CHINA+ DATA WRAP 6 November 2025: Japan's full-time wage growth slows

Full-time regular pay growth slowed a tad
Real wages extended their decline in September

CHINA+ DATA WRAP 5 November 2025: RatingDog PMI points to efficiency gains

Efficiency gains help profits but hurt labour demand

6 November 2025 China+ Monitor China's falling saving rate not enough to revamp growth model

• China’s household saving rate has fallen, implying greater readiness for consumption spending...
• ...But not by enough to make up for the slump in residential sales since 2019; no wonder demand is soft.
• The October RatingDog services PMI reports efficiency gains; good for profits, but bad for jobs short term.

CHINA+ DATA WRAP 31 October 2025: Modest rise in inflation won't shock BoJ

Investment stimulus should lift China's manufacturing index from October's trough
Tokyo inflation bump driven by local water subsidy expiry

3 November 2025 China+ Monitor China launches investment stimulus to revive depressed demand

• China is countering its investment slump by approving an additional RMB500B in local-government bonds...
• ...And driving though the disbursal of RMB500B in policy-bank funds for investment projects.
• This should boost the official manufacturing index from its October trough.