China Data Response Caixin/Markit Flash Manufacturing PMI (Jul.) Today's PMI reading suggests that recent improvements in economic momentum may have been derailed this month by weaker foreign demand. 24th July 2015 · 1 min read
China Data Response Lending, credit (Jun.) & FX reserves (Q2) Headline credit growth slowed again last month, but the data are nonetheless consistent with a stepped up pace of policy support. Meanwhile, the fall in the value of foreign exchange reserves hints at... 14th July 2015 · 1 min read
China Data Response Trade (Jun.) The June trade data are relatively upbeat. A further recovery in external demand pushed up export growth to a four-month high. Meanwhile, although the fall in commodity prices late last year has kept... 13th July 2015 · 1 min read
China Data Response Consumer & Producer Prices (Jun.) Although the recent softening in global commodity prices helped pull down producer price inflation last month, today’s data still suggest that domestic price pressures are rising and that deflation... 9th July 2015 · 1 min read
China Data Response Manufacturing PMIs (Jun.) Today's PMI readings were slightly weaker than expected but do not change the general picture, which is that growth is recovering on the back of both an improvement in external demand and a policy... 1st July 2015 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (Jun.) The flash reading of China’s manufacturing PMI rose further in June, led by a rise in new export orders. This, put together with recent evidence that policy measures are helping to shore up domestic... 23rd June 2015 · 1 min read
China Data Response Activity & Spending (May) An improvement in most of the key activity and spending indicators for May suggests that recent policy support measures are seeing some early success in shoring up economic activity. 11th June 2015 · 1 min read
China Data Response Bank Lending & Broad Credit (May) Headline credit growth continued to slow last month, but the latest figures are nonetheless consistent with a stepped up pace of policy support. 11th June 2015 · 1 min read
China Data Response Consumer & Producer Prices (May.) Today's data support our view that, the usual volatility in food inflation aside, price pressures are rising and that deflation concerns are overplayed. 9th June 2015 · 1 min read
China Data Response Trade (May.) Foreign demand still looks subdued, despite a stronger-than-expected recovery in export growth. Meanwhile, a fall in commodity import volumes disappoints hopes that recent policy support measures... 8th June 2015 · 1 min read
China Data Response Manufacturing PMIs (May.) Today's PMI readings suggest that although external demand remains weak, an uptick in domestic demand – likely the result of recent policy support – is now helping to ease downward pressure on growth... 1st June 2015 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (May.) China’s flash PMI remains subdued. Nonetheless, the index's first improvement since February suggests that policymakers' efforts to shore up activity may finally be having the intended effect. 21st May 2015 · 1 min read
China Data Response Hong Kong GDP (Q1) Hong Kong’s economy remained subdued in Q1, although growth picked up slightly compared to the previous quarter. We expect growth to stage a stronger recovery over coming quarters, supported by a... 15th May 2015 · 1 min read
China Data Response Bank Lending & Broad Credit (Apr.) China’s credit growth slowed further in April. But with policy now easing, credit growth should stabilise in the months ahead, helping to relieve some of the downward pressure on the economy. 13th May 2015 · 1 min read
China Data Response Activity & Spending (Apr.) Weaker-than-expected data for April suggest that activity in industry and the real estate sector continued to slow coming into Q2. That said, with China’s economy less reliant on these sectors than it... 13th May 2015 · 1 min read
China Data Response Consumer & Producer Prices (Apr.) Consumer price inflation edged up in April and should continue to recover in coming months. This, along with signs that producer price inflation is also beginning to bottom out, should ease concerns... 11th May 2015 · 1 min read
