Monday, December 11, 2017

Today's Headlines

  • China Credit Growth Exceeds Estimates as Funding Remains Buoyant. China’s broadest gauge of new credit and an index of loan growth both exceeded projections, signaling that a government push against leverage hasn’t crimped lending.
  • How China's Debt Crackdown Could Start Weighing on the Economy. (video) China’s sweeping deleveraging push is poised to inflict more pain next year. Authorities tightening funding in financial markets and reining in excessive borrowing will likely deal a blow to investment in infrastructure and property, while soaring corporate funding costs may damp business expansion. That could add to headwinds facing an economy expected to grow at the slowest pace in more than a quarter century next year, complicating the balancing act for policy makers who want to defuse the country’s debt bomb without derailing the expansion. Six charts show how the purge will pressure the economy:
  • Chinese Regulator Cracks Down on Booming Hedge-Fund Industry.
  • Trump to Direct NASA to Send Astronauts Back to Moon and to Mars. President Donald Trump on Monday will direct the National Aeronautics and Space Administration to send American astronauts back to the moon and eventually to Mars, shifting the agency’s mission from the study of Earth and a longer-range plan to explore Mars.
Wall Street Journal:

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