China Rapid Response China Activity & Spending (Jan. & Feb. 2026) China’s activity data suggest that growth accelerated at the start of the year, driven by both strong exports and a pickup in domestic demand. While China is better placed than most economies to... 16th March 2026 · 2 mins read
China Rapid Response Bank Lending & Broad Credit (Feb.) Credit growth remained unchanged in February with a further slowdown in bank lending growth being offset by a pickup in non-bank credit. 13th March 2026 · 2 mins read
China Rapid Response China Merchandise Trade (Jan. & Feb. 2026) Both exports and imports started the year much stronger than expected. While the recent pace of gains is unlikely to be sustained, exports are likely to remain robust given the recent decline in US... 10th March 2026 · 2 mins read
China Rapid Response China Consumer & Producer Prices (Feb. 2026) CPI inflation recovered last month, thanks to temporary factors such as an easing of oil price deflation and volatility in food and tourism prices around Lunar New Year. Tensions in the Middle East... 9th March 2026 · 2 mins read
China Rapid Response China PMIs (Feb. 2026) The PMIs point to an improvement in economic momentum last month, driven by manufacturing and services. The recent decline in US tariffs should provide a modest tailwind to exports and manufacturing... 4th March 2026 · 2 mins read
China Rapid Response China Bank Lending & Broad Credit (Jan.) Credit growth slipped further in January despite some renewed support from faster government borrowing. It will probably slow over the coming months, posing a downside threat to economic activity and... 13th February 2026 · 2 mins read
China Rapid Response China Consumer & Producer Prices (Jan. 2025) Consumer price inflation eased due to a later Lunar New Year. But it is likely to bounce back in February. And producer price inflation, which is less seasonal, improved. The recent uptrend on both... 11th February 2026 · 2 mins read
China Rapid Response China PMIs (Jan. 2026) The pickup in RatingDog services PMI for January only partially offsets the weakness in the official survey data. The big picture is still that the economy appears to have lost some momentum last... 2nd February 2026 (Updated 4th February 2026) · 2 mins read
China Rapid Response Hong Kong GDP (Q4 Preliminary) Hong Kong’s economy ended the year on a strong note, with GDP expanding by 3.8% y/y in Q4, up from a downwardly-revised 3.7% y/y in Q3. That brought growth for 2025 as a whole to 3.5% y/y, in-line... 30th January 2026 · 2 mins read
China Rapid Response China GDP (Q4) & Activity (Dec. 2025) Although full-year growth came in at 5.0% y/y, in line with the government’s target, we estimate that the actual pace of economic expansion was at least 1.5%-pts weaker. The December activity data... 19th January 2026 · 3 mins read
China Rapid Response China Bank Lending & Broad Credit (Dec. 2025) Credit growth in China continued to slow in December, as government bond issuance decelerated. Although the PBOC is signalling that policy rate cuts are on the horizon, this is unlikely to prevent... 15th January 2026 · 2 mins read
China Rapid Response China Merchandise Trade (Dec. 2025) Headline export growth rose to a three-month high, with shipments also jumping on a seasonally adjusted basis. We expect this resilience to continue through 2026, although exports will provide less of... 14th January 2026 · 2 mins read
China Rapid Response China Consumer & Producer Prices (Dec. 2025) Headline CPI inflation edged up to its highest level since China’s reopening from zero-COVID, but this was due to a weather-related pickup in food prices rather than success of the “anti-involution”... 9th January 2026 · 2 mins read
China Rapid Response China PMIs (Dec. 2025) The decline in the RatingDog services PMI adds to evidence that momentum in the service sector remains weak, though this didn't prevent a slight improvement in the composite PMI. The partial recovery... 31st December 2025 · 3 mins read
China Rapid Response China Activity & Spending (Nov. 2025) November data point to broad-based weakness in domestic activity, largely due to a pullback in fiscal spending. Policy support should help drive a partial recovery in the coming months, but this... 15th December 2025 · 3 mins read
