Xi Jinping, China's president, says real estate is for housing, not for a savings account. But some provincial leaders are relaxing rules on second and third homes as a way to stimulate the economy without pumping Great Recession-era credit into the market. Photographer: Christophe Morin/Bloomberg photo credit: © 2019 Bloomberg Finance LPIt's been a good run for China's A-shares, the best performing emerging market asset class this year.
Investors are selling out of China's mainland equity markets after a 40% run-up in prices this year. Photographer:Zhu Gang/Bloomberg News. photo credit: BLOOMBERG NEWSThe People's Bank of China recently reaffirmed its aversion to Great Recession-era stimulus, something both Xi Jinping and his economic frontman Li Keqiang have come out against all year. The market largely was not buying it and made the right call as China did indeed flood the zone with new loans.
There is no explicit announcement of bank lending quotas, but Keqiang said during the"Two Sessions" meetings back in March that he wanted government banks to lend more money to small and mid-sized businesses. That seems to have happened even before he made that announcement. "We are going to move our portfolio based on valuation," says Andrew Miller, CIO for emerging market equity at Mondrian Investment Partners.
Xi Jinping once said that “houses are for living in, not speculation.” But local leaders are not seeing it that way.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Stock Market Gets Tired, As Xi Jinping Looks To Be Losing His Housing BattleIt's been a good run for China's A-shares, the best performing emerging market asset class this year. But mainland China stocks are getting tired—and investors are cashing out
Source: Forbes - 🏆 394. / 53 Read more »
Russia Now Best Stock Market After China, But Investors Still ColdRussia stock market has hit an all-time high. But don't thank Robert Mueller for that. Russia, cold hahahaha get it?
Source: Forbes - 🏆 394. / 53 Read more »
Stock market opens slightly higher as investors prepare for earnings seasonStocks opened with small gains Thursday, with investors awaiting the unofficial kickoff of first-quarter earnings season Friday with the release of results...
Source: MarketWatch - 🏆 3. / 97 Read more »
A tragedy is unfolding in the stock market that should worry both bulls and bearsWhen this rally runs out of steam, the ensuing crash could topple the economy, warns Sven Henrich. NorthmanTrader talking heads. you can find people on both sides of the equation. which ever way the market goes then one will claim they were right when actually no one knows where the market will head. NorthmanTrader This is MUST READ really. Big food for thought. markets investing $SPY $DIA $QQQ NorthmanTrader We are all going to die. The question is how, when and where.
Source: MarketWatch - 🏆 3. / 97 Read more »
Donald Trump: The stock market should be as much as 10,000 points higherThe value of the U.S. stock market has risen by $9.1 trillion, or 35.6%, since Election Day in 2016, according to Wilshire Associates. For President Donald... It will be in the next round of QE and nirp when asset prices surge temporarily but become much less valuable and the USD crashes Thanks for updates marketwatch realDonaldTrump Try to convince people who are large bank and company CEOs to buy more stocks than bonds “We are all in bonds” is what DavidSolomon said in a GoldmanSachs video a few months ago - this may change perhaps he needs to diversify with his new job but it could help
Source: MarketWatch - 🏆 3. / 97 Read more »
Cramer: Boeing, Nike, Apple, other stocks illustrate the resiliency of this stock marketJim Cramer breaks down the latest action on Wall street and explains why certain stocks have risen when analysts said they would fall. Which means they’ll soon tank, given his record.
Source: CNBC - 🏆 12. / 72 Read more »
Some optimistic corporate outlooks in the week ahead could lift the stock market to a recordIt's now up to corporate America to reveal whether the U.S. economy simply hit a soft patch this winter, as many suspect, or is on the verge of falling into an even deeper rut. Earnings are optimistic... WUT?
Source: CNBC - 🏆 12. / 72 Read more »
Millennials are worried that a stock-market crash could derail the US economyUS millennials see a stock-market crash as a key risk to the economy while Older Americans are more concerned about terrorism and geopolitical events.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow transports soar to buck broader stock market slump, led by CSX and United ContinentalThe Dow Jones Transportation Average soared 120 points, or 1.1%, in midday trade, as better-than-expected earnings reports helped the transportation sector...
Source: MarketWatch - 🏆 3. / 97 Read more »