Export values grew y/y at the fastest pace in 15 months, with export volumes hitting record highs. We think exports will stay robust in the near term despite increased Western tariffs. Import volumes...

The continued weakness of the renminbi and the yen against the US dollar despite the narrowing of interest rate differentials via-a-vis the US is something of a conundrum, but our sense remains that...

Consumer price inflation edged down in June. Producer price deflation eased but this was entirely due to base effects. We still expect a slight uptick in CPI inflation over the coming months but...

The PBOC will soon start borrowing government bonds, opening the door to sales aimed at arresting the decline in long-term yields, which the central bank sees as a growing financial stability risk...