Pantheon Macroeconomics

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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, or contact your account rep

Please use the filters on the right to search for a specific date or topic.


CHINA+ DATA WRAP 20 SEPTEMBER 2022: Japanese inflation hits an eight-year high

Still no change expected from the BoJ, despite another jump in inflation

Lending rates left on hold in China

Craig BothamChina+

19 Sept 2022 China+ Monitor Better Late than Never for China's Reopening Bounce

  • Chinese economic data for August surprised to the upside, compensating for a poor July.
  • Some of the strength is genuine, thanks to stimulus efforts, but base effects played a role.
  • Most of the tailwinds are unlikely to last more than a month, so we expect slower growth in September.

Craig BothamChina+

CHINA+ DATA WRAP 16 SEPTEMBER 2022: Stimulus and base effects boosted China's economy in August

Demand for energy during a heatwave props up industrial output

Strong, but fragile, consumption

Government spending finally lifts FAI

Still no bottom for property

Craig BothamChina+

CHINA+ DATA WRAP 15 SEPTEMBER 2022: Japanese exports were worse than they looked in August

Japanese exports were worse than they looked in August

The PBoC withdraws liquidity again

Craig BothamChina+

PM Datanote: Money and Credit, China, August

In one line: No sign of China's liquidity trap easing up

Craig BothamChina+

CHINA+ DATA WRAP 9 SEPTEMBER 2022: Chinese inflation misses expectations, as demand slows

No signs of inflationary pressure in August

Deflation starts to rear its head once more

Craig BothamChina+

PM Datanote: FX Reserves, China, August

In one line: Pressure builds on the renminbi

Craig BothamChina+

CHINA+ DATA WRAP 1 SEPTEMBER 2022: Korea confirms the growing weakness of global demand

Korean export growth is even worse than it looks

Korea’s PMI points to a continued slowdown

China adds to the general sense of gloom

A loss of momentum for Japan 

Craig BothamChina+

CHINA+ DATA WRAP 31 AUGUST 2022: China's economy continues to struggle

Chinese manufacturing starts to settle at a lower level as the reopening distortion fades

Zero-Covid drags on services, and the infrastructure boost is already fading

Craig BothamChina+

CHINA+ DATA WRAP 23 AUGUST 2022: Japan's economy loses momentum

Japan's economy loses momentum

Surging Covid cases weigh on the services sector

Craig BothamChina+

CHINA+ DATA WRAP 22 AUGUST 2022: Korea again signals a slowdown for global trade

Korea again signals a slowdown for global trade

Very modest easing in China

Craig BothamChina+

22 Aug 2022 China+ Monitor No Signs of a Revival for Chinese Real Estate

China’s property market is still in a tailspin, with no relief visible on the immediate horizon. 

The central government still refuses to get involved, and local government resources are inadequate. 

Japanese CPI inflation rose again in July, but the BoJ will remain on hold through 2023. 

Craig BothamChina+

8 Aug 2022 China+ Monitor External Headwinds Build for China, and the Renminbi will Suffer

China’s current account balance fell in Q2, despite strong trade balance figures.

The hit from the income account is unlikely to be repeated, but tailwinds are fading.

Export growth must slow, and compression of demand can’t go much further.

Craig BothamChina+

4 Aug 2022 China+ Monitor Supply-Side Stresses are Fading, Bringing Hope of Disinflation

Supply chains are recovering, with delivery times and shipping costs improving in East Asia.

Lower raw material costs are reducing cost-push  inflation, and should feed through to output prices.

The main supply-side risks now are political, as China retaliates for Speaker Pelosi’s Taiwanese trip.

Craig BothamChina+

2 Aug 2022 China+ Monitor Reality Reasserts Itself in China, as the Reopening Rebound Fades

China’s PMIs fell in July, reversing the June bounce, as the gains from reopening were exhausted.

Other sources of demand are few and far between, with stimulus efforts limited in scope and ambition...

...and global demand on the wane amidst multiple headwinds, as clearly shown by Korean export data.

Craig BothamChina+

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Keywords for: China+ Documents

China+ Document Vault, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence