13th November 2014 - Chinese Markets Calm Before Economic Data Released

Nov. 13, 2014 - PRLog -- Stock Port Associates is one of the world’s largest and most established offshore investment firms operating within a tax-favorable jurisdiction. Whether it’s dealing with new regulations, setting up an offshore presence, attracting new investors or identifying independent directors, we have the expertise to assist you.

13th November 2014 - Chinese Markets Calm Before Economic Data Released.

Major Chinese Indexes:

Hang Seng          23,969.60 (+0.13%)

SSE Comp          2,488.71 (-0.23%)

Local markets in China were muted today ahead of the release of a string of economic data later in the day.

The Chinese economy keeps coming into question this year and more specifically how reliable the data actually is.

Most recently their export data has left much to the imagination and has raised some concerns, and red flags as to whether the data supplied can be trusted. Even local press has expressed some surprise at the data produces and its validity.

Expected later today we will see Industrial Output figures, Retail Sales and Investment data all of which have been forecast down on previous months. Most alarming is that Fixed Asset Investment, a key guide to the economy's strength is predicted to be down to its lowest level in 13yrs for the period from January to October 2014.

China, the second largest economy in the world has long been the benchmark for developing growth. Pegged to grow at 7.5% GDP this year many analysts believe we may be looking closer to 7% once the figures are properly disseminated.

This being said, just this week during China's 'Singles Day' Alibaba, the world's largest retailer managed sales of over $9bn, almost double 2013's sales. With an estimated 200 million packages shipped on the day, there are signs that the Chinese consumers are still happy to spend their money on their economy.

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