Emerging Markets Economics Chart Pack Many EMs still grappling with virus outbreaks Much of Latin America, South Africa, and parts of Asia – notably India and the Philippines – are still struggling to contain their first waves of coronavirus. And while policymakers in these countries... 31st July 2020 · 11 mins read
China Data Response Official PMIs (Jul.) The latest survey data suggest that last quarter’s rapid economic rebound has extended into the second half of the year thanks to recovering foreign demand and strong fiscal support. 31st July 2020 · 2 mins read
China Economics Weekly What if Chinese banks are cut off from SWIFT? Financial decoupling between the US and China could be far more disruptive to both China and the global economy than anything the Trump administration has attempted so far. But much of what is... 30th July 2020 · 8 mins read
China Economic Outlook COVID-19 hit to fully reverse by year-end China’s success in containing COVID-19 and the short duration of its lockdown have enabled its economy to rebound rapidly. With policy support set to remain strong, China is on course to return to its... 29th July 2020 · 1 min read
China Data Response Hong Kong GDP (Q2 Preliminary) Hong Kong’s economy stabilised last quarter as fiscal stimulus and stronger demand in mainland China offset weaker consumption and investment. But with the city facing its worst COVID-19 outbreak yet... 29th July 2020 · 3 mins read
Emerging Markets Activity Monitor First signs of EM recovery losing steam Our Mobility Trackers suggest that the EM recovery hit a snag in July, partly due to escalating coronavirus cases and tightening restrictions in some EMs (South Africa, Colombia, Hong Kong). This may... 28th July 2020 · 2 mins read
China Economics Weekly Xi’s “new development model” is more of the same In the face of growing tensions with much of the world, Xi Jinping this week called for a “new development model” that allows China’s economy to sustain rapid growth with less dependence on other... 24th July 2020 · 7 mins read
Asia Economics Update Will Asia benefit from China’s strong rebound? China’s rapid economic recovery from the Global Financial Crisis did not play as big a role as is commonly assumed in supporting growth in the rest of Asia. We doubt a strong rebound in China from the... 24th July 2020 · 4 mins read
Emerging Markets Economic Outlook An uneven recovery An economic recovery is underway across emerging markets, but there are big differences in its speed and strength between regions and countries. China’s economy is making up lost ground rapidly and... 23rd July 2020 · 26 mins read
China Economics Update LPR unchanged as policy priorities shift Commercial banks left the Loan Prime Rate (LPR) on hold today. Further rate cuts seem increasingly unlikely as the focus of monetary policy appears to be shifting from stimulating activity to... 20th July 2020 · 2 mins read
China Economics Weekly The upside to China’s wary consumers Household consumption in China remained stubbornly weak in Q2 despite the rapid rebound in GDP. But this isn’t a reason to be overly concerned about the immediate outlook. With fiscal stimulus still... 17th July 2020 · 5 mins read
China Economics Update An uneven recovery, especially within services The detailed breakdown of China’s Q2 GDP data published today raises some questions about the purported speed of the recovery. Generally though, it is consistent with broader evidence of a sharp... 17th July 2020 · 4 mins read
Emerging Markets Trade Monitor Nascent export rebound has further to run EM goods exports remained weak in May, but partial June data point to a fledgling recovery. This is likely to continue in the coming months, although a number of factors look set to constrain the... 16th July 2020 · 3 mins read
China Data Response GDP (Q2), Activity & Spending (Jun.) After a sharp contraction in Q1, the economy bounced back strongly in Q2, with the level of GDP reaching a new high. What’s more, the monthly activity and spending figures show that growth was still... 16th July 2020 · 3 mins read
Commodities Update China’s opportunistic buying has run its course China’s commodity import volumes surged in June, while exports remained in the doldrums. We expect this trend to partially reverse in the coming months as higher commodity prices will curb bargain... 14th July 2020 · 2 mins read
China Data Response Trade (Jun.) Inbound shipments jumped the most in m/m terms in years, adding to evidence that domestic demand was strong at the end of Q2. Exports also strengthened as slower shipments of products related to COVID... 14th July 2020 · 2 mins read
