China+ Datanote: FX Reserves, China, December

In one line: Reserves are still growing as the PBoC leans against currency strength

Craig BothamChina+

China+ Datanote: FX Reserves, China, November

In one line: Implied outflows are growing as foreign investors pull back, despite an increase in headline reserves

Craig BothamChina+

CHINA+ DATA WRAP 08.11.21

Chinese exporters shrug off industrial problems amidst resilient external demand 

PBoC takes the opportunity to replenish its coffers

Craig BothamChina+

8 Oct 2021 No Capital Outflows Yet, but Contagion is Still Spreading

• No cause for concern in foreign exchange reserves data.
• Capital outflow pressure appears modest and re- serves sufficient, for now.
• Property sector stress is growing, however, and cracks are appearing for key actors.

Craig BothamChina+

China+ Datanote: FX Reserves, China, September 2021

• In one line: Reserves fall, but no sign yet of capital flight

Craig BothamChina+

6 Sept 2021 China's Equity Rebound will Lack Fundamental Drivers

• Services PMIs should rebound this month but the trends are concerning...
• ... Zero-Covid tolerance will keep drivers of above- trend private consumption growth on the sidelines...
• ...Where they could whither away; a rebound from the regulatory shock looks unsupported.

Freya Beamish (Chief Asia Economist)China+

CHINA+ DATA WRAP 9.8.21

A narrow increase in PPI inflation 

CPI inflation pressure continues to build

Prices taking a toll on commodities demand?

FX reserves boosted by valuation effects

sogorski hannahChina+

China+ Datanote: FX Reserves, China, June 2021

In one line: PBoC still uncomfortable with RMB strength.

Freya Beamish (Chief Asia Economist)China+