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Post by clinton on Jun 2, 2013 20:46:22 GMT -5
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Post by clinton on Jun 2, 2013 21:44:21 GMT -5
On Friday, China's National Bureau of Statistics (NBS) reported that the country's official manufacturing purchasing managers index unexpectedly climbed to 50.8 in May from 50.6 in April. Economists were expecting the number to fall to 50.0. Moments ago, we learned that the unofficial PMI report, which is compiled privately by HSBC and Markit, fell to 49.2 from 50.4 a month ago. It's worth noting that the unofficial report has greater exposure to small and medium-sized enterprises, which may be having a tougher time than its larger competitors. Still, the direction of the NBS number conflicts directionally with not just China, but South Korea, Vietnam, and Taiwan. We don't claim to be experts at this. But surely, these numbers will raise some eyebrows as the aggregate data out of Asia looks more bad than good. Here's some China commentary from the May PMI reports: South Korea PMI (51.1, down from 52.6 in April): "The US remained a source of export growth, but demand from China was reported to have suffered." China HSBC PMI (49.2, down from 50.4 in April): "The downward revision of the final HSBC China Manufacturing PMI suggests a marginal weakening of manufacturing activities towards the end of May, thanks to deteriorating domestic demand conditions." Taiwan PMI (47.1, down from 50.7 in April): "Respondents reported a general deterioration in global economic conditions, with lower new orders from China, Europe and the US mentioned specifically." Vietnam PMI (48.8, down from 51.0 in April): "Companies reported stronger demand from clients in China and the US." Read more: www.businessinsider.com/chinas-official-pmi-discrepancy-2013-6#ixzz2V7L33mjk
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Post by maxi on Jun 2, 2013 23:07:21 GMT -5
The Vietnam section conflicts with the two reports above it. It says demand from China increased....
I think the general rule of thumb tho is China numbers are always the most suspect. They aren't exactly transparent......
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Post by clinton on Jun 3, 2013 6:24:00 GMT -5
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Post by clinton on Jun 3, 2013 6:24:40 GMT -5
China sold off EOD, Id think we do the same.
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Post by clinton on Jun 17, 2013 6:23:14 GMT -5
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Post by clinton on Jun 23, 2013 21:41:52 GMT -5
The Shanghai Composite Index (SHCOMP) will jump about 12 percent in coming months as its June slump exhausts sellers, said Tom DeMark, the creator of indicators to show turning points in securities. The benchmark index for Chinese equities will climb to 2,323 after producing a buy signal June 21 on the Combo chart, designed to identify market tops and bottoms, said DeMark, who has spent more than 40 years developing market-timing indicators. The Shanghai index fell 9.9 percent in June through last week, poised for the worst month since August 2009, while the Bloomberg China-US Equity Index of the most-traded Chinese stocks in the U.S. lost 6.5 percent. “I had not received any indication of possible bottom since February until now,” DeMark wrote in an e-mail from Scottsdale, Arizona on June 21, in reference to the Combo chart. “The indication of an immediate market reversal does not exist as clearly currently and it may require a couple of days for Shanghai Composite to gain upside traction. Regardless investors should be prepared for a rally.”
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Post by clinton on Jun 26, 2013 8:23:46 GMT -5
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Post by clinton on Jun 27, 2013 7:01:24 GMT -5
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Post by clinton on Jul 11, 2013 6:29:48 GMT -5
Wow Attachments:
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Post by clinton on Jul 11, 2013 8:05:39 GMT -5
9:00 AM Mandated automobile sales restrictions in China could cut sales by 2%, according to a top exec with the China Association of Automobile Manufacturers. Though on the face of it the anti-pollution measures would seem to be a negative factor for Ford (F), General Motors (GM), and Volkswagen (VLKAY.PK) - the trio could actually benefit from the increased focus with their emissions technology far superior than Chinese automakers.
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Post by PoorHomey on Jul 11, 2013 8:11:10 GMT -5
Though on the face of it the anti-pollution measures You mean China actually cares about "pollution"? I had no idea.. lol
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Post by jacksrbtr on Jul 11, 2013 9:57:26 GMT -5
Though on the face of it the anti-pollution measures You mean China actually cares about "pollution"? I had no idea.. lol They are building 200 nuclear reactors. If they can avoid any meltdowns their air should start to clean up after coal plants are shutdown.
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Post by clinton on Jul 11, 2013 10:01:15 GMT -5
You mean China actually cares about "pollution"? I had no idea.. lol They are building 200 nuclear reactors. If they can avoid any meltdowns their air should start to clean up after coal plants are shutdown. yet another reason to short coal on any pop
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Post by jacksrbtr on Jul 11, 2013 10:11:43 GMT -5
They are building 200 nuclear reactors. If they can avoid any meltdowns their air should start to clean up after coal plants are shutdown. yet another reason to short coal on any pop It'll be awhile before their nukes are up and running I dunno when they are supposed to start coming on line but it's prolly years.
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Post by jacksrbtr on Jul 11, 2013 10:18:41 GMT -5
yet another reason to short coal on any pop It'll be awhile before their nukes are up and running I dunno when they are supposed to start coming on line but it's prolly years. Check that - my apologies I dunno WHERE I got that 200 number but it's bull sheet. They only have 28 new ones under construction according to Wikipedia. Our nuclear power program has been stalled again by comparison. How the hell well ever progress to di-lithium crystals at this rate is beyond me.
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Post by clinton on Jul 23, 2013 20:31:37 GMT -5
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Post by clinton on Sept 4, 2013 7:00:04 GMT -5
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Post by jacksrbtr on Sept 4, 2013 9:32:29 GMT -5
And will be showing up in your cat food soon you betcha!
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Post by clinton on Oct 17, 2013 21:16:22 GMT -5
China GDP meets expectations; industrial production, retail sales rise China Q3 GDP: +7.8% Y/Y versus +7.8% expected; +2.2% Q/Q versus +1.9% expected.China September industrial production: +10.2% versus +10.1% expected and 10.4% previous.China September retail sales: +13.3% versus +13.5% expected and +13.4% previous.
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