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International

China Shipbuilding Output Rises 46% in Q1

The Chinese shipbuilding sector's output grew 46% year over year to about 15.7 million deadweight tonnes in the first quarter, Xinhua News Agency reported Saturday, citing the Ministry of Industry and Information Technology.The figure comprised 57% of the global total, the report said.New orders soared 195% to 59.5 million DWT, equivalent to about 85% of the global market share.Holding orders increased 44% to 322.3 million DWT, equivalent to about 70% of the worldwide total.

Shanghai Composite^SZSE
International

Market Chatter: China Auto Sales Slump for Seventh Month in April, But Exports Surge

China's domestic car sales fell for a seventh consecutive month in April, dropping 22% year on year to 1.4 million vehicles, Reuters reported Monday, citing data from the China Passenger Car Association.The CPCA said combustion engine cars underperformed due to high oil prices, while plug-in hybrid demand also remained sluggish, according to the report.Sales of electric vehicles and plug-in hybrids, which made up 61% of total sales, declined 6.8%,. This marked a fourth straight month of losses, Reuters wrote.EV and plug-in hybrid exports jumped 112% from a year earlier, exceeding the 80% rise in overall car exports, according to the report. Global fuel price spikes, driven by the U.S.-Israeli conflict with Iran, boosted overseas EV demand.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
China's Trade Surplus Widens in April as Export Growth Accelerates
US Markets

China's Trade Surplus Widens in April as Export Growth Accelerates

China's trade surplus widened significantly in April, boosted by a sharp jump in exports that surpassed market expectations amid geopolitical conflicts.The trade surplus grew to $84.8 billion in April from $51.1 billion in March, according to a release from China's customs administration on Saturday.The increase came as exports grew 14.1% year over year to $359.4 billion, faster than the 2.5% jump in exports in March and against analysts' 7.9% growth forecast in a Reuters poll.Analysts attributed the expansion to companies rushing to fulfill a wave of overseas orders to beat war-driven costs, according to a Reuters report.Meanwhile, exports to the US rose 11.3%, the fastest in 15 months, amid a widening merchandise trade deficit, Bloomberg said.China's external growth trend is seen to expand this year, and the next few months could benefit from a rebound in exports to the US, ING analysts said in a note on Saturday.Semiconductors could also push exports upward, according to Reuters."The conflict in the Middle East pushed up demand for global manufacturing inventory replenishment, and under the upward cycle of semiconductors, ​imports and exports maintained a boom," the newswire quoted ANZ (ASX:ANZ, NZE:ANZ) Senior China Strategist Xing Zhaopeng as saying.While the conflict in Iran is contributing a little to a halt in overseas sales, economic activity indicators stayed weak, Bloomberg Economics said.Meanwhile, imports climbed 15.3% to $274.6 billion, slower than the 27.8% expansion in March, but slightly faster than the 15.2% market forecast.China's total goods trade reached $634.1 billion in the first four months of 2026, up 18.7% from the previous year.

Shanghai Composite^SZSEASX:ANZNZE:ANZ
Update: China's Factory-Gate Inflation Surges to 45-Month High, Topping Expectations
US Markets

Update: China's Factory-Gate Inflation Surges to 45-Month High, Topping Expectations

(Updated the headline to add "Factory-Gate"; updated the first paragraph to note that inflation accelerated)China's inflation accelerated in April, with producer prices surging to their highest level in nearly four years, driven by global energy volatility.The consumer price index climbed 1.2% year on year, according to Monday data from the National Bureau of Statistics, rising higher than 1% in the prior month and beating market estimates of a 0.9% rise.The prices for the non-food sector rose by 1.8%, but food prices dropped by 1.6%.Within the food category, meat prices declined by 6.7%, with pork prices surprisingly slumping 15.2%.Analysts believe the drag on pork prices will wane in the coming months, especially with pork prices expected to stabilize ahead of Beijing's upcoming Politburo."Destocking will likely quicken as the top leadership has called to stabilize pork prices at April's Politburo meeting," ANZ's senior China strategist, Zhaopeng Xing, said in a note. "We expect pork price to bottom out in H2 2026.""We expect this drag to fade in the coming months, though China's typical pork cycle could be affected by ongoing deals to buy soybeans, leading to oversupply," Lynn Song, ING's chief economist for Greater China, said. "With soybeans as a key input for pig feed, excess supply could potentially keep pork prices suppressed longer than normal."Meanwhile, China's producer price index jumped 2.8% in April from a year earlier, accelerating from the 0.5% growth in March, NBS data showed.The PPI surpassed market estimates of a 1.8% rise, as well as the 1.6% climb predicted by analysts surveyed by Reuters.Energy-related industries posted the largest year-over-year changes, reflecting the impact of the Middle East conflict on oil and energy prices.The oil and gas extraction sectors grew by 28.6%; petroleum, coal, and other fuel processing industries increased by 14.2%; and non-ferrous metal mining and beneficiation rose by 38.9%.ANZ estimated that gasoline's weight in the CPI was reduced to 2.9% from 3.3%, reflecting a shift towards electric vehicles as the Iran war caused oil prices to jump.However, the prices of consumer goods, especially food, clothing, and other daily necessities, all dropped, as did the prices of durable consumer goods.Song said it is likely that China's central bank may hold interest rates steady as a result of the better-than-expected CPI and PPI."It looks increasingly likely that such a move won't happen until at least the second half of the year, barring a significantly sharper-than-expected deterioration in activity data ahead," Song said.

