Capital Daily US big tech is back … but not at China’s expense The rolling back of tariffs has coincided with a recovery in big tech in the US and China. Their dual rally is something new since Donald Trump returned to the White House. We think there’s a good... 14th May 2025 · 5 mins read
China Rapid Response China Bank Lending & Broad Credit (Apr.) Bank loan growth resumed its slowdown last month, but broad credit growth continued to accelerate on the back of a surge in government bond issuance. While monetary easing should help drive up private... 14th May 2025 · 2 mins read
China Economics Update Hong Kong property prices won't recover this decade While sales volumes have picked up since the start of last year, we expect residential property prices in Hong Kong to continue to fall until Fed cuts resume. Even then, given the structural headwinds... 14th May 2025 · 5 mins read
Japan Chart Pack Japan Chart Pack (May 2025) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. Japan’s economy won’t be affected much by global trade tensions. While the Bank of Japan has... 14th May 2025 · 1 min read
India Rapid Response India Consumer Prices (Apr. 2025) The slight fall in India’s consumer price inflation in April, which pushes it further below the Reserve Bank of India’s (RBI’s) 4% target, supports our view that the central bank will press ahead with... 13th May 2025 · 2 mins read
Global Economics Update Global Trade Stress Monitor To cut through the noise surrounding tariff impacts, we’ve pinpointed seven key stages in the global trade cycle – tracking in real time how each is responding to tariffs. This tool helps clients... 13th May 2025 (Updated 11th June 2025) · 0 mins read
Global Economics Update A truce in the US-China trade war The US and China have each suspended for 90 days all but 10% of their Liberation Day tariffs and cancelled other retaliatory tariffs. This is a substantial de-escalation. However, the US still has... 12th May 2025 · 4 mins read
China Rapid Response China Consumer & Producer Prices (Apr. 2025) Core inflation has recovered somewhat in recent months, even as headline inflation has slipped back into negative territory. But the outlook for underlying inflation is still deteriorating, with the... 11th May 2025 · 2 mins read
China Economics Weekly China Weekly: A tariff detente won’t avert an export slowdown The US-China trade talks taking place in Geneva this weekend could pave the way for a partial rollback in tariffs. But they are still likely to remain much higher than at the start of the year. And a... 9th May 2025 · 6 mins read
Asia Economics Weekly Asia Weekly: Exports to US surge, dovish BSP Exports from Vietnam and Taiwan to the US have surged in recent months as US buyers have front-loaded orders ahead of the introduction of tariffs. The strength in exports is likely to continue in the... 9th May 2025 · 6 mins read
India Economics Weekly India Weekly: Missile strikes and trade deals Rising tensions in Kashmir are not a major threat to India's economy, but if China were to step in and provide support to Pakistan, it would surely put a major dent in the improvement in Sino-Indian... 9th May 2025 · 5 mins read
China Rapid Response China Merchandise Trade (Apr. 2025) Export growth slowed by less than most had anticipated in April, as the drop in export orders from the US is taking time to feed through to actual shipments and many exporters are also finding ways... 9th May 2025 · 3 mins read
Japan Economics Weekly Japan Weekly: Weakness in wage growth probably not genuine While the trade deal agreed between the UK and the US this week sets an encouraging precedent, there are no signs of progress in the talks between Japan and the US. Meanwhile, the recent slump in... 9th May 2025 · 5 mins read
Emerging Markets Economics Update EM trade is performing well, but surveys look worrying The trade data available for March and April suggest that a large number of EMs have benefitted from a front-running of tariffs in recent months, particularly those across Asia (Taiwan, Vietnam and... 8th May 2025 · 4 mins read
