China+ Publications
Below is a list of our China+ Publications for the last 5 months. If you are looking for reports older than 5 months please email info@pantheonmacro.com, or contact your account rep
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Daily Monitor Duncan Wrigley
- The PBoC on Monday gave no hint of imminent easing, despite July’s underwhelming activity data.
- China is likely to go slow on further policy support, so it has options if trade talks with the US hit a wall.
- The property market is worsening again, putting developer finances under pressure.
- China’s broad credit growth edged up in July, only thanks to rapid government-bond issuance.
- Credit demand elsewhere appears lacklustre, with net long-term corporate loan repayments.
- Subsidies for consumer and services firm loans are helpful but unlikely to be a game-changer.
- 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.
- 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.
