Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Octa trading broker
Buka akaun dagangan
Back

China: Medium-term challenges remain – Danske Bank

Research Team at Danske Bank, suggests that while China is experiencing a cyclical recovery in the short term, challenges remain in the medium term.

Key Quotes

“May data for fixed asset investment surprised on the downside despite a pick-up in planned projects, suggesting that overcapacity is still weighing on investment activity in many areas.

Another increasing concern in China is the continued rapid build-up of debt. It is not so much the level that is worrying. While 250% of GDP sounds high, this is actually similar to countries such as the US, UK, France and Italy. However, what it worrying is the speed at which the debt keeps rising and that it has happened alongside a sharp downturn in the economy, leaving question marks over where the credit is actually going. China needs to transition to growth and become less dependent on debt and it is unclear how it will pull this off.

Another concern is that non-performing loans will rise sharply and cause a financial crisis. We do not believe the short-term risk of a financial crisis is high as the financial system in China is dominated by big state-owned banks that will not ‘crunch credit’ unless the government allows it. But of course a concern is that adding debt could lead to much higher losses in the future, creating a situation that eventually gets out of control if confidence erodes in the short-term financing channels for the banks and the tap is cut off. The concern over debt is also in itself making companies more cautious, leading to less inflow of productive capital.

The continued rebalancing away from industry-driven growth towards services is another challenge. It requires the closure of zombie companies and a move of labour from inefficient state companies with overcapacity to jobs in the service sector and in high tech industries. This is not a trivial task.

Finally, China continues to struggle with balancing the housing market and avoiding bubbles. On the one hand, China is faced with a significant oversupply of some areas and, on the other, house prices are again shooting up in an uncontrollable way in the big cities with annual increases of 30%. Regional bubbles could spell trouble in the future.”

 

Global reserves have fallen markedly among China and oil exporters - SocGen

Alvin T. Tan, Research Analyst at Societe Generale, suggests that the global reserves picture is difficult to generalise and the reserves have fallen
Baca lagi Previous

RBA Minutes: August cut still a close call – ANZ

Research Team at ANZ, suggests that the tone and language used in the RBA minutes were very similar to that used in the post meeting statement, sugges
Baca lagi Next