China+ Datanote: Money & Credit, China, November

In one line: still looking for signs of private sector credit demand

15 December 2025 China+ Monitor Chinese policymakers see little urgency for bold moves

• China’s Central Economic Work Conference last week was a damp squib...
• ...Unsurprisingly, given the relative calm compared with last year ’s impending tariff drama.
• Policymakers are signalling confidence, meaning they will stick to broad settings for 2026, with a few tweaks..

China+ Datanote: CEWC, China, December

In one line:signalling confidence, no major course shift

9 December 2025 China+ Monitor China's Politburo focus on domestic demand and structural issues

• China’s December Politburo meeting yesterday signalled greater confidence in the near-term outlook...
• ...allowing renewed focus on long-term structural issues as well as near-term demand support.
• Exports rose 5.9% year-over-year in November, thanks to demand from non-US markets.

CHINA+ DATA WRAP 8 December 2025: Politburo signals urgency to stabilise demand

Politburo signals urgency to stabilise domestic demand
Chinese exports resume solid growth to non-US markets
Japanese wages lifted by bonuses

2 December 2025 China+ Monitor China's manufacturers hunker down amid sluggish domestic demand

• China’s manufacturing PMIs indicate domestic  demand remains lacklustre. 
• A rebound in builders’ sentiment offers hope that the  policy-bank funding support will gain purchase. 
• China is likely to opt for targeted support, like expanded consumer subsidies at this month’s Politburo meeting

CHINA+ DATA WRAP 1 December 2025: China's domestic demand stalling

RatingDog PMI stung by waning domestic demand, despite buoyant overseas orders
Korean manufacturing index treading water

CHINA+ DATA WRAP 28 November 2025: Tokyo inflation slows slightly

Tokyo inflation slows slightly, with hints of steady wage inflation going into 2026

1 December 2025 China+ Monitor The BoJ is likely to focus on currency risks and wage prospects

• Tokyo inflation edged down to 2.7% year-over-year in November, but the BoJ will focus more on the markets.
• Government claims that total borrowing this year will less than last year have provided reassurance for now.
• The 2026 wage outlook looks reasonably promising, despite the earlier profit hit to automakers from tariffs.