China consumer inflation rate drops to a five-month low, missing expectations as economy slows. ARE MORE STIMULUS COMING?
China’s consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday. Analysts polled by Reuters had expected a slight pickup in the consumer price index to 0.5% in November from a year ago, versus 0.3% in October. China’s producer price index declined for the 26th month. Producer inflation fell by 2.5% year on year in November, less than the estimated 2.8% decline as per the Reuters poll. Source: CNBC, Evan
China’s central bank gold reserves hit a record 72.96 million fine troy ounces in November.
China bought 160,000 fine troy ounces of gold last month, resuming purchases after 6 months. China’s gold reserves have risen by a whopping 10 million ounces over the last two years. As a result, the value of the country’s gold reserves reached $193 billion in November, near the record $199 billion posted in October. Meanwhile, gold prices have rallied 28% year-to-date, and trade just 5% below all-time highs. China's gold stockpile is back on the rise. Source: The Kobeissi Letter, Bloomberg
China ups stimulus response, shifts monetary policy stance for the first time in 14 years.
Politburo vows to stabilise both housing and stock markets. China stocks, commodities prices jump. CHINA EASES MONETARY POLICY STANCE FOR FIRST TIME SINCE 2011 *POLITBURO: CHINA MONETARY POLICY TO BE MODERATELY LOOSE *POLITBURO: CHINA'S FISCAL POLICY TO BE MORE PROACTIVE NEXT YEAR *POLITBURO: WILL STABILIZE THE PROPERTY AND STOCK MARKETS Source: Bloomberg, David Ingles
🚨China export bans Gallium & Germanium🚨
Why it matters: Gallium is central to countless downstream industries: semiconductors, aerospace, telecommunications, & more. This image shows how interconnected it is👇 Source: DeepBlueCrypto
BREAKING 🚨: China
Chinese Yuan plunges to its weakest level against the U.S. Dollar in more than 12 months Source: Barchart
China on Friday announced a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems, while signaling more economic support would come next year.
The debt swap program, however, fell short of many investors’ expectations for more direct fiscal support. Source: Bloomberg
China economic surprise index turns positive
Source: David Ingles, Bloomberg
Just in 🔉 Reuters sources: China's leading legislative body weighs approval of new fiscal package exceeding 10 trillion yuan ($1.4 trillion dollars) on November 8
Sources: China intends to approve raising new 10 trillion yuan debt through special treasury and local government bonds in upcoming years. fiscal plan to allocate 6 trillion yuan for local government debt and up to 4 trillion yuan for idle land and property acquisition. China could unveil enhanced fiscal measures if trump secures U.S. presidency.
