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.
- Japan’s incumbent LDP failed to secure a majority in the lower house in Sunday’s election.
- China’s industrial profits plunged in September due to torpid domestic demand and producer deflation.
- All eyes are on the NPCSC meeting, scheduled for after the US election, for details of fiscal stimulus.
Kelvin Lam (Senior China+ Economist)China+
- - CHINA FINALLY TAKES ACTION, BUT IS IT ENOUGH?
- - BOJ’S DECISION COMPLICATED BY POLITICAL RISKS
- - BOK SHIFTS INTO RATE-CUTTING MODE
Kelvin Lam (Senior China+ Economist)China+
- The BoJ is likely to hold rates steady until January, given growth trends and Friday’s inflation data...
- ...But political and currency risks loom large; a sharp JPY depreciation would force an earlier move.
- China’s NPC will meet on November 4-to-8 and is likely to approve targeted additional fiscal stimulus.
Duncan WrigleyChina+
Flash manufacturing PMI shows weakening demand across the board
Duncan WrigleyChina+
Japan's flash composite PMI emits warning signal
Flash manufacturing PMI reports weakening demand across the board
Services sector activity cools dramatically
Duncan WrigleyChina+
- Japan’s October flash PMIs point to a rocky start to Q4, with a broad fading of activity.
- Manufacturers were slammed by sinking export orders, while services activity slowed sharply.
- The BoJ should stay put this month, and likely in December; but the weak yen raises rate-hike risk.
Duncan WrigleyChina+
- Chinese banks cut both LPRs by 25bp yesterday, in a sign of support for sentiment and demand.
- But the housing minister’s new demand-support policy fell well short of similar measures in 2015.
- The overall residential market has a long way to go, though tier-one markets are showing signs of life.
Duncan WrigleyChina+
China picked up in Q3, but GDP growth will still need to double q/q in Q4 to get close to full-year target
Duncan WrigleyChina+
- China’s Q3 GDP growth rose from Q2 but still needs to double in Q4 to get close to the full-year target.
- Fiscal stimulus policies, via government investment and auto trade-ins, spurred activity in September.
- Additional support is needed for China to restore inflation in the still-falling GDP deflator in Q3.
Duncan WrigleyChina+
China's new property market policies will provide only a modest demand lift
Duncan WrigleyChina+
- China has doubled its financial support for white- listed property projects, aiming to steady the sector.
- China’s exports surprised negatively in September, due to slowing demand from the G7 and BRICS.
- Uncertainty in the external environment has risen amid trade protectionism and geopolitical tensions.
Kelvin Lam (Senior China+ Economist)China+
- China’s September credit data point to a continued deterioration in private-sector borrowing demand.
- Government bond issuance remains robust, but the key is rapid use of the funds for investment.
- A modest fall in fiscal deposits suggests the policy growth pivot is gaining traction, albeit slowly.
Duncan WrigleyChina+
In one line: China export growth strategy faces challenges in H2, signalling growing need for domestic stimulus.
Kelvin Lam (Senior China+ Economist)China+
In one line: China’s insufficient demand and over capacity continue to weigh on producer prices
Kelvin Lam (Senior China+ Economist)China+
In one line: China's deepening deflation fears highlight the need for greater fiscal stimulus
Kelvin Lam (Senior China+ Economist)China+
In one line: The Bank of Korea cuts rates for the first time in four and a half years
Kelvin Lam (Senior China+ Economist)China+
In one line: Korea’s resilient export growth continues on a working day adjusted basis in September.
Kelvin Lam (Senior China+ Economist)China+
In one line: The Bank of Korea cuts rates for the first time in four and a half years
Kelvin Lam (Senior China+ Economist)China+
In one line: China's FX reserves rose more than expected in September
Kelvin Lam (Senior China+ Economist)China+
In one line: China’s manufacturing downturn persists amid weak demand, while non-manufacturing activity stagnates
Kelvin Lam (Senior China+ Economist)China+
