China Data Response Official PMIs (Jul.) The latest survey data suggest that last quarter’s rapid economic rebound has extended into the second half of the year thanks to recovering foreign demand and strong fiscal support. 31st July 2020 · 2 mins read
China Data Response Hong Kong GDP (Q2 Preliminary) Hong Kong’s economy stabilised last quarter as fiscal stimulus and stronger demand in mainland China offset weaker consumption and investment. But with the city facing its worst COVID-19 outbreak yet... 29th July 2020 · 3 mins read
China Data Response GDP (Q2), Activity & Spending (Jun.) After a sharp contraction in Q1, the economy bounced back strongly in Q2, with the level of GDP reaching a new high. What’s more, the monthly activity and spending figures show that growth was still... 16th July 2020 · 3 mins read
China Data Response Trade (Jun.) Inbound shipments jumped the most in m/m terms in years, adding to evidence that domestic demand was strong at the end of Q2. Exports also strengthened as slower shipments of products related to COVID... 14th July 2020 · 2 mins read
China Data Response Bank Lending & Broad Credit (Jun.) Broad credit growth hit a two-year high in June and the recent uptick in interest rates is unlikely to prevent a further acceleration in the coming months. 10th July 2020 · 2 mins read
China Data Response Consumer & Producer Prices (Jun.) Producer prices rose last month for the first time since the outbreak of COVID-19, adding to evidence that industrial demand had mostly recovered by the end of Q2. Core inflation fell to its weakest... 9th July 2020 · 2 mins read
China Data Response Caixin Manufacturing PMI The Caixin manufacturing PMI suggests that the pace of the recovery increased in June, echoing the official survey which was released yesterday. This supports our view that GDP growth likely turned... 1st July 2020 · 2 mins read
China Data Response Official PMIs The latest survey data suggest that economic growth accelerated in June thanks to a faster recovery in manufacturing and services, alongside continued strength in construction activity. The recovery... 30th June 2020 · 2 mins read
China Data Response Activity & Spending (May) State-led infrastructure construction jumped last month and pushed up growth in fixed asset investment and industrial production. Meanwhile, growth in services activity turned positive and suggests... 15th June 2020 · 3 mins read
China Data Response Bank Lending & Broad Credit (May) A jump in government bond issuance helped push credit growth to a 21-month high in May. The acceleration in credit growth has further to run and will add fuel to the economic recovery. 10th June 2020 · 2 mins read
China Data Response Consumer & Producer Prices (May) Consumer price inflation slipped further last month due to falling food prices, while subdued demand continued to weigh on factory gate prices. But food prices aside, the recent decline in inflation... 10th June 2020 · 2 mins read
China Data Response Trade (May) Export growth turned negative last month as lockdowns abroad weighted on global demand. And the ongoing domestic recovery failed to keep import growth from slipping further. A global recovery and... 8th June 2020 · 2 mins read
China Data Response PMIs (May) The PMIs show that the recovery in activity extended into last month and appears to have broadened out into parts of manufacturing that were previously struggling. But there are few signs of a marked... 1st June 2020 · 2 mins read
China Data Response Activity & Spending (Apr.) Industrial output and investment rose year-on-year in April for the first time since the COVID-19 outbreak. But retail sales and services activity continued to contract, held back by high unemployment... 15th May 2020 · 2 mins read
China Data Response Consumer & Producer Prices (Apr.) Consumer and producer price inflation fell sharply last month, reflecting the continued weakness in demand. Price pressures are likely to ease further in the coming months, strengthening the case for... 12th May 2020 · 2 mins read
China Data Response Bank Lending & Broad Credit (Apr.) Credit growth accelerated further last month, a trend that will probably continue given signals from the PBOC’s Q1 monetary report published over the weekend that more stimulus measures are in the... 11th May 2020 · 2 mins read
