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.
loans
- Credit acceleration reflects front-loaded policy support
Duncan WrigleyChina+
- China’s measured credit acceleration in January reflects stimulus for reopening
Duncan WrigleyChina+
- New aggregate financing plummeted in December as China was buffeted by gigantic Covid waves...
- ...But big cities appear to be past the worst, and many other regions are following close behind...
- We expect a marked rebirth of credit demand post-Chinese New Year, building in Q2 onwards.
Duncan WrigleyChina+
Credit Plunges in December, Before a Likely Upturn in Early 2023
Duncan WrigleyChina+
- August was another bad month for China’s property
sector, with sales, starts, and prices all falling.
- Bailout funds are visible in the data, but so far have only moved the needle from “terrible” to “very bad”.
- More money is needed to break the downward spiral trapping the sector, and restore market confidence.
Craig BothamChina+
- Chinese credit growth slowed in August, even as liquidity continued to pile up.
- Private sector demand for credit is still weak, leaving the government to drive borrowing and activity.
- Property bailout funds propped up credit demand in August, but this effect will fade soon.
Craig BothamChina+
- Official survey data point to falling output from China’s factories, and slower services activity.
- Construction activity also apparently is faltering, suggesting infrastructure stimulus is waning.
- The National Congress is coming in October; President Xi, and zero-Covid, are going nowhere.
Craig BothamChina+
