Disappointing news out of Beijing yesterday as Chinese economic data all point to trouble ahead. Growth in retail sales, industrial production, and fixed asset investment all disappointed, missing estimates economists had predicted. Data that covered the month of April and a slow-down, even before the renewed trade war had started up again, don't bode well for the world's second largest economy. Should U.S. President Trump continue to push a hard line on trade with China and insist on increasing tariffs even further, the damage won't be isolated to China alone, but may very well spread like contagion throughout financial markets.Of the data that missed analysts expectations, perhaps the most worrisome concerns Chinese domestic sales. Chinese consumers spent 7.2 percent more in retailers around China than they had in 2018; however, sales were projected to increase by 8.6 percent. While industrial production also missed substantially, it is Chinese domestic spending that is the most … [Read more...] about What a slowdown in China will mean for global markets
Sale china products
By Leman Mammadova The introduction of local products at international exhibitions and successful organization of export missions to overseas to promote national products under the Made in Azerbaijan brand boost the non-oil sector of the Azerbaijani economy as well as strengthen business ties with foreign countries. The Sial China 2019 exhibition is being held in the Chinese city of Shanghai on May 14-16. As many as 12 Azerbaijani companies participate in the exhibition and present their products at the country's single stand "Made in Azerbaijan". Azerbaijani companies are part of an export mission to China, organized with the support of the Ministry of Economy and Azerbaijan Export and Investment Promotion Foundation (AZPROMO). The mission, covering May 13-18, includes companies engaged in the production of food, wine and other alcoholic beverages. During the exhibition, Azerbaijani businessmen hold meetings with colleagues from foreign countries, as well as … [Read more...] about Local products presented at exhibition in China
By Leman Mammadova Azerbaijan, benefiting great trade potential with China, strives to expand the export of local products to Chinese markets. Azerbaijan is planning to open its Trade House in the Chinese city of Xi'an, the administrative center of Shaanxi province. The 4th Silk Road International Investment and Trade Forum has been held in the city, where more than 200 enterprises from 25 countries participated. The forum was held under the slogan "New Era, New Pattern and New Development". Speaking at the "Silk Road Business Cooperation - Xi'an" round table, dedicated to the e-trade cooperation, Trade Representative of Azerbaijan in China Teymur Nadiroglu said that Azerbaijan is one of the first countries that supported the Belt and Road project and is one of the active participants in its implementation. Speaking about the large-scale infrastructure projects implemented in Azerbaijan in recent years, including the Trans-Caspian International Transport Route, he noted that the … [Read more...] about Country to open another trade house in China [PHOTO]
Business 25 March 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/business-47693518 Read more about sharing. These are external links and will open in a new window Close share panel Nike has been fined by the European Commission for restricting the sale of products carrying the logos of some of Europe's best known football … [Read more...] about Nike fined over football sales restrictions
The rise of China has been astonishing and its growing influence on the world is one of the economic forces discussed in our inescapable investment truths for the decade ahead. But economies don’t grow in a straight line. China is facing a transition period. It is a country we monitor closely and we believe its economy is currently doing worse than the official GDP data suggests. We have constructed our own China activity indicator and find it exhibits far greater cyclicality than official GDP figures (see chart below). Our indicator includes monthly data on trade, retail sales, industrial production and investment in physical assets (such as machinery). It captures the widely reported slowdown of 2014-15 that was largely absent from official GDP and the subsequent stimulus-led upswing in 2017. More recently, it has pointed to a renewed slowdown beginning in April 2018. Most importantly, this recent slowdown pre-dates the trade war with the US. China's economy has slowed … [Read more...] about Should investors be more concerned about China’s slowdown?