Pantheon Macroeconomics

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7th Mar 2022 00:10China+, Daily Monitor, Weekly Monitor

  • Soaring energy prices will hit Chinese corporates harder than households, and Beijing will have to act. 
  • The PBoC will not be turning hawkish, despite the shock to inflation, instead boosting SME support. 
  • China's battle to support manufacturers is likely to renew tensions over its industrial policy this year. 

bok brent crude caixin commodities commodity markets construction cpi cpi inflation energy energy prices food prices fuel global energy prices input costs January manufacturers manufacturing manufacturing pmi March new orders oil oil price oil prices output subindex pboc pmi policy ppi q3 russia services pmi services sector small firms smes trade

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