China+ Publications
Below is a list of our China+ Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep
Please use the filters on the right to search for a specific date or topic.
- A weak third quarter GDP print for China is a certainty, with the economy facing multiple headwinds.
- Early data hint at the damage done, but September is just the start.
- The real pain from the dual crises will be felt in Q4 and beyond.
Craig BothamChina+
-
Energy shortages push PPI to fresh heights while food remains the dominant theme for CPI
The immediate impact is felt by industry, but it will spread
Craig BothamChina+
- Expectations for a Chinese export slowdown in September were confounded...
- ...But this was due chiefly to one-off factors, and imports showed the impact of China's crises.
- Exports will falter next month, and supply chains will feel the added pressure.
Craig BothamChina+
- In one line: Deleveraging pressures continue as Evergrande’s shadow chills the economy
Craig BothamChina+
- The BoK struck a hawkish note despite holding rates, strongly suggesting a November hike.
- Household debt remains the focus of policy, but there's a risk of complacency over growth.
- China is still deteriorating, and data over the next fortnight will be just a taste.
Craig BothamChina+
- In one line: No back to back hikes from the BoK, but a November hike is all but assured
Craig BothamChina+
-
No back to back hikes from the BoK, but a November hike is all but assured
Renewed market intervention a possibility
Craig BothamChina+
- We downgrade our outlook for Chinese growth further as energy shortages spread.
- Policy responses will save the economy from the worst, but some pain is inevitable.
- China's zero-Covid policies remain a headwind for the service sector, despite a rebound.
Craig BothamChina+
- No cause for concern in foreign exchange reserves data.
- Capital outflow pressure appears modest and re- serves sufficient, for now.
- Property sector stress is growing, however, and cracks are appearing for key actors.
Craig BothamChina+
- In one line: Reserves fall, but no sign yet of capital flight
Craig BothamChina+
- A shock return to positive territory for Tokyo CPI inflation...
- ...Partly driven by the BoJ's usual suspects, but with a larger contribution from goods prices.
- Supply chain issues are intensifying, and will likely be exacerbated by problems in China.
Craig BothamChina+
-
Japanese inflation lurches to life, but transitory factors still dominate
Chinese property market stress spreads as another developer misses a dollar bond payment
USTR leads with bark and no bite, for now
Craig BothamChina+
- Manufacturing weakens as energy rationing bites
- Fading Delta wave boosts services, but Evergrande starts to weigh
Craig BothamChina+
- China's energy rationing is already hurting domes- tic economic activity...
- ...But it may represent opportunities for exporters of energy intensive goods.
- Supply chain issues are intensifying, and will likely be exacerbated by problems in China.
Craig BothamChina+
- In one line: Korean exports may have benefitted from China’s energy problems despite a slowdown
Craig BothamChina+
-
Manufacturing weakens as energy rationing bites
Fading Delta wave boosts services, but Evergrande starts to weigh
Craig BothamChina+
- Manufacturing weakens as energy rationing bites
- Fading Delta wave boosts services, but Evergrande starts to weigh
Craig BothamChina+
- Evergrande And Energy Threaten China's Growth...BoJ Policy Moves To Greener Pastures...Household Debt Resumes Centre Stage For Korea
Craig BothamChina+
