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iShares China Large-Cap ETF (FXI)

  • Apr. 9, 2012, 2:54 PM
    "The economy is just sucking wind right now," says an anonymous Chinese auto industry exec, making it clear which set of manufacturing surveys (one showing expansion, the other contraction) he's buying. "All the bullets were spent a couple of years ago," says an economist arguing the government has little in its policy arsenal to turn things around.
    | Apr. 9, 2012, 2:54 PM | 1 Comment
  • Apr. 9, 2012, 11:28 AM
    Being bearish on China-related investments is in no way analogous to long-term bearishness on the country's economy, writes The Real Interloper. He sees little evidence China will avoid the "investment bubble/collapse/steady growth" process so common throughout economic history.
    | Apr. 9, 2012, 11:28 AM | Comment!
  • Apr. 8, 2012, 9:47 PM
    Chinese March CPI rises 3.6% Y/Y vs. expectations of 3.3% (3.2% previous). Shanghai -0.8% in its opening minutes of trade.
    | Apr. 8, 2012, 9:47 PM | 5 Comments
  • Apr. 5, 2012, 7:53 AM
    Fading a worldwide sell-off yesterday was Shanghai, where the index had its biggest jump in 2 months, +1.7%. Maybe behind the move was Beijing's saying it will more than double the amount foreigners can invest in the country's markets. Leading the rally were brokerages, Citic Securities +5.8%.
    | Apr. 5, 2012, 7:53 AM | Comment!
  • Apr. 3, 2012, 4:20 AM
    China's state firms are performing better than their private-sector counterparts, according to Moody's, pointing to a "two speed economy" where state firms have easier access to credit and are therefore squeezing out other parts of the economy. The divergence is "clearly of concern, as state-owned firms are less productive."
    | Apr. 3, 2012, 4:20 AM | Comment!
  • Mar. 30, 2012, 11:07 AM
    The conventional wisdom on China's weakish economic data to start the year says much of it is to do with the New Year celebration. Research by ISI Group says the seasonal adjustments too strong, and that business conditions are even worse than reported. March data (coming soon) will be key.
    | Mar. 30, 2012, 11:07 AM | Comment!
  • Mar. 30, 2012, 7:38 AM
    Despite a big decline (8%) in March, the Shanghai Composite closes its best quarterly gain in a year, up 2.9% from Jan. 1. The conventional wisdom has clearly shifted from a moderate, but healthy economic slowdown to something more than that, with even Beijing lowering its growth forecasts (which have a habit of coming true) to below 8%.
    | Mar. 30, 2012, 7:38 AM | Comment!
  • Mar. 29, 2012, 9:51 AM
    Morgan Stanley makes a contrary call on China, upping its 2012 GDP forecast from 8.4% to 9% as its analysts expect additional stimulus after disappointing data early this year. Morgan also raises its estimate for world GDP growth to 3.7% from 3.5%, with the big revision in China being the reason.
    | Mar. 29, 2012, 9:51 AM | Comment!
  • Mar. 29, 2012, 9:38 AM
    China's emerging corporate debt market may face its first default next month when Shandong Helon - a manufacturer of chemical fibers - could be unable to make payment on ¥400M of maturing paper. It will come as a shock in a country where bond investors have never before had to price credit risk, says Fraser Howie.
    | Mar. 29, 2012, 9:38 AM | Comment!
  • Mar. 29, 2012, 8:12 AM
    Chinese shopping mall developer Renhe has its credit rating cut to B with negative Creditwatch, by S&P. "Property sales and liquidity could weaken significantly more than expected," says the agency. "Canary in a coal mine," asks the Bond Vigilantes, noting the firm's bonds are off 15% and stock down 35% this week.
    | Mar. 29, 2012, 8:12 AM | Comment!
  • Mar. 29, 2012, 7:50 AM
    In case anybody hasn't noticed - after a powerful start in 2012 - shares in Shanghai near correction status after another fall (1.4%) last night, bringing the decline in the A share index to 9.3% in a month. Predictably, analyst calls for Beijing to step in with a big policy easing are growing louder.
    | Mar. 29, 2012, 7:50 AM | Comment!
  • Mar. 28, 2012, 6:54 PM
    As China's economy cools down, the "old trick" of having state-run banks finance massive investments is no longer working, says China expert Patrick Chovaneck. Meanwhile, a bursting of China's housing bubble will take a toll on overleveraged property developers, and export growth isn't what it used to be. A major shift in GDP composition from investment to consumption might be needed to stave off a "hard landing."
    | Mar. 28, 2012, 6:54 PM | Comment!
  • Mar. 28, 2012, 1:30 PM
    Beijing may be ready to approve (after nixing it last year) a plan by the city of Wenzhou to allow its residents to directly invest funds offshore. Such a move would be a significant step in opening up the country's capital account, currently tightly controlled by authorities to manage the yuan's value and prevent speculative flows. (previous)
    | Mar. 28, 2012, 1:30 PM | Comment!
  • Mar. 28, 2012, 9:35 AM
    Beijing approves reforms for the entrepreneurial hub of Wenzhou which hope to formalize the city's underground lending practices (shift profits from households and the mob to the banks!). Wenzhou suffered a credit crunch last year, with many business owners fleeing instead of facing the chance of broken kneecaps. (the saga)
    | Mar. 28, 2012, 9:35 AM | Comment!
  • Mar. 28, 2012, 8:12 AM
    A slowdown in growth hits profits at the world's busiest container port, Shanghai International Port Group reporting a 12.8% Y/Y decline in profit for 2011. Container throughput grew "only" 9.2% last year and is expected to grow just 3.9% in 2012.
    | Mar. 28, 2012, 8:12 AM | 1 Comment
  • Mar. 28, 2012, 8:01 AM
    Profit estimates for Chinese firms remain "far too optimistic," says SocGen, seizing on the report that Y/Y industrial profits shrank in the year's first 2 months. Among the losers in Shanghai's 2.7% plunge last night: Alum. Corp. of China (ACH) -5.8% and Jiangxi Copper JIXAY.PK) -5.5%. FXI -0.3% premarket.
    | Mar. 28, 2012, 8:01 AM | Comment!
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FXI Description
The iShares FTSE China 25 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index.
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Country: China
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