The detailed breakdown of China’s Q4 GDP data released today points toward softer service sector activity last quarter on the back of slower property sales and weaker consumer spending. We expect...

The liquidity injection by the PBOC this week was the largest on record. But it was mainly intended to manage the usual cash crunch ahead of Chinese New Year rather than loosen monetary conditions...

The economic targets for 2019 that have been leaked this week signal official acknowledgement that China’s growth is slowing. Nonetheless, the low target for the fiscal deficit suggests that...

With property sales slowing and monetary conditions likely to remain tight over the coming year, there are growing concerns about a possible slump in home prices in Hong Kong. We expect prices to fall...