Log in
New!
China: Theirs Strong, Ours Weaker
Our China Activity index was decently buoyant in January/February on the back of strong exports and industrial production - but both of these came down sharply in March, taking implied real growth down to around 2% y/y based on preliminary estimates, and we expect more muted data ahead.
Property in particular remains a huge drag. Housing sales, starts and completions all fell further in Q1, and we're seeing increasing signs of pressure on resource usage.
And no serious stimulus. Meanwhile, credit and fiscal data show no sign of meaningful policy stimulus, and official investment data are weakening as well.
China: Theirs Strong, Ours Weaker (PDF)
Corporate Chartbook
Our semi-annual guide to EM listed corporate trends by charts and data.
EM Corporate Charbook (2022 Edition)How To Think About Emerging Markets (2024 Edition)
An opinionated guide to emerging markets
What is an Emerging Market? (How to Think About Emerging Markets 2024 Edition, Part 1)What's Wrong with EM? (How to Think About Emerging Markets 2024 Edition, Part 2)
Who Makes It, Who Doesn't (How to Think About Emerging Markets 2024 Edition, Part 3)
Is Globalization Over? (How to Think About Emerging Markets 2024 Edition, Part 4)
Four Big Growth Fallacies (How to Think About Emerging Markets 2024 Edition, Part 5)
An Austrian Primer: Savings, Debt and Default (How to Think About Emerging Markets 2024 Edition, Part 6)
How To Think About China (2023 Edition)
... and an opinionated guide to China
Lies, Damn Lies and Statistics (How to Think About China 2023 Edition, Part 1)A State Economy or a Market Economy? (How to Think About China 2023 Edition, Part 2)
Explaining the Miracle (How to Think About China 2023 Edition, Part 3)
The Most Important Sector in the Universe (How to Think About China 2023 Edition, Part 4)
Debt Boom and Debt Bust (How to Think About China 2023 Edition, Part 5)
Is There a New Growth Model? (How to Think About China 2023 Edition, Part 6)
The Future of the Renminbi (How to Think About China 2023 Edition, Part 7)
The Aging of China (How to Think About China 2023 Edition, Part 8)
Food and the Next Decade (How to Think About China 2023 Edition, Part 9)
How to Follow Macro Policy (How to Think About China 2023 Edition, Part 10)