A researcher from the Development Research Centre of China’s State Council sees Q4 growth bouncing back to 6.9%.
Analysts say the faltering performance of Chinese stocks and bonds at the start of the week reflects heightened expectations of further monetary tightness in the wake of the 19th National CCP Congress.
China’s National Bureau of Statistics will be responsible for regional data collection starting from 2019, due to concerns over continued discrepancies between the official numbers for provincial and nationwide economic performance.
Jiang Chao of Haitong Securities says the latest upset on the Chinese bond market is the result of overreaction to a number of key economic drivers.
Mortgage lending is tightening in China as property control policies continue to take effect, and multiple banks claim their loan quotas for the year have already been exhausted.
The central government’s efforts to deleverage and rebalance the Chinese economy have served to bolster the performance of leading state-owned lenders, at the expense of their smaller peers in the sector.
Data from Sina Finance indicates that price of ten-year sovereign bonds trading on the China Financial Futures Exchange fell 1% on 30 October, while five-year sovereign bonds saw a drop of 0.7%.
The People’s Bank of China has issued a strong signal that the Chinese Fintech market will be subject to stronger regulatory scrutiny and controls.
One of China’s most influential economists says that problems with the banking sector are impeding its ability to service private enterprises and the real economy.
One of China’ s leading investment banks says that both domestic and overseas financial institutions are excessively pessimistic in their assessment of the country’s economic growth prospects, pointing to high levels of government savings as well as underestimates of potential housing demand.