While it will hardly come as a surprise to anyone following China’s dismal attempts at reflating the economy, which on Monday we learned translated into the lowest Aggregate Financing print since the series was established…
Why the Ilhan Omar saga isn’t going away
Christian group touts ‘ethical’ tech features as concerns over out-of-control AI tools persist
CodePink leader adds muscle to well-funded fight to ban restaurant delicacy
How to follow 2026 Election Day coverage on Fox News platforms
Tinder killer who believed he was a warlock said he ‘picked the wrong person’ after murdering woman
Virginia’s Dem AG Calls AR-15 Rifles ‘Machine Guns’ in Stunningly Ignorant Brief to SCOTUS
Report: ‘Presbyterian Seminarian’ Talarico Had Account On Adult Hookup Website, Was Looking for ‘Group Sex,’ ‘Fetish’ Partners
Manning: The Truth About Why Dems Demand Endless War in Ukraine Is So Much Worse Than Almost Anyone Imagines
Gavin Newsom touts ‘ruthless’ approach to politics in New Hampshire pitch
Questions still haunt Houdini’s Halloween death 100 years later
Violence Against Christians Claims More Lives as 40 or More Ethiopians Slaughtered, at Least 2 Churches Attacked
Trump admin threatens Iran with ‘consequences’ as allies convene amid threats of post-election escalation
Why Keisha Lance Bottoms is trailing Jon Ossoff in Georgia
Watch: Muslim Debater Begs Security to Remove Christian Apologist After He Tells the Truth About Islam
Will Republicans distance themselves from Trump after the midterm elections?
Source: Bloomberg
… reaffirming Beijing’s impotence at stimulating the all-important credit impulse which is barely above cycle lows…
Why the Ilhan Omar saga isn’t going away
Christian group touts ‘ethical’ tech features as concerns over out-of-control AI tools persist
CodePink leader adds muscle to well-funded fight to ban restaurant delicacy
How to follow 2026 Election Day coverage on Fox News platforms
Tinder killer who believed he was a warlock said he ‘picked the wrong person’ after murdering woman
Virginia’s Dem AG Calls AR-15 Rifles ‘Machine Guns’ in Stunningly Ignorant Brief to SCOTUS
Report: ‘Presbyterian Seminarian’ Talarico Had Account On Adult Hookup Website, Was Looking for ‘Group Sex,’ ‘Fetish’ Partners
Manning: The Truth About Why Dems Demand Endless War in Ukraine Is So Much Worse Than Almost Anyone Imagines
Gavin Newsom touts ‘ruthless’ approach to politics in New Hampshire pitch
Questions still haunt Houdini’s Halloween death 100 years later
Violence Against Christians Claims More Lives as 40 or More Ethiopians Slaughtered, at Least 2 Churches Attacked
Trump admin threatens Iran with ‘consequences’ as allies convene amid threats of post-election escalation
Why Keisha Lance Bottoms is trailing Jon Ossoff in Georgia
Watch: Muslim Debater Begs Security to Remove Christian Apologist After He Tells the Truth About Islam
Will Republicans distance themselves from Trump after the midterm elections?
Source: Bloomberg
… tonight’s macro data dump from China is expected to show continued slowing from Q3’s disappointing GDP print.
Bloomberg Economics’ Chang Shu notes that the October activity data are likely to show weakness continuing to spread across China’s economy, as companies adjusted to an additional 15% U.S. tariffs on $110 billion of Chinese goods in September.
- China Industrial Production MEET +5.6% YoY vs +5.6% YoY Exp
- China Retail Sales MISS +7.2% YoY vs +7.8% Exp
- China Fixed Asset Investment MISS +5.2% YoY vs +5.4% Exp.
- China Property Investment FELL to +10.3% YoY from +10.5% YoY
- China Surveyed Jobless Rate FELL to 5.1% from 5.2%
Why the Ilhan Omar saga isn’t going away
Christian group touts ‘ethical’ tech features as concerns over out-of-control AI tools persist
CodePink leader adds muscle to well-funded fight to ban restaurant delicacy
How to follow 2026 Election Day coverage on Fox News platforms
Tinder killer who believed he was a warlock said he ‘picked the wrong person’ after murdering woman
Virginia’s Dem AG Calls AR-15 Rifles ‘Machine Guns’ in Stunningly Ignorant Brief to SCOTUS
Report: ‘Presbyterian Seminarian’ Talarico Had Account On Adult Hookup Website, Was Looking for ‘Group Sex,’ ‘Fetish’ Partners
Manning: The Truth About Why Dems Demand Endless War in Ukraine Is So Much Worse Than Almost Anyone Imagines
Gavin Newsom touts ‘ruthless’ approach to politics in New Hampshire pitch
Questions still haunt Houdini’s Halloween death 100 years later
Violence Against Christians Claims More Lives as 40 or More Ethiopians Slaughtered, at Least 2 Churches Attacked
Trump admin threatens Iran with ‘consequences’ as allies convene amid threats of post-election escalation
Why Keisha Lance Bottoms is trailing Jon Ossoff in Georgia
Watch: Muslim Debater Begs Security to Remove Christian Apologist After He Tells the Truth About Islam
Will Republicans distance themselves from Trump after the midterm elections?
