• 3 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 6 minutes This Battery Uses Up CO2 to Create Energy
  • 10 minutes Phase One trade deal, for China it is all about technology war
  • 12 minutes Trump has changed into a World Leader
  • 3 hours Indonesia Stands Up to China. Will Japan Help?
  • 1 hour We're freezing! Isn't it great? The carbon tax must be working!
  • 16 mins US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 7 hours Shale Oil Fiasco
  • 21 hours Might be Time for NG Producers to Find New Career
  • 1 min Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 4 hours Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 8 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 14 hours Beijing Must Face Reality That Taiwan is Independent
  • 18 hours Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard
  • 24 hours Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
  • 1 day China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Alt Text

The Worst Oil Trades Ever Made

Wall Street is full of…

Alt Text

Another OPEC Producer Looks To Back The Aramco IPO

As the world’s largest initial…

Matt Smith

Matt Smith

Taking a voyage across the world of energy with ClipperData’s Director of Commodity Research. Follow on Twitter @ClipperData, @mattvsmith01

More Info

Premium Content

Chinese Market Growth During the Year of the Snake

So the Lunar New Year this week in China has given a welcome pause for thought after a rather frenetic period of seemingly stronger data coming through from leading emerging market. So in an effort to assess whether the recent turnaround is a seasonal swing, a false dawn, or a true trend, here’s a random collection of tidbits I have gathered together to slowly digest.

–Chinese electricity demand is often seen as a better indicator than GDP…and it is pointing to a return to growth. It reached a four-month high in December.

China Electricity Production

–China has now surpassed the US to become the largest global trading power.

–Snakes apparently don’t have eyelids.

–A word of caution! The Year of the Snake is the only one of the twelve Chinese lunar calendar years where the S&P500 has a losing record, falling an average of 2.9% and only rising 3 of 9 snake years since 1900.

Related article: Reasons Why the Oil Market is the Same as the S&P 500

–There is a limited number of Chinese economic indicators that can actually be trusted. Industrial production and retail sales are two such examples, and both are showing a recent rebound – affirming the increase in electricity production and the recent pick up in economic growth (although some consider it overstated).

Industrial Production v Retail Sales

–In the last week, revelers in the Philippines attempted to get into the Guinness world record for the longest human snake dance.

–China now accounts for nearly half of the world’s new money supply.

–A snake’s ears are on the inside (?!).

Related article: The Dogs Of The Dow - #1 - in a Series

China: Apparten Oil Demand
source:IEA

–China’s January crude imports rose 7.4% to 5.95 million barrels a day, while sources show oil demand rose to a record in December. That said, the latest monthly report from the IEA saw them adjust their methodology for measuring China’s oil demand, raising the question as to whether any estimate is accurate. The IEA also tempered optimism on a Chinese rebound.

–Due to the year of the snake, serpent sales have spiraled higher.

–And finally, this is absolutely nuts. The growth of China is perhaps best highlighted through this image from space in 1992…and now.

By. Matt Smith




Download The Free Oilprice App Today

Back to homepage




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play