Free Trial
US TSYS

Not Much To Counter Cheapening

KRW

Won Weakens Back Past 1300

GOLD

Lower In Asia

PHP

Peso Holds Familiar Range

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Growth Rate Closer To 2%-2.5%

CHINA

Executive Summary:

  • China alternative measures of GDP growth have been pricing in a significantly lower level of economic activity, therefore confirming that the current official’s growth target rate of 5.5% is ‘unrealistic’.
  • According to think tank CASS measure, the current level of GDP growth is closer to 2%-2.5% (rather than the 4.8% reported in Q1).
  • CNY remains vulnerable in the medium term as the CH-US bond yield premium keeps falling into deeper negative territory.

Link to full publication:

China Growth - F.pdf

Keep reading...Show less
191 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Executive Summary:

  • China alternative measures of GDP growth have been pricing in a significantly lower level of economic activity, therefore confirming that the current official’s growth target rate of 5.5% is ‘unrealistic’.
  • According to think tank CASS measure, the current level of GDP growth is closer to 2%-2.5% (rather than the 4.8% reported in Q1).
  • CNY remains vulnerable in the medium term as the CH-US bond yield premium keeps falling into deeper negative territory.

Link to full publication:

China Growth - F.pdf

Keep reading...Show less