China Rapid Response China PMIs (Jun. 2024) The PMIs for June suggest that China’s economy lost some momentum last month. But the manufacturing surveys may have been weighed down by negative sentiment effects due to recent tariff announcements... 1st July 2024 (Updated 3rd July 2024) · 3 mins read
China Rapid Response China Activity & Spending (May 2024) May’s activity data were a mixed bag with an uptick in retail sales and slowdown in industrial production partially reversing the recent trend of strength on the supply side and weaker demand. 17th June 2024 · 2 mins read
China Rapid Response Bank Lending & Broad Credit (May) Bank loan growth in China was the slowest on record in May, but accelerated government bond issuance helped broader credit growth edge up. Fiscal loosening should support further gains in the near... 14th June 2024 · 2 mins read
China Rapid Response China Consumer & Producer Prices (May 2024) Producer prices picked up for the first time in eight months and consumer price inflation held steady in May. We expect inflation to rebound in the coming months. But due to persistent overcapacity... 12th June 2024 · 2 mins read
China Rapid Response China Merchandise Trade (May 2024) Export values rose y/y at the fastest pace since April 2023, with export volumes also picking up. We think exports will remain strong in the coming months, defying the expansion of Western tariffs... 7th June 2024 · 2 mins read
China Rapid Response China PMIs (May 2024) The jump in the Caixin services PMI means that the survey data for May now suggest economic momentum remained fairly robust last month. We think strength in exports, a step-up in fiscal support and... 31st May 2024 (Updated 5th June 2024) · 3 mins read
China Rapid Response China Activity & Spending (Apr. 2024) Industrial production continued to accelerate thanks to strong exports, but growth on most other indicators slowed, pointing to softer domestic demand. We expect a renewed pick-up over the coming... 17th May 2024 · 2 mins read
China Rapid Response China Consumer & Producer Prices (Apr. 2024) PPI deflation eased and CPI inflation rose in March, but they remained relatively subdued compared with pre-pandemic norms. We think inflation will continue to edge up in the near term. But persistent... 13th May 2024 · 2 mins read
China Rapid Response Bank Lending & Broad Credit (Apr.) Broad credit growth slowed sharply to its weakest pace on record last month. This threatens to derail the ongoing economic recovery and is likely to trigger additional policy easing. Increased fiscal... 13th May 2024 · 3 mins read
China Rapid Response China Merchandise Trade (Apr. 2024) Export values returned to growth last month after contracting in March, but this was mainly due to a lower base for comparison. Export volumes were little changed in April following a pullback in the... 9th May 2024 · 2 mins read
China Rapid Response China Politburo Meeting (Apr. 24) China’s senior leadership has today signalled further fiscal and monetary support for the economy and renewed efforts to stabilise the housing market. That should help prolong the recent economic... 30th April 2024 · 3 mins read
China Rapid Response China PMIs (Apr. 2024) While the Caixin services PMI edged down last month, it dropped by less than its official counterpart, and the survey data for April is still consistent with some improvement in momentum since the... 30th April 2024 (Updated 6th May 2024) · 3 mins read
China Rapid Response China GDP (Q1) & Activity (Mar. 2024) Stronger-than-expected official GDP figures indicate that China’s economy gained momentum in Q1, thanks to policy support. But monthly activity data suggest that this policy-driven recovery is shaky... 16th April 2024 · 2 mins read
China Rapid Response China Merchandise Trade (Mar. 2024) Despite a larger-than-expected y/y fall in export values, export volumes climbed to record highs. Nonetheless, we still think export volumes will grow more slowly this year than they did in 2023... 12th April 2024 · 3 mins read
