China Chart Pack China facing mounting tariff threat The trade sanctions announced so far this year by the Trump administration on solar panels, washing machines, steel and aluminium have been inconsequential from China’s perspective: the US last year... 14th March 2018 · 1 min read
China Chart Pack Headwinds from pollution crackdown set to ease One recent headwind to economic growth has been the government’s winter pollution crackdown in northern China, which has triggered numerous factory closures. This has had the desired impact of... 14th February 2018 · 1 min read
China Chart Pack Trade tensions simmer as China-US surplus widens China’s bilateral trade surplus with the US rose in 2017 to a record high of US$275bn according to Chinese data. President Trump, according to the White House, stressed his “disappointment” with this... 24th January 2018 · 1 min read
China Chart Pack Rise in HK interest rates to weigh on property prices Market interest rates in Hong Kong have jumped recently, reaching a nine-year high of 1.3% after the Fed’s rate hike this week. The unusually large spread between HK and US interbank rates that has... 15th December 2017 · 1 min read
China Chart Pack Turn in the cycle The October data available so far suggest that China’s economy is starting to slow after growing at a rapid pace through most of this year. Real investment and property sales were both lower last... 15th November 2017 · 1 min read
China Chart Pack Consumers remain upbeat The latest data on retail sales during China’s National Day “Golden Week” period suggest that consumer demand remains strong. Despite a further increase in overseas tourism during the holiday... 26th October 2017 · 1 min read
China Chart Pack Property market set to cool further Some have pointed to a rise in home sales and housing starts growth in August as evidence that China’s property sector is holding up well despite the government’s curbs. But while the property sector... 19th September 2017 · 1 min read
China Chart Pack Strong bank earnings conceal gloomy outlook Official data published on Monday show that commercial banks’ non-performing loan (NPL) ratio held steady at 1.74% in Q2 and that their net profits grew almost 12% y/y, the fastest pace since 2014... 16th August 2017 · 1 min read
China Chart Pack Policy controls drive property demand to small cities The resilience of home sales in China (up 18% y/y in June) has raised questions about the effectiveness of government efforts to cool the sector, which have been stepped up in recent months. In fact... 19th July 2017 · 1 min read
China Chart Pack China awaits damp squib of MSCI inclusion MSCI will announce on Tuesday whether it will include China’s domestically-listed A-shares in its benchmark indices. It has chosen not to in the past on concerns over market access and official... 16th June 2017 · 1 min read
China Chart Pack Impact of mainland-HK bond connect likely to be small Regulators this week approved a scheme that will allow investors with brokerage accounts in Hong Kong to invest directly in mainland bond markets, set to be launched before the end of this year. But... 17th May 2017 · 1 min read
China Chart Pack Household credit boom set to slow Household borrowing has soared over recent months, largely in the form of mortgages. But this boom is probably nearing an end. Restrictions on property purchases have been reintroduced in many cities... 20th April 2017 · 1 min read
China Chart Pack PBOC tightening triggered by Fed action People’s Bank Governor Zhou Xiaochuan made clear at the National People’s Congress that the trend would be towards further monetary tightening over coming months. So today’s decision by the PBOC to... 16th March 2017 · 1 min read
China Chart Pack Consumers unruffled by fluctuations in wider economy Despite major swings in the wider economy over the past two years, growth in consumer spending appears to have been relatively stable. The latest data on retail sales in the Chinese New Year period... 15th February 2017 · 1 min read
China Chart Pack Signs of strength in labour market In contrast to China’s remarkably stable GDP figures, data on the labour market corroborate evidence from elsewhere that the economy strengthened in recent quarters. China created over 13 million new... 23rd January 2017 · 1 min read
China Chart Pack Bond rout may have gone too far Chinese bond yields have jumped in recent weeks as strong economic activity and rising inflation have led many to anticipate monetary tightening. Yields may have risen too far. The latest surge in... 14th December 2016 · 1 min read
