First Insights: China: Trade slows but the growth recovery remains on track
First Insights: China: Trade slows but the growth recovery remains on track
Export growth slowed to 2.9% y-o-y in November from 11.6% in October (Consensus 9%, Nomura 7%), while import growth slowed to 0% from 2.4% (Consensus 2.0%, Nomura 0%).
Eco Analysis - The Chinese economy is undoubtedly heating up (W. Yao)
Eco Analysis - The Chinese economy is undoubtedly heating up (W. Yao)
■ Inflation advanced but less than expected
China's consumer price inflation came in slightly below expectations at 2.0%yoy in November (Cons. & SG 2.1%), up from 1.7%yoy in October. The 0.4ppt increase was a result of a 1.2pp increase in food inflation to 3.0%yoy. Within the non-food components, housing inflation moved up marginally to 2.6%yoy from 2.5%yoy, while other categories unexpectedly softened to 1.2%yoy from 1.4%yoy, according to our calculation.
Advice, Laozi, Dao De Jing
- 老子, 道德經
So it is that the sage, wishing to be above men, puts himself by his words below them, and, wishing to be before them, places himself behind them.
- Laozi, Dao De Jing
Advice, Laozi, Dao De Jing
- 老子, 道德經
Abstaining from speech marks him who is obeying the spontaneity of his nature. A violent wind does not last for a whole morning; a sudden rain does not last for the whole day.
- Laozi, Dao De Jing
Advice, Laozi, Dao De Jing
- 老子, 道德經
The sage manages affairs without doing anything, and conveys his instructions without the use of speech.
- Laozi (老子, 604 BC-? ), Dao De Jing
http://ctext.org/dao-de-jing
Female, Laozi, Dao De Jing
- 老子, 道德經
The valley spirit dies not, aye the same; The female mystery thus do we name.
- Laozi (老子), Dao De Jing (道德經)
http://ctext.org/dao-de-jing
Asia Insights: China: The PMI continued to improve in November
Fixed Income | Asia Ex-Japan
NOMURA
02 December 2012
Asia Insights: China: The PMI continued to improve in November
·China’s official PMI rose further to 50.6 in November from 50.2 in October, lower than the consensus forecast of 50.8.
·Both the new orders and the production sub-indices continued to improve.
·This lends further support to our view of a strong economic rebound in Q4.
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