6 August 2024 China+ Monitor Korea WDA export growth eased on deeper slowdown in US car exports

• Weak Korean export rebound was disappointing; working-day adjusted growth actually eased sharply.
• Deeper dive in US shipment growth was the driver, coupled with a double-digit plunge in car exports.
• Firming KRW and easing cost burden give BoK more room to cut rates, but unlikely to hasten the timeline. 

Kelvin Lam (Senior China+ Economist)China+

2 August 2024 China+ Monitor Gloomy China PMIs likely to prompt further targeted stimulus measures.

• Both July manufacturing PMIs indicate declining activity, especially the dip in the Caixin PMI.
• Extreme weather is only partly to blame; domestic demand is weak, as the growth model is revamped.
• China will keep adjusting incremental stimulus until growth is back on track at the “about 5%” target.

Kelvin Lam (Senior China+ Economist)China+

31 July 2024 China+ Monitor China's industrial profits recovery is stalling; more stimulus is needed

• China’s industrial profit growth edged up in June, thanks to better upstream sector profits.
• But two-thirds of industries saw profit growth ease, echoing the weak domestic demand in Q2 GDP.
• More stimulus will be deployed to support growth and put profit’s recovery on a more sustainable path.

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 29 July 2024: Slight uptick in China's industrial profits driven by better performing upstream sectors

In one line: Slight uptick in China's industrial profits driven by better performing upstream sectors

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 22 July 2024: China lowered interest rates; Korea trade propelled by AI chips demand

China lowered interest rates and revealed plans to enhance government finances; Korea early trade data propelled by AI-chips demand

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Exports, Korea, July

In one line: Strong AI-driven exports propel Korea’s early July trade figures 

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Loan Prime Rates, China, July

In one line: China’s loan prime rates and short-term rates were unexpectedly lowered in July; plans revealed to revive local government finances

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 12 July 2024

In one line: China saw record trade surplus since 1992 on deteriorating import demand and steady export recovery

Kelvin Lam (Senior China+ Economist)China+

China+Datanote: Exports, China, June

In one line: China saw record trade surplus since 1992 on deteriorating import demand and steady export recovery

Kelvin Lam (Senior China+ Economist)China+