The upcoming Year of the Dragon will bring some improvements to China’s economy, including an uptick in births, increased fiscal support and a further normalisation in consumer behavior. But with the...

CPI fell deeper into deflationary territory last month. But this was largely due to the usual volatility in food and tourism prices around Chinese New Year. We think consumer price inflation will...

President Xi this week made clear that faster productivity gains are central to his “high-quality development” agenda. Focusing on raising productivity is a good idea in principle but making it a...

Hong Kong’s growth picked up only marginally in Q4, underperforming most expectations. And although we foresee some further upside as foreign visitors and workers continue to return, we think the...