The Chinese economy is completely in the shitter and the government is immersed with stopping busines in Macao, due to moral concerns. Morons.
Words cannot express how fucked they are, save their $3.5 trillion in cash reserves, of course. They need a massive stimulus program, now.
China’s consumer price index (CPI) rose 1.6 percent in September from a year earlier, against forecasts of a 1.8 percent rise from a Reuters poll and following August’s 2 percent gain.
The producer price index (PPI) fell 5.9 percent, in line with expectations and after a 5.9 percent fall in the previous month.
The PPI, which measures wholesale prices, clocked its 43rd straight month of decline as overcapacity in a number of sectors coupled with a lack of demand to keep a lid on prices.
The Shanghai is down just 0.36%. I feel we are at a point that the Chinese government has to announce some sort of stimulus package soon. If so, expect a strong bounce in China related commodity names.
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I think I read they just devalued yuan again.
Team #wingwong
Granny speaks mandarin when taking a nap.
This is NOT going to be October “QE4” 2014
I can’t wait for the next shoe to drop. Given that it’s China it will probably be the entire shoe factory.