JP Morgan and Goldman Sachs are getting more bullish on India

That comes as Goldman Sachs also became more bullish on India, raising its rating on Indian stocks to “overweight” in a Monday report, an indication that it expects a stock or index to outperform its peers. Speaking to CNBC on Tuesday, J.P. Morgan’s James Sullivan predicted that oil prices will stay “relatively stable” at around $60 to $65 per barrel. He said that markets are projecting India’s earnings growth at around 20 percent, while J.P. Morgan is expecting it to be slightly lower, at about


That comes as Goldman Sachs also became more bullish on India, raising its rating on Indian stocks to “overweight” in a Monday report, an indication that it expects a stock or index to outperform its peers. Speaking to CNBC on Tuesday, J.P. Morgan’s James Sullivan predicted that oil prices will stay “relatively stable” at around $60 to $65 per barrel. He said that markets are projecting India’s earnings growth at around 20 percent, while J.P. Morgan is expecting it to be slightly lower, at about
JP Morgan and Goldman Sachs are getting more bullish on India Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: weizhen tan, dhiraj singh, bloomberg, getty images
Keywords: news, cnbc, companies, sachs, goldman, growth, report, sullivan, indias, india, jp, stable, markets, earnings, getting, prices, morgan, bullish


JP Morgan and Goldman Sachs are getting more bullish on India

India has the “best growth story” among global emerging markets, said J.P. Morgan’s head of equity research for Asia excluding Japan, as he pointed to relatively stable oil prices and positive earnings projections for the country.

That comes as Goldman Sachs also became more bullish on India, raising its rating on Indian stocks to “overweight” in a Monday report, an indication that it expects a stock or index to outperform its peers.

Speaking to CNBC on Tuesday, J.P. Morgan’s James Sullivan predicted that oil prices will stay “relatively stable” at around $60 to $65 per barrel.

Oil is key to India, a net importer of crude, as higher prices lead to a higher import bill and a widening current account deficit — a measure of the flow of goods, services and investments in and out of the country.

Sullivan was optimistic on India’s overall growth. He said that markets are projecting India’s earnings growth at around 20 percent, while J.P. Morgan is expecting it to be slightly lower, at about 15 percent

“That’s really the best growth story we’ve got among global emerging markets,” Sullivan added.

The critical factor will be India’s general elections, set to take place over April and May, said Sullivan. However, he said that markets have performed quite strongly even amid rather “volatile” elections in the past.

In raising its rating on Indian stocks, Goldman Sachs said that foreign investors are coming back amid expectations of a more stable government and earnings growth.

“We raise it back to ‘overweight’ given sharp underperformance in January/February, better Q3FY19 earnings and a pick-up in (foreign institutional investors) positioning from lows amid rising market expectations of a potentially stable government,” it said in a report dated March 18.

India’s benchmark index Nifty 50 has shot up 8 percent in the past month, according to Goldman, and the investment bank expects earnings to grow 16 percent this year. Goldman expects the Nifty50 index to reach 12,500 in 12 months — that’s nearly 9 percent higher than its last close on Monday.

— CNBC TV18 contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: weizhen tan, dhiraj singh, bloomberg, getty images
Keywords: news, cnbc, companies, sachs, goldman, growth, report, sullivan, indias, india, jp, stable, markets, earnings, getting, prices, morgan, bullish


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Shanghai stocks plummet more than 4 percent: ‘China’s trade recession has started to emerge’

Shares in mainland China crumbled on Friday after Chinese trade data missed expectations by a wide margin. China on Friday reported worse than expected trade data for the month of February. China’s February trade balance was also significantly weaker than expected at $4.12 billion. The country’s trade balance in January had been $39.16 billion. In a note on Friday, ANZ said the release of the trade numbers reinforced its view that “China’s trade recession has started to emerge.”


