On the surface, the acceleration in Chinese retail sales and industrial production growth in October suggests that the economy is holding up. Retail sales expanded by 7.6% y/y last month – beating expectations of 7.0% y/y…
According to BCA Research’s China Investment Strategy service, Chinese policymakers are facing the Impossible Trinity. When faced with rapid currency depreciation in August-September, the PBoC deliberately tightened…
Many commentators have attributed the latest increase in Chinese interest rates to an improving economy, the large issuance of government bonds, the tax payments season, and other technical factors. Yet, these explanations are…
Amid a range of geopolitical narratives, what matters is that the US strategy of economic engagement with its rivals is failing, giving rise to a new strategy of containment that will reinforce the secular rise in geopolitical risk.…
China's money and credit data remained weak in October. New total social financing amounted to RMB 1.85 trillion – less than the RMB 1.95 trillion anticipated and below the prior month's increase of RMB 4.12…
Investors should not get their hopes up about this week’s US-China summit. Chinese President Xi Jinping and US President Joe Biden will meet on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit in San…
The recent rate hike by the Philippines central bank cannot control food inflation. Nor can it stem the currency slide.
China's CPI and PPI inflation release for October indicates that deflationary pressures continue to dominate the domestic economy. After remaining unchanged in September, consumer prices declined by 0.2% y/y last month,…
According to BCA Research’s Emerging Markets Strategy service, Indonesia's “window of opportunity” to transition to a lower real interest rate regime – without jeopardizing the currency stability…