📉 China lets itself down

China's lagging behind | Oil companies are seeing the light | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for September 8th in 3:10 minutes. 🗣 Got a friend who won’t stop talking your ears off about their latest investments? Let us take them off your hands: we’re looking for 25 Finimizers to host 15-minute talks with investing experts. They’ll walk away with live interview training, a huge professional network, and exposure to our million-strong audience. [Apply yourself or nominate that chatty mate](. Applications close soon. Today's big stories - China upped its exports by less than expected last month - This century-old theory can reward you if you understand it, and knock you out if you don’t – [Read Now]( - Green-minded Repsol’s selling a stake in its traditional oil and gas business No Bull In This China Shop [No Bull In This China Shop] What’s Going On Here? [Data]( out on Wednesday showed a drop-off in the growth of Chinese exports. What Does This Mean? Canny investors know that shrinking export growth is a canary in the coal mine for the health of the Chinese economy, and new data suggests that canary’s looking a little worse for wear. Falling global demand and seemingly endless Covid restrictions have hit Chinese exports hard: August’s 7% uptick from the same time last year is a far cry from the 13% that was expected. What’s worse, economists now think single-digit growth mightn't be an exception going forward: in fact, it could easily become the new rule. And with last month’s import growth stunted at a measly 0.3%, China will be hard pushed to plug the gap with domestic demand. Why Should I Care? For markets: The yuan’s looking iffy. Weaker exports mean less money flowing into China, weakening its domestic currency as a result. Add an especially sturdy US dollar to the mix, and suddenly the prospect of the yuan crossing the 7-per-dollar mark looks increasingly likely. But the Chinese government – busy preparing for its twice-a-decade party reshuffle next month – is doing its darndest to stop a disorderly plunge in the currency from upsetting stocks and hitting the wider financial system. That’s probably why the central bank has been [taking]( steps to stymie the currency’s depreciation, which include this week’s decision to let banks hold less foreign currency in reserve. The bigger picture: China’s still in the ascendant. China has its fair share of issues, sure, but analysts at Oxford Economics still [believe]( its economy will grow an average of roughly 4.5% this decade, and stay steady at 3% the decade after. And while that does mean China would miss its grandiose target of doubling its economy between 2020 and 2035, the numbers still show China outstripping the US to take the throne as the world’s biggest economy by 2033. You might also like: [How to protect your portfolio as tensions between China and Taiwan rise.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=No Bull In This China Shop&utm_campaign=daily-global-08-09-2022&utm_source=email) Analyst Take How To Spot The Crypto Bottom Using A Century-Old Method [How To Spot The Crypto Bottom Using A Century-Old Method]( By Jonathan Hobbs, Analyst Way before crypto was a thing, investor Richard Wyckoff came up with a theory about [what drives market prices](. That theory? Big-money investors repeatedly [fleece smaller retail investors]( by moving the market for their own benefit. They play a game that has four stages, he says – and it describes [crypto to a tee](. That’s today’s Insight: [how Wyckoff’s century-old method can help you spot a crypto bottom](. [Read or listen to the Insight here]( SPONSORED BY WEISS RATINGS The million-dollar secret Dr Martin Weiss has been helping folk make money – in good times and bad – for 50 years. This year sure feels like “the bad”, so it’s the perfect time for [the founder of Weiss Ratings]( to share his best advice in [a short video]( you can watch today for free. You’ll find out how to [build a protective bubble]( around your assets, which stocks Dr Weiss is steering clear of right now, and [six steps]( to help you build wealth even during a market slump. On top of that, Dr Weiss will let you in on [his family’s million-dollar bear market secret](, designed to help you [turn petty cash into seven figures](. That’s barely scratching the surface: [discover all those tips and more with just one click.]( [Watch The Video]( Repsol’s Seeing Green [Repsol’s Seeing Green] What’s Going On Here? Repsol [announced]( on Wednesday that it’s selling a stake in its oil and gas business. What Does This Mean? Oil companies know they need to clean up their emission-exuding acts if they want to keep investors sweet, but they also know dirtier traditional fuels make them the dough they need to pay their shareholders and fund clean energy initiatives. That’s a tricky balance to strike, but it looks like Repsol might’ve struck it: Spain’s biggest oil and gas producer announced on Wednesday that it’s selling 25% of its traditionally-focused exploration and production business to specialist energy investor EIG ([tweet this](). The nearly $5 billion-dollar deal means it’ll still have a hand in world-fueling oil and gas, while also helping it fund the build-out of its low-carbon business that’ll invest in things like wind farms and renewably-made hydrogen. Why Should I Care? Zooming in: Repsol’s open-minded. Rival oil companies like Shell and BP have so far resisted investors’ pleas to cash in on the value of their traditional business, instead insisting they’re better off as integrated companies. But Repsol – the first big oil company to attempt a deal like this – is committed to hitting net-zero emissions by 2050, and even wants its low-carbon business to make up nearly half of all its investments by 2030. That means Repsol will have to raise more cash or distance itself further from fossil fuels, which might be why the deal includes the potential listing of the business on the US stock market from 2026. The bigger picture: Fossil fuels are has-beens. Repsol might be right to branch out from fossil fuels: the price of oil [dropped]( below $85 a barrel on Wednesday for the first time since January, wiping out the gains from earlier this week when OPEC+ – a group of oil producing nations – [announced]( a cut in production. After all, waning global demand is putting extreme pressure on the oil price, even as Russian elixir stays in short supply. You might also like: [It’s still a good time to add commodities like oil to your portfolio.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Repsol’s Seeing Green&utm_campaign=daily-global-08-09-2022&utm_source=email) 💬 Quote of the day “The best artists know what to leave out.” – Charles de Lint (a Canadian writer) [Tweet this]( Your limelight awaits Thousands of Finimizers attended our [Modern Investor Summit]( last year and rubbed digital shoulders with the likes of Mark Cuban and Tim Draper. The whole shebang went well, sure, but your brand really would’ve made the difference. Just imagine if your product had stolen the limelight during [speaker slots](, [fireside chats](, and [expert Q&A panels](. Our community would’ve loved to see it. 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