China+ Datanote: National CPI, Japan, November

In one line: Sharp rise in Japan’s CPI highlights energy and fresh food costs, BoJ holds steady

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Loan Prime Rates, China, December

In one line: China’s commercial banks kept LPRs unchanged in December.

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 19 December 2024

BoJ holds rates in December; Eyes on Ueda for rate path clues

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Exports, Japan, November

In one line: Japan’s exports were a mixed bag in November; expect more headwinds in 2025.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Flash PMIs, Japan, December

In one line: Japan’s manufacturing PMI rebounds, Services activity improves ahead of festive season

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 16 December 2024

China's November activity data disappoints again, but property prices show improvement

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Money and Credit, China, November

In one line: China's credit demand from the real economy slows to two-decade low

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 13 December 2024: Central Economic Work Conference (CEWC) 2024, China, December

In one line: CEWC Takeaway: China prioritises demand-boosting policies for 2025, but details revealed remain underwhelming.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: CEWC, China, December

In one line: CEWC Takeaway: China prioritises demand-boosting policies for 2025, but details revealed remain underwhelming.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Exports, China, November

In one line: China’s export growth weakens amid slowing global demand

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Politburo Statement, China, December

In one line: China’s Politburo sets the tone for 2025: "Moderately loose" monetary policy and “more" proactive fiscal plans

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: PPI, China, November

In one line: China’s producer price deflation eases in November amid signs of stimulus impact

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: CPI, China, November

In one line: China’s consumer inflation sinks further in November, led by weaker food prices, but core inflation shows signs of stabilisation

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Foreign Reserves, China, November

In one line: China’s foreign reserves rise unexpectedly in November, with policy banks likely shouldering some outflow pressures

Kelvin Lam (Senior China+ Economist)China+

6 January 2025 China+ Monitor Korean business sentiment dives due to political crisis; trade risks rise

• The December PMI reports Korean manufacturers at their most pessimistic since June 2020.
• Export growth showed a markedly slower trend in Q4, with broad weakness across regional markets.
• The government forecasts export growth to plunge to 1.5% in 2025, from 8.2% in 2024.

Duncan WrigleyChina+

CHINA+ DATA WRAP 2 January 2025: China's Caixin PMI shows slowing growth

China's Caixin PMI shows slowing growth
Korean manufacturing sentiment takes a nosedive

Duncan WrigleyChina+

China+ Datanote: Caixin Manufacturing PMI, China, December

Chinese manufacturing growth ebbs at year-end

Duncan WrigleyChina+

2 January 2025 China+ Monitor China's official PMIs deserve a quiet cheer, notably in services

• China’s December official PMIs were a mixed bag with the manufacturing gauge losing ground slightly.
• The broad-based rise in the services PMI is encouraging; but it's only one-month's reading.
• The uptick in the construction PMI was likely mainly due to short-term factors.

Duncan WrigleyChina+

December 2024 - China+ Chartbook

• - CHINA’S POLICY MACHINES POINT TO MORE EASING IN 2025
• - THE ‘TRUMP FACTOR’ GIVES THE BOJ PAUSE FOR THOUGHT
• - BOK SWAYED BY DOMESTIC AND EXTERNAL FACTORS

Kelvin Lam (Senior China+ Economist)China+

23 December 2024 China+ Monitor China's exports slow in November; "Trump factor" weighs on outlook

• China export momentum weakened in November, driven by slowing shipments across key markets.
• The slowdown was broad-based, with both high-tech and low-tech exports decelerating sharply.
• Export demand is unlikely to offset domestic demand deficiencies in 2025 amid Trump policy uncertainty.

Kelvin Lam (Senior China+ Economist)China+