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11th Apr 2022 00:10China+, Daily Monitor, Weekly Monitor

We are downgrading our outlook for Chinese growth, as zero-Covid policies continue to tighten. 

Data quality is more questionable than ever, though February was softer than it looked. 

Policy support will eventually arrive, but little of substance has materialised, so far. 

boj cpi e.u. energy exports fai growth fdi fed fx reserves gdp numbers imports industrial production japan local governments manufacturing March March pmis May pmis policy ppi q1 q1 forecast q1 growth q2 real estate retail sales retail sales growth sales growth trade trade surplus u.s. yen

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