Metals Data Response Global Aluminium Production (Jul.) According to the International Aluminium Institute, global primary aluminium output declined by 0.5% y/y last month. However, Chinese production may have been disrupted by flooding, while output... 22nd August 2016 · 1 min read
Industrial Metals Update China Industrial Metals Output Monitor (Jun./Jul.) Detailed Chinese industrial production figures for July show how mine supply can offset price movements in determining refined production. The ability of smelters to respond to the rallies in zinc and... 19th August 2016 · 1 min read
China Economics Update Capital Flows Monitor (Jul.) Capital flows out of China accelerated in July to their fastest since February, according to our latest detailed estimates. The People’s Bank responded with heavier intervention so that, despite... 18th August 2016 · 1 min read
China Chart Pack G20 blues lie ahead Residents of the Yangtze River Delta (YRD) can look forward to unusually clear skies as restrictions on industry to limit pollution ahead of next month’s G20 summit come into effect. According to... 17th August 2016 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Jul.) This is a new monthly publication in which we assess the strength of demand in the world’s largest consumer of metals. We are also introducing our Capital Economics Steel Demand Proxy, to help inform... 17th August 2016 · 1 min read
Global Economics Update Global imbalances to remain small by past standards The world’s main current account imbalances look set to widen a bit in the coming years but should not pose a serious threat to the global economy. Oil producers’ surpluses probably won’t reappear... 16th August 2016 · 1 min read
China Economics Update Slow take-up to limit impact of Shenzhen-HK Connect Today’s approval of a link between stock markets in Hong Kong and Shenzhen may boost market sentiment and is a welcome signal that policymakers are keen to press on with financial reform as concerns... 16th August 2016 · 1 min read
Global Markets Update China adds to the outperformance of EM equities Whereas the collapse in Chinese equity prices sent global markets into meltdown last summer, they have begun to drive the outperformance of the MSCI Emerging Markets Index in recent weeks. A shift in... 12th August 2016 · 1 min read
China Data Response Hong Kong GDP (Q2) Today’s GDP figures show that Hong Kong’s economy rebounded strongly in the second quarter. However, the economy faces a number of headwinds and we expect growth to slow again in the coming quarters... 12th August 2016 · 1 min read
China Data Response Bank Lending & Broad Credit (Jul.) Broad credit is still expanding at a faster pace than during most of the past couple ofyears. But the impact of earlier monetary easing is now waning and after peaking in May, credit growth is... 12th August 2016 · 1 min read
China Data Response Activity & Spending (Jul.) Despite the slight decline in industrial value-added growth, underlying data on output volumes suggest activity in key parts of industry continued to strengthen last month. That said, a further sharp... 12th August 2016 · 1 min read
China Data Response Consumer & Producer Prices (Jul.) Less rapid increases in food prices dragged down consumer price inflation last month, masking a continued pick-up in broader price pressures. Inflation is likely to edge up in the coming months... 9th August 2016 · 1 min read
Commodities Update Iron ore bucks weak China commodity imports Growth in China’s commodity import volumes slowed in July, despite some recent encouraging signs from activity indicators. In some cases, higher domestic output is edging out imports. In others, ample... 8th August 2016 · 1 min read
China Data Response Trade & FX Reserves (Jul.) Today’s trade data disappointed, with stronger manufacturing activity among many of China’s key trading partners failing to lift export growth and import growth falling on the back of the renewed drop... 8th August 2016 · 1 min read
Precious Metals Update Central banks to remain net buyers of gold Central banks resumed their gold purchases in June, after having turned net sellers in May, with Russia and China once again particularly active. While gold demand from the official sector was... 5th August 2016 · 1 min read
Energy Update Has the rally in coal prices burnt out? Continued falls in demand and lower Chinese imports in the second half of the year should put downward pressure on coal prices, even if small stocks support prices in the near term. 5th August 2016 · 1 min read
