China's January Financing Jumps 2.4% Year‑over‑year, Beating Forecasts
1/5 According to Caixin, China’s aggregate financing grew slightly faster than expected in January, rising by RMB 7.22 trillion. This was 2.4% more than in January 2025 and 10.4% more than in January 2024. It is equal to 5.1% of annual GDP. https://t.co/PSKFnaZkZu
China's Railway Investment Climbs 5.5% in January
Xinhua: "China's railway sector completed 46.3 billion yuan (about 6.67 billion U.S. dollars) in fixed-asset investment in January, up 5.5 percent year on year." https://t.co/g109GF2REm
US Firms and Consumers Shoulder Most 2025 Tariff Burden
1/5 The New York Fed finds that "U.S. firms and consumers continue to bear the bulk of the economic burden of the high tariffs imposed in 2025." https://t.co/X3Xz2tRn1j
Distinguish Inefficiency From Global Uncompetitiveness in EU Manufacturing
1/7 My latest piece was written for friends who are EU policymakers or advisors. In it I argue that there is a difference between an inefficient manufacturing sector and a globally uncompetitive manufacturing sector. We shouldn't conflate the two. https://t.co/qer7BAvgnc
State Firms Snap up Foreclosed Homes, Easing Oversupply
1/2 Reuters: "Chinese state-owned companies are buying foreclosed property projects, in a sign that long-promised government efforts to reduce massive oversupply in the crisis-hit housing sector are finally getting traction, albeit at a slow pace." https://t.co/Nk0gtgJVgr
January Home Prices Slip Across All Chinese City Tiers
Xinhua: In four first-tier cities and 31 second-tier cities, the average month-on-month price declines in January were 0.3% for new homes and 0.5% for resold homes, while prices in 35 third-tier cities fell 0.4% for new homes and 0.6% for...
EU Mulls 30% Tariff or Euro Devaluation to Counter China
1/5 Reuters: "The EU should consider either an unprecedented 30% across-the-board tariff on Chinese goods or a 30% depreciation of the euro against the renminbi to counter a flood of cheap imports, a French government strategy report said on Monday." https://t.co/1HcSSyRLJx
China's Growth May Slip to 2.5% without Action
1/11 SCMP: "China’s potential growth rate could fall to about 2.5 per cent in the coming years unless action is taken, prominent Chinese economist Zhou Tianyong has warned." https://t.co/9xqpRhz105