CHIX News and Press, Global X MSCI China Financials From 03/07/23

2023-03-07 01:51:14 ET China Feb. Balance of Trade at $116.88B, versus forecast figure of $81.8B, $78.01B prior. Exports -6.8% vs. -9.4% consensus, -9.9% prior. Imports -10.2% vs. -5.5% consensus, -7.5% prior. For further details see: Germany trade surplus of $116.88B, b...

2023-03-06 04:22:58 ET China's National People's Congress convened its annual parliamentary gathering over the weekend, setting a GDP growth goal of "around 5%" for 2023 to mark its lowest target in over three decades. Perhaps unsurprisingly, China's defense spending will rise by 7....

Summary In 2021, China announced carbon dioxide peaking by 2030 and carbon neutrality by 2060. Despite China being the largest issuance country in the green bond market, international investors may often find themselves lost in the pile of Chinese green bond guidelines. China remain...

Summary Global manufacturing output returned to growth in February after six months of decline, according to the JPMorgan Global Manufacturing Purchasing Managers' Index compiled by S&P Global. The improvement was driven by Asia and coincided with the reopening of the economy of mai...

Summary Today’s US data has been disappointing with housing, manufacturing, and construction data all hinting at challenging conditions. Unfortunately, given the lack of buyer interest in the residential property market, we expect construction activity to remain a drag on overall...

Summary While there were some uncertainties as to whether looser COVID-19 restrictions will boost the economy or lead to more disruption amid rising illness rates, the early evidence from the PMI surveys is encouraging. Jobs growth also resumed for only the second time in just over one-...

The Caixin China General Manufacturing PMI increased to 51.6 in February 2023 from 49.2 in January, above market consensus of 50.2. This was the first increase in factory activity since last July, and the highest reading in 8 months, after a shift in COVID policy. Output grew for the firs...

The official manufacturing purchasing managers’ index rose to 52.6 last month, up from 50.1 in January, according to the National Bureau of Statistics, to the highest reading since April 2012. This was the second straight month of expansion in factory activity and the fastest pace ...

Summary Disinflation trends are struggling and now Wall Street will look to see if improving manufacturing and service activity will further fuel pricing pressures. Eurozone: While headline inflation has been falling, core remains at the peak and policymakers are unlikely to ease off th...

Summary A recovery in China's economy this year looks certain, but the nature and speed of that recovery remain in doubt. After a slow start, we believe the economy could pick up in the summer, but there is a risk that the economy will start to overheat by year-end. Although economi...