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
Please use the filters on the right to search for a specific date or topic.
Daily Monitor Datanotes Duncan Wrigley
Japan’s headline consumer inflation gains steam on food inflation
Duncan WrigleyChina+
Japan’s flash manufacturing PMI shows activity spluttering
Duncan WrigleyChina+
Korean working-day exports fell due to holiday effects; surging auto exports points to front-loading
Duncan WrigleyChina+
Japan's consumer inflation boosted by food inflation
Korea's WDA-exports drop during the holiday, despite auto shipment surge
Duncan WrigleyChina+
China's lending benchmark rates left unchanged
Duncan WrigleyChina+
PBoC waiting for the trade war to heat up
Duncan WrigleyChina+
- President Xi’s meeting with tech executives on Monday was important for symbolism and policy.
- But it won’t magically solve the macro challenges of sagging profits and weak demand.
- Rapid AI adoption is disruptive for hiring demand; skills mismatches will weigh on the labour market.
Duncan WrigleyChina+
China's residential price decline steady in holiday season
Japan's real export growth less impressive than headline
Duncan WrigleyChina+
- China’s local governments have begun using special- bond funds to stabilise the residential market.
- But in some cases it’s more a matter of moving money from the left pocket to the right pocket.
- More property-policy tweaking is likely during next month’s Two Sessions; gradual progress in prospect.
Duncan WrigleyChina+
Overall credit growth still relatively sturdy, thanks to robust government bond issuance
Duncan WrigleyChina+
- China’s consumer goods trade-in scheme drove RMB300B in retail sales, or 0.2% of GDP, last year.
- The expanded scheme is likely to drive 0.7% of GDP this year, thanks to greater fiscal support.
- The industrial equipment upgrade programme should support 0.8% of GDP, unchanged from last year.
Duncan WrigleyChina+
- China’s January headline consumer inflation jumped, due to holiday spending and timing effects.
- The holiday bump in inflation is likely to subside after Lunar New Year, with demand still soft.
- Producer prices continued to fall in January, amid signs of industrial excess supply and falling costs.
Duncan WrigleyChina+
Producer prices extend their decline with broad price falls
Duncan WrigleyChina+
China's headline consumer inflation buoyed by holiday travel and spending; underlying trend still weak for both consumer and producer prices
Duncan WrigleyChina+
China’s foreign reserves rose in January, likely on the back of export front loading ahead of tariff risks
Duncan WrigleyChina+
China's Caixin services activity slows, but sentiment improves
Japanese wages enjoy year-end bonus boost
Duncan WrigleyChina+
- China’s consumption activity was strong over the Lunar New Year holiday period...
- ...But it is likely to slow again afterwards, repeating the pattern established since the reopening.
- January’s Caixin services PMI activity slowed a tad before the holiday, but expectations improved.
Duncan WrigleyChina+
- China is likely to be restrained in its retaliation to the US tariff hike announced over the weekend.
- A limited trade war is more likely than a near-term grand bargain. Goodwill gestures seem likely.
- The Caixin manufacturing PMI declined in January but held up better than the official gauge.
Duncan WrigleyChina+
In much better shape than the headline suggests
Duncan WrigleyChina+
Caixin PMI holds up better than official index
Duncan WrigleyChina+