Shares in mainland China crumbled on Friday after Chinese trade data missed expectations by a wide margin. China on Friday reported worse than expected trade data for the month of February. China’s February trade balance was also significantly weaker than expected at $4.12 billion. The country’s trade balance in January had been $39.16 billion. In a note on Friday, ANZ said the release of the trade numbers reinforced its view that “China’s trade recession has started to emerge.”
Shanghai stocks plummet more than 4 percent: ‘China’s trade recession has started to emerge’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: eustance huang, weizhen tan, str, afp, getty images
Keywords: news, cnbc, companies, chinese, note, sentiment, shares, balance, chinas, release, expected, emerge, data, trade, shenzhen, shanghai, plummet, started, stocks, recession


Shanghai stocks plummet more than 4 percent: 'China's trade recession has started to emerge'

Shares in mainland China crumbled on Friday after Chinese trade data missed expectations by a wide margin.

All major Chinese indexes closed the day deep in negative territory. The Shanghai composite plunged 4.4 percent, the Shenzhen component tumbled 3.248 percent and the Shenzhen composite dropped 3.791 percent. The CSI 300, which tracks the largest shares on the mainland, plummeted nearly 4 percent.

The significant losses in Chinese stocks came as overall sentiment in Asia was downbeat for the day. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.5 percent, as of 3:14 p.m. HK/SIN.

China on Friday reported worse than expected trade data for the month of February. Dollar-denominated exports plunged 20.7 percent for the month from a year ago, missing economists’ expectations of a 4.8 percent decline, according to a Reuters poll. February’s dollar-denominated imports, meanwhile, fell 5.2 percent from the prior year, missing an expected 1.4 percent fall.

China’s February trade balance was also significantly weaker than expected at $4.12 billion. Economists polled by Reuters had expected the overall trade balance to come in at $26.38 billion. The country’s trade balance in January had been $39.16 billion.

In a note on Friday, ANZ said the release of the trade numbers reinforced its view that “China’s trade recession has started to emerge.”

China will require a stronger dose of stimulus to support growth, said Raymond Yeung, ANZ Research’s chief economist for Greater China.

“Looking ahead, we find little reason to expect a rebound in the near term on the back of a sluggish global electronics cycle,” he explained in the note, adding that Asia’s export figures are pointing to a “sobering” outlook.

That sentiment was echoed by Louis Kuijs, head of Asia economics at Oxford Economics.

“We expect subdued global trade and the impact of US tariffs to continue to weigh on exports in the coming months, although the tariff suspension by the US and China and increased likelihood of a more lasting agreement should help eventually,” Kuijs said in a note following Friday’s data release.

— CNBC’s Huileng Tan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: eustance huang, weizhen tan, str, afp, getty images
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More women held seats on boards last year — but progress has slowed, JP Morgan says

Female participation on corporate boards across the world improved last year, although more needs to be done to help women advance, according to a J.P. Morgan report on achieving gender balance. The proportion of female directors on boards in the U.S. increased to 22 percent in 2018, from 20.4 percent in 2017, the report said. However, women found it harder to make headway at the executive level, and progress in that area “stalled” in 2018, the U.S. investment bank found. “Governments across the


Female participation on corporate boards across the world improved last year, although more needs to be done to help women advance, according to a J.P. Morgan report on achieving gender balance. The proportion of female directors on boards in the U.S. increased to 22 percent in 2018, from 20.4 percent in 2017, the report said. However, women found it harder to make headway at the executive level, and progress in that area “stalled” in 2018, the U.S. investment bank found. “Governments across the
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Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: weizhen tan, mandel ngan, afp, getty images
Keywords: news, cnbc, companies, level, female, report, slowed, held, world, boards, womens, progress, needs, jp, executive, seats, women, morgan, gender


More women held seats on boards last year — but progress has slowed, JP Morgan says

Female participation on corporate boards across the world improved last year, although more needs to be done to help women advance, according to a J.P. Morgan report on achieving gender balance.

The report — published ahead of International Women’s Day on Friday — said that globally, women’s share of board directorships crept up last year, with large American companies leading the way.

The proportion of female directors on boards in the U.S. increased to 22 percent in 2018, from 20.4 percent in 2017, the report said.

