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.
China's steps up fiscal support in a measured fashion; room for further easing
Caixin services activity improves
Duncan WrigleyChina+
- Premier Li yesterday announced additional stimulus equivalent to 1.7% of GDP, to bolster growth.
- The disappointing funding amount for consumer subsidies can be boosted to offset slowing exports.
- Government land and property inventory purchases should moderately speed up the real estate recovery.
Duncan WrigleyChina+
Korean manufacturing sentiment dented by sagging US and European orders
Duncan WrigleyChina+
- China has retaliated to US tariffs with its own tariffs on American agricultural products, and company bans.
- Korean WDA exports reversed trend and fell in February, due to weaker demand for semiconductors.
- Korea’s low-end chip production is facing intense competition from China, leading to falling unit prices.
Kelvin Lam (Senior China+ Economist)China+
Manufacturing sentiment rebounds, despite the brewing trade war
Duncan WrigleyChina+
Caixin PMI shows manufacturing sentiment rebound, despite the brewing trade war
Duncan WrigleyChina+
- China’s February PMIs point to a post-holiday activity bounce, but also improved sentiment.
- Sentiment in the manufacturing sector revived, thanks to expectations of stronger demand.
- The construction PMI rose on the back of infrastructure project construction work.
Duncan WrigleyChina+
Post-holiday activity rebound, but firms still wary ahead of the Two Sessions and tariff hikes
Duncan WrigleyChina+
Construction activity rebound looks mainly seasonal; too soon to say if a real infrastructure push is coming
Duncan WrigleyChina+
Outlook still gloomy, after sifting through the holiday data distortions
Duncan WrigleyChina+
Tokyo headline inflation slows as energy subsidies restart; BoJ to stick to policy normalisation path
Duncan WrigleyChina+
Tokyo headline inflation slows as energy subsidies restart; BoJ to stick to policy normalisation path
Duncan WrigleyChina+
- China’s Politburo meeting on Friday signalled a ‘steady as she goes’ approach to economic policy.
- Tokyo consumer inflation fell in February, as energy subsidies brought down energy inflation.
- Fresh food inflation cooled due to seasonal factors, but overall food inflation is likely to pick up in H1.
Duncan WrigleyChina+
- China’s technology & manufacturing policy will take centre stage at the Two Sessions next week.
- Targeted consumption support will be ramped up; no big handout, but fiscal transfers should be supportive.
- The bank recapitalisation provides ammunition for mid-year stimulus, to mitigate the trade war impact.
Duncan WrigleyChina+
Governor Rhee signals one or two additional rate cuts this year after BoK's easing move today
Duncan WrigleyChina+
Governor Rhee signals one or two additional rate cuts this year after BoK's easing move today
Duncan WrigleyChina+
- The Bank of Korea cut rates yesterday, as widely expected in the market, given currency stability.
- Anther two cuts are likely, though we see a rising case for three, given domestic political and trade-war risks.
- China’s bond yield uptick likely reflects improved sentiment, but that rests on fragile ground.
Duncan WrigleyChina+
- Korean exports slowed in February, except to Asia ex-China manufacturing hubs.
- Auto exports benefited from front-loading ahead of a likely US auto tariff hike; chip exports should rebound.
- President Trump’s investment restriction memo is a bargaining chip ahead of trade talks with China.
Duncan WrigleyChina+
Japan’s headline consumer inflation gains steam on food inflation
Duncan WrigleyChina+
Japan’s flash manufacturing PMI shows activity spluttering
Duncan WrigleyChina+
