China Data Response HSBC/Markit Flash Manufacturing PMI (Oct.) The rebound in the flash manufacturing PMI estimate for October from HSBC/Markit supports our view that China’s economy has at least been stablising. However, production is unlikely to pick up... 25th October 2011 · 1 min read
China Data Response NBS business conditions survey (Q3) China’s largest quarterly business survey, released today, reinforces the view that economic growth has steadied so far this year. Most firms expect conditions to worsen, though not dramatically. But... 14th October 2011 · 1 min read
China Data Response Foreign Trade (Sep) Chinese officials have given little sign they are worried that the euro-zone crisis will hurt China’s economy, preferring instead to keep their focus on tackling inflation. Today’s trade figures... 14th October 2011 · 1 min read
China Data Response HSBC/Markit Manufacturing PMI (Sep.) The final reading of China’s September manufacturing PMI was stronger than the flash estimate and adds to the evidence that conditions in manufacturing have stabilised. 1st October 2011 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (Sep.) Today’s flash PMI from China has done nothing to lift the spirits of global markets. On the bright side, conditions in manufacturing have at least stopped deteriorating over recent months. But chances... 23rd September 2011 · 1 min read
China Data Response PMIs (Aug.) China’s PMIs are both signalling that conditions in manufacturing improved last month. In each case, the rebound is small. But at a time of uncertainty about the outlook we would take some reassurance... 2nd September 2011 · 1 min read
China Data Response HSBC/Markit Flash PMI (Aug.) Today’s flash manufacturing PMI estimate for August from HSBC/Markit suggests that the economy remains weak but that growth is at least stabilising. 24th August 2011 · 1 min read
China Data Response Lending and Broad Money (July) Today’s data show that both net new lending and growth in broad money fell last month. These figures provide further support for our view that the balance of concerns in China is soon likely to shift... 13th August 2011 · 1 min read
China Data Response Foreign Trade (July) Today’s trade data for July should ease fears that China’s exports are being hit by slowing global growth. Nonetheless, the increase in the trade surplus underlines the fact that China is not... 11th August 2011 · 1 min read
China Data Response PMIs (Jul.) Today’s PMIs signal that China’s manufacturing sector is still weak. Nonetheless, we continue to think that the slowdown in the overall economy has bottomed out. 2nd August 2011 · 1 min read
China Data Response HSBC/Markit Flash PMI (Jul.) Today’s flash estimate of July’s manufacturing PMI from HSBC/Markit puts a dent in the more confident outlook resulting from last week’s better-than-expected figures on Q2 GDP. But there are a couple... 22nd July 2011 · 1 min read
China Data Response HSBC/Markit Flash PMI (Jun.) The slowdown in Chinese manufacturing signalled by June’s flash PMI was unexpectedly sharp. But the data suggest that price pressures have also subsided. Policymakers should soon have space to loosen... 24th June 2011 · 1 min read
China Data Response Foreign Trade (May) Today’s trade data should go some way to ease fears that China’s economy is heading for a hard landing. Commodity imports remain much weaker than a few months ago but they have recovered slightly. 11th June 2011 · 1 min read
China Data Response PMIs (May) China’s two PMIs fell in May but at a moderate pace. This is consistent with our view that the ongoing economic slowdown is gentle and unlikely to lead to a hard landing. Meanwhile, price pressures... 1st June 2011 · 1 min read
China Data Response Foreign Trade (Apr.) Weaker-than-expected imports brought China’s trade account back into a large surplus in April. Imports from Japan fell, but most striking was the slide in total commodity purchases. We estimate that... 10th May 2011 · 1 min read
China Data Response Foreign Trade (Mar.) A strong rebound in exports propelled China's trade back into a small surplus last month. There was still a deficit over the first quarter as a whole, but the difference from a year ago can be... 11th April 2011 · 1 min read
