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@Edp007 North Korea and its leader Kim Jong Un pose an uncompromising challenge to the new administration. http://www.nbcnews.com/news/north-korea/analysis-what-will-trump-do-about-north-korea-s-kim-n698216 @Goldfinger $china $trump
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@newstracker China aims to cap total primary energy consumption at around 4.4 billion tons of coal equivalent in 2017, the director of the National Energy Administration said on Wednesday, close to 2016 levels as the country continues a push to use cleaner fuel. The world's biggest consumer of energy plans to lift the ratio of natural gas in its energy mix to 6.8 percent next year from 5.9 percent in 2015. The goal was to reduce coal consumption to around 60 percent of the total next year from 64 percent in 2015. http://www.reuters.com/article/us-china-energy-idUSKBN14H1EG #coal #energy #china #natgas
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@newstracker Chinese steel rebar prices have fallen more that 2 per cent, while coke and coking coal are under pressure. The most-active rebar contract for May delivery on the Shanghai Futures Exchange settled down 2.0 percent at 2,951 yuan ($424.35) per ton. Prices have been seesawing on a daily basis this week amid low turnover with major international exchanges shut for the Christmas holidays and ahead of the New Year. http://www.reuters.com/article/us-asia-ironore-idUSKBN14I0KI #steel #China
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@newstracker China has cut quotas to the nation's four oil majors by 40 per cent as part of its first round of licenses for 2017. The quotas did not include independent producers. The government said the four state majors will be allowed to sell 12.4 million tonnes of gasoline, gasoil and jet fuel abroad next year. That's down from 20.54 million tonnes in the same round this year. #Oil #China http://www.reuters.com/article/us-china-oil-products-idUSKBN14I0BD
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@newstracker Provoking rhetoric, Quoting a poem by the founder of Communist China Mao Zedong, China's government said on Wednesday that the efforts by Hong Kong and Taiwan separatist supporters to link up were doomed to fail, as they would be "dashed" to the ground like "flies." http://www.telesurtv.net/english/news/Quoting-Mao-Beijing-Warns-Those-Threatening-One-China-Policy-20161228-0025.html #china
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@newstracker #China – Central bank tightens anti-money laundering regulations for banks. - The People’s Bank of China has tightened requirements for lenders to report cross-border transactions by customers as part of stepped-up efforts to curb money laundering. - Any cross-border transfer for 200,000 yuan ($28,000) or more must now be reported as of 1st July. - Domestic cash deposits, withdrawals and transfers of 50,000 yuan or more must also be reported if believed to be suspicious. - The new rules are intended to crack down on money laundering and terrorism financing. - Meanwhile according to SocGen China is poised to abandon its 6.5% growth target sometime in the next 2 years as leaders push to contain asset bubbles and financial leverage. Source: http://www.spangel.co.uk/
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@nlepan #China – Manufacturing sector posted the strongest performance since Jan/13 in Dec/16 with “a sustained increase” in new orders. - New business growth was at its strongest since Jul/14 driven by improved local demand with new export sales unchanged last month. - Inflation climbed to the highest level since early 2011 on the back of an increase in raw input costs. http://www.spangel.co.uk/
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@newstracker The Obama administration is finalizing a study that could lead to restrictions on Chinese investment in the U.S. semiconductor sector. Recommendations include bolstering protection of an industry deemed critical to national security. Another recommendations could be a tougher stance by the Committee on Foreign Investment in the U.S., or CFIUS, a secretive multi-agency panel that reviews foreign acquisitions of U.S. assets for national security threats. http://www.wsj.com/articles/chinese-access-to-u-s-semiconductor-industry-may-be-curbed-1483397701? #semiconductors #China #USA
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@nlepan #China – spending $115bn on adding 2,100km of new rail this year - China is maintaining its budget for spending on new railways this year at US$115bn . - China is planning on adding some 2,100km of track and to electrify a further 4,000km of rail adding to its existing 124,000km rail network which includes some 19,000km of high speed rail and 5,500 rail stations. - By contrast the UK which has some opened five new railway stations last year with another four due to open in 2017 to take the total number or UK stations to 2,564 on a rail network of around 15,760km. But then China is only 40 times the size of the UK. - China’s intention to maintain its rail infrastructure development is good for iron ore and steel demand and should also be good for many other metals as the network develops and new stations are built. - The development of increasing numbers of suburban rail systems means more electrification and #copper and #aluminium usage. - The construction of increasing numbers of stations on these shorter rail links is also good for chrome and nickel for stainless steel. - Rising demand for suburban rail trains should further increase demand for aluminium, steel and stainless #steel. Source: http://www.spangel.co.uk/
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@Newton Nice @JT! Love the discussion of #China on #RealVision. Listening to Tsim Le now and very interesting perspective on #politics. Makes #Trump look reasonable... I also like talk by Ms Buchan -- she is a smart cookie!
