10 Nov 2022 China+ Monitor China's Consumer Price Inflation Rolls Over in October

• China’s CPI inflation rolled over in October, owing to weak domestic demand and labour market slack.
• Overall food price rises decelerated, despite pork price rises speeding up.
• Producer prices began to fall, year-over-year, on slowing energy prices and weak demand.

Duncan WrigleyChina+

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+

6 Sept 2022 China+ Monitor Zero-Covid is Weighing on Chinese Growth Once Again

• China’s Caixin Services PMI confirmed a loss of
  economic momentum in August.
• Zero-Covid measures are tightening again, and no significant easing is likely in the next two months.
• The PBoC is fighting to defend the renminbi, which further limits its ability to help the economy.

Craig BothamChina+

24 Aug 2022 China+ Monitor The Global Slowdown is Catching Up with Japan

Japanese manufacturing and services both slowed this month, according to the flash PMI surveys.

Fading global demand is taking its toll on Japanese manufacturing, after a short hiatus.

Covid is the main headwind for the services sector, but not the only one, so any revival will be brief.

Craig BothamChina+