China Economics Weekly The reshuffle of Xi’s economic team The Party Congress begins on Sunday. There’s little doubt that it will mark the start of a third term in power for Xi Jinping. What’s less clear is whether retirement norms will still apply to other... 14th October 2022 · 10 mins read
India Economics Weekly A bigger slice of Apple pie Apple’s decision to shift some of its manufacturing into India – and out of China – is an example of how the global economy is “fracturing” into US- and China-aligned blocs: the topic of our 2022... 14th October 2022 · 4 mins read
China Data Response Consumer & Producer Prices (Sep.) Consumer price inflation rose to a 29-month high in September and is now scraping up against the government’s preferred ceiling of 3%. But this was due to a rise in food inflation that is likely to... 14th October 2022 · 3 mins read
Asia Economics Update MAS tightens despite bleak growth outlook The Monetary Authority of Singapore (MAS) tightened policy today, in an attempt to contain elevated price pressures, but with inflation likely to fall in the coming quarters and the economy set to... 14th October 2022 · 3 mins read
China Economics Update Zero-COVID is here to stay There is no prospect of China lifting its zero-COVID policy in the near future and it probably won’t happen before the end of 2023. If the leadership did want to transition to living with the virus... 13th October 2022 · 6 mins read
China Data Response China Bank Lending & Broad Credit (Sep.) Credit growth surprised to the upside last month, edging up thanks to official efforts to boost lending via policy banks. But wider appetite for borrowing still appears depressed, which will probably... 12th October 2022 · 2 mins read
Japan Data Response Japan Machinery Orders (Aug. 2022) Although “core” machinery orders dropped sharply in August due to a crash in non-manufacturing orders, Q3’s average still points to an expansion in non-residential investment growth this quarter... 12th October 2022 · 2 mins read
China Economics Focus The 20th Party Congress The Party Congress will deliver a major reshuffle of China’s leadership but, with General Secretary Xi’s continued dominance in little doubt, it won’t result in any substantial change in policy... 11th October 2022 · 31 mins read
Japan Data Response Japan Economy Watchers Survey (Sep. 2022) Current readings picked up in September’s Economy Watchers Survey but fell well short of the peaks seen after previous virus waves ended. However, we suspect that the fading virus wave, the domestic... 11th October 2022 · 2 mins read
Capital Daily US policy deals a blow to China’s equities, not for the last time China’s equities came under pressure today, partly in response to the US announcing fresh curbs on technology exports to the country last Friday. This is another crack in an increasingly fractured... 10th October 2022 · 6 mins read
China Economics Weekly UN win highlights China’s “fracturing” vulnerabilities China had a diplomatic win at the UN this week, but its success also shines a light on its vulnerabilities as the global economy fractures into US and China-centred blocs. China has more supporters in... 7th October 2022 · 9 mins read
Asia Economics Weekly Bank of Korea: 25bp or 50bp hike? The consensus is expecting the Bank of Korea (BoK) to increase its policy rate by 50bp at its scheduled meeting on Wednesday. But with the economy slowing sharply, we think a 25bp hike is more likely. 7th October 2022 · 5 mins read
