China Data Response Hong Kong GDP (Q3 Preliminary) Hong Kong’s economy expanded for the first time in over a year last quarter, thanks to fiscal stimulus and stronger foreign demand. Output is still well below its previous peak due to the double blow... 30th October 2020 · 2 mins read
China Data Response GDP (Q3), Activity & Spending (Sep.) China’s economy continued its rapid rebound last quarter, with the recovery broadening out and becoming less reliant on investment-led stimulus. What’s more, the monthly data show that growth was... 19th October 2020 · 3 mins read
China Data Response Consumer & Producer Prices (Sep.) Headline consumer price inflation, weighed down by easing food price inflation, continued its decline last month. But core consumer prices rose again for the second straight month and factory gate... 15th October 2020 · 2 mins read
China Data Response Bank Lending & Broad Credit (Sep.) Broad credit growth hit is highest level in nearly three years. We think this acceleration should continue until early next year. 14th October 2020 · 2 mins read
China Data Response Trade (Sep.) Exports continued to do well, most likely thanks to the recent strength of retail sales among China’s major trading partners. And a jump in imports suggests that domestic investment spending remains... 13th October 2020 · 2 mins read
China Data Response PMIs (Sep.) The latest PMIs show that economic activity continued to accelerate in September on the back of a broad-based improvement in both services and manufacturing. 30th September 2020 · 2 mins read
China Data Response Activity & Spending (Aug.) Economic growth in China accelerated further in August as sentiment improved among consumers and private firms. Retail sales surpassed 2019 levels for the first time since the COVID-19 outbreak, while... 15th September 2020 · 3 mins read
China Data Response Bank Lending & Broad Credit (Aug.) Broad credit growth hit its highest level in two and a half years as growth in direct financing and shadow credit picked up amid steady bank lending. We think that this acceleration has further to run... 11th September 2020 · 2 mins read
China Data Response Consumer & Producer Prices (Aug.) Headline consumer price inflation slipped last month on the back of easing food price inflation. But core consumer prices rose for the first time since the COVID-19 outbreak and the ongoing recovery... 9th September 2020 · 2 mins read
China Data Response Trade (Aug.) The pick-up in headline export growth last month reflects base effects and masks a slowdown in levels terms. Meanwhile, imports are doing just as well as exports once price effects are adjusted for. 7th September 2020 · 2 mins read
China Data Response Caixin Manufacturing PMI (Aug.) The Caixin manufacturing PMI points to faster growth in manufacturing activity in August. Admittedly, the official survey released yesterday had pointed to a marginal slowdown. But taken together... 1st September 2020 · 2 mins read
China Data Response Official PMIs (Aug.) The latest official PMI surveys showed that the pace of economic growth picked up in August as stronger services activity more than offset a slight loss of momentum in manufacturing and construction. 31st August 2020 · 2 mins read
China Data Response Activity & Spending (Jul.) The latest data suggest that China’s economy continued to recover in July, though less quickly than expected. But a slowdown in the recovery was always likely at some point as the initial boost from... 14th August 2020 · 3 mins read
China Data Response Bank Lending & Broad Credit (Jul.) Broad credit growth hit its highest rate in nearly two and a half years last month as a pick-up in direct financing and shadow credit offset slower issuance of bank loans. The acceleration has further... 11th August 2020 · 2 mins read
China Data Response Consumer & Producer Prices (Jul.) Consumer price rose last month following floods that disrupted agricultural production. Meanwhile, factory gate deflation continued to ease in July, reflecting the ongoing recovery in economic... 10th August 2020 · 2 mins read
China Data Response Trade (Jul.) Imports edged up in level terms, consistent with the ongoing recovery in domestic activity. Meanwhile, exports jumped thanks to stronger foreign demand and the ongoing boost from COVID-related... 7th August 2020 · 2 mins read
