ECONOMIC DEVELOPMENT – CHINA

Tensions over China need global solution: Morrison

roymorgansocial Leave a comment

Original article by Simon Benson
The Australian – Page: 4 : 28-Aug-19

Prime Minister Scott Morrison says the growing tensions between the US and China are an "inevitable consequence" of the latter’s success. He adds that it had been the intention to lift China out of poverty via a reconstruction plan after the Second World War, but the world is now confronted with the question of what to do now that China has become a success. Morrison also says the rise of China requires a new "global architecture", which must include China.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

China fears greatly exaggerated, says Aviva

roymorgansocial Leave a comment

Original article by Ruth Liew
The Australian Financial Review – Page: 30 : 16-Feb-16

The Chinese sharemarket was resilient on 15 February 2016, despite concern that it would fall sharply when trading resumed after the week-long holiday for the Lunar New Year. Meanwhile, Aviva Investors CEO Euan Munro has downplayed concerns about the outlook for the Chinese economy, noting that it is still growing despite its shift from a focus on commodities. However, he says the yuan could potentially fall by 15-20 per cent against the US dollar in the next several years.

CORPORATES
AVIVA INVESTORS, AVIVA PLC, STANDARD LIFE INVESTMENTS LIMITED, PEOPLE’S BANK OF CHINA, RESERVE BANK OF AUSTRALIA, SHANGHAI COMPOSITE INDEX

Forget China, bigger risk for local shares on the horizon

roymorgansocial Leave a comment

Original article by Vanessa Desloires
The Australian Financial Review – Page: 35 : 17-Nov-15

Hasan Tevfik of Credit Suisse warns that a rise in the global inflation rate would have a bigger impact on Australian sharemarket investors that an interest rate rise in the US or an economic slowdown in China. Credit Suisse notes that global bond yields would most likely rise if there is a spike in the US inflation rate, while Stephen Walters of JP Morgan expects the global inflation rate to rise after falling to 1.4 per cent in September 2015.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, JP MORGAN AUSTRALIA LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, CAPITAL ECONOMICS LIMITED

China manufacturing weakest in three years

roymorgansocial Leave a comment

Original article by Angus Grigg
The Australian Financial Review – Page: 11 : 2-Sep-15

China’s Purchasing Managers Index (PMI) for August fell to 49.7 in August 2015, down from 50 the previous month. Julian Evans-Prichard, from Capital Economics, says the PMI reading should be seen in context. The lower reading for manufacturing is less alarming when the service sector PMI is taken into account. The latter fell to 53.4 in August, from 53.9 the previous month, which is not a significant decline.

CORPORATES
CAPITAL ECONOMICS LIMITED, PEOPLE’S BANK OF CHINA

China summit to help build two-way silk road

roymorgansocial Leave a comment

Original article by Greg Earl
The Australian Financial Review – Page: 8 : 28-Aug-15

China wants to link its "silk road" infrastructure scheme with the Abbott Government’s plans to develop northern Australia. It sees Australia as one end of a maritime link in its ambitious One Belt One Road program to stimulate economic activity in Asia and the Pacific. Cooperation was discussed by Chinese and Australian ministers at a strategic economic dialogue in Canberra.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, CHINA. ECONOMIC PLANNING COMMISSION, CHINA UNION PAY, BANK OF CHINA GROUP, CHINA EASTERN AIRLINES CORPORATION LIMITED