1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

China in focus - UOB Group

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Analysts at UOB Group explained a number of key topics on China.

    Key Quotes:

    "The impact of RMB devaluation in Aug 2015 has shown up in Chinese publicly traded companies’ annual results, with a combined foreign-exchange losses of RMB 48.7 billion (US$7.5 billion) for last year, almost 13 times the amount in 2014, and profits at those firms slumped 11% in 2015 to RMB789.2 billion, according to a Bloomberg compilation of some 980 listed Chinese companies."

    "China’s consumer prices are likely to rise modestly in 2016 while property prices in some major cities could climb, state planner National Development and Reform Commission (NDRC) said in a report published in the China Securities Journal on Tuesday."

    "Property prices in some of China’s second-tier cities may rise significantly, and prices in Beijing, Shanghai and Shenzhen will also continue to rise, it said.

    China’s Commerce Ministry announced on Tuesday it has restricted imports of North Korean coal and iron, in line with United Nations sanctions on the country following its nuclear and missile tests."
    For more information, read our latest forex news.
     

Share This Page