This is the equal weakest retail sales growth since 2003 and weakest Fixed-Asset Investment growth since 1998..
Source: Bloomberg
This data confirms that China’s economy slowed further in October, signaling, as Bloomberg’s Miao Han notes, that policy makers’ piecemeal stimulus is failing to boost output and investment amid ongoing trade tensions with the U.S. and subdued domestic demand.
As a reminder, there was the surprising divergence in the two manufacturing PMI readings, with the “official” version weakening, and the Caixin-labeled version strengthening.
Why the Ilhan Omar saga isn’t going away
Christian group touts ‘ethical’ tech features as concerns over out-of-control AI tools persist
CodePink leader adds muscle to well-funded fight to ban restaurant delicacy
How to follow 2026 Election Day coverage on Fox News platforms
Tinder killer who believed he was a warlock said he ‘picked the wrong person’ after murdering woman
Virginia’s Dem AG Calls AR-15 Rifles ‘Machine Guns’ in Stunningly Ignorant Brief to SCOTUS
Report: ‘Presbyterian Seminarian’ Talarico Had Account On Adult Hookup Website, Was Looking for ‘Group Sex,’ ‘Fetish’ Partners
Manning: The Truth About Why Dems Demand Endless War in Ukraine Is So Much Worse Than Almost Anyone Imagines
Gavin Newsom touts ‘ruthless’ approach to politics in New Hampshire pitch
Questions still haunt Houdini’s Halloween death 100 years later
Violence Against Christians Claims More Lives as 40 or More Ethiopians Slaughtered, at Least 2 Churches Attacked
Trump admin threatens Iran with ‘consequences’ as allies convene amid threats of post-election escalation
Why Keisha Lance Bottoms is trailing Jon Ossoff in Georgia
Watch: Muslim Debater Begs Security to Remove Christian Apologist After He Tells the Truth About Islam
Will Republicans distance themselves from Trump after the midterm elections?
Source: Bloomberg
Dow futures are exuberantly surging overnight as yuan continues to slide – disagreeing vehemently over the chances of a US-China trade deal after their joint celebrations last week…
Source: Bloomberg
Finally, as we just noted, The National Institution for Finance and Development (NIFD) on Wednesday said that China’s economic growth rate will slow to 5.8% in 2020 from an estimated 6.1% this year, a number which is already quite ambitious, not to say artificially goalseeked.
Why the Ilhan Omar saga isn’t going away
Christian group touts ‘ethical’ tech features as concerns over out-of-control AI tools persist
CodePink leader adds muscle to well-funded fight to ban restaurant delicacy
How to follow 2026 Election Day coverage on Fox News platforms
Tinder killer who believed he was a warlock said he ‘picked the wrong person’ after murdering woman
Virginia’s Dem AG Calls AR-15 Rifles ‘Machine Guns’ in Stunningly Ignorant Brief to SCOTUS
Report: ‘Presbyterian Seminarian’ Talarico Had Account On Adult Hookup Website, Was Looking for ‘Group Sex,’ ‘Fetish’ Partners
Manning: The Truth About Why Dems Demand Endless War in Ukraine Is So Much Worse Than Almost Anyone Imagines
Gavin Newsom touts ‘ruthless’ approach to politics in New Hampshire pitch
Questions still haunt Houdini’s Halloween death 100 years later
Violence Against Christians Claims More Lives as 40 or More Ethiopians Slaughtered, at Least 2 Churches Attacked
Trump admin threatens Iran with ‘consequences’ as allies convene amid threats of post-election escalation
Why Keisha Lance Bottoms is trailing Jon Ossoff in Georgia
Watch: Muslim Debater Begs Security to Remove Christian Apologist After He Tells the Truth About Islam
Will Republicans distance themselves from Trump after the midterm elections?
This, as the SCMP notes, is at the bottom end of China’s target range of 6 to 6.5% growth for 2019, and further indicates the continued downward pressure on the economy from the trade war with the United States as well as domestic headwinds.
“The economic slowdown is already a trend,” said former central bank adviser Li Yang, who heads the institute that is affiliated to the Chinese Academy of Social Sciences (CASS).
“We must resort to deepened supply-side structural reform to change it or smooth the slowdown, rather than solely rely on monetary or fiscal stimulus.”
The institute’s forecast is in line with the International Monetary Fund, and indicates the challenge that policymakers face to achieve the above 6% growth rate needed in 2019 and 2020 to reach the government’s goal of doubling GDP in 2020 compared to its 2010 level.
As a reminder, a GDP growth rate below 6% would be the first time since the aftermath of the 1989 Tiananmen crackdown.
Finally, we note that Navarro and his trade hawks in the White House will be pleased at these weak numbers. President Trump has repeatedly said that China needs a deal more than the U.S. does, and these numbers as leverage in their negotiations.
Story cited here.