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@Leon Beijing should know that a #Trump tweet does not necessarily mean a change in policy. ..his policy will be guided much less by a realist logic of great power rivalry. This should lead to cautious optimism for Sino-US relations in the next four years. #tradewar #China #politics www.scmp.com/comment/insight-opinion/article/2058723/how-trumps-america-first-approach-can-ease-great-power
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@nlepan #China will plow $361 billion into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power. The investment will create over 13 million jobs in the sector, the National Energy Administration (NEA) said in a blueprint document that lays out its plan to develop the nation's energy sector during the five-year 2016 to 2020 period. http://www.reuters.com/article/us-china-energy-renewables-idUSKBN14P06P #energy
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@nlepan China's top coal miners have mostly resisted pressure from Beijing to sign long-term fixed-price deals this year, in a bet that there's more money to be made in the spot market before government efforts to ease a supply crunch take effect. http://www.dailymail.co.uk/wires/reuters/article-4090396/Chinas-miners-gamble-spot-coal-despite-Beijing-pressure.html #china #coal
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@nlepan Apple Inc $AAPL has removed the New York Times Co's $NYT English- and Chinese-language news apps from its iTunes store in China following a request from the local authorities. Their removal comes just over a month after the Cyberspace Administration of China called for greater media scrutiny, citing fears of social disorder, moral harm and threats to national security. http://www.reuters.com/article/us-apple-new-york-times-china-idUSKBN14O29L #tech #china #media
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@nlepan The offshore yuan has fallen as much as 1.1 per cent in Hong Kong. Traders are expecting further drift downwards, considering the tightening of capital control risks eroding confidence in the currency to grind lower thoughout the year. https://www.bloomberg.com/news/articles/2017-01-06/trader-who-bet-on-gradual-yuan-decline-now-sees-steeper-tumble #China #yaun
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@nlepan China strengthened the renminbi’s trading range on Friday by the most in more than a decade as investors awaited data expected to show Beijing is continuing to burn through its reserves to support the currency. https://www.ft.com/content/c1630e5a-d3c5-11e6-9341-7393bb2e1b51 #china
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@Goldfinger Seasonal $gold charts via RBC: http://cdn.ceo.ca/1c6v9lt-Gold_Seasonal.png+ $China lunar new year purchases in January/February are strongest source of demand for gold globally at this time of year.
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@Goldfinger $Asian $gold bar premiums: http://cdn.ceo.ca/1c6vauk-Asian_Gold.png+ $China likes its gold bars.
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@nlepan Bitcoin Price Slips Below $900 Amid China News. The movements are the latest in a week of trading that has seen the price of the digital currency nearing all-time highs before falling nearly $200 in a matter of hours and later recovering. The price of bitcoin is averaging $899.00 across global exchanges, according to data from the CoinDesk Bitcoin Price Index (BPI). There are some concerns that Chinese regulatory involvement is causing the price drop because of a similar price plunge due to a warning issued to Chinese financial institutions back in 2013 about the crypto currency, however, it is still unclear whether this recent price drop directly correlates with a recent meeting between representatives of the People's Bank of China (PBOC) and major bitcoin exchanges this week. The PBOC did issue a warning to Chinese citizens that bitcoin is a virtual good and is not legal tender. http://www.coindesk.com/deja-vu-bitcoin-price-slips-900-amid-china-news/ #bitcoin #tech #China
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@hunter The China Railway Corporation said this week it has launched the first-ever direct rail freight service between China and London. Isn't China also building rail across S America?http://tinyurl.com/jfy8vdg #PiercePoints #silkroad #china #russia #stans #copper
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@Excelsior #Korelin Economic Report WEEKEND SHOW – SAT 7 JAN, 2017 #PRECIOUSMETALS MOVES AND IS THAT #INFLATION WE ARE SEEING? "In this weekend’s show we have a number of great guests providing an outlook on the precious metals, in terms of moves over the past few weeks and outlook for 2017. We also look at some of the data points recently that have been showing an uptick in inflation." - Segment 1 & 2: We kick of the first two segments with Jesse Felder, founder and editor of The Felder Report. We discuss his #sectors of interest for 2017 as well as a discussion on the #inflation data. - Segment 3: Managing Director at RBC Wealth Management George Gero updates us on current #gold market data – open interest, #ETF flows and international demand. - Segment 4: Fund Manager Dana Lyons looks at the $GDX and US market charts to strategize for 2017. - Segment 5: Chris Martenson, Co-Founder of Peak Prosperity, discusses the #reflation environment led by #centralbanks around the world. - Segment 6: I will be attending and speaking at the upcoming #CambridgeHouse investment show in Vancouver on January 22/23. Jay Martin explains what attendees can look forward to this year. - Segment 7 & 8: In the final 2 segments Dan Oliver, Founder of Myrmikan Research takes a look at the move in gold and #gold #stocks. We then shift focus to #China which Dan thinks is the real #BubbleConcern. http://www.kereport.com/2017/01/07/precious-metals-moves-inflation/
