China Economics Rapid Response PMIs (May) The PMI surveys suggest that China’s economic recovery was still ongoing in May, albeit at a slower pace. Waning fiscal support weighed on construction activity. But manufacturing output ticked up and... 31st May 2023 · 3 mins read
China Economics Rapid Response Activity & Spending (Apr.) Growth on most indicators accelerated in y/y terms in April. But this was due to a weak base for comparison from a year ago when Shanghai and several other cities went into lockdown. In seasonally... 16th May 2023 · 3 mins read
China Economics Rapid Response China Bank Lending & Broad Credit (Apr.) A widely-anticipated acceleration in credit growth didn’t materialise last month, suggesting that momentum may already be fading in China’s post-zero-COVID rebound. 11th May 2023 · 2 mins read
China Economics Rapid Response China Consumer & Producer Prices (Apr.) Producer price deflation deepened further last month to a 35-month low, and consumer price inflation dropped to its smallest in more than two years. Although the impact of reopening pushed up services... 11th May 2023 · 3 mins read
China Economics Rapid Response China Trade (Apr.) China’s export volumes partially reversed March’s jump last month. Shipments of most consumer goods declined due to weak global demand except for those of electric vehicles. Given the gloomy outlook... 9th May 2023 · 3 mins read
China Economics Rapid Response PMIs (Apr.) The latest survey data add to wider evidence that while China’s recovery remains robust, it is losing some momentum. In particular, the manufacturing PMIs fell below 50, suggesting that the reopening... 4th May 2023 · 3 mins read
China Economics Rapid Response Hong Kong GDP (Q1 Preliminary) Hong Kong’s GDP growth turned positive in Q1 after four consecutive quarters of decline. The economy rebounded more rapidly than anticipated, largely thanks to the swift return of foreign visitors as... 2nd May 2023 · 3 mins read
China Economics Rapid Response GDP (Q1), Activity & Spending (Mar.) GDP rebounded more quickly than expected in Q1 thanks to a rapid return to normality following last year’s virus disruptions. With consumer confidence on the mend and credit growth accelerating, there... 18th April 2023 · 4 mins read
China Economics Rapid Response China Trade (Mar.) China’s exports unexpectedly jumped last month. But we aren’t convinced that this rebound will be sustained given the still gloomy outlook for foreign demand. Imports fell short of expectations but... 13th April 2023 · 4 mins read
China Economics Rapid Response Bank Lending & Broad Credit (Mar.) Bank loan growth jumped to a 17-month high in March. And broad credit growth rose to its highest since December. Both were stronger than most anticipated. We expect broad credit growth to accelerate a... 11th April 2023 · 3 mins read
China Economics Rapid Response China Bank Lending & Broad Credit (Feb.) 10th March 2023 · 2 mins read
