China's biggest shopping event starts five weeks early to revive spending https://t.co/8imndmuk6Q ...

Market Outlook - Indian stocks are expected to rebound following a difficult period [1] - Market observers are optimistic about a potential trade agreement with the US [1] - Consumption tax cuts are anticipated to bolster the recovery [1]

Industry Recovery - Cafés and restaurants are experiencing a resurgence in activity [1] - Tourism and influencer visits are contributing to the revitalization of Lebanon's capital [1]

China’s central bank has pledged to maintain a moderately loose monetary stance and ample liquidity to support economic recovery, as the economy continues to face challenges from insufficient domestic demand and low prices https://t.co/j5JQaI7zJg ...

South Korea should maintain its accommodative fiscal and monetary policy settings to support the economic recovery, the IMF says https://t.co/B7tOgFOBJh ...

Economic Policy & Impact - Argentine President Javier Milei's free-market overhaul aimed at revitalizing the country's struggling economy has not yet yielded the promised recovery [1] - The economic shock therapy implemented nearly two years ago has not resulted in the anticipated recovery [1]

Summary of Key Points from the Conference Call Industry Overview - **Industry**: China's manufacturing and services sectors - **Current Status**: A modest recovery is underway, as indicated by August PMIs, supported by stronger production and new orders, which helped offset weaker domestic demand from July [1][3][4] Core Insights and Arguments - **Exports**: - Container shipping to the US increased by 1.7% month-on-month (m/m) and 5.4% year-on-year (y/y) in August, despite a decline in the China Containerized Freight Index (CCFI) [3][7] - Overall outbound container shipping decreased by 0.5% m/m, while bulk shipping rose by 6.1% m/m [3][7] - Departing container ships' deadweight tonnage rose by 9.9% y/y in August [9] - **Automotive Sector**: - Auto retail sales increased by 3% y/y and 7% m/m in August, with New Energy Vehicle (NEV) sales rising by 5% y/y and 9% m/m [3][19] - Industrial production (IP) growth for autos remained stable with a slight uptick in August [3][19] - **Production Trends**: - Steel IP contraction may narrow or turn positive, primarily due to base effects [3][19] - Operating rates for tire plants showed mixed results, with declines in semi-steel tire plants and increases in all-steel tire plants [19] - **Fiscal Policy**: - Government bond issuance reached over 1.3 trillion yuan in August, consistent with the average monthly pace from January to July [3][28] - The People's Bank of China (PBOC) net increased outstanding monetary policy instruments by 386 billion yuan in August, indicating a benign liquidity condition [3][44] - **Housing Market**: - New home sales in 30 major cities fell by 9.9% y/y in August, an improvement from a 18.6% decline in July [3][57] - Secondary home sales decreased by 3.6% y/y in August, compared to a 9.5% decline in July [3][57] - Centaline's sales manager confidence index improved in late August, influenced by policy easing in major cities [3][57] - **Inflation and Commodity Prices**: - Agricultural food prices dropped by 11.6% y/y in August, while pork wholesale prices fell by 25.0% y/y [3][68] - Commodity prices showed mixed trends, with polysilicon futures remaining high and lithium carbonate prices easing [3][68] Additional Important Insights - **Monetary Policy**: - The PBOC's liquidity operations included a net liquidity withdrawal of 53.4 billion yuan via pledged open market operations (OMO) and a net injection of 300 billion yuan via outright OMO [3][44] - **Market Sentiment**: - Despite improvements in certain sectors, the overall market sentiment remains cautious, with confidence indices still below levels seen in late 2024 and early 2025 [3][57] - **Future Projections**: - The remaining government bond quota is estimated at 3.4 trillion yuan for the last four months of the year, compared to 3.8 trillion yuan for 2024 and 3.7 trillion yuan for 2023 [3][32] This summary encapsulates the key points discussed in the conference call, providing a comprehensive overview of the current state and outlook of the relevant industries in China.

Sri Lanka has staged a remarkable recovery. But for a country still grappling with the effects of an economic implosion and the scars from a 26-year civil war, that won’t be enough https://t.co/MtP5GtiJld ...

Liquidity conditions in Hong Kong resumed tightening this week with a key money-market rate climbing above a level that some analysts say may stifle a nascent economic recovery https://t.co/fv853dZCG8 ...

#报告 TS Lombard：新兴市场脆弱的经济复苏面临风险；看好中国第四季度刺激措施的影响。None (@None):None ...