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

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CHINA+ DATA WRAP 16 MAY 2022: A brutal April for Chinese activity, thanks to zero-Covid

The workshop of the world closed down in April

A bloodbath for retail sales

Zero-Covid restrictions prevented stimulus rollout

Craig BothamChina+

PM Datanote: Money and credit growth, China, April

In one line: Monetary transmission broke down in April, echoing the broader economy 

Craig BothamChina+

CHINA+ DATA WRAP 11 MAY 2022: Commodities and currency push Chinese CPI higher

Food and energy underpin a greater-than-expected jump in consumer inflation

PPI disinflation slowed in April

Craig BothamChina+

CHINA+ DATA WRAP 09 MAY 2022: Reality catches up with Chinese exports

Zero-Covid supports China’s trade balance for a little longer

Craig BothamChina+

CHINA+ DATA WRAP 30 APR 2022: Chinese PMIs Plunge in April

The most disruptive outbreak since Wuhan weighs heavy on Chinese activity

Craig BothamChina+

April 2022 - China+ Chartbook

  • China Is Set For A Zero-Covid Recession
  • The Renminbi Has Begun Its Downward Trend
  • No Hike This Year From The BOJ, But Watch The Yen
  • The BOK Looks Too Bullish On Growth

Craig BothamChina+

25 Apr 2022 The BoJ will Remain Indifferent as Inflation Approaches Its Target

Japanese inflation is still rising, and is all but guaranteed to break through its target in April...

...But the BoJ has already indicated it has no intention of changing tack; rates won't rise this year.

Policymakers are flirting with the idea of currency intervention, but Kuroda won't take the lead.

Craig BothamChina+

CHINA+ DATA WRAP 20 APR 2022: Japanese exports slow, Chinese rates go unchanged

Japanese exports slow further, despite yen weakness

Banks resist the PBoC’s call to arms

Craig BothamChina+

CHINA+ DATA WRAP 18 APR 2022: Slightly better than expected, but worse to come for China

A dilemma for policymakers

Factory closures weighed on industrial production

Infrastructure supported sagging FAI, but not for much longer

The biggest Covid casualty will continue to bleed out

Craig BothamChina+

PM Datanote: RRR cut, China, April

In one line: Forced to act, the PBoC does the bare minimum

Craig BothamChina+

PM Datanote: Money and credit growth, China, March

In one line: Improving liquidity provision, but risk appetite is still muted

Craig BothamChina+

CHINA+ DATA WRAP 11 APR 2022: Chinese inflation beats expectations

Energy and food drive consumer prices higher

Energy slows, but does not halt, the decline in PPI inflation

Craig BothamChina+

PM Datanote: FX Reserves, China, March

In one line: The biggest losing streak for China’s FX reserves since the pandemic began

Craig BothamChina+

CHINA+ DATA WRAP 01 APR 2022: China's Omicron wave weighs on regional trade

Chinese manufacturing: ouch

Japan’s exports hit by China, but the domestic engine starts to revive

Korean data suggests a gloomy outlook for global trade, with one or two flickers of light

Craig BothamChina+

CHINA+ DATA WRAP 31.03.2022: Zero-Covid Suffocated Chinese Activity in March

The closed-loop system hasn’t saved China’s factories

The service sector plunges, but construction is improving

Craig BothamChina+

29 Mar 2022 Weaker Chinese Profit Growth Heightens Political Risks

  • Chinese industry faces rising costs, both from global markets and domestic Covid policies...
  • ...Coupled with weaker demand, this implies that profitability will be under heavy pressure this year.
  • Policy efforts to support China's struggling firms will likely raise tensions with trading partners.

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