Locked and loaded for a response and hong kong protesters say that the government must do more. Lets get started with a quick check of u. S. Futures down. 4 after the saudi arabia drone attacks. , gaining ground by 11 . At one point, jumping 19 , which would be the biggest jump since 1991. That is 68 a barrel level. Gaining ground, seeing the biggest jump in a month. All of this a given that geoPolitical Risks are back again. We have seen oil prices under pressure lately, given the fact we have seen trade negotiations and tensions weighing on the demand. Some ofes paring back the earlier decline after President Trump said he would allow the release of Strategic Petroleum reserves. All of this playing into the market. Lets see how this will impact the open. Lets get over. Severe do we know how severe the damage is to this facility in saudi arabia . Analyst we have been talking to think that almost half of the lost supply could be tomorrow,as early as but in order to have the full supply
Weakest number in 17 years. This is below that number. Retail sales also weaker than expected. The expectation was for 7. 9. You are looking at 7. 5 year on year for august. Again, below the july number as well. In terms of fixed asset investment, we are focused on the private sector and estate sector, also missing the surveys. 5. 5 . The survey had 5. 7 . So this is pretty weak data. In terms of retail data, we have seen month on month auto sales for example, a big component and retail sales, falling almost double digits. In terms of Industrial Production you have seen the impact of tariffs, but this awes this august that it doesnt account for the additional tariffs in september so that will be a further drag. Domestically you have weak demand as well. Investment, some economists suspected a step up in terms of local governance and the issue of special bonds to fuel additional estate sector investments. It doesnt look like that has spread through. Across the board this is a miss. In,
The seventh hearing of the u. S. China economic and secure review commissions 2023 annual report cycle. I want to first thank staff, many of whom worked on several other hearings. And so, i appreciate the heroic effort that was involved in getting this hearing set up. So, thank you, jonathan and daniel, in particular, charles, i dont see. Many of us that have watched china for years appreciate that the magnitude of the economic challenges china must address now are not new rather, they have been worsening for years and were amplified by covid and the poor policy choices made during that time. Notwithstanding the ccps push for chinese households and non state businesses to drive recovery. Household consumption has been cautious. Government lending practices continue to favor unproductive state owned enterprises, higher performing non state sector at the expense of higher performing non state sectors. In most cities, property prices have plunged and Business Confidence has eroded as defl
The seventh hearing of the u. S. China economic and secure review commissions 2023 annual report cycle. I want to first thank staff, many of whom worked on several other hearings. And so, i appreciate the heroic effort that was involved in getting this hearing set up. So, thank you, jonathan and daniel, in particular, charles, i dont see. Many of us that have watched china for years appreciate that the magnitude of the economic challenges china must address now are not new rather, they have been worsening for years and were amplified by covid and the poor policy choices made during that time. Notwithstanding the ccps push for chinese households and non state businesses to drive recovery. Household consumption has been cautious. Government lending practices continue to favor unproductive state owned enterprises, higher performing non state sector at the expense of higher performing non state sectors. In most cities, property prices have plunged and Business Confidence has eroded as defl
The seventh hearing of the u. S. China economic and secure review commissions 2023 annual report cycle. I want to first thank staff, many of whom worked on several other hearings. And so, i appreciate the heroic effort that was involved in getting this hearing set up. So, thank you, jonathan and daniel, in particular, charles, i dont see. Many of us that have watched china for years appreciate that the magnitude of the economic challenges china must address now are not new rather, they have been worsening for years and were amplified by covid and the poor policy choices made during that time. Notwithstanding the ccps push for chinese households and non state businesses to drive recovery. Household consumption has been cautious. Government lending practices continue to favor unproductive state owned enterprises, higher performing non state sector at the expense of higher performing non state sectors. In most cities, property prices have plunged and Business Confidence has eroded as defl