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@nlepan McDonald's Corp $MCD has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP $CG for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. http://www.reuters.com/article/us-mcdonalds-china-citic-idUSKBN14T0FH #China #restuarants
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@nlepan Morgan Stanley $MS and UBS Group AG $UBSG are set to raise their stakes in separate Chinese securities joint ventures to 49 percent, people with direct knowledge of the moves said, betting on strong deals momentum in the world's second-largest economy. #china #brokers http://www.reuters.com/article/us-china-banks-securities-idUSKBN14T058
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@Leon Like it or not, #China is counting on #nuclear as an integral part of its clean energy future. Despite the recent rally, there are a couple of favorite #uranium names that may have plenty of room to run over the larger term. $GXU $URG http://energyandgold.com/2017/01/11/uranium-stocks-surge-nexgen-closes-at-all-time-high/
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@nlepan China's forex regulator wants banks to keep hush on its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan's prospects to themselves. The yuan lost more than 6 percent against the dollar last year and is at eight-year lows, prompting restrictive measures on capital outflows from the State Administration of Foreign Exchange (SAFE), including setting limits on banks' currency volumes in some cities or provinces and requiring approval for ever smaller transactions. #China #forex http://www.reuters.com/article/uk-china-regulator-banks-exclusive-idUSKBN14V0CP
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@nlepan High risk insurance products, sounds like an oxymoron but in China, certain insurance firms are selling a kind of insurance that acts more like a high-yield one year term deposit. Then in turn insurers companies are taking the massive amounts of capital raised and placing it into other Chinese companies and to fund their own international expansion. China’s top stock regulator last month likened insurers to corporate raiders by pointing to the industry’s aggressive fundraising and short-term investing. He used the word “barbarians,” referring to the corporate takeovers and breakups by U.S. private-equity firms three decades ago financed with high-risk, high-yield junk debt. The use of the internet is making fund raising easier. Driven by rising sales over the internet, industry wide insurance premium income grew 20% in 2015 to over $370 billion and is projected to hit $700 billion by 2020, according to analysts at consultancy firm Oliver Wyman. #china #risk http://www.wsj.com/articles/in-china-insurers-sell-risky-products-to-fund-risky-investments-freaking-out-regulators-1484130601
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@Leon Declining silver supply ( -52.2 Moz in 2016f > page 5) is expected to be a key driver of annual deficits in #silver market prices going forward. #China #solar #photovoltaic www.silverinstitute.org/site/wp-content/uploads/2016/11/SilverInterim2016.pdf
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@Leon I've always seen #Trump as a figure of fun in opposition to #Hillary as a corrupt war-monger. Now it seems the new administration is killing several birds with one "trump". #fillTHEswamp with Cohn, Mnuchin and the Goldman Sachses, and not just a #tradeWar with #China but a real one as well. I'm sooo fed up with another US-elephant in the room!! #politics www.zerohedge.com/news/2017-01-12/china-daily-tillersons-disastrous-actions-would-set-course-devastating-confrontation
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@nlepan China's appetite for commodities does not seem to be diminishing. For 2016, shipments of oil, iron ore, unwrought copper, copper concentrates and soybeans hit all-time highs. Coal was the exception, but imports were still up by a quarter on a year ago. Oil and soybeans also hit record monthly totals in December, while coal shipments were among the highest on record and iron ore notched up the third biggest volumes for the year. http://www.reuters.com/article/us-china-economy-trade-commodities-idUSKBN14X0FR #china #commodities
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@nlepan China posted gloomy data on Friday, with 2016 exports falling 7.7 percent and imports down 5.5 percent. The export drop was the second annual decline in a row and the worst since the depths of the global crisis in 2009. http://www.reuters.com/article/us-china-economy-trade-idUSKBN14X0FD #china
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@Newton I like that #China angle there, but will also point out that China has it's own debt problems! How to include those into discussion of Western debt cycles and global monetary system?
