Growth in export values slowed last month, but this was mainly due to lower export prices. Export volumes remained near record highs. We expect outbound shipments to stay strong for a while, not least...

Fears of a US recession have rattled EM equity markets at a time when EM economies themselves are showing more pronounced signs of weakness. Most EM currencies have held up well, suggesting a dovish...

We wouldn’t take this week’s pledge from the Politburo to tilt stimulus towards consumption at face value. The only concrete measures along these lines that have been announced recently have been more...

In its new urbanisation plan, China’s government is setting its targets low. The goal of reaching a 70% urbanisation rate in five years’ time could be met with far smaller increases in the urban...