Friday, 17 November, 2017

China Posts Moderate Economy Growth

October Data Suggest Softer Economic Growth China Oct factory output growth slows, retail sales miss expectations
Bennie Garza | 14 November, 2017, 19:11

Industrial output rose 6.2% in October from a year earlier, missing analysts' estimates of a 6.3% gain and down from a 6.6% increase in September.

China produced 283.54 million tonnes of coal in October, up 1.5 percent from a year ago, the data from the National Statistics Bureau showed. (Note that previous year, October retail sales disappointed consensus while November surprised sharply to the upside.) Also, while this shopping spree was initiated by online shops, increasingly traditional stores are being forced into offering discounts on the day to stay in competition. According to a researcher at Bank of China Ltd.'s Institute of International Finance in Beijing, Gao Yuwei, "Today's data look a little slower because we had better readings in September, but it doesn't indicate the economy's going down", and "China will end the year with a good performance".

Chinese industrial enterprises reported total profit of 5.58 trillion yuan ($840 billion) in the first nine months of the year, up by 22.8 percent year-on-year.

But the world's second-largest economy has started to show signs of fatigue, with momentum seen slackening further as Beijing's crackdown on debt risks curbs demand and tighter pollution rules hits factory output.

Gross domestic product grew 6.8 percent in the third quarter, a touch slower than the 6.9 percent pace in the first two quarters.

Economic growth is within a reasonable range, Liu Aihua, a spokeswoman at NBS, told reporters. Analysts say that fiscal stimulus might also be pared back. "However, these drags continue to be partly offset by still strong infrastructure spending". This distortion is becoming larger with the rapid growth of online sales - Alibaba's single day sales reached Rmb168 bn this year, up 39.4% from last year. "But this support seems unlikely to last given that local governments are set to reduce spending in the final months of the year in order to meet budget targets". "The economy is fundamentally strong in other areas.industrial production is only moderating, it's still at really high levels", SHKF's Short said.

Recommended

  • Oscar De La Hoya Challenges Conor McGregor To A Fight

    Oscar De La Hoya Challenges Conor McGregor To A Fight

    However, he seems to have changed his tune and is keen to face McGregor himself in a fantasy fight that could generate millions. McGregor - who remains under contract to UFC - is yet to respond to De La Hoya's comments.
    New MSO McLaren 720S unveiled ahead of Dubai motor show debut

    New MSO McLaren 720S unveiled ahead of Dubai motor show debut

    The gearshift paddles and steering wheel gain a gold-coloured satin finish that's repeated on the inside of each door. The phrase reads: "Life is measured in achievement, not in years alone", a quote by McLaren's founder, Bruce McLaren.
    Earliest known evidence of winemaking found

    Earliest known evidence of winemaking found

    It's thought the prehistoric imbibers of Georgia may have stored their wine in large jars underground, leaving them to ferment. What's more, it was decorated with blobs that the researchers say could be meant to depict clusters of grapes.
  • Drogba: Chelsea Legend To Retire At End Of Season

    Drogba: Chelsea Legend To Retire At End Of Season

    In April, Drogba explained: "Roman Abramovich always made the right decision, even when it was the most hard decision". Drogba has been playing for Phoenix since the turn of the year, where he has scored 10 times in his 14 appearances.
    Strangers 'can use smart toys to message children'

    Strangers 'can use smart toys to message children'

    The brightly coloured talking robot uses Bluetooth to pair with a phone or tablet through an app, but the connection is unsecured. The I-Que Intelligent Robot, has previously featured on Hamleys top toys Christmas list and is available from Argos and Hamleys.
    Bombardier in talks with EgyptAir for $1.1 bln CSeries deal

    Bombardier in talks with EgyptAir for $1.1 bln CSeries deal

    Earlier this month an unnamed European airline said it meant to buy at least 31 of the C-Series planes. Its presence is "adding confidence about the long-term success of the program", he said November 2.
  • Bagley already making history at Duke

    Bagley already making history at Duke

    But Duke (2-0) will have its hands full Tuesday against a team that returns the majority of its rotation players from last season. The Blue Devils got big contributions from its freshmen starters and Allen, who averaged 20 points through the first two games.
    Justice League Is Already Under Fire For an Extremely Disappointing Reason

    Justice League Is Already Under Fire For an Extremely Disappointing Reason

    But before we get to see another Gal-power movie (lol), she'll be gracing the silver screen as Diana Prince in Justice League . She was also joined at the event by her Wonder Woman co-star Connie Nielsen .
    Cristiano Ronaldo wants Real Madrid exit?

    Cristiano Ronaldo wants Real Madrid exit?

    Ronaldo would like to leave on June 30 and has made his intentions clear to the Madrid hierarchy. Ronaldo has endured a hard start to the current campaign, with just one La Liga goal all season.
  • Walt Disney Company (The) (DIS) PT Lowered to $103.00 at Loop Capital

    DIS is rated as a Sell using the approach to investing of Louis Navellier and his Portfolio Grader stock evaluator. Finally, Scopus Asset Management L.P. grew its stake in Walt Disney Company (The) by 275.0% in the 1st quarter.

