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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.

Kelvin Lam (Senior China+ Economist)

China+ Datanote: Exports, Korea, November

In one line: Korea’s WDA exports rebound in November, but looming protectionist risks loom over growth.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Preliminary GDP, Japan, Q3

In one line: Japan’s Q3 GDP is a mixed bag, with private consumption surprising on the upside but business investment falling.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Money & Credit, China, October

In one line: China's credit growth slows to historic lows amid muted household and business loan demand

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 9 November 2024

China's deflation risks persist in October, but there is a silver lining

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: PPI, China, October

In one line: China’s headline producer deflation masks stimulus-driven price upticks in construction materials

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: CPI, China, October

In one line: China’s CPI near deflation weighed down by volatile items; uptick in services inflation 

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Current Account, China, Q3

In one line: China’s Q3 current account surplus widens; inward FDI remains negative for second consecutive quarter 

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Exports, China, October

In one line: One month’s data can be misleading; China's quarterly export growth has, in fact, decelerated.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Foreign Reserves, China, October

In one line: China’s foreign reserves drop in October amid dollar strength and outflow pressures.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Wages, Japan, September

In one line: Japan’s wage growth holds steady, supporting case for BoJ hike in early 2025; Our revised forecasts post-Trump victory show weaker growth 

Kelvin Lam (Senior China+ Economist)China+

4 December 2024 China+ Monitor Korea's export trend slowing amid growing global trade tensions

  • Korea’s headline export growth eased in November, but work-day-adjusted data showed a bounce-back.
  • The rebound was driven by stronger ASEAN shipments; overall growth momentum is slowing.
  • We expect the BoK to ease by 75bp in 2025 to counteract the increasingly uncertain export outlook.

Kelvin Lam (Senior China+ Economist)China+

15 November 2024 China+ Monitor China's deflation risks set to linger well into 2025 amid Trump victory

  • China’s consumer inflation is dragged down by volatile food and energy prices, but core prices are improving.
  • Producer deflation steepened, masking construction-material price rises, likely due to stimulus demand.
  • Mr. Trump’s US election victory will depress Chinese growth and likely keep inflation subdued for longer.

Kelvin Lam (Senior China+ Economist)China+

12 November 2024 China+ Monitor China's credit growth at historic low; impact from stimulus yet to show

  • China credit demand growth hit a record low in October, with TSF growth at its weakest since 2003.
  • Loans to the real economy fell further due to slowing corporate and household borrowing.
  • The economic support measures so far have given China’s credit demand limited uplift.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Exports, Korea, October

In one line: Korea’s export momentum wanes in October amid despite semiconductor boost

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Caixin Manufacturing PMI, China, October

In one line: China’s Caixin manufacturing PMi rebounds as stimulus starts to take effect

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Manufacturing PMI, Korea, October

In one line: Korea’s manufacturing sector sees mixed signals as PMI holds steady in October

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 1 November 2024

China’s Caixin manufacturing PMi rebounds as stimulus starts to take effect

Korea’s export momentum wanes in October amid despite semiconductor boost

Korea’s manufacturing sector sees mixed signals as PMI holds steady in October

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 27 October 2024

China's industrial profit plunge underscores urgent need for stimulus

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Tokyo CPI, Japan, October

In one line: Tokyo inflation slows, but core pressure remain firm ahead of Sunday’s election; BoJ likely stands pat in next week’s meeting

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: MLF rate, China, October

In one line: China’s MLF rate unchanged after September’s cut; Tight funding conditions in banks open window for RRR cut

Kelvin Lam (Senior China+ Economist)China+

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