Saturday’s China PMI data were frankly shocking. Manufacturing was at 35.7 and services at 28.9: these are not recessionary levels, but outright depressionary. The private Caixin PMI was also awful at 40.3, again saying a deep downturn is biting. Of course, the real issue is if we get a V-shaped recovery in output - or in virus infections. Optimists, and Chinese stocks this morning, are cheering the former – and Chinese stocks are always freely traded and never, ever manipulated by the authorities, as well all know. Realists, and NASA satellite imagery of no pollution over China, lean towards the latter: as does one anecdotal, unsubstantiated report trending over the weekend that China has been ordering factories to leave the lights on to make them look busier from space and to boost electricity output in case pesky foreigners start trying to use that as a GDP proxy.
“We believe markets might underestimate the scale of the current growth slump. Due to a slower-than-expected rate of business resumption, we have cut our year-on-year Q1 real GDP growth forecast to 3.0% and expect Beijing to ramp up policy easing measures in coming months. That said, the likelihood of another round of massive stimulus appears low as policy space remains limited.”
In short, for China - which was the world's growth dynamo during the global financial crisis and helped the world rebound from the 2009 global depression while raking up tens of trillions in debt - the end of the economic road may finally be here.
as does one anecdotal, unsubstantiated report trending over the weekend that China has been ordering factories to leave the lights on to make them look busier from space and to boost electricity output in case pesky foreigners start trying to use that as a GDP proxy.
Movebubble enters partnership with EcoWorld With this partnership, Movebubble will market a selection of eco-friendly built-to-rent homes. Movebubble has announced a new long-term partnership with sustainable property developer EcoWorld and will market a selection of the development group's London-based Build-to-Rent homes on its platform. EcoWorld is committed to providing sustainable property worldwide with green initiatives like water harvesting, solar panels and responsible living. It’s preserving natural environments before creating green-friendly developments while teaching others on the importance of sustainable solutions. Be:here Hayes is the first co-living development from EcoWorld that will feature on Movebubble. It’s also the first sustainable property to feature on the platform and provides environmental-friendly renters with green living options.
Movebubble CEO, Aidan Rushby, welcomes the partnership with EcoWorld, saying:
"Our exciting partnership with EcoWorld allows us further to increase the number of high-calibre co-living spaces available on the Movebubble platform while providing properties that take a mindful approach to sustainable consumption. "Renters are becoming more aware of green solutions, and co-living developments such as be:here Hayes provides a sustainable approach to living and renting in the capital.” Located in Hayes, be:here is just 300 yards away from Hayes & Harlington station, which will feature a stop on the much-anticipated Elizabeth Line (Crossrail).
Part of the Old Vinyl Factory, be:here Hayes is an eco-friendly co-living space with 119 homes comprised of one and two-bedroom apartments. The development is pet-friendly and features on-site concierge services and free super-fast 30 Mbps broadband for residents.
Be:here Hayes caters to the lifestyle needs of renters with restaurants, leisure facilities and a 7,000 sq ft roof terrace for its residents at the development. It also taps into the musical past of the Old Vinyl Factory with a live music venue.
National Geographic is one of its green partners, and be:here Hayes is the latest sustainable offering in London. Vinny Bhander, Managing Director of Residential Investment at EcoWorld, welcomes the partnership with Movebubble, saying:
“We’re excited about marketing our properties with Movebubble. “Be:here Hayes is an exciting development that was built for the modern-day renter, and Movebubble provides the perfect platform to market it to London’s growing number of renters.”
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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