Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

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.

korean exports

CHINA+ DATA WRAP 07.12.21 - Chinese demand ramps up

The first decline in China’s trade balance in nine months

Exports suggest regional supply chain recovery

Chinese imports boosted by energy demand, but also tell a reassuring story about momentum - and infrastructure

Craig BothamChina+

2 Dec 2021 Bottlenecks Continued to Ease on the Eve of Omicron

  • Korean exports beat expectations in November, though we think the data overstate performance.
  • Supply chains are still improving at the margins, even if U.S. ports remain congested.
  • The Omicron variant is a risk to this recovery, but will not derail it entirely.

Craig BothamChina+

CHINA+ DATA WRAP 01.12.21 - Stabilisation in China, and a boost to Korean exports

Disparity with Chinese official data driven by falling new orders and employment, and further supply delays

Japanese capex data hints at little revision to GDP

Resumption of Chinese demand lifts Korean trade, but it’s also flattered by lumpy ship exports

Craig BothamChina+

30 Nov 2021 Coal Boosts Profits as Omicron Lurks in the Wings

  • October was another strong month for Chinese industrial profits, propelled by coal...
  • ...But coal prices have been slashed, and energy rates hiked, so we expect deceleration from here.
  • China is doubling down on zero-Covid in the face of Omicron, which will prove costly.

Craig BothamChina+

23 Nov 2021 Bottlenecks and Chinese Policy to Ease, but Keep Calm

  • Korean trade data show further signs of an easing in congested supply chains.
  • Chinese policymakers turn more dovish, but no real relief for the property sector.
  • Renminbi strength starts to bother the PBoC, but "two-way volatility" is more likely than devaluation.

Craig BothamChina+

CHINA+ DATA WRAP 22.11.21 Hope for growth from the PBoC and Korean exports

Preliminary Korean data gives reason for hope on trade, despite the slowdown

PBOC stands pat, but easing is on the way - just not for the property sector

Craig BothamChina+

19 Nov 2021 Regional Trade Data Highlight Persistence of Supply Pressures

  • Japan's October exports repeated the message of other regional trade data...
  • ...Supply chains remain snarled, and bottlenecks are still narrow, and tight.
  • We think November will prove to be a high-water mark, but tankers have a big turning circle.

Craig BothamChina+

CHINA+ DATA WRAP 17.11.21 Japanese exports slow, but there's cause for optimism

Look through the year-over-year headlines, and there’s hope among the weeds

Craig BothamChina+

9 Nov 2021 A Sprint to the Finish may Leave China's Trade Fading Next Year

  • China's latest trade data were better than expected, setting up a potential upside surprise for Q4.
  • Energy imports will weigh more heavily on the trade balance, but external demand appears robust.
  • Next year will be more challenging, given base effects and softening demand.

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+

CHINA+ DATA WRAP 01.11.21

Intensifying energy crisis weighed on manufacturing activity in October

Rising Covid cases once again disrupted the services sector

Base effects and energy support Korean exports

Craig BothamChina+

29 Oct 2021 The BoJ Turns Bearish on Near- Term Risks

  • No change in policy settings from the BoJ, but a decided turn for the worse in the growth outlook.
  • The coronavirus, coupled with supply-side issues, is weighing on the short-term outlook.
  • Currency weakness is drawing greater attention, and we think the BoJ will need to act next year.

Craig BothamChina+

China+ Datanote: Exports, Korea, October 2021

  • In one line: base effects and energy support Korean exports, but weakness shows at the margin

Craig BothamChina+

28 Oct 2021 A Brief Interlude for Chinese Industrial Profits

  • Profits surprisingly accelerated in September, de- spite widespread disruption...
  • ...Digging deeper, profits look relatively anaemic, with the improvement driven by transitory factors.
  • Margin squeezes are persisting, and profits should come back to reality in October.

Craig BothamChina+

China+ Datanote: 20-day Exports, Korea, October 2021

  • In one line: Preliminary Korean data suggests relatively stable external backdrop

Craig BothamChina+

CHINA+ DATA WRAP 21.10.21

  • Preliminary Korean data suggests relatively stable external backdrop

    Evergrande is back, but for how long?

Craig BothamChina+

PANTHEON CHINA+ DATA WRAP 21.10.21

  • Preliminary Korean data suggests relatively stable external backdrop
  • Evergrande is back, but for how long?

Craig BothamChina+

21 Oct 2021 Spillovers from China Add to Supply Chain Headaches for Japan

  • Japanese exports fell in September, due to a double whammy from China and supply problems.
  • Weaker demand from China was worsened by fac- tory closures, hitting exports of intermediate goods.
  • Cars, in particular, took a heavy blow from snarled supply chains.

Craig BothamChina+

14 Oct 2021 Supply Chain Disruptions are Visible, Despite Export Strength

  • Expectations for a Chinese export slowdown in September were confounded...
  • ...But this was due chiefly to one-off factors, and imports showed the impact of China's crises.
  • Exports will falter next month, and supply chains will feel the added pressure.

Craig BothamChina+

CHINA+ DATA WRAP 13.10.21

  • Production shutdowns are still working their way through the pipe

Craig BothamChina+

  Publication Filters

Change View: List   Small Grid  

Filter by Keyword

Filter by Publication Type

Filter by Author

Global Publications Only

Filter by Date
(6 months only; older publications available on request)

  Quick Tag Filters

Consistently Right

Access Key Enabled Navigation

Keywords for: China+ Documents

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