Event Asia Drop-In: What does the recent banking sector turmoil mean for Asia? 30th March 2023, 9:00AM BST Although the recent flare-up of financial stability concerns has been a US-Europe story, its reverberations could be global. Economists from across our Asia coverage held a special online briefing...
China Economics Weekly China has its own banking sector vulnerabilities China’s financial system has limited direct exposure to foreign banks. But recent global banking strains still pose some downside risk to the country’s economy. And China’s banking sector has... 17th March 2023 · 5 mins read
China Economics Update RRR cut not a major easing move The People’s Bank (PBOC) has just announced a cut to the required reserve ratio (RRR). This will provide a bit of financial relief for China’s large and medium-sized banks. It may also help nudge down... 17th March 2023 · 4 mins read
China Data Response Activity & Spending (Jan. & Feb.) Activity data for the first two months were broadly as expected, showing a jump in consumer spending coupled with modest gains in investment and industrial output. High-frequency data suggest that... 15th March 2023 · 3 mins read
China Economics Weekly Takeaways from the National People’s Congress China’s annual legislative session offers reasons for optimism and caution. On the one hand, conservative economic targets and policy settings suggest that officials are prioritising quality over... 10th March 2023 · 7 mins read
China Data Response Bank Lending & Broad Credit (Feb.) Bank loan growth jumped to a 14-month high in February. And broad credit growth accelerated for the first time since September. This rebound should continue in the near-term thanks to a reopening... 10th March 2023 · 2 mins read
China Data Response Consumer & Producer Prices (Feb.) Factory gate prices stopped falling last month, as China’s reopening helped to put a floor under global commodity prices. Meanwhile, consumer price inflation dropped back sharply due to a fall in food... 9th March 2023 · 3 mins read
Commodities Update Unpacking China’s NPC for commodities The National People’s Congress reports struck a cautious note on the outlook for economic activity in China this year. Fiscal stimulus will be limited and efforts to prevent “disorderly” expansion in... 8th March 2023 · 4 mins read
Commodities Update China’s oil imports to pick up from here China’s imports were weak in January-February, but commodity imports fared better. What’s more, we think crude oil imports, in particular, will pick up from here given the resurgence in travel demand. 7th March 2023 · 2 mins read
China Data Response China Trade (Jan. & Feb.) China’s import volumes were little changed at the beginning of the year, disappointing hopes for a rebound. But we still think that reopening will eventually drive a pick-up in imports. And while... 7th March 2023 · 2 mins read
Capital Daily China’s stock market has scope to shrug off slower growth target Even if economic growth in China this year fails to eclipse the modest 5% target announced at the National People’s Congress (NPC) on Sunday, we expect its stock market to continue to recover and... 6th March 2023 · 5 mins read
