China Rapid Response China Activity & Spending (May 2026) The May activity data show that strong exports are boosting industrial production, but domestic demand remains lacklustre 16th June 2026 · 2 mins read
China Rapid Response Bank Lending & Broad Credit (May.) The net increase in new credit jumped in May, but that just reflects the usual seasonal pattern. Year-on-year growth in aggregate financing to the real economy (AFRE – the PBOC’s preferred measure of... 12th June 2026 · 2 mins read
China Rapid Response China Consumer & Producer Prices (May 2026) Although cost pressures for Chinese firms picked up further in May, they remain somewhat narrow in scope. Moreover, consumer price inflation is already showing signs of tapering off, and we think it... 10th June 2026 · 2 mins read
China Rapid Response China Merchandise Trade (May 2026) Chinese exports gained further momentum in May, led by soaring semiconductor shipments. Meanwhile, the pickup in import growth mostly reflects favourable base effects. 9th June 2026 · 3 mins read
China Rapid Response China PMIs (May 2026) The PMIs suggest that China’s economy accelerated in May, with the import price shock from the Iran war moderating, external demand holding up well and AI-related spending boosting services activity. 3rd June 2026 · 3 mins read
China Rapid Response China Activity & Spending (Apr. 2026) Domestic headwinds look to have intensified last month, especially when it comes to construction activity. But with external demand picking up and the electronics sector in an upswing, we still think... 18th May 2026 · 3 mins read
China Rapid Response Bank Lending & Broad Credit (Apr.) The net increase in new credit slumped in April. While that partly reflects the usual seasonal pattern, year-on-year growth in aggregate financing to the real economy (AFRE – the PBOC’s preferred... 14th May 2026 · 2 mins read
China Rapid Response China Consumer & Producer Prices (Apr. 2026) The fallout from the Iran War pushed up inflation again in April but price pressures remain narrow in scope and aren't likely to build into a wider reflationary impulse. Inflation looks set to climb a... 11th May 2026 · 2 mins read
China Rapid Response China Merchandise Trade (Apr. 2026) Higher oil prices pushed up import values last month. But soaring chip prices are having an even bigger impact on China’s trade data, pushing up both exports and imports. Price effects aside, the big... 11th May 2026 · 3 mins read
China Rapid Response Hong Kong GDP (Q1 Preliminary) Hong Kong’s Q1 growth surprised significantly to the upside, with the economy expanding by 5.9% y/y, up from 3.8% in Q4. In seasonally adjusted, q/q terms, the economy grew by 2.9%, the fastest pace... 5th May 2026 · 2 mins read
China Rapid Response China PMIs (Apr. 2026) The RatingDog Services PMI came in stronger than expected, diverging from its official counterpart. The average of the two was unchanged from March, however. And given the weakness in the construction... 30th April 2026 · 4 mins read
China Rapid Response China GDP (Q1) & Activity (Mar. 2026) The March activity data point to some loss of economic momentum last month. Seasonal distortions are partly to blame, however, and growth accelerated in Q1 overall. We think growth will soften a bit... 16th April 2026 · 3 mins read
China Rapid Response China Merchandise Trade (Mar. 2026) Exports slowed last month and fell short of expectations, but this reflects seasonal distortions. For Q1 as a whole, export growth rose to its highest level in four years. Despite the energy price... 14th April 2026 · 3 mins read
China Rapid Response China Bank Lending & Broad Credit (Mar.) The slowdown in credit growth resumed in March as weakening household demand dragged bank loan growth down further. 13th April 2026 · 2 mins read
China Rapid Response China Consumer & Producer Prices (Mar. 2026) The Iran War has ended three years of factory-gate deflation in China and pushed CPI inflation to its highest level since early 2023 (after adjusting for Lunar New Year distortions). The big picture... 10th April 2026 · 2 mins read
China Rapid Response China PMIs (Mar. 2026) The decline in the RatingDog manufacturing PMI for March partially offsets the strength in the official survey data. But the big picture remains that, despite rising price pressures, the Iran War has... 31st March 2026 · 3 mins read
