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.
rmb
- Japan learns to live with Covid, but must still contend with slower global growth, and bad weather.
- The renminbi is tumbling, along with every other currency, but capital flight risks compel PBoC action.
- Rumours of a coup in China are based on a rogue Twitter account, and should be discounted.
Craig BothamChina+
- 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+
- Japanese inflation continues to climb, driven by cost-push pressures and base effects.
- The BoJ will not change tack, despite the multi-year high in CPI inflation.
- We expect Governor Kuroda to hold the line on both inflation and the yen at tomorrow’s meeting.
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+
