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
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 Chart Pack No signs of major stress in labour market Recent data from China’s labour market corroborate evidence elsewhere that the economy has slowed since the start of 2015 but that it has avoided the collapse that many had feared. Migrant wage growth... 20th July 2016 · 1 min read
Metals Data Response China and India’s gold imports (May) China’s gold imports rebounded strongly in May, after a weak start to the year. While premiums in the local market have recently turned negative, Brexit fears could spur a fresh wave of safe-haven... 27th June 2016 · 1 min read
China Chart Pack China would shrug off a Brexit vote A vote by the UK to leave the EU on Thursday is unlikely to have much impact on China. The economic and financial linkages between the UK and China are small, at least as far as China is concerned. In... 17th June 2016 · 1 min read
China Economics Update Wealth effect weighs on Hong Kong consumption Private consumption growth in Hong Kong is at the weakest since 2009, even though the labour market is tight and real wages are growing strongly. The downturn in the city’s housing market and a slump... 15th June 2016 · 1 min read
China Chart Pack April data not all gloomy China’s April data have been met with downbeat headlines. This is not surprising given that growth in almost all the key economic indicators slowed last month. But the comparison between April and... 18th May 2016 · 1 min read
China Data Response Hong Kong GDP (Q1) Hong Kong’s economy contracted in Q1, with output dragged down by falls in exports and household spending. We don’t expect a major rebound in the quarters ahead as interest rates rise further and the... 13th May 2016 · 1 min read
China Economics Update Has property finally turned the corner? A recovery in China’s property market appears to be giving a lift to economic growth. This should continue for a few quarters. But the turnaround does not signal that the drawn-out correction in China... 28th April 2016 · 1 min read
China Chart Pack Signs of a rebound in Q1 A cyclical rebound appears to be underway. Admittedly, there is no sign of a turnaround in either the official GDP figures or Q1 industrial production. But evidence elsewhere points to a policy-driven... 19th April 2016 · 1 min read
Asia Economic Outlook Tigers in trouble, but better prospects elsewhere The region’s original tiger economies, Hong Kong, Singapore, Taiwan and Korea, are likely to struggle over the next couple of years against a backdrop of cooling credit growth, bursting property... 6th April 2016 · 1 min read
China Activity Monitor No rebound yet Our China Activity Proxy (CAP) suggests that growth held up at the start of 2016, but did not rebound as we had hoped. Nonetheless, we still think that a looser policy stance means the data is more... 30th March 2016 · 1 min read
China Chart Pack “Basically stable” renminbi slides lower Three months after the People’s Bank hinted that it would in future manage the renminbi relative to a currency basket rather than the dollar the jury is still out on what this means in practice... 17th March 2016 · 1 min read
China Economics Update Housing downturn set to weigh on growth in Hong Kong A plunge in home sales in February is the latest sign that Hong Kong’s overheated property market is now in the midst of a correction. We expect the housing market downturn to weigh on economic growth... 15th March 2016 · 1 min read
Asia Economics Focus Life in the slow lane for Asia’s Tiger economies With productivity slowing and working age populations set to fall sharply, economic growth in Hong Kong, Singapore, Taiwan and Korea is likely to average little more than 2% over the coming years... 8th March 2016 · 1 min read
Metals Data Response China and India’s gold imports (Jan.) While gold imports by China plummeted in January, India’s buying remained strong. Looking forward, local price premiums suggest that the weakness in imports of gold is likely to have persisted through... 25th February 2016 · 1 min read