Shanghai Composite^SZSE
China's Inflation Surges to 45-Month High, Topping Expectations
US Markets

China's Inflation Surges to 45-Month High, Topping Expectations

China's inflation cooled less than expected in April, with producer prices surging to their highest level in nearly four years, driven by global energy volatility.The consumer price index climbed 1.2% year on year, according to Monday data from the National Bureau of Statistics, rising higher than 1% in the prior month and beating market estimates of a 0.9% rise.The prices for the non-food sector rose by 1.8%, but food prices dropped by 1.6%.Within the food category, meat prices declined by 6.7%, with pork prices surprisingly slumping 15.2%.Analysts believe the drag on pork prices will wane in the coming months, especially with pork prices expected to stabilize ahead of Beijing's upcoming Politburo."Destocking will likely quicken as the top leadership has called to stabilize pork prices at April's Politburo meeting," ANZ's senior China strategist, Zhaopeng Xing, said in a note. "We expect pork price to bottom out in H2 2026.""We expect this drag to fade in the coming months, though China's typical pork cycle could be affected by ongoing deals to buy soybeans, leading to oversupply," Lynn Song, ING's chief economist for Greater China, said. "With soybeans as a key input for pig feed, excess supply could potentially keep pork prices suppressed longer than normal."Meanwhile, China's producer price index jumped 2.8% in April from a year earlier, accelerating from the 0.5% growth in March, NBS data showed.The PPI surpassed market estimates of a 1.8% rise, as well as the 1.6% climb predicted by analysts surveyed by Reuters.Energy-related industries posted the largest year-over-year changes, reflecting the impact of the Middle East conflict on oil and energy prices.The oil and gas extraction sectors grew by 28.6%; petroleum, coal, and other fuel processing industries increased by 14.2%; and non-ferrous metal mining and beneficiation rose by 38.9%.ANZ estimated that gasoline's weight in the CPI was reduced to 2.9% from 3.3%, reflecting a shift towards electric vehicles as the Iran war caused oil prices to jump.However, the prices of consumer goods, especially food, clothing, and other daily necessities, all dropped, as did the prices of durable consumer goods.Song said it is likely that China's central bank may hold interest rates steady as a result of the better-than-expected CPI and PPI."It looks increasingly likely that such a move won't happen until at least the second half of the year, barring a significantly sharper-than-expected deterioration in activity data ahead," Song said.

Shanghai Composite^SZSE
International

Chinese Investments in Brazil Reach $6.1 Billion in 2025, Research Says

China invested $6.1 billion across 52 projects, making Latin America's top economy China's number one investment destination in 2025, the China-Brazil Business Council said in its annual report Thursday.The value is 45% higher compared with the year-ago period, while the number of investments is 33% higher year over year, the council said.Brazil comprised about 11% of China's overseas investments, the CEBC said.

Shanghai Composite^SZSE
Asia

Value of Offshore M&As by Chinese Companies in Q1 Rises to Highest Since 2020, Think Tank Says

Overseas mergers and acquisitions by Chinese companies surged the fastest in five years during the first quarter, according to data from think tank Rhodium Group.In the first quarter, offshore M&A reached $9.6 billion, increasing for the fifth straight quarter to the highest quarterly value since the last quarter of 2020, the group said.The quarter's largest transaction was the purchase of Canadian miner Allied Gold by Zijing Mining (SHA:601899, HKG:2899) unit Zijin Gold International's (HKG:2259) for CA$5.5 billion, the think tank said.

