Asia Economic Outlook Asian central banks waiting for the Fed With inflation easing and domestic demand struggling in much of emerging Asia, central banks are likely to start cutting interest rates soon. The one remaining concern for policymakers is the fear of... 27th March 2024 · 27 mins read
China Activity Monitor CAP: Still buoyed by policy support Our China Activity Proxy (CAP) suggests that the economy has performed reasonably well over the last few months – better than much recent commentary would suggest. We expect activity growth to slow... 27th March 2024 · 3 mins read
Capital Daily A few more thoughts on the renminbi conundrum Push-back from the authorities in China and Japan has stabilised their currencies against the US dollar today, and our base case remains that policymakers will prevent destabilising depreciations in... 25th March 2024 · 5 mins read
FX Markets Weekly Wrap Quasi-dovish Fed can’t keep the dollar down for long The US dollar has bounced back from its brief drop after the FOMC’s policy announcement and Chair Powell’s press conference, and is ending the week stronger across the board. To some extent that is... 22nd March 2024 · 5 mins read
Capital Daily Taking stock of the latest drop in the renminbi While the current backdrop may keep the renminbi on the back foot against the dollar in the short term, we doubt that these headwinds will push the currency meaningfully lower this year. 22nd March 2024 · 4 mins read
China Economics Weekly Policy support a temporary prop to construction Local government financing vehicles are ramping up land purchases to build more public housing, while developers are being given more financing to accelerate work on unfinished projects. This may... 22nd March 2024 · 4 mins read
Climate Economics Update “New Three” export prices continue to plunge The latest monthly trade data from China highlight how the huge expansion in local manufacturing capacity is pushing down green technology prices and will only add to western concerns about trade... 20th March 2024 · 2 mins read
Event Drop-In: China equities outlook – Valuations, earnings, fracturing 1712217600 It's been a tough few years for China's stock market, which has been, at times, one of the worst performers in the world.
Capital Daily The renminbi looks weak and we think it will rally We think that, despite ongoing PBOC intervention to prop it up, the valuation of the renminbi looks very weak on a range of fundamental metrics. As such, we wouldn’t be surprised if it rose over time... 15th March 2024 · 5 mins read
China Economics Weekly Equipment investment push may aggravate imbalances Chinese policymakers want firms to increase equipment investment by 25% over the coming four years. If achieved, that would provide a temporary boost to domestic demand and GDP growth. But the lasting... 15th March 2024 · 6 mins read
Global Markets Focus Are China's equities finally set for a lasting rally? This Global Markets Focus looks at whether Chinese equities’ recent rally heralds the start of something larger and more sustained. It argues that they could continue to do well over the next year or... 15th March 2024 · 19 mins read
Climate Economics Update “New Three” Chinese exports = must-watch data Amid increasing concerns in the west over China’s dominance in the production of solar panels, electric vehicles, and lithium-ion batteries – dubbed the “New Three” – China’s exports of green... 14th March 2024 · 0 mins read
China Rapid Response China Consumer & Producer Prices (Feb. 2024) CPI inflation turned positive last month for the first time since September, thanks to temporary factors such as the volatility in food and tourism prices around Lunar New Year. But persistent... 11th March 2024 · 2 mins read
China Economics Weekly New productive buzzwords China’s leadership is increasingly talking about “New Productive Forces” as the key to the country’s future economic success – harnessing them was the first Major Task for 2024 in the government Work... 8th March 2024 · 7 mins read
