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.
- Capital outflows pummelled China's foreign reserves in September
Duncan WrigleyChina+
- Japanese wage growth remains dismal
Duncan WrigleyChina+
- Japan’s August wage growth remained lackluster; a virtuous wage-price cycle is still out of reach.
- Even tourism-related sectors are struggling to sustain strong wage growth.
- China’s targeted stimulus is providing a lift to the construction sector, while services are reviving.
Duncan WrigleyChina+
- Korean manufacturing remains weak, despite a deceptive rise in the headline PMI
Japan’s services sector expands at a slower pace
Duncan WrigleyChina+
- The rise in Korea’s September headline PMI is deceptive, as key readings for demand were weak.
- Firms increased input purchases, but in response to higher pricing rather than expected sales.
- Japan’s final services PMI was revised down slightly but still shows robust activity.
Duncan WrigleyChina+
- The Q3 Tankan survey saw conditions improve for big manufacturers.
- The non-manufacturing index rose to a 32-year high, partly driven by tourism-related industries.
- The BoJ will likely keep its negative policy rates unchanged until the nascent recovery takes hold.
Kelvin Lam (Senior China+ Economist)China+
- Both the official and Caixin September PMIs show manufacturing activity rising, thanks to support.
- Accelerated government-bond issuance and rapid lending for manufacturing investment are key.
- Policymakers will likely maintain a targeted approach to demand management; no mega-stimulus.
Duncan WrigleyChina+
- Incremental stimulus is gaining traction, for now
Duncan WrigleyChina+
- China’s manufacturing sector is lifted by targeted support measures
Duncan WrigleyChina+
- Targeted stimulus props up China's manufacturing sector
China’s construction sector has revived
Japan’s Tankan survey shows strong non-manufacturers' sentiment
Duncan WrigleyChina+
- Easing Tokyo CPI reinforces the case for the BoJ keeping the policy rate on hold
Kelvin Lam (Senior China+ Economist)China+
- Tokyo consumer inflation eased in September, as core goods inflation slowed and energy prices fell.
- Food inflation rose, due to a poor seaweed har vest and higher packaging costs.
- Cooling consumer inflation is likely to reinforce the BoJ’s determination to keep rates on hold in Q4.
Duncan WrigleyChina+