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...Additional reporting by Christine Murray, Ciara Nugent and Joe Daniels...
...The closely watched meeting between US President Joe Biden and Chinese President Xi Jinping that ended Thursday morning, east Asia time, was generally positive in the sense that the two leaders were finally...
...“Domestic demand is weak, the property sector is collapsing, we have zero CPI inflation and producer prices are falling — all of this is good for exporters,” said Ting Lu, chief China economist at Nomura...
...Prior to the data release, Nomura chief China economist Ting Lu said economic indicators in January and February taken together should show a fuller picture....
...Nomura declined to comment on the matter. Wang did not immediately reply to a request for comment....
...Nomura analysts said ahead of the PMI release that they expected a reading of 49.3 for November....
...Senior Nomura banker Charles Wang Zhonghe, who had been at ICBC’s international arm, was banned from leaving mainland China last year....
...Nomura’s chief China economist Ting Lu said in a research note that next year would be slightly better for China’s exports, which he forecast would fall 1.5 per cent year on year, compared with a 5 per cent...
...“It is too early to call the bottom for the property sector,” says Nomura chief China economist Ting Lu....
...Nomura raised its gross domestic product forecast for 2023 to 4.8 per cent from 4.6 per cent, but maintained a projection of 3.9 per cent for the following year and a “cautious growth outlook”....
...“In our view, though these easing measures are very welcomed, they are definitely not enough to turn things fully around,” Nomura said....
...“The moderate rise in home transactions in top-tier cities might further squeeze low-tier cities,” Nomura analysts wrote in a note, adding that the emergence from deflation could be due to higher commodity...
...Joe Mezrich is the founder of Metafoura, and the former head of quantitative equity research at Nomura Securities International....
...Corinthia Global Management, a platform backed by Nomura, is hiring a private credit team of more than 20 people from Barings, Bloomberg reported....
...“The ultra-low inflation reading lends supports to our view that the PBoC is likely to implement two more rounds of policy rate cuts,” Nomura economists wrote in a research note....
...Taiwan Semiconductor Manufacturing Company’s decision to bring its latest technology to America is a big step forward for US President Joe Biden’s quest for security in the vital tech supply chain — but...
...Tetsuya Inoue, a former BoJ official who is now a senior researcher at Nomura Research Institute, said the move was akin to policy tightening....
...Transaction volume by floor space contracted 19.2 per cent year on year in June from a decline of 3.5 per cent in May, Nomura said based on a sample of 330 cities covered by the data service Wind....
...at Nomura Research Institute....
...“It’s not enough,” said Ting Lu, chief China economist at Nomura, of the expected rate cut. “The real reason for the weak growth now is not about high interest rates....
...Analysts at Nomura forecast that this could amount to an extra Rmb500bn ($70bn) of LGSBs, on top of the untapped portion of this year’s annual quota of Rmb1.86tn....
...Nomura forecast that China’s export industries would remain under pressure due to “the ongoing global tech downturn, heightened global financial market turmoil and deteriorating US-China trade relations”...
...US-Pacific Islands summit: US president Joe Biden hosts leaders of the Pacific Islands Forum at the White House....
...According to a sample of 25 cities, prices of existing homes declined by 1.4 per cent in June compared with May, accelerating falls in the previous months, Nomura said, citing Beike Research Institute data...
...“The inflation outlook is definitely improving,” said Jeremy Schwartz, senior US economist at Nomura....
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