News


China reports a +14.9% y/y reading for July foreign direct investments

That’s in yuan terms. And it dwarfs the +0.3% y/y reading recorded in June. To put the jump in perspective, that’s the largest climb that we have seen so far this year. As the yuan continues to weaken, it is helping to add to the attractiveness that China offers – as long as economic growth remains sustainable.

By right, this should be supportive for Chinese equities but the Shanghai Composite remains 0.7% down as head into the close. In the bigger picture though, this will add some comfort to Chinese authorities who fear that cracking down on financial risks – via credit tightening – will impact growth and inadvertently push away investments.
ForexLive



Source link

Articles You May Like

Bank of Canada full rate statement for April 2019
USDCAD runs above the recent highs
US housing starts for March 1139K vs 1225K estimate
Japan Post Insurance says it plans to boost foreign debt holdings in fiscal year 2019-20
📈 : Forex Trading Video For Beginners – Live FX Stream by Forex.Today

Leave a Reply

Your email address will not be published. Required fields are marked *