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.
Chartbook Daily Monitor Duncan Wrigley
- The PBoC left the MLF rate unchanged yesterday, as policymakers assess the impact of recent easing.
- Headline consumer inflation improved slightly in December, but core inflation remains sluggish.
- Excess capacity is likely to weigh on manufactured goods prices in 2024.
Duncan WrigleyChina+
- The BoK left the policy rate unchanged yesterday, while hinting at future easing in its statement...
- ...But Governor Rhee played down the likelihood of near-term rate cuts, worried about household debt.
- The BoK is likely to start easing in Q3; but a sharp KRW appreciation could bring forward that shift.
Duncan WrigleyChina+
- Tokyo consumer headline inflation continued to fall in December, as food inflation cooled.
- Core inflation is slowing, as high import costs pass through the system gradually.
- The BoJ will probably still exit its negative rate policy in Q2, despite slowing inflation and mediocre growth.
Duncan WrigleyChina+
- China’s foreign reserves posted a second straight strong rise in December, as U.S. yields fell.
- Both valuation effects and improved capital inflows drove the marked increase in reserves.
- China’s pro-growth policy tilt is seen in the firing of an official, after new gaming rules hit stock prices.
Duncan WrigleyChina+
- The Caixin PMI indicated rising service activity in December, in contrast to the depressed official PMI...
- ...But the Caixin PMI has been a better leading indicator of services production recently.
- Consumer services demand is likely to continue to outperform soft consumer goods demand in 2024.
Duncan WrigleyChina+
- - CHINA PRIORITISES RESTRUCTURING OVER GROWTH
- - FALLING INFLATION SHOULD DELAY BOJ TIGHTENING
- - BOK WORRIED ABOUT HIGH HOUSEHOLD DEBT
Duncan WrigleyChina+
- The BoJ announced no change to its easy policy settings yesterday.
- Falling U.S. yields have eased pressure on the yen, lessening the urgency of a BoJ policy shift.
- The December flash PMIs indicate falling manufacturing demand, but resilient services activity.
Duncan WrigleyChina+