However, women found it harder to make headway at the executive level, and progress in that area “stalled” in 2018, the U.S. investment bank found. The number of female chief executive officers in Fortune 500 companies fell to five percent last year, from a record six percent in 2017, according to the report.

“Governments across the world, and now one U.S. state, California, have begun to implement legislation mandating gender diversity on corporate boards,” the report said.

But “more work needs to be done to increase female representation at the executive level, including better disclosure,” it said.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: weizhen tan, mandel ngan, afp, getty images
Keywords: news, cnbc, companies, level, female, report, slowed, held, world, boards, womens, progress, needs, jp, executive, seats, women, morgan, gender


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Economists warn that China’s growth could plummet to 2 percent in the next decade

China has been a strong performer among emerging economies, even if its growth has been slowing. Growth in China could plummet to 2 percent over the next decade — from the expected 6.0 to 6.5 percent target this year, predicted Capital’s Chief Asia Economist Mark Williams. “China’s time as an emerging markets outperformer is ending,” said Williams, at the Capital Economics annual conference in Singapore on Tuesday. He added that the estimated 2 percent growth is a “long way” from the 5 to 6 perc


China has been a strong performer among emerging economies, even if its growth has been slowing. Growth in China could plummet to 2 percent over the next decade — from the expected 6.0 to 6.5 percent target this year, predicted Capital’s Chief Asia Economist Mark Williams. “China’s time as an emerging markets outperformer is ending,” said Williams, at the Capital Economics annual conference in Singapore on Tuesday. He added that the estimated 2 percent growth is a “long way” from the 5 to 6 perc
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Keywords: news, cnbc, companies, slowing, economy, plummet, capital, warn, chinas, conference, growth, china, emerging, decade, economists, risks, expected, target


Economists warn that China's growth could plummet to 2 percent in the next decade

China has been a strong performer among emerging economies, even if its growth has been slowing. But that’s set to end, according to research firm Capital Economics.

Growth in China could plummet to 2 percent over the next decade — from the expected 6.0 to 6.5 percent target this year, predicted Capital’s Chief Asia Economist Mark Williams.

“China’s time as an emerging markets outperformer is ending,” said Williams, at the Capital Economics annual conference in Singapore on Tuesday. He added that the estimated 2 percent growth is a “long way” from the 5 to 6 percent expected by the International Monetary Fund for the next decade.

Speakers at the conference pointed to a number of risks, as well as changing demographics in the world’s second largest economy. That includes its debt problem, declining work force, and increasingly weaker drivers of productivity, they said.

Those predictions come as Chinese Premier Li Keqiang said at the annual National People’s Congress on Tuesday that the official economic growth target this year will be 6.0 to 6.5 percent, slowing from last year.

Li also warned that there will be greater risks ahead for the Asian economy, saying: “We must be fully prepared for a tough struggle.”


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: weizhen tan, getty images
Keywords: news, cnbc, companies, slowing, economy, plummet, capital, warn, chinas, conference, growth, china, emerging, decade, economists, risks, expected, target


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Trump says North Korea can be a ‘great’ economic power, but experts say it’s uninvestable

With U.S. President Donald Trump declaring repeatedly that North Korea can become “one of the great economic powers” in the world, risk consultancy Verisk Maplecroft tested that claim and found that the rogue state ranks as the least investable country in the world. Other experts have also stressed that even if sanctions on Pyongyang were to be removed some day, risks for investors remain very high, as it is extremely unlikely that North Korea will overhaul itself politically and economically. E


With U.S. President Donald Trump declaring repeatedly that North Korea can become “one of the great economic powers” in the world, risk consultancy Verisk Maplecroft tested that claim and found that the rogue state ranks as the least investable country in the world. Other experts have also stressed that even if sanctions on Pyongyang were to be removed some day, risks for investors remain very high, as it is extremely unlikely that North Korea will overhaul itself politically and economically. E
Trump says North Korea can be a ‘great’ economic power, but experts say it’s uninvestable Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: weizhen tan, saul loeb, afp, getty images, -anwita basu, the economist intelligence unit
Keywords: news, cnbc, companies, north, experts, korea, trump, state, think, kim, uninvestable, talks, great, summit, power, say, verisk, economic


Trump says North Korea can be a 'great' economic power, but experts say it's uninvestable

With U.S. President Donald Trump declaring repeatedly that North Korea can become “one of the great economic powers” in the world, risk consultancy Verisk Maplecroft tested that claim and found that the rogue state ranks as the least investable country in the world.