Shanghai Composite^SZSE
Asia

Market Chatter: Beijing's Tight Supervision on Car Price Competition Could Push Out Weaker Manufacturers, S&P Says

China's tight supervision of the heated price competition in the electric vehicle sector could spell lending pressure on mainland car manufacturers and push out weaker, debt-ridden carmakers, the South China Morning Post reported Friday, citing S&P Global Ratings."Financially fragile players that struggle to keep pace with government guidance will exit the market or be absorbed," the newspaper quoted S&P Global Ratings as saying.Larger carmakers could benefit more from the competition, while tighter oversight would also mean a "leaner, more disciplined sector" but with probable failures and lost capital, the report said, citing the debt watcher.Car makers in China relied on extended payment cycles to allow liquidity for research and development while absorbing the pressure of deep price cuts amid the fierce competition, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
Asia

China's Stocks Muted Over Fresh Blows Between US, Iran

China's shares were flat, leaning in negative territory, at the closing of the trading week as global sentiment slumped over the U.S. and Iran trading fire despite the ceasefire.The Shanghai Composite Index marginally slipped to cap Friday's trade at 4,179.95. The Shenzhen Component Index dropped 0.5%, or 78.09 points, to 15,563.80.U.S. President Donald Trump said the ceasefire is still in effect despite trading blows with Iran. Tehran claimed the U.S. forces targeted civilian areas, while the U.S. said its forces hit Iranian military facilities that attacked its warships in the Strait of Hormuz.In corporate news, Geo-Jade Petroleum (SHA:600759) dropped 5% as its controlling shareholder, Guangxi Zhenghe Industrial Group, faces bankruptcy.Suzhou Zelgen Biopharmaceuticals (SHA:688266) fell 3% despite the third phase trial for recombinant human thyrotropin alfa for injection reaching the primary endpoint in differentiated thyroid cancer patients without distant metastases.

Shanghai Composite^SZSESHA:600759SHA:688266
Asia

China's Structured Finance Issuance Grows 4.5% in Q1, S&P Says

New structured finance issuance in China reached 415 billion yuan in the first quarter of 2026, rising 4.5% year over year, S&P Global Ratings said in a recent release.Issuances backed by lease receivables assets, corporate receivables assets, and consumer drove the expansion and had a share of about 40% of total issuance, S&P said.Arrears in auto loan asset-backed securities were flat from December 2025, although S&P expects still-heightened levels given linger property market slowdown and weak consumption.

Shanghai Composite^SZSE
Asia

Market Chatter: Trump Administration to Invite CEOs to China Trip

The government of U.S. President Donald Trump is looking to invite CEOs from Nvidia, Apple, Exxon, Boeing, and other big firms to join him in his visit to China within the month, news website Semafor reported Thursday.CEOs from Qualcomm, Blackstone, Citigroup, and Visa also received invitations, the report said.Qualcomm CEO Cristiano Amon confirmed his attendance "as long as the trip goes ahead as planned," Reuters reported separately, citing a person familiar with the matter.Citigroup CEO Jane Fraser is also going on the trip, the newswire also said, citing another source.U.S. Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and U.S. Ambassador to China David Perdue suggested attendees for Trump's visit, according to Semafor.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
International

China Slams EU Restrictions on Solar Inverter Funding

China criticized the European Commission for restricting European Union funds for projects using Chinese inverters.A spokesperson for the Ministry of Commerce argued that EU's classification of China as a "high-risk country" has no basis and that the move serves only to stigmatize and discriminate China and its products.The South China Morning Post reported in April that EC President Ursula von der Leyen approved a proposal to block projects involving Chinese inverters from accessing EU funds.Siobhan McGarry, a spokeswoman for EC, confirmed the move to SCMP, saying they have taken "concrete action" to implement these measures, including the development of guidance for the restriction, according to a Tuesday SCMP report.

Shanghai Composite^SZSE
International

China's Forex Reserves Rise 2% in April

China's foreign exchange reserves in April rose 2.05% month on month to $3.410 trillion, according to the State Administration of Foreign Exchange on Thursday.The rise in forex was attributed to the combined effects of the exchange rate conversion and asset price changes as the U.S. dollar dropped amid various external factors.

