• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 58 mins Is OilPrice a cover for Green Propganda
  • 6 hours Putin Paid Militants to Kill US Troops
  • 4 hours In a Nutshell...
  • 6 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 6 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 20 mins Victor Davis Hansen on Biden's mental acuity " . . unfit to serve". 1 out of 5 Democrats admit it. How many Dem's believe it but will not admit it?
  • 1 day Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 1 hour Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 1 day Apology Accepted!
  • 6 hours The Political Genius of Donald Trump
  • 1 day Why Oil could hit $100
  • 2 days Biden came out of his basement today (Thursday) and said , "we have 120 Million deaths from Covid 19.
  • 2 days U.S. natural gas at major disadvantage in Europe and China.
  • 1 day Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link
The Worst Oil Trades Ever Made

The Worst Oil Trades Ever Made

Wall Street is full of…

Another OPEC Producer Looks To Back The Aramco IPO

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