China+ Datanote: LPR, China, May

China's banks held LPR steady in May; More funding is need to prop up the real estate sector

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 16 May 2024: Japan's Q1 GDP shrinks more than expected as domestic demand deteriorates

In one line: Japan's Q1 GDP shrinks more than expected as domestic demand deteriorates

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 17 May 2024; China activity - retail sales slow

China activity - retail sales slow as industrial output rebounds; likely major property policy announcement due today

Duncan WrigleyChina+

20 May 2024 China+ Monitor China's activity data mixed, ahead of incoming support policies

• China’s April retail sales were hit by falling auto sales; the trade -in incentives should provide support.
• Industrial output regained its vim in April, led by high-tech manufacturing.
• Renewed government-bond issuance should restore infrastructure investment growth, after the April dip.

Duncan WrigleyChina+

17 May 2024 China+ Monitor Japan's Q1 GDP dragged down by weaker domestic demand

• Japan’s preliminary Q1 GDP surprised the market to the downside, with growth turning negative.
• Weak domestic demand, such as business investment and consumption, was the culprit.
• The sluggish growth does not warrant an early rate hike, as markets suggest; we stick to our Q4 call.

Kelvin Lam (Senior China+ Economist)China+