China Economic Outlook Prop from stimulus to be short-lived China’s economy has fared better recently and policy support is likely to remain a near-term prop to growth. But we remain less sanguine about the medium-term outlook. 27th March 2024 · 15 mins read
Emerging Asia Economic Outlook Asian central banks waiting for the Fed With inflation easing and domestic demand struggling in much of emerging Asia, central banks are likely to start cutting interest rates soon. The one remaining concern for policymakers is the fear of... 27th March 2024 · 27 mins read
China Economics Update Supportive fiscal policy will support growth in HK Today’s budget maintains a supportive fiscal stance, and contains major steps to revitalise the property sector. Spending to attract foreign visitors to Hong Kong and support businesses was stepped up... 28th February 2024 · 3 mins read
China Rapid Response Hong Kong GDP (Q4 Preliminary) Hong Kong’s growth picked up only marginally in Q4, underperforming most expectations. And although we foresee some further upside as foreign visitors and workers continue to return, we think the... 31st January 2024 · 2 mins read
Emerging Asia Economic Outlook Policy easing coming sooner than most expect Economic growth in most of Emerging Asia is likely to slow in the near term as weak global demand and high interest rates weigh on prospects. With growth set to struggle and inflation likely to ease... 7th December 2023 · 32 mins read
China Economic Outlook Stronger start, weaker end to 2024 China’s economy has regained some strength recently. We expect this to continue into 2024, on the back of support from fiscal policy and a further pick-up in household spending. But with property... 6th December 2023 · 18 mins read
China Economics Weekly The renminbi’s rise in China’s global transactions For the first time, over half of China’s global transactions are being settled in renminbi. Most of this renminbi isn’t travelling far – the bulk of settlement is being driven by financial flows with... 3rd November 2023 · 7 mins read
China Rapid Response Hong Kong GDP (Q3 Preliminary) Hong Kong’s economy largely treaded water in Q3, underperforming most expectations. A jump in investment and a pick-up in government spending barely offset further struggles in the trade logistics... 31st October 2023 · 3 mins read
Emerging Asia Economics Update Asian Tigers: AI boost will not offset drag from demographics The Asian Tiger economies of Korea, Singapore, Hong Kong and Taiwan are likely to be among the biggest beneficiaries of the emergence of new AI technologies. But the boost will not be enough to offset... 9th October 2023 · 2 mins read
China Economic Outlook Stimulus to deliver partial recovery China’s economy is regaining some momentum after stalling for a brief period during the summer. A step up in policy support looks set to deliver a modest cyclical recovery but trend growth remains... 27th September 2023 · 17 mins read
Emerging Asia Economic Outlook Economic weakness to prompt policy easing in 2024 GDP growth across most of Emerging Asia has struggled over the past year and we expect growth to remain weak in the near term as tight monetary policy at home and subdued activity abroad weigh on... 25th September 2023 · 34 mins read
China Rapid Response Hong Kong GDP (Q2 Preliminary) Hong Kong’s GDP contracted in q/q terms in Q2, underperforming most expectations. A sharp fall in government spending and further struggles in the trade logistics sector more than outweighed a... 31st July 2023 · 3 mins read
UK Housing Market Update High immigration helps explain record rent rise High net immigration helps explain why rental growth accelerated to its fastest pace on record last year. Immigration won’t be as high this year, adding to the reasons to think that rental growth has... 30th May 2023 · 3 mins read
China Chart Pack Renminbi unlikely to revisit last year’s lows The renminbi strengthened sharply against the US dollar in response to China’s move away from zero-COVID. But the currency has since reversed much of those gains and is now approaching 7.10/$, its... 30th May 2023 · 12 mins read
China 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 Chart Pack Financial flows, not trade, leading CNH expansion The renminbi surpassed the US dollar to become the most-commonly-used currency in China’s cross-border transactions for the first time last month. Part of the increase – the part that has received... 27th April 2023 · 11 mins read