Taking Stock On China

Summary

• We see China’s regulatory crackdown that recently rattled markets likely to moderate, alongside a dovish shift in macro policy, for the near term.
• The Federal Reserve noted further progress in the economy as expected; we see a tapering of asset purchases unlikely to start before early next year.
• U.S. nonfarm payrolls will be in focus, with consensus forecast expecting a faster pace of growth than June when jobs gain was the largest in 10 months.

Comments

[Cletekooyman1]

The CCP is an international criminal organization.

[cifey2]

@Cletekooyman1
No doubt, but that would describe the operation of most governments.
They also seem to be taking at least superficial leadership in curbing some predatory capitalist behaviors like data privacy, education profiteering, gaming addiction, automobile quality...

[elba]

China's regulatory crackdown likely to moderate: but you do not know that, in fact this ham-handed approach to major businesses is likely to happen again except that businesses will be afraid to excel. China? No.

[TDune75]

Interesting that Black Rock believes Chinese government debt is a worthy investment versus Chinese equities. Ditto for non-Chinese/Japanese sovereign debt. Will have to research ETF’s and Mutual Funds focused in this space.