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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessFitch: Strong Holiday Sales in China..........>
CHINA: Fitch: Strong Holiday Sales in China Boosted by Coupons, Data Choice
- Figures showing a strong rebound in retail sales in China over the extended
Labour Day holiday may not be a good indicator of a recovery in consumer
sentiment, Fitch Ratings says. This is because the sales boom, especially for
online sales, could be the result of massive retailer promotions and cash
coupons distributed by local governments. In addition, the holiday this year was
one day longer than in 2019, which distorted yoy sales growth. Besides, the data
from China's Ministry of Commerce (MOFCOM) is from selected companies, which may
not be representative of the entire consumer sector. Key companies' car sales,
for example, increased sharply in certain cities, according to MOFCOM, while
data from the China Passenger Car Association show a 7% yoy decline in national
average daily auto sales in the first week of May.
- Link: https://tinyurl.com/ycx2swk2
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.