Event Asia Drop-In: How much of a threat are surging bond yields to Asia’s economies? 31st October 2023, 8:00AM GMT In light of the Bank of Japan’s policy announcement this today, our Asia team hosted an online briefing all about the impact of rising bond yields on Asia’s economies and markets. Marcel Thieliant...
Asia Economics Weekly How will policymakers react to weaker currencies? A strong US dollar is a threat to countries with lots of foreign currency debt and/or inflation problems. If Asian currencies remain under downward pressure we expect policymakers to step up their... 20th October 2023 · 6 mins read
China Economics Weekly GDP breakdown suggests service sector still struggling The official GDP figures show a marked acceleration in quarter-on-quarter growth in Q3. But a closer look at the data suggests that this may be a statistical mirage. We think that growth slowed last... 20th October 2023 · 4 mins read
Asia Economics Update “One and done” in Indonesia In a surprise move, Bank Indonesia (BI) today hiked its main policy rate by 25bps (to 6.0%) in an attempt to support the currency. But there is a good chance this will be a case of “one and done”. Our... 19th October 2023 · 3 mins read
Asia Economics Update First signs of a dovish shift at the Bank of Korea The Bank of Korea today left its policy rate unchanged (at 3.5%), and while Governor Rhee left open the possibility of further interest rate hikes, there are signs that some members of the central... 19th October 2023 · 3 mins read
Emerging Markets Economics Update EM exports treading water Aggregate EM goods exports have struggled for momentum in recent months and, while there were more positive signs from some of the timely September trade data, we think that exports are likely to... 18th October 2023 · 3 mins read
Capital Daily China’s economic momentum may help its struggling equities We think China’s improving economy may help stop the fall in the country’s stock markets, and see them outperform those of the US for a bit. 18th October 2023 · 4 mins read
China Rapid Response GDP (Q3) & Activity (Sep.) According to official GDP, growth more than doubled in q/q terms between Q2 and Q3, reaching a healthy 5.3% annualised rate. Our China Activity Proxy suggests that momentum isn’t quite this strong... 18th October 2023 · 5 mins read
Asia Economics Weekly Tighter fiscal policy in Malaysia , BoK on hold again Malaysia’s budget for 2024, which was unveiled in parliament today, envisages a modest tightening of fiscal policy. Tighter policy will weigh on an economy which is already being hit hard by the slump... 13th October 2023 · 6 mins read
Event China Drop-In: Q3 data dump and the economic and policy outlook 1697616000 Economists from our China and financial markets teams held an online briefing about the Q3 economic data release and outlook for the Chinese economy and markets.
China Economics Weekly China’s AI chip challenge The US government appears to be about to tighten the controls that it brought in a year ago on China's access to cutting-edge chips. One consequence will be that Chinese firms will find it harder to... 13th October 2023 · 7 mins read
China Rapid Response Bank Lending & Broad Credit (Sep.) After slowing sharply in Q2, broad credit growth edged up in August and held steady last month. Although a sharp rebound seems unlikely, we do think credit growth could pick up somewhat over the... 13th October 2023 · 3 mins read
China Rapid Response Merchandise Trade (Sep.) China’s export values continued to contract year-on-year in September. But to the extent that foreign demand has cooled recently, it is being reflected in export prices rather than export volumes... 13th October 2023 · 2 mins read
