China+ Datanote: Mfg PMIs, China, December

In one line: China’s manufacturing PMIs edges back into expansion, but sustainability remains in question

CHINA+ DATA WRAP 1 January 2026: China's manufacturing and non-manufacturing PMIs rebound, but momentum looks fragile

In one line: China's manufacturing and non-manufacturing PMIs rebound, but momentum looks fragile

CHINA+ DATA WRAP 8 January 2026: Wage growth falls, but regular pay steady

In one line: BoJ won't be fazed by slowing headline wage growth, as regular pay growth is relatively steady

8 January 2026 China+ Monitor China's foreign reserves on a rising trend, despite trade frictions

• China’s $11.5B rise in foreign reserves in December was down entirely to currency-valuation effects.
• The large trade surplus has been resilient, despite tariff frictions, due to exports expanding into new markets.
• Our estimated residual net capital outflow probably points to retained export earnings held offshore.

6 January 2026 China+ Monitor China's services firms optimistic despite cooling in demand

• The December RatingDog services PMI points to slowing demand but a marked revival in sentiment.
• Firms are reluctant to hire though, and services inflation pressure is muted.
• China has provided more funds for consumer subsidies, though less than this time last year.

CHINA+ DATA WRAP 5 January 2026: RatingDog services points to slower demand

In one line: Sentiment rose, despite slowing demand

23 December 2025 China+ Monitor China settles in for an L-shaped residential-property recovery

• China’s residential sales are still slumping in December, with weakness across all city tiers.
• Tier-one city pre-owned housing prices sank, amid reports of a surge in listings of low- to mid-end units.
• Policymakers seem resigned to a protracted recovery, with no new ideas at the CEWC.

CHINA+ DATA WRAP 22 December 2025: China's LPRs unchanged

China's LPRs unchanged for seventh straight month amid lower trade risks

China+ Datanote: National CPI, Japan, November

In one line: treading sideways

China+ Datanote: Flash Manufacturing PMI, Japan, December

In one line: Reviving manufacturing activity but mounting cost pressures

CHINA+ DATA WRAP 16 December 2025: Japan's flash PMIs

 Japan's flash PMIs find reviving manufacturing activity but mounting cost pressures

17 December 2025 China+ Monitor Japan's wage outlook for 2026 likely to remain uneven

• The BoJ’s regional branches report steady wage-hike expectations for 2026, except at small firms.
• Japan’s December flash PMIs see manufacturing activity reviving but cost pressures mounting.
• The Q4 Tankan finds severe labour shortages, but these have yet to spur an uptick in broad wage growth.

16 December 2025 China+ Monitor China's domestic demand still in the slow lane as policy boost fades

• China’s November activity data point to slowing goods consumption but steady services spending.
• Still-falling fixed asset investment has yet to benefit from the quasi-fiscal-stimulus funding support.
• Policymakers will proceed cautiously on tackling the reasons for the weak demand, amid bright exports.

CHINA+ DATA WRAP 15 December 2025: China's Nov activity data still softening

China's November activity data show goods consumption softening and fixed asset investment worsening

China+ Datanote: Money & Credit, China, November

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

China+ Datanote: CEWC, China, December

In one line:signalling confidence, no major course shift

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