Pantheon Publications

7 August 2025 China+ Monitor China's consumer and job-market sentiment near historic lows

• China’s consumer sentiment is near historic lows, weighed down by property- and job-market worries. 
• Employment sentiment is nearly as feeble as at the global financial crisis low point.
• More people expect broad inflation than deflation, which is largely confined to producer prices.

CHINA+ DATA WRAP 5 August 2025: Buoyant Caixin services PMI

In one line: Buoyant Caixin services PMI points to pockets of strength, such as tourism

Global Datanote: Caixin Manufacturing PMI, China, July

In one line: China’s manufacturing sector rocked by trade uncertainty

CHINA+ DATA WRAP 1 August 2025: Caixin PMI reports falling export orders

Caixin PMI reports falling export orders
Korean exports hold up thanks to front-loading, but domestic demand sags

4 August 2025 China+ Monitor China's manufacturing sector hit by trade risk and extreme weather

• China’s July manufacturing PMIs were buffeted by headwinds from trade risk and bad weather.
• But sentiment improved slightly, showing business confidence in new products and markets.
• The dipping construction PMI partly reflects a downshift in local-government fiscal stimulus.

Global Datanote: Politburo, China, Q2

In one line: China's Q2 Politburo meeting downplays trade risks, focuses on domestic issues like price wars

1 August 2025 China+ Monitor BoJ strikes a cautious tone, while staying put on interest rates

• The BoJ yesterday kept the policy rate on hold at 0.5%, as widely expected.
• The Bank remains cautious about the growth outlook, despite the US-Japan trade deal.
• The BoJ did raise its inflation forecast though, because of food inflation.