China Chart Pack Coronavirus toll mounting The number of deaths inside China attributed to the new coronavirus is now on course to exceed those from SARS by early next week. The measures taken by the government and the public to limit... 30th January 2020 · 11 mins read
China Chart Pack US demanding implausibly large import ramp up China’s apparent reluctance to commit to the extra $200bn of US imports relative to 2017 levels that the US is requesting over the next two years as part of the Phase One deal is understandable... 18th December 2019 · 11 mins read
China Chart Pack December tariffs likely to be averted As things currently stand, the US is due to extend its punitive tariffs to cover nearly all goods imported from China in two weeks’ time. But the Trump administration has appeared keen to avoid that... 29th November 2019 · 11 mins read
China Chart Pack Corporate earnings falling short of expectations The corporate earnings season currently underway in China has been disappointing. Admittedly, the Q3 results published so far point to a slight improvement in year-on-year growth in earnings per share... 30th October 2019 · 11 mins read
China Chart Pack PBOC not tying its own hands with forward guidance PBOC Governor Yi Gang today appeared to pour cold water on the prospect of imminent monetary easing. He said that the PBOC would not rush to follow the US Fed and ECB in cutting rates and that “China... 24th September 2019 · 12 mins read
China Chart Pack Hong Kong’s role as a gateway to China at risk Hong Kong’s GDP is now just 3% of mainland China’s, down from 18% in 1997 when the city returned to Chinese control. But Hong Kong still serves as the main gateway between China and the world where... 22nd August 2019 · 12 mins read
China Chart Pack Leveraging up again Nominal GDP growth and credit growth almost converged at the end of 2018, but the gap between them has widened again this year as growth has slowed and policymakers have shifted their focus away from... 17th July 2019 · 12 mins read
China Chart Pack Tariff impact intensifies Tariffs have weighed heavily on China’s exports to the US in recent months. Shipments of goods in the $50bn list were almost 30% lower in the first four months of 2019 than they were a year before... 25th June 2019 · 12 mins read
China Chart Pack Trade tensions may exacerbate retail sales slump Retail sales growth slowed sharply in April, to its slowest pace since the SARS outbreak in 2003. While part of the weakness can be explained by a drop in fuel prices, the slowdown was not limited to... 22nd May 2019 · 1 min read
China Chart Pack Property demand to remain subdued A further acceleration in home prices on the official survey of 70 cities has sparked hopes that China’s residential property market may be heating up after more than a year of nearly flat sales. But... 18th April 2019 · 1 min read
China Chart Pack Labour market softens The jump in China’s unemployment rate from 4.9% in December to 5.3% last month, the highest in nearly two years, has added to the worries about the economy. The survey-based unemployment rate may not... 18th March 2019 · 1 min read
China Chart Pack Exports now showing impact of tariffs The impact of US tariffs on China’s exports was initially masked by firms rushing out shipments of unaffected products in an attempt to beat any tariffs that came in later. That “front-running” seems... 21st February 2019 · 1 min read
China Chart Pack Demographic headwinds building China’s working age population is currently falling by around 0.2% per year and in 2018 employment contracted for the first time in the reform era. These developments aren’t a surprise but the... 23rd January 2019 · 1 min read
China Chart Pack Xi signals state sector to remain dominant Hopes that President Xi would use his speech today on the 40th anniversary of the start of China’s “Reform and Opening Up” to announce a renewed push for market-based reforms were disappointed. Rather... 18th December 2018 · 1 min read
China Chart Pack Swine fever hogs headlines, but impact still small The spread of African swine fever (ASF) to China’s leading pig-rearing province (Sichuan) last week is an alarming development. But despite its rapid expansion across the country (the disease has... 20th November 2018 · 1 min read
China Chart Pack Renminbi to break through 7.0 before long The People’s Bank (PBOC) appears to have stepped up intervention recently to support the renminbi as it has approached 7.0 to the US dollar. Many are talking about that line as a psychological... 29th October 2018 · 1 min read
