China Activity Monitor Growth still being buoyed by stimulus & exports Our China Activity Proxy (CAP) suggests that growth remained robust last month thanks to a further pick-up in services and continued strength in construction and exports. We expect growth to remain... 21st December 2020 · 3 mins read
China Activity Monitor Growth accelerates to a three-year high Our China Activity Proxy (CAP) suggests that growth continued to accelerate last month as service sector activity returned to its pre-virus path, while strong construction and exports continued to... 19th November 2020 · 3 mins read
China Activity Monitor Growth hits a two-year high Our China Activity Proxy (CAP) suggests that growth continued to accelerate last month, thanks to policy stimulus, strong foreign demand and fewer constraints on services activity. On our estimates... 22nd October 2020 · 3 mins read
China Activity Monitor Growth now back to pre-virus path Our China Activity Proxy (CAP) suggests that growth continued to accelerate last month. On our estimates, China is already back on its pre-virus growth path, far earlier than other major economies... 23rd September 2020 · 3 mins read
China Activity Monitor Monitoring for contagion Our China Activity Proxy (CAP) estimate for China’s rate of growth in December is somewhat academic at this point but, for what it’s worth, it showed the economy holding up well. Measures to constrain... 28th January 2020 · 3 mins read
China Activity Monitor Positive signs in November Our China Activity Proxy (CAP) suggests that growth picked up last month. That’s a challenge to our expectations of a slowdown in growth in 2020. But the resilience of property construction still... 20th December 2019 · 3 mins read
China Activity Monitor Domestic headwinds sapping momentum Our China Activity Proxy (CAP) suggests that the economy decelerated last month to its weakest pace of growth since May. Recent headwinds are domestic in origin, reflected in slower movements of... 26th November 2019 · 3 mins read
China Activity Monitor Uptick in industry nudges up growth Our China Activity Proxy (CAP) suggests that growth edged up at the end of last quarter due to a rebound in industrial activity. But the prop from industry should be short-lived, and with the recent... 24th October 2019 · 3 mins read
China Activity Monitor Growth edges down as property construction levels off Our China Activity Proxy (CAP) suggests that growth remains resilient but has edged down slightly since the end of Q2. With property construction no longer accelerating and broader activity still... 23rd September 2019 · 3 mins read
China Activity Monitor Recent strength unlikely to last Our China Activity Proxy (CAP) suggests that growth remained strong at the start of Q3. However, with external headwinds mounting and property development likely to moderate, economic activity looks... 21st August 2019 · 3 mins read
China Activity Monitor A strong end to Q2 Our China Activity Proxy (CAP) suggests that growth jumped at the end of last quarter. But data issues raise questions about the true extent of the pick-up. And mounting domestic and external... 24th July 2019 · 3 mins read
China Activity Monitor Growth holding up surprisingly well Our China Activity Proxy (CAP) continues to suggest that economic growth has stabilised in recent months, with stronger construction activity helping to mask a slowdown in other sectors. But with... 26th June 2019 · 3 mins read
China Activity Monitor Prop from construction prevents further slowdown Our China Activity Proxy (CAP) suggests that, while a further acceleration in construction activity prevented growth from edging down in April, momentum in the rest of the economy softened last month. 24th May 2019 · 1 min read
China Activity Monitor Growth edges lower but short-run trough is near Our China Activity Proxy (CAP) suggests that the economy weakened further in March. But the slowdown so far this year has been milder than we had anticipated and may be close to bottoming out. We have... 29th April 2019 · 1 min read
China Activity Monitor Growth slows further in early 2019 Our China Activity Proxy (CAP) suggests that the economy softened in the second half of 2018 and weakened further in the first two months of this year. The slowdown has been mild so far, with growth... 20th March 2019 · 1 min read
China Activity Monitor Construction props up activity, but headwinds remain Our China Activity Proxy (CAP) suggests that growth edged up in December driven by strong construction activity. But with credit now growing at the slowest pace in more than a decade and the impact of... 28th January 2019 · 1 min read
