global economy has […]

“From Nukes To Terrorism”: Battered Investors Flee Risk For Safety Of Bonds And Gold

The global risk-off mood accelerated overnight on Trump “stability concerns”, coupled with fallout from the Spain terrorist attack and lingering North Korea tensions, even if the VIX is off its latest highs, trading just above 15. Investors fled into German and U.S. Treasury bonds and bought gold for the third day in a row, as […]

Mapping The Foreign Trade Debate – Where Do ‘You’ Belong?

Via FFWiley.com, Worried that recent U.S.–China trade dialog sounds like a Mayweather–McGregor promotional tour? Concerned that we might be headed for a repeat of the Great Depression era’s race-to-the-bottom tariff wars? Or, maybe you’re relieved that diplomats are no longer being diplomatic? Maybe you think it’s about time Washington stood up for American jobs? However […]