Shanghai Composite^SZSE
Asia

Market Chatter: China Creditors Seek Redress from Hong Kong Courts to Enforce Collection Rulings

Chinese creditors finding difficulty chasing payments from distressed mainland property developers are seeking help from courts in Hong Kong, Bloomberg reported Thursday.Courts in the city could rule on mainland cases under reciprocal recognition arrangements established in recent years to help with cross-border enforcement of commercial and insolvency cases, the report said.Among the cases being heard under these rules is Beijing Oriental Yuhong Waterproof Technology's (SHE:002271) motion to enforce an onshore ruling against Sunac China (HKG:1918) Chairman Sun Hongbin, who was ordered to pay 418.5 million yuan, the report said.Should the Hong Kong court rule in favor of Yuhong, it could seek to open Sun's offshore assets and take action on the waterproofing company's case against Sunac China's chairman, according to Bloomberg.The lawsuit could open avenues for onshore creditors to seek redress in Hong Kong against Chinese creditors, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Hang SengShanghai Composite^SZSEHKG:1918SHE:002271
Asia

Government's Anti-Involution Efforts to Squeeze Chinese Carmakers, S&P Says

Shorter payment periods to suppliers amid the government's anti-involution campaign will pressure Chinese automakers' working capital, S&P Global Ratings said in a recent release.The truncated payment periods will dampen the carmakers' liquidity and increase their borrowing needs, S&P said.The government also persuades car companies to pay their small and midsize suppliers within 60 days after delivery to narrow their financial burden, S&P credit analyst Stephen Chan said.Anti-involution could relax price competition, but it will also pressure carmakers' cash flow generation during the transition part, the analyst said.Constrained cash flow will potentially boost funding needs and quicken market consolidation, the rating agency said.

Shanghai Composite^SZSE
International

Market Chatter: China's Corporate Profits Decline for Third Straight Year in 2025

Net profit of 5,400 listed Chinese nonfinancial firms fell 2% to 2.54 trillion yuan in 2025, marking the third consecutive annual decline, Nikkei Asia reported Thursday.Loss-making companies surged to 1,458, or 27% of the total, nearly 100 more than the previous record in 2024, according to the report. By comparison, only 2% of Tokyo's prime market-listed companies are unprofitable.Real estate developer China Vanke's (HKG:2202, SHE:000002) net loss widened 80% to 88.5 billion yuan. Of 108 property developers, 59 posted losses, Nikkei Asia wrote.Retailers also struggled as weak housing markets dampened consumer sentiment, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:2202SHE:000002
Asia

Chinese Stocks Jump Over Potential US-Iran Deal

Chinese equities made gains for a second day as sentiment was uplifted over the possibility of the U.S. and Iran striking a deal.The Shanghai Composite Index rose 0.5%, or 19.92 points, to finish Thursday's trade at 4,180.09. The Shenzhen Component Index jumped 1.2%, or 182.27 points, to 15,641.89.U.S. President Donald Trump said the U.S. and Iran had "very good talks" after the U.S. handed a proposal in ending the war.In corporate news, Far East Smarter Energy (SHA:600869) jumped 7.3% after receiving contract orders worth 2.63 billion yuan in April.Inner Mongolia Xingye Silver & Tin Mining (SHE:000426) climbed 6.6% after a unit agreed to fully acquire Tibet Sunshine Mining Investment for 164 million yuan.Jinko Power Technology (SHA:601778) rose 3.8% after deciding not to redeem early bonds worth 3 billion yuan despite its redemption clause being triggered.

Shanghai Composite^SZSESHA:600869SHA:601778SHE:000426
Asia

Market Chatter: EU Faces 368-Billion-Euro Cost to Phase Out Chinese Suppliers

Phasing out Chinese telecom and energy equipment could cost the European Union 367.8 billion euros from 2026 to 2030, Reuters reported Wednesday, citing the China Chamber of Commerce.The EU plans to remove "high-risk" suppliers under new cybersecurity rules, according to the report.Germany would bear the heaviest burden at 170.8 billion euros, followed by France, Italy, Spain, Poland and the Netherlands. Energy and telecom sectors would be hit the hardest, Reuters wrote.Beijing has demanded the removal of related clauses and threatened countermeasures unless substantial changes are made, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE
International

Tourism, Family Visits Drive China's May Day Holiday Trips

China logged a 3.5% increase to a record 1.52 billion inter-regional passenger trips during the five-day May Day holiday, driven by strong tourism and family visit demand, according to the Ministry of Transport.Road travel climbed 3.5% to 1.39 billion trips. Railway trips rose 4.6% to 106.4 million.Waterway trips declined 1.4% to 8.5 million, while civil aviation declined 5.7% to 10.5 million trips.

Shanghai Composite^SZSE
International

China's Overseas Visitor Payments Surge 45% During May Day Holiday

Overseas visitor payment transactions in China jumped 45% year on year during the five-day May Day holiday, with total value rising 37%, according to the People's Bank of China.Foreign nationals' border crossings reached 1.3 million, up 13%. This included 436,000 visa-free entries, a 15% increase.China UnionPay and NetsUnion processed 28.9 billion transactions totaling 7.85 trillion yuan, respectively rising 23% and 2.7%.

Shanghai Composite^SZSE

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