Guinness Atkinson China & Hong Kong

Chinese exports in US dollar terms fell 7.7% in 2016 compared to 2015, making it the worst decline since 2009.

In the first four months of the year, China’s retail sales rose 10.3% year-over-year to 10.3 trillion yuan ($1.6 trillion).

China’s MNI Business Sentiment Indicator expanded to 50.5 in April due to stimulus measures from Chinese authorities to boost economic growth.

China’s SSE (Shanghai Stock Exchange) Composite Index was nearly flat from March 31, 2016, to April 7, 2016, and ended at 3,008.4 on April 7.

The Caixin China Manufacturing PMI rose to 49.7 in March—its highest level 13 months—from 48.0 in February, indicating deterioration in operating conditions.

China’s exports fell sharply by 25.4% YoY (year-over-year) in February—compared to a decline of 11.2% in January. It was the largest decline since May 2009.

China’s MNI business sentiment indicator fell to 49.9 in February from 52.3 in January.

China’s exports fell sharply by 11.2% year-over-year (or YoY) in January as compared to a decline of 1.4% in December.

The Year of the Monkey is believed to be energetic and positive. Leading up to the New Year, the Shanghai Stock Exchange Composite Index was flat for the week ending February 5 and closed at 2,763.49 points.

China’s MNI Business Sentiment Indicator fell to 52.3 in January from 52.7 in December. The overall indicator fell, but production and new orders rose in January.

Mark Mobius believes Chinese markets are volatile because the government is trying to achieve stability and to keep the markets free from capital controls.

China’s MNI Business Sentiment Indicator rose 5.6% to 52.7 in December—above the neutral level of 50 and also higher than November’s reading of 49.9.

With the slowdown in Chinese local and foreign sales, an increase in China’s retail sales becomes the bright spot in the country’s economy.

Several hedge fund managers share the same view about Chinese markets and are losing faith in China’s ability to turn its economy around.

The Caixin China Manufacturing PMI was 48.6 in November, slightly up from 48.3 in October, as manufacturing units signaled stabilized output in November.

In November, China’s MNI Business Sentiment Indicator fell 10.3% to 49.9—below the neutral level of 50. It was also lower than the October reading of 55.6.

The SSE Composite Index fell 0.25% and closed at 3,580.8 points for the week ended November 13, 2015. The SSE Composite Index was down after most of China’s macroeconomic indicators pointed to a slowdown.

China’s consumer price index (or CPI) rose to 1.6% year-over-year in September, mainly due to higher food prices and not improvement in economic activity.

The SSE Composite Index was up by 0.6% from October 16 to October 23, 2015, and ended at 3,412.43 points on the week ended October 23, 2015.

The goal of the Guinness Atkinson China and Hong Kong Fund aims for long-term capital appreciation by investing in securities of China and Hong Kong.