Chinese aandelen slachtoffer van handelsoorlog – Marketupdate

Chinese aandelen slachtoffer van handelsoorlog – Marketupdate

26-10-18 04:26:00,

Dat het er af en toe ruig aan toe kan gaan op de internationale aandelenmarkten, dat weten we sinds het begin van de nieuwe maand oktober weer. Minder bekend is waarschijnlijk dat er al heel 2018 een ijzig klimaat heerst. In 2017 ging de zogeheten CSI-index, waarin de belangrijkste bedrijven van het Chinese vasteland zijn opgenomen, nog met 22% omhoog. In 2018 is deze winst geheel verdampt en dat is vooral te wijten aan de steeds feller wordende handelsoorlog tussen China en de VS.

De daling komt vooral voor de buitenlandse investeerder op een vervelend moment. De MSCI had juist 200 Chinese A-shares opgenomen in zijn breed gevolgde Emerging Market benchmark. Vooral aandelen van Chinese bedrijven met belangen in de VS hebben zwaar te lijden onder de huidige omstandigheden. Dat is niet de enige zorg voor de belegger. Die begint zich steeds nadrukkelijker af te vragen of de Chinese consument wel blijft spenderen. Deze zorg is niet onterecht. Citigroup weet te melden dat autoverkopen in september met maar liefst 25% zijn gedaald. De strategen van die bank zijn bang dat dit feit slechts een begin is van meer ellende. Ze verwachten dat de komende kwartalen zal blijken dat internationale supply chains zich aan het verleggen zijn ten koste van China.

Meer Chinese aandelen in de MSCI

Overigens wil de huidige malaise niet zeggen dat de MSCI zijn plannen om meer A-shares in zijn EM Index op te nemen staakt. Die gaan gewoon door. MSCI verwacht dat er in 2020 434 A-shares in zijn index zullen zijn opgenomen. Dat moet dan $66 miljard extra aantrekken uit de hoek van zowel actieve als passieve fondsen. Beleggers maken zich dan ook minder zorgen om de huidige zwakte op de Chinese aandelenbeurzen als wel om het gebrek aan corporate governance bij de opgenomen Chinese bedrijven.

Je hebt slachtoffers en grote slachtoffers. Op de Chinese aandelenmarkten heeft vooral de technologiesector het heel erg moeilijk. Beleggers stemmen bij bosjes met hun voeten. Dat heeft minder te maken met de bredere omgeving, zoals in de VS, maar vooral met de fundamentals. Tech is in China een bijna wijds begrip en daarmee veel minder high-tech of vernieuwend dan in de VS en Europa. Zeker buitenlandse beleggers kijken hier kritischer naar, juist in onzekere tijden.

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“Rush Game With The Tariff”: The Race Is On To Get Chinese Goods Into U.S.

“Rush Game With The Tariff”: The Race Is On To Get Chinese Goods Into U.S.

21-09-18 09:31:00,

As the US-imposed 10 percent tariffs on $200 billion worth Chinese goods is set to take effect Monday, the race is now on to get Chinese goods into the U.S.

By plane, train, and sea, a frenzy has begun, resulting in surging cargo traffic at US ports, booming air freight to the US, and urgent dispatch of goods from Chinese companies earlier than planned. Getting in under the wire before Trump’s tariffs bite could mean hundreds of thousands saved on single shipments. 

Bloomberg describes this week that cargo rates for Pacific transport are at a four-year high as manufacturers rush to get everything from toys to car parts to bikes into American stores.

This rush, which comes on top of a typically already busy pre-holiday season, is expected to continue well after next week as the tariff will leap from 10 to 25 percent after the new year. 

US importers are expected to stockpile Chinese products before the 2019 25% mark. There’s currently widespread reports of companies scrambling to pay expedited air freight fees to dodge the new tariffs, as well as move up their orders. 

Bloomberg relates the following on both sides of the Pacific

  • In Jiangsu province on China’s east coast, E.D. Opto Electrical Lighting Co. dispatched a batch of car lights by sea to Los Angeles in late August, earlier than planned.
  • In the industrial hub of Dongguan in southern China, toy maker Lung Cheong Group: “More clients in the last two months are asking if we can deliver goods ahead of the scheduled time to avoid the upcoming tariffs,” said Chairman Lun Leung. For small high-tech toys that have higher retail selling prices, some clients are willing to upgrade from sea freight to air, he said.
  • Imports to northern California’s Port of Oakland surged 9.2 percent in August. That was the busiest August in the port’s 91-year history.
  • At the Port of Long Beach, imports of containers rose 9.4 percent this year through August. That comes after a record 2017.
  • Concerns about the trade dispute is also spurring last-minute shipments across the Pacific for Ocean Network Express Pte.,

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Chinese vaccine panic reaches boiling point

Chinese vaccine panic reaches boiling point

01-08-18 06:53:00,

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The panic was heightened by the already uneasy relationship Chinese parents have with vaccines, which are compulsory

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August 1, 2018

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At least in America, there exists and anti vaccine movement and a growing sense of awareness tot he dangers that vaccines pose. Chinese parents have already been leery of the government’s coerced vaccination programs. This current crisis only further shows why the government should let your health be your own business.

Foreign Policy reports

The Chinese party-state seemed quick to respond this month after a major pharmaceutical company was found to have sold over 250,000 substandard vaccines for children. The revelations, based partly on a viral social media post that sparked a frenzy among millions of worried Chinese parents, were called “serious and appalling” by Communist Party Chairman Xi Jinping, who pledged a crackdown on unsavory practices in the industry. Premier Li Keqiang said the company’s behavior had “crossed a moral line,” and a normally throttled press was permitted to cover the topic. The China Food and Drug Administration (CFDA) opened an investigation and the firm’s chairwoman, “vaccines queen” Gao Junfang, was detained along with 14 others.

But in a country repeatedly hit by regulatory scandals, these measures may not be enough to assuage public anger. China goes through regular cycles of safety-failure revelations, promises from the top of crackdowns and reform, and a rapid return to the norms of faked data and bribed personnel. Even as individual malefactors face punishments, the system is already moving to stop public rage from spreading beyond a single company. And it is unlikely that further arrests and investigations will curb the deeper malaise felt by many, who believe breakneck economic growth and social upheaval has left China with an amoral get-rich-quick culture that puts profits above everything else, even children.

Changsheng Biotechnology, the company at the center of the scandal, is the country’s second-largest maker of rabies and chickenpox vaccines. A week after state regulators announced the firm had outright faked production data about its rabies vaccine, it was revealed that a 2017 batch of 250,000 diphtheria,

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Das Kapital: Chinese Big Brother-toko haalt moeilijk veel geld op

09-04-18 01:43:00,

We weten ook niet hoe het hier terecht is gekomen, vermoedelijk heeft iemand zijn auto­radio­hand­leid­ing hier laten slingeren. Excuses voor het ongemak, maar scroll vooral even door.

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