How Reliable Are PBOC FX Numbers?
There is increasingly strong evidence the PBOC is massaging official FX reserves data. The sustained period of net outflows during which PBOC FX...
439 Views
Trump Proposes New Tariffs but US China Trade Continues Growing on Trend
With new tariffs set to come into play, it is worth pointing out that overall the trade has not dropped off as a result. We see bilateral trade...
439 Views
China Rates Picture Shows Falling Rates and Shrinking Spreads
It is important to note that China remains overwhelmingly dependent on short term lending. Trading and borrowing for numerous remains extremely...
514 Views
PMI and Business Confidence in China Remains Robust
With regards to the latest PMI and business confidence data, businesses are reporting mild declines from recent highs. Yet, given the relative...
345 Views
China Flash Comparison: Activity Remains Robust
We believe there is greater reason for optimism than is widely expected though numbers are coming off of highs. This process of coming off of...
209 Views