10 Updates
China Exports Falling Flat; But Lending Soars

China Exports Falling Flat; But Lending Soars

Feb 6 2014, 4:31pm CST | by

China exports are likely to have fallen flat last month thanks to soft external demand and a higher comparison base from a mini-boom in December. Jian Chang of Nomura Securities in Hong Kong said...

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24 weeks ago

China Exports Falling Flat; But Lending Soars

Feb 6 2014, 4:31pm CST | by

China exports are likely to have fallen flat last month thanks to soft external demand and a higher comparison base from a mini-boom in December.

Jian Chang of Nomura Securities in Hong Kong said Wednesday that she expects exports to fall by 0.2% year over year, down from 4.3% growth in December. On a sequential basis, exports will likely register 0.3% monthly growth, a pickup from -1.1% in December. The yearly growth rate is distorted downward by a higher base due to inflated trade reporting last year.

Looking ahead, Change remains cautious on Chinese export growth in 2014 based on growing uncertainties in emerging markets. The weakening PMI new export orders index points to a downbeat external demand outlook as well.

Meanwhile, China’s core inflation should come in at 2.3% in January from 2.5% in December, driven by lower food prices. Inflation is likely to moderate this year providing food prices remain subdued.

And for investors who thought China banks would start lending less, Nomura number crunchers expect new loans to post an usually strong January rebound to nearly 1.1 trillion yuan ($180 billion), similar to  last year.

New loans were 483 billion yuan in December, and 1.07 trillion January 2013.  China’s big four state controlled banks like the Industrial and Commercial Bank of China extended 430 billion yuan in loans in the first 26 days of January,  10% growth from January 2013.  For Nomura, outstanding loan growth is likely to moderate to 13.9% year over year in January compared to December yearly growth of 14.1%. 

Top Global Real Estate Markets For Affluent Chinese

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Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rak ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by ro ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Rak ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Ser ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industr ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Ba ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damans ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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