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@Newton Will #China have a #Lehman moment? #Japan didn't... Apparently China doesn't have as large of asset bubble as other Asian economies in late '80s.
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@Newton "One belt -- One Road" $4.5T project. 30x larger than Marshall aid after WWII. 3.8B people. Facilitate #China expansion towards #Europe. Growth over the next thirty years in Asia. Hello #Pakistan! "Serious enterprise" and big way that #China may deliver medium-term growth.
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@nicholaslepan China will lower its 2017 economic growth target to around 6.5 percent from last year's 6.5-7 percent, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks. http://www.reuters.com/article/us-china-growth-idUSKBN1501G6 #China
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@nicholaslepan Forget about a US-China trade war, says Deloitte. Consultancy says real shock for Asia would be a bigger fall in Chinese yuan. http://asia.nikkei.com/Politics-Economy/International-Relations/Forget-about-a-US-China-trade-war-says-Deloitte #China
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@nicholaslepan The surge in prices of a raft of commodities in the past several months, propelled by China, will probably wane this year thanks to expanded production, according to Bank of America Merrill Lynch. https://www.bloomberg.com/news/articles/2017-01-17/don-t-get-too-excited-about-china-s-commodity-reflation-with-supply-set-to-rise? #commodities #China
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@nicholaslepan China steel, iron ore: A new year, a new bubble. Iron ore gain so far this year is about 18 per cent and the contract is around four times higher than the low reached in July 2015. The strong rallies so far this year appear to owe more to sentiment than actual demand and supply fundamentals, which raises the possibility of a repeat of last year’s medicine, tighter controls on commodity trading. http://www.theglobeandmail.com//globe-investor/investment-ideas/china-steel-iron-ore-a-new-year-a-new-bubble/article33643525/? #iron #china
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@nicholaslepan China’s housing boom ends as prices fall in top cities. House prices have fallen across most of China’s hottest property markets for the first time in almost two years, marking an end to the enormous growth that saw prices rise as much as 40 per cent last year. https://www.ft.com/content/0ae22064-dd5a-11e6-9d7c-be108f1c1dce #China #realestate #housing
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@nicholaslepan Strategic minerals - President Putin has just ordered the reopening of one of the Soviet Union’s tungsten mines - The move may well be motivated by raised potential for a trade war between the US and China which may see China restrict the export of strategic minerals such as tungsten, lithium, rare earth metals etc.. - #China restricted supplies of rare earth metals to Japan over a territorial dispute and it is likely that similar tactics may be employed again - If the world enters a new era of ‘Cold War’ trade tactics then more governments may feel the need to stimulate the construction of new mines and processing plants to protect local industries from being cut out of the supply chains which they have so long taken for granted. Source: http://www.spangel.co.uk/
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@nicholaslepan Chinese coal miners are so determined to cash in on a window of high prices that many are slashing holiday leave for workers and raising pay through the Lunar New Year celebrations before government introduces limits on output again. #China #coal http://www.reuters.com/article/us-china-economy-coal-idUSKBN1540SC
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@nicholaslepan China-Vancouver air travel is soaring, despite B.C.’s foreign homebuyers tax. With the addition of a sixth Chinese airline, “YVR now has more mainland Chinese carriers than any airport in North America or Europe.” http://www.canadianbusiness.com/economy/china-vancouver-air-travel-soaring-despite-home-buyers-tax/ #Vancouver #china
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@nicholaslepan China’s first aircraft-carrier bares its teeth. For Admiral Wu Shengli, the commander of China’s navy since 2006, it must have been a sweet swansong to mark his imminent retirement. In November China announced that its first and only aircraft-carrier, the Liaoning, was combat ready. http://www.economist.com/news/china/21715036-should-anyone-be-scared-chinas-first-aircraft-carrier-bares-its-teeth? #China
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