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.
Daily Monitor Global
- 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+
- December’s NBS manufacturing PMI fell for a third straight month, to the weakest level since June.
- The divergence between the official and the Caixin measures continues, especially on export orders.
- The government will rely more on fiscal policy in 2024. The PSL deployment is a quasi-fiscal example.
Kelvin Lam (Senior China+ Economist)China+
- Korea’s 20-day exports rose sharply in December on base effects, and jumps in vessel and chip exports.
- Exports to China and Hong Kong continue to recover, while shipments to the EU tanked.
- Any improvement in Korea’s exports hinges on how sustained the ICT rebound and China’s recovery are.
Kelvin Lam (Senior China+ Economist)China+
- The PBoC kept one-and five-year LPRs steady in December, after standing pat on MLF rates earlier.
- Japan’s exports dipped back into negative growth in November following two months of expansion.
- Exports to the US and EU slowed significantly, while car exports continue to grow, albeit less strongly.
Kelvin Lam (Senior China+ Economist)China+
- 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+
