360° Coverage : China Exports Falling Flat; But Lending Soars

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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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29 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%. 

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4 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slash ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

5 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and MH17" ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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