Despite the president’s claims, “Kim Jong-un’s authoritarian regime has been classified as the world’s most perilous investment destination for business,” Verisk Maplecroft said in a report published before the talks began.

Other experts have also stressed that even if sanctions on Pyongyang were to be removed some day, risks for investors remain very high, as it is extremely unlikely that North Korea will overhaul itself politically and economically.

Ahead of the failed summit with North Korean leader Kim Jong Un, which ended on Thursday without a deal, Trump had dangled the prospect of a stronger economy for the impoverished state — tweeting repeatedly on the topic. Experts say that was part of a negotiating tactic.

Even after talks ended abruptly, the president continued to tout the possibility of the reclusive country becoming “an absolute economic power.”

“I think he’s got a chance to have one of the most successful countries — rapidly too — on Earth,” Trump said of Kim, at a press conference on Thursday at the end of the summit. “There is tremendous potential in North Korea, and I think he’s going to lead it to a very important thing, economically. I think it’s going to be an absolute economic power.”


Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: weizhen tan, saul loeb, afp, getty images, -anwita basu, the economist intelligence unit
Keywords: news, cnbc, companies, north, experts, korea, trump, state, think, kim, uninvestable, talks, great, summit, power, say, verisk, economic


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North Korea is threat even if Trump ends Korean War at summit: Experts

There’s a possibility that U.S. President Donald Trump and North Korean leader Kim Jong Un might declare an end to the Korean War at this week’s summit — but experts warn that the move could have “real political consequences” for the U.S., and South Korea will still have to keep the North in check. Ending the war does not negate the fact that North Korea “remains as dangerous a threat today as it was on the first day of the Trump administration,” said Abraham Denmark, director of the Asia progra


There’s a possibility that U.S. President Donald Trump and North Korean leader Kim Jong Un might declare an end to the Korean War at this week’s summit — but experts warn that the move could have “real political consequences” for the U.S., and South Korea will still have to keep the North in check. Ending the war does not negate the fact that North Korea “remains as dangerous a threat today as it was on the first day of the Trump administration,” said Abraham Denmark, director of the Asia progra
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Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: weizhen tan, pyeongyang press corps, pool, getty images, afp
Keywords: news, cnbc, companies, threat, korean, war, declare, trump, north, korea, south, end, ended, experts, kim, summit, ends


North Korea is threat even if Trump ends Korean War at summit: Experts

There’s a possibility that U.S. President Donald Trump and North Korean leader Kim Jong Un might declare an end to the Korean War at this week’s summit — but experts warn that the move could have “real political consequences” for the U.S., and South Korea will still have to keep the North in check.

Ending the war does not negate the fact that North Korea “remains as dangerous a threat today as it was on the first day of the Trump administration,” said Abraham Denmark, director of the Asia program at the Woodrow Wilson International Center for Scholars.

South Korea’s presidential office said on Monday that the U.S. and North Korea could agree to declare the end of the Korean War when Trump and Kim meet this week for their second face-to face meeting in Vietnam.

Seoul and Pyongyang are technically still at war today.

