The PBOC’s support of the renminbi against a strengthening dollar is resulting in a trade-weighted appreciation of the currency. This risks eroding Chinese export competitiveness and has a...

Despite a larger-than-expected y/y fall in export values, export volumes climbed to record highs. Nonetheless, we still think export volumes will grow more slowly this year than they did in 2023...

CPI inflation rose less than expected in March but is still trending upwards. We think an easing of food price deflation and the ongoing modest economic recovery will support a slow reflation in the...