From Today to Tomorrow – November 18 – A New Global Equilibrium
The new free trade treaty is between Asia and China, the precedent should have been between Asia, excluding China, and the USA. Donald Trump decided otherwise upon his arrival at…
Philippe Waechter's blog
From Yesterday to Today – November 5 – USA and China – Favorite Enemies
Donald Trump’s mandate was marked by his battle with China. The Middle Empire is shaking up America economically, technologically and politically. These tensions are not recent but have increased with…
From Yesterday to Today – October 20 – China and the rest of the world
The Chinese economy is normalizing. The health alert phase has passed and growth is resuming. It is rather self-centered and is no longer a source of strong impetus for the…
Limited rebound in the Chinese activity
The activity does not contract any more in March but the rebound appears limited and without ripple effect. Chinese activity indices rebounded in March. The manufacturing sector index went from…
Chinese growth has disappeared
The collapse of industrial production foreshadows what the future figures could be in the Euro zone. The collapse of Chinese industrial production is spectacular. The figures were expected to decline…
Economic surveys (Markit, ISM), Capital goods orders in Germany, US employment, Chinese external trade Coming this week (March 2 – March 8) The impact of the coronavirus, US Interest rates – Central banks’ credibility at risk (What to keep in mind from last week)
Markit, ISM, US Employment Report, German Industrial Orders, Chinese External Trade but also US 10 year rate at its lowest and central banks’ credibility Highlights Markit Surveys in the manufacturing…
China and the world – the story of a revolution
China’s emergence over the past twenty years has upended the world balance. During the SARS epidemic, the world did not need to rely on China. But in today’s era and…
The drop in the official Chinese PMI – Is the Global Recession coming ?
The PMI survey for the manufacturing sector dropped to 35.7 in February, way below the weakest recorded number during the 2008 financial crisis. The index was at 38.8 in November…