Quotes from the news wire:
In the medium to long-term, it's clear we will see more M&A activity so China can make good on its goal of becoming more globally relevant, some Chinese companies have been restricted in the purchase of (foreign exchange) FX ... Against such a backdrop, it's clear the Syngenta acquisition is a strategic priority with support from the very top.
Given that CBRC (China Banking Regulatory Commission) has already said that the key task for 2016 will be risk control, it's quite telling that they're now telling banks to reduce these WMP yields, many trust loans, for instance, were issued two years ago when commodity prices were still sky high, and any products that sent funds to those parts of the industrial sector may have repayment difficulties at the old high rates.
The GDP beat is surprising, given that the monthly FAI and industrial production figures slowed considerably, and much faster than expected, the data would suggest that retail sales is holding up the data and there are other areas that the government is factoring in consumption and services data that are not picked up in the monthly figures.
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