Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

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Clear rise in inflation risks: China’s PPI rose 5% y/y in Dec 16, up from 3.3% in Nov 16 - the fastest in more than five years. CPI increased 2.1% in Dec 16, down from 2.3% in Nov 16. However, non-food inflation was at its highest since Nov 11.</li>
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Exports remain weak, domestic demand is key: China’s exports continued to fall, down 6.1% in Dec 16 with weakness across all export categories. Monetary data showed new bank loans rising, powered by more lending to corporates and the government sector…</li>
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Clear rise in inflation risks: China’s PPI rose 5% y/y in Dec 16, up from 3.3% in Nov 16 - the fastest in more than five years. CPI increased 2.1% in Dec 16, down from 2.3% in Nov 16. However, non-food inflation was at its highest since Nov 11.

Exports remain weak, domestic demand is key: China’s exports continued to fall, down 6.1% in Dec 16 with weakness across all export categories. Monetary data showed new bank loans rising, powered by more lending to corporates and the government sector…


China: Need to Focus on Restructuring Efforts

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China released a White Paper detailing its policy on security cooperation in the Asia-Pacific. China seeks to establish a “multi-layered, comprehensive and diversified” consensus to underpin it taking on greater responsibilities. China warned against provocative actions in the South China Sea and cautioned small- and medium-sized countries from taking sides with the larger countries.</li>
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China’s Liaoning aircraft carrier sailed into the Taiwan Strait for the first time ever, prompting Taiwan to put…</li>
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China released a White Paper detailing its policy on security cooperation in the Asia-Pacific. China seeks to establish a “multi-layered, comprehensive and diversified” consensus to underpin it taking on greater responsibilities. China warned against provocative actions in the South China Sea and cautioned small- and medium-sized countries from taking sides with the larger countries.

China’s Liaoning aircraft carrier sailed into the Taiwan Strait for the first time ever, prompting Taiwan to put…


China Seeks to Reshape the Asia-Pacific Security Order

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

REAL-Economics.com

As a parting gift to the incoming Trump administration, the Obama administration began an anti-dumping action in the WTO against China's aluminium exports -- arguing especially that China's industries are being illegally subsidized by cheap loans. This follows similar anti-dumping action against imports of steel from China. Given that Sen. Chuck Schumer (D-NY) and Sen. Lindsey Graham (R-SC) have long pursued legislation labeling China a currency manipulator (which Pres. Obama consistently vetoed…

As a parting gift to the incoming Trump administration, the Obama administration began an anti-dumping action in the WTO against China's aluminium exports -- arguing especially that China's industries are being illegally subsidized by cheap loans. This follows similar anti-dumping action against imports of steel from China. Given that Sen. Chuck Schumer (D-NY) and Sen. Lindsey Graham (R-SC) have long pursued legislation labeling China a currency manipulator (which Pres. Obama consistently vetoed…

TSF up 19.9% YoY in 2016; FX Reserves Down A "Modest" US$320bn

Asia Economist and CEO, Centennial Asia Advisors

Manu Bhaskaran

Asia Economist and CEO

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President Xi Jinping’s policy priorities for 2017: At the Central Economic Work Conference, Xi emphasised the control and prevention of financial risks such as asset bubbles as the top priority for 2017. He also urged the deepening of supply-side structural reforms, and promised neutral monetary policy coupled with fiscal stimulus to attain steady room for reform in the year ahead. A government think-tank, the State Information Centre (SIC), estimated a growth target of 6.5% y/y for 2017 from a…</li></ul>


President Xi Jinping’s policy priorities for 2017: At the Central Economic Work Conference, Xi emphasised the control and prevention of financial risks such as asset bubbles as the top priority for 2017. He also urged the deepening of supply-side structural reforms, and promised neutral monetary policy coupled with fiscal stimulus to attain steady room for reform in the year ahead. A government think-tank, the State Information Centre (SIC), estimated a growth target of 6.5% y/y for 2017 from a…

Destabilising capital flows push central banks into defensive mode:<ul>
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Bank Negara intervened in Nov 16 to restrict the non-deliverable forwards (NDF) market. BNM’s moves to restrict the NDF market have created uncertainty among portfolio investors, inclining them to sharply reduce their allocation of funds to Malaysia.</li>
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The PBOC has undertaken a slew of measures to stem outflows, including placing higher scrutiny on citizen’s conversion quotas and stricter requirements for banks reporting…</li>
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Destabilising capital flows push central banks into defensive mode:

Bank Negara intervened in Nov 16 to restrict the non-deliverable forwards (NDF) market. BNM’s moves to restrict the NDF market have created uncertainty among portfolio investors, inclining them to sharply reduce their allocation of funds to Malaysia.

The PBOC has undertaken a slew of measures to stem outflows, including placing higher scrutiny on citizen’s conversion quotas and stricter requirements for banks reporting…


Asian Central Banks: Rising Regulatory Risks for Investors

China

iShares FTSE A50 China Index ETF is an exchanged-traded fund established in Hong Kong. The investment objective of the iShares FTSE A50 China Index ETF is to provide investment results that, before fees and expenses, closely correspond to the performance of A50 Index.

iShares FTSE/Xinhua A50 China (2823 HK)

China: Need to Focus on Restructuring Efforts

Clear rise in inflation risks: China’s PPI rose 5% y/y in Dec 16, up from 3.3% in Nov 16 - the fastest in more than five years. CPI increased...

Jason Tan

China Seeks to Reshape the Asia-Pacific Security Order

China released a White Paper detailing its policy on security cooperation in the Asia-Pacific. China seeks to establish a “multi-layered,...

Jason Tan

TSF up 19.9% YoY in 2016; FX Reserves Down A "Modest" US$320bn

As a parting gift to the incoming Trump administration, the Obama administration began an anti-dumping action in the WTO against China's aluminium...

Prasenjit K. Basu

China: Liquidity Concerns to the Fore

President Xi Jinping’s policy priorities for 2017: At the Central Economic Work Conference, Xi emphasised the control and prevention of financial...

Manu Bhaskaran

Asian Central Banks: Rising Regulatory Risks for Investors

Destabilising capital flows push central banks into defensive mode: Bank Negara intervened in Nov 16 to restrict the non-deliverable forwards...

Jason Tan