The 70-city average price of a new house in China ticked up by 0.3% m/m in February, registering the first monthly increase since August 2021. Notably, this trend is broad-based across Chinese cities with new house prices rising…
China’s victory in getting KSA and Iran to restore diplomatic relations is of far greater consequence to commodity markets than the past weeks’ bank failures in the US. For China, further success in sorting long-standing security…
Chinese data confirms that household spending rebounded in the first two months of 2023. The 3.5% y/y increase in retail sales in January and February follows two consecutive months of declines at the end of last year and…
The odds of achieving a goldilocks scenario in the US where inflation drops amidst robust growth are low. If US bank woes do not escalate, the Fed will continue hiking amid a contraction in US corporate profits and global trade. The…
Chinese money and credit data were stronger than anticipated in February. The CNY 3.16 trillion increase in aggregate financing beat expectations of a CNY 2.30 trillion rise – more than double the increase in February 2022…
China’s CPI and PPI releases indicate that price pressures remained subdued in February. CPI inflation slowed from 2.1% y/y to 1.0% y/y, falling below expectations of a milder deceleration to 1.9% y/y. Meanwhile, factory-…
BCA Research’s China Investment Strategy service concludes that given the structural scarcity of blue-collar workers, the authorities will be less inclined to resort to their old playbook of stimulating infrastructure,…
The development of trading blocs and the rise of economic warfare will lead to the inefficient allocation of resources. Higher fiscal outlays and tight commodity supplies will feed into energy prices driving headline inflation. It…