Bloomberg: China's Macro Figures for August are Unsettling
China's August economic activity data released on Saturday signaled a continued weakening and was alarming.
Growth rates in industrial production and consumption (retail sales) slowed more than expected. The same happened to fixed asset investment, the main tool through which loose monetary policy stimulates the economy.
Of particular concern is the slowdown in Chinese retail sales growth (to 2.1% YoY against the consensus forecast of 2.5% and against 2.7% YoY in July).
As for China’s manufacturing activity (+4.5% YoY vs. consensus forecast of 4.7% and vs. 5.1% YoY in July), it is worth noting the strong performance of electric vehicle production, while most other industrial sectors showed a slowdown.
High-tech sectors demonstrated a decent inflow of fixed capital investment (+10.2% YoY in the first 8 months of the year), while other sectors substantially lagged behind.
What Will Happen to Nio over the Next Three Years?
From 2023 to 2026, analysts expect Nio's revenue to grow at a CAGR of 27% to 115 billion yuan ($16.4 billion) as it narrows its annual net loss to 9.38 billion yuan ($1.34 billion).
China's Central Bank Unveils Most Aggressive Stimulus Since Pandemic
On Tuesday, China's central bank unveiled its biggest stimulus since the pandemic: to pull the economy out of its deflationary funk and back towards the government's growth target.
There’s Even Greater Upside for Silver Than It’s for Gold, Once the Latter Confirmed an Upward Trend
Gold's breakout suggests a potential 2-3 year run to $3,500, with silver likely following, potentially reaching $88 per ounce.