The Korean War began in 1950 when the North invaded the South. It ended in 1953 with an armistice — not a peace treaty, which means the war has not ended even if fighting has ceased. Since then, the U.S. has maintained a robust military presence in the South, in the form of tens of thousands of troops.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: weizhen tan, pyeongyang press corps, pool, getty images, afp
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Trump tries to convince Kim that the summit is North Korea’s chance for an economic boom

When reclusive North Korean leader Kim Jong Un meets with U.S. President Donald Trump this week, he’ll be aiming for a much-needed economic boom for his country. Trump, who says his top priority is for Pyongyang not to conduct any more testing of ballistic missiles or nuclear weapons, may opt to use the lifting of economic sanctions as a negotiating tool with the pariah state, experts said. In fact, Trump has dangled the prospect of a stronger North Korean economy ahead of the talks in Hanoi, Vi


When reclusive North Korean leader Kim Jong Un meets with U.S. President Donald Trump this week, he’ll be aiming for a much-needed economic boom for his country. Trump, who says his top priority is for Pyongyang not to conduct any more testing of ballistic missiles or nuclear weapons, may opt to use the lifting of economic sanctions as a negotiating tool with the pariah state, experts said. In fact, Trump has dangled the prospect of a stronger North Korean economy ahead of the talks in Hanoi, Vi
Trump tries to convince Kim that the summit is North Korea’s chance for an economic boom Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: weizhen tan, wang di, xinhua news agency, getty images, -miha hribernik, head of asia at verisk maplecroft
Keywords: news, cnbc, companies, chance, nuclear, korean, weapons, great, trump, north, president, vietnam, economic, boom, kim, summit, tries, convince, koreas


Trump tries to convince Kim that the summit is North Korea's chance for an economic boom

When reclusive North Korean leader Kim Jong Un meets with U.S. President Donald Trump this week, he’ll be aiming for a much-needed economic boom for his country.

Trump, who says his top priority is for Pyongyang not to conduct any more testing of ballistic missiles or nuclear weapons, may opt to use the lifting of economic sanctions as a negotiating tool with the pariah state, experts said.

In fact, Trump has dangled the prospect of a stronger North Korean economy ahead of the talks in Hanoi, Vietnam. He tweeted hours before meeting Kim: “Vietnam is thriving like few places on earth. North Korea would be the same, and very quickly, if it would denuclearize. The potential is AWESOME, a great opportunity… ”

The U.S. president said in a separate Twitter post on Sunday: “Chairman Kim realizes, perhaps better than anyone else, that without nuclear weapons, his country could fast become one of the great economic powers anywhere in the World.”


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: weizhen tan, wang di, xinhua news agency, getty images, -miha hribernik, head of asia at verisk maplecroft
Keywords: news, cnbc, companies, chance, nuclear, korean, weapons, great, trump, north, president, vietnam, economic, boom, kim, summit, tries, convince, koreas


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US wants a more stable yuan, China wants that too: Experts

“The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk.” “Fact is, the PBoC is also after a stable CNY,” he said, using the three-letter abbreviation for the Chinese yuan (which is also called the renminbi, or RMB). “The idea of CNY devaluation as a (mercantilist) strategy is not only outdated, but is also misguided,” Varathan said. “The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk,” he said. “First, China, as a responsible


“The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk.” “Fact is, the PBoC is also after a stable CNY,” he said, using the three-letter abbreviation for the Chinese yuan (which is also called the renminbi, or RMB). “The idea of CNY devaluation as a (mercantilist) strategy is not only outdated, but is also misguided,” Varathan said. “The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk,” he said. “First, China, as a responsible
US wants a more stable yuan, China wants that too: Experts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: weizhen tan, afp, getty images, -vishnu varathan, mizuho bank head of economics
Keywords: news, cnbc, companies, china, markets, market, experts, wants, exchange, devaluation, yuan, stable, trade, strategy, cny, risk, chinese


US wants a more stable yuan, China wants that too: Experts

“The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk.”

That reportedly hasn’t stopped the White House from seeking assurances there’d be no devaluation, but that American pursuit for yuan stability is “superfluous,” according to Mizuho Bank Head of Economics and Strategy Vishnu Varathan.

“Fact is, the PBoC is also after a stable CNY,” he said, using the three-letter abbreviation for the Chinese yuan (which is also called the renminbi, or RMB).

The world’s second-largest economy has been on a drive to open up its financial sector, and has also been pushing for more international use of the yuan. So, it’s already in China’s interest to maintain currency stability as Beijing opens domestic markets up to international investment, said Tuan Huynh, emerging markets chief investment officer at Deutsche Bank Wealth Management.

