Tag: china slowdown

Trump’s tariff reprieve and trade war de-escalation lifted metal and mining stocks. Alcoa and Freeport-McMoRan have gained 25.8% and 12.8% in September.

China was a good sourcing destination for US companies. Overall, China was cost-effective. However, President Trump’s tariffs have changed the equation.

China, the world’s largest automotive market, has more bad news for automakers. The slump in China's auto sales refuses to die down.

The US-China trade war has taken a toll on the Chinese economy. In August, China’s producer price index fell to its lowest level in three years.

US President Donald Trump announced new tariffs on Chinese products. Most Chinese products could be weighed down by Trump's tariffs before 2020.

Today, China announced a reserve ratio cut for banks. The People’s Bank of China lowered the reserve ratio by 50 basis points for all banks.

China’s August manufacturing PMIs have diverged. While Caixin/Markit data shows expansion, the official PMI shows contraction has continued.

Tesla announced price hikes in China. The Model X is 2.4% higher at 809,900 yuan. The Model 3 long-range dual-variant model rose 2.3% to 439,900 yuan.

China’s economy is slowing considerably, which isn't news. Every new data point coming out of the country corroborates this slowdown.

China's slowdown is becoming more apparent in its latest economic data. Previously, Chinese authorities disputed that the trade war was hurting the economy.