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https://t.co/7NqBvqusGn pic.twitter.com/vFw5PDlKSV
— simonthong aka kitty poo (@KittyPo80176717) July 16, 2022
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Mortgage payment showdown. China's property market – an industry that accounts for about a quarter of the world’s second-largest economy – is taking a very rapid turn for the worse. 2/10https://t.co/S5nKS3FZGo
— Sofia Horta e Costa (@SofiaHCBBG) July 15, 2022
GDP miss. China's economy expanded just 0.4% in the second quarter, vs an estimated 1.4%. Import growth slowed to 1%, reflecting weak domestic demand. Exports to the rest of the world remain an important buffer, surging 18% in June. 4/10https://t.co/CukHe7nK8R
— Sofia Horta e Costa (@SofiaHCBBG) July 15, 2022
Capital outflow concerns. Chinese regulators have been asked to exercise greater caution when reviewing companies' plans for overseas spending and investment. Higher US interest rates (and a strong dollar?) are the context here. 6/10https://t.co/wnT9kDqVV7
— Sofia Horta e Costa (@SofiaHCBBG) July 15, 2022
Fuel supplies. Chinese bureaucrats studying the energy outlook are proposing to end a ban on Australian coal – imposed in late 2020 after China-Australia hostilities escalated. China will want to avoid a repeat of last year's energy shortages. 8/10https://t.co/H3ZZofaM4E
— Sofia Horta e Costa (@SofiaHCBBG) July 15, 2022
BYD and Buffett. Speculation swirls that Berkshire Hathaway may sell its 20.49% stake in the Chinese carmaker. BYD says nothing about the rumors, predicts a 207% jump in net income. 10/10https://t.co/yBPHOdnXgU
— Sofia Horta e Costa (@SofiaHCBBG) July 15, 2022
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weehingthong 