News
China exports slump in July as global demand slows
www.telegraph.co.uk
[Telegraph.co.uk] exports slumped by 11.6pc during the same period. "Given this backdrop, the 1pc year-on-year from China merely reconfirmed that the severe headwind from the euro zone crisis and the US slowdown is blowing harder," said Wei Yao at Societe Generale.
Chinese economic slowdown raises stimulus hopes
citywire.co.uk
[Citywire.co.uk] - Wei Yao of Societe generale commented today: 'China's economy is ever more diminished, which makes the task of domestic economic rebalancing ever more urgent.' Jun Ma of Deutsche Bank said: 'The combination of weaker external demand and sluggish
Google News: China loans disappoint; RRR cut seen 'in days'
[emergingmarkets.org] - “For the local governments, the major source of funding is bank lending,” Wei Yao, China economist, at Societe Generale told Emerging Markets. “I think [the banks] are giving loans but not as much as before.” Yao said that a string of local governments
Google News: Air China: Hardly Landed or Landed Hard?
[Wall Street Pit] - Wei Yao from Societe Generale said: “The bottoming-out process is taking even longer than we anticipated. The easing policies announced so far have not fully passed through to the real economy. Reflating the credit bubble and building a few more ghost
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