Emerging Markets Economics Update EM manufacturing set for a weaker Q3 After a large fall in July, the EM manufacturing PMI only edged up slightly last month, suggesting that the sector fared worse in Q3 than in the first half of the year. The PMIs did at least provide... 3rd September 2024 · 2 mins read
Global Economics Update Green tech and chips will remain key battlegrounds Several advanced economies have raised tariffs on imports of green technologies and semiconductors from China to address their growing trade deficits in these goods and tackle a perceived strategic... 3rd September 2024 · 5 mins read
Japan Rapid Response Japan Labour Cash Earnings (July 24) While weaker growth in bonus payments weighed on overall wage growth, base pay rose by the most since 1992 in July and we think it will continue to surge in the coming months. The preliminary estimate... 5th September 2024 · 2 mins read
Asia Economics Update Korea: fall in inflation opens the door to October cut Inflation in Korea fell back sharply last month, supporting our view that the central bank will cut interest rates at its next meeting in October. 3rd September 2024 · 2 mins read
Capital Daily Will the slump in Chinese equities ever end? Chinese equities have tumbled today, and while we see scope for them to recover a bit in the coming months, we are quite pessimistic about their medium-to-long term prospects. 2nd September 2024 · 4 mins read
China Rapid Response China PMIs (Aug. 2024) The PMIs for August suggest that economic momentum held broadly steady last month, with modest improvements in manufacturing helping to offset a further slowdown in construction activity. But with... 2nd September 2024 · 3 mins read
Asia Chart Pack Asia Chart Pack (August 2024) Our Asia Economics Chart Pack has been updated with the latest data and our analysis of recent developments. With GDP growth likely to struggle, inflation set to remain low and currencies rebounding... 30th August 2024 · 0 mins read
China Economics Weekly Tariff barriers keep climbing, USD still dominates trade Canada's new tariffs on Chinese exports won't have much of an impact on China's economy, but they are symptomatic of a broader wave of protectionist measures that have been ramping up in recent years... 30th August 2024 · 5 mins read
Climate Economics Monthly Canada EV tariffs; Is Trump warming to EVs? While Canada's tariffs on Chinese-made electric vehicles are unlikely to have a major impact on China's green exports, it is another example of broader global fracturing between China and the West... 30th August 2024 · 4 mins read
Africa Economics Weekly China-Africa lending, Zambia power cuts to bite Data out this week showed that Chinese lending to Africa increased for the first time since 2016. But worries about convoluted debt restructuring processes mean that Chinese outbound lending to the... 30th August 2024 · 6 mins read
China Chart Pack China Chart Pack (Aug. 24) Falling house prices and a soft labour market will continue to hold back consumer spending over the coming months. And with the PBOC concerned about a bond bubble, large-scale monetary easing appears... 30th August 2024 · 1 min read
India Rapid Response Growth slowing, but economy still strong GDP figures for Q2 show a sharper-than-expected slowdown in India’s economy. Looking ahead, we expect economic activity to moderate a bit further over the coming quarters. But the big picture is that... 30th August 2024 · 2 mins read
Asia Economics Weekly Falling fertility in Korea, government in retreat New figures released this week show that the fertility rate in Korea fell again last year to a new all-time low of just 0.72 births per woman. The decline in the fertility rate will weigh heavily on... 30th August 2024 · 7 mins read
China Activity Monitor CAP: Growth picks up thanks to fiscal boost Our China Activity Proxy suggests that activity growth edged up in July thanks to a ramp-up in fiscal spending. Policy support will continue to drive a cyclical recovery over the coming months. But... 29th August 2024 · 4 mins read
China Rapid Response PBOC buys bonds today but will be selling soon The PBOC has just revealed that it purchased RMB400bn of government bonds from primary dealers today. This might seem like an odd move given that the central bank has spent recent months trying to... 29th August 2024 · 2 mins read
China Economics Update PBOC at the mercy of leadership’s muddled priorities The PBOC appears poised to step up its efforts to prevent bond yields from falling, even though lower borrowing costs would help the economy right now. The inconsistencies in its policy approach are... 29th August 2024 · 6 mins read
