Pantheon Publications

Global Datanote: Export, Korea, August

• In one line: WDA-export growth holds up despite tariff ructions   

Global Datanote: Manufacturing PMIs, China, August

• In one line: Modest activity gains

CHINA+ DATA WRAP 1 September 2025: China's manufacturing PMIs post modest gains

In one line: China's manufacturing PMIs post modest gains; Korean exports propped up by chip exports

1 September 2025 China+ Monitor Chinese stock-market exuberance won't lift consumers' spirits

• History suggests that China’s stock-market rally could boost GDP but won’t do much for consumer sentiment.
• Policymakers will opt for targeted policy support, lest broad easing drives excessive funds into stocks.
• Tokyo headline inflation slowed in August due to energy subsidies; food inflation remains elevated.

CHINA+ DATA WRAP 29 August 2025: Tokyo inflation falls

In one line: Tokyo inflation fall mainly due to energy subsidies

Global Datanote: BoK Policy Decision, Korea, August

In one line: BoK stays put amid US pressure not to weaken currency

CHINA+ DATA WRAP 28 August 2025: BoK stays put

In one line: BoK stays put amid US pressure not to weaken currency

29 August 2025 China+ Monitor BoK holds fast amid US pressure on currency and debt worries

• The BoK left the policy rate unchanged yesterday, citing household-debt worries.
• The Bank is probably also seeking to avoid upsetting the US with a rate cut which could weaken the KRW.
• A likely government housing-supply plan and Fed rate cut in September should allow a BoK rate cut in Q4.

CHINA+ DATA WRAP 27 August 2025: China's industrial profits still falling

China's industrial profits still falling in July

28 August 2025 China+ Monitor China's latest local property boosts to provide only a modest lift

• Tier-one cities are leading another round of targeted residential property market easing in China.
• The goal is stabilisation, however, rather than returning to solid growth, so expect an L-shaped recovery.
• Industrial profits barely improved in July amid excess supply; manufacturing profits are rising though.