CHIX News and Press, Global X MSCI China Financials From 07/29/22

President Biden and Xi Jinping ended a two-hour call on Thursday with plans to arrange their first in-person meeting since Biden took office (Xi also hasn't left China since the pandemic given the country's strict zero-COVID strategy). The leaders of the world's two largest economies di...

In June 2022, 2.37 million light vehicles were sold in Greater China, a 29.7% increase compared with the same month of 2021. On a year-to-date (YTD) basis, light vehicle sales in mainland China decreased 4.7%, from 11.55 million units to 11.01 million units. In the first half of 2...

China's construction sector faces ongoing pressure from policies designed to deleverage property developers and lead to more sustainable construction activity. Infrastructure spending may help to soften the blow but is unlikely to fully offset the impact on growth. Funding for rea...

In all fairness to the Atlanta Fed, some of last week’s statistical releases indicate an economic slowdown, but at a very slow pace, nothing like the rapid contraction that accompanied serious contractions in 2008-9 or 2020. Russia’s Gazprom last week notified major cust...

As inflation raged, central banks accelerated the pace of monetary policy tightening, aiming to slow the growth of aggregate demand and calm price pressures. In response to persistently high inflation and an upward drift in long-run inflation expectations, central banks are accelerati...

Concerns about stagflation have emerged because high inflation is widespread and growth is slowing in some markets. China's zero-COVID policy could pose a risk to the global supply chain - and inflation - if the newer variants lead to more frequent and large-scale lockdowns. If de...

After months of COVID-related disruptions, China’s economy looks to be on the path to normalization. While China has stepped up stimulus to support infrastructure spending, the property market outlook remains gloomy, mitigating China’s demand for global commodities. ...

Alibaba bottomed mid-March at roughly $80/share on the back of delisting fears for Chinese ADRs, and we do not think the stock will revisit that level. Investment banks are turning constructive on Chinese tech and the Chinese economy, with Citi being the latest to favor China stocks. ...

Europe took centre stage last week as leaders waited nervously to see if gas would start flowing through Nord Stream 1 again following scheduled maintenance. Next week the focus switches back to the US which has a big interest rate decision of its own and a number of major earnings re...

The National Development Reform Committee (NDRC) announced China's 14th FYP on renewables in June 2022. Provincial targets and project pipeline dynamics reflect a far more aggressive deployment pace. The mismatch of project lead times and a late start for pumped hydro acceleration...