    This is what analysts have to say about Extra Space Storage, Inc

    The Firm owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The stock rose 0.54% or $0.62 reaching $114.76. (NYSE:EXR) earned "Hold" rating by Cantor Fitzgerald on Wednesday, November 1.
    Over 15000 scientists issue warning to humanity

    Over 15000 scientists issue warning to humanity

    For the other factors that went into the warning, the quarter-century since has not been as productive - not by a long-shot. Humanity is now being given a second notice, as illustrated by these alarming trends.

Wolfenstein 2: Microsoft Xbox One X vs Sony PS4! Wolfenstein 2: Microsoft Xbox One X vs Sony PS4! You can head over to the Black Friday page on Microsoft's website to find out more about the many deals that it's offering. Now through November 18: Get an Xbox One S console starting at $249, and choose an additional game as a bonus.

'I'm the assistant district attorney': Now she's not, after Uber driver attacked 'I'm the assistant district attorney': Now she's not, after Uber driver attacked Platt said he ended the ride after the confrontation, called the police and asked her to get out. Jesus Christ, I'll make sure Uber knows what an [expletive] joke you are".

Delta Air Lines (DAL) Receiving Somewhat Favorable Media Coverage, Analysis Finds It worsened, as 71 investors sold DAL shares while 275 reduced holdings. 90 funds opened positions while 249 raised stakes. The stock has "Outperform" rating by Evercore on Thursday, March 16. (REIT) (NYSE:RHP) to report earnings on February, 27.

Shore Capital Reaffirms Buy Rating for Ladbrokes Coral Group PLC (LAD) Shore Capital Reaffirms Buy Rating for Ladbrokes Coral Group PLC (LAD) Marketwatch.com's news article titled: "133.00" with publication date: November 04, 2016 was also an interesting one. Ladbrokes Coral Group PLC has a 12-month low of GBX 110.30 ($1.45) and a 12-month high of GBX 139.30 ($1.83).

FDA approves pill with sensor to digitally track medication ingestion FDA approves pill with sensor to digitally track medication ingestion Prior to patient use, the FDA urges healthcare providers to ensure that the patient is able to use the system. Patients can also allow their physicians and caregivers access to their data through the internet.

Amazon Music now supports Chromecast on Android devices Amazon Music now supports Chromecast on Android devices It's also not of much interest to Amazon Prime members who already get Amazon Music Unlimited included in their package. People wanting to give Music Unlimited a go will also have to have an Amazon account as well.

Sun Pharmaceutical's profit slumps 59% on declining U.S. sales Sun Pharmaceutical's profit slumps 59% on declining U.S.  sales Sale of branded formulations in India for Q2FY18 was Rs. 2,221 crores, up 11 percent and accounted for 34 percent of total sales. However, that was better than the INR8.27 billion estimated by analysts polled by Thomson Reuters .

Amazon to produce 'Lord of the Rings' TV series Amazon to produce 'Lord of the Rings' TV series Amazon justifies its spending on programming as a way to draw new sign-ups to Prime, whose members buy more goods more often from the world's largest online retailer.

Saif Ali Khan gifts Taimur a swanky Jeep worth Rs 1.30 crore Saif Ali Khan gifts Taimur a swanky Jeep worth Rs 1.30 crore Of how he plans to make Children's Day celebration special for his kids, Saif said: "I think every day is Children's Day". I think Taimur will love the colour, nice cherry red jeep.

Act surprised: OnePlus phones have a hidden backdoor Act surprised: OnePlus phones have a hidden backdoor The user can access manual tests like root status test, Global Positioning System test or the main activity by sending a command. Unlike the user data collection issue, this new PR headache might not be entirely OnePlus's fault.

Legends Raise Over $70k For Hero Cyclist Fired After Flipping Off Trump Legends Raise Over $70k For Hero Cyclist Fired After Flipping Off Trump When asked by the Washington Post whether she regrets her actions, she replied like the American hero she is: "I'd do it again". Virginia is an employment-at-will state, meaning employers can fire people anytime and for any reason. "I am appalled.

Telangana ASI Takes Massage From Woman Home Guard, Video Goes Viral Telangana ASI Takes Massage From Woman Home Guard, Video Goes Viral A policeman in Telangana was caught on camera taking a massage from a woman home guard inside the police station. This is the second such incident reported from the state this month, according to the Hindustan Times .

Geely Acquires Flying Car Startup Terrafugia Geely Acquires Flying Car Startup Terrafugia The Chinese automaker has acquired a U.S. company trying to bring a flying vehicle to market in 2019. The company's first product will be the Transition , which is promised for a market launch in 2019.

Oreo reaches 0.3% of the Android market in latest distribution chart Oreo reaches 0.3% of the Android market in latest distribution chart Older Pixel and Nexus devices have been updated while other OEMs are in the very early stages of testing betas and previews. According to the latest data released by Google , the latest operating system has only reached 0.3 percent of the device.

The Early 2018 World Series Favorites The Early 2018 World Series Favorites People expected this young Yankees team (which still has more significant talent on the way from AAA) to start competing in 2018. Taking into account a few articles and odds listings that are already out there, here’s our look at the top contenders. 1.