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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 email@example.com, or contact your account rep
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We are lowering our Chinese GDP forecast, as the data for April were closer to reality than expected.
Prolonged zero-Covid restrictions risk permanent economic scarring, limiting any rebound.
China’s property sector is a separate—and over- looked—drag on activity, and set to persist.
China's economy beat expectations in Q1, but is still falling short of the 2022 growth target.
The GDP data probably overstate economic growth, but either way things will get worse in Q2.
The battle with Covid is proving extremely costly; it will necessitate more stimulus, and soon.
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
China's inflation outlook remains very different to most major economies, despite the energy shock.
The PBoC is able to ease further, with inflation far from its target, but is proving reluctant.
Private sector demand for credit still looks soft, and the PBoC’s power is limited, absent fiscal action.
A state-led recovery in investment...
…likely rippled through to the rest of the economy
Is the data reliable?
Manufacturing props up Q4 growth as quarterly momentum improves
Industrial production sprints into the finish
Property was still a hefty headwind in December
A terrible month for the consumer
A modest policy salve
November's data are a mixed bag, but investment weakness, led by property, is the main concern.
Infrastructure should begin to offset property soon, but manufacturing faces its own challenges.
Omicron has entered China, and will intensify the cycle of zero-Covid lockdowns.
The property sector slowdown intensified in November
Investment struggles, led by real estate
Industrial production improves but still underwhelms
The Singles Day hangover hits retail sales
Liquidity day from the PBoC
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