“The idea of CNY devaluation as a (mercantilist) strategy is not only outdated, but is also misguided,” Varathan said. “Beijing’s struggle at the margin is to prevent abrupt and excessive slide in the CNY (brought about by US-China trade risks, which in turn could trigger capital outflows and asset market wobbles).” Editor’s note: Varathan included the above parentheses in his emailed comments to CNBC.

“The risk of Beijing engaging in CNY devaluation is an overstated, if not imagined, risk,” he said.

Chinese authorities also dismissed such concerns in a press conference on Wednesday, following Bloomberg’s report that sources familiar with the trade negotiations said Trump’s team is asking China to keep the yuan stable.

“First, China, as a responsible major country, has made clear its position repeatedly that it does not engage in competitive devaluation. Second, we will not use the RMB exchange rate as a tool amid trade disputes,” said Chinese Foreign Ministry spokesman Geng Shuang.

He added: “Third, we hope the US can respect law of markets and objective facts, and refrain from politicizing exchange rate issues.”

Jameel Ahmad, global head of currency strategy and market research at foreign exchange broker FXTM, echoed that sentiment, saying the idea of a Chinese devaluation is not worthy of attention “in the current day and age.”

If anything, he added, a neutral observer would expect Beijing’s “preference would be for strength in the Chinese currency, because of the impact this can have on risk appetite and emerging market sentiment.”


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: weizhen tan, afp, getty images, -vishnu varathan, mizuho bank head of economics
Keywords: news, cnbc, companies, china, markets, market, experts, wants, exchange, devaluation, yuan, stable, trade, strategy, cny, risk, chinese


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Morgan Stanley: China’s debt is set to worsen, but there’s less risk from shadow banking

China’s debt problem is set to worsen this year, according U.S. investment bank Morgan Stanley — but Beijing is expected to better manage the risks of people borrowing from non-official channels this time, compared to years ago. Shadow banking refers to activities performed by financial firms outside the formal banking sector, and therefore subject to lower levels of regulatory oversight and higher risks. State-owned banks usually prefer lending to companies owned by the government, which are co


China’s debt problem is set to worsen this year, according U.S. investment bank Morgan Stanley — but Beijing is expected to better manage the risks of people borrowing from non-official channels this time, compared to years ago. Shadow banking refers to activities performed by financial firms outside the formal banking sector, and therefore subject to lower levels of regulatory oversight and higher risks. State-owned banks usually prefer lending to companies owned by the government, which are co
Morgan Stanley: China’s debt is set to worsen, but there’s less risk from shadow banking Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: weizhen tan, -robin xing, chief china economist at morgan stanley
Keywords: news, cnbc, companies, stanley, firms, chinas, private, transparent, manageable, shadow, banking, told, worsen, theres, debt, xing, risk, morgan, set


Morgan Stanley: China's debt is set to worsen, but there's less risk from shadow banking

China’s debt problem is set to worsen this year, according U.S. investment bank Morgan Stanley — but Beijing is expected to better manage the risks of people borrowing from non-official channels this time, compared to years ago.

China’s debt in relation to its economy is expected to climb by three to four percentage points of its economy, Morgan Stanley’s Chief China Economist Robin Xing told CNBC on Friday, referring to the debt-to-GDP ratio.

“This time, it’s a bit different because they are using more manageable, or transparent leverage rather than re-opening shadow banking,” Xing told CNBC, saying that the Chinese government is increasing the quota of local special bonds, which are essentially backed by the state.

Shadow banking refers to activities performed by financial firms outside the formal banking sector, and therefore subject to lower levels of regulatory oversight and higher risks.

State-owned banks usually prefer lending to companies owned by the government, which are considered safer borrowers than private firms. As a result, private companies have turned to shadow banking, contributing to China’s overall debt levels.

“Despite the temporary increase in the debt-to-GDP ratio, it’s much more manageable and transparent than 2013 to 2017, when shadow banking was surging,” Xing concluded.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: weizhen tan, -robin xing, chief china economist at morgan stanley
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