CHINA

WANT IN-COUNTRY EXPERTISE TO HELP NAVIGATE AN EMERGING MARKET?

Country Analysts

FAN Gang
Board Member, People's Bank of China
Chunyang Wang
Professor, HSBC Business School of Peking University

In The News

Databank

Click here to access the latest Macroeconomic Databank

Recent Country Insights

Gsp report report thumbnail
Real estate further cooling the economy
CHINA - Report 29 Nov 2021
The Chinese economy faced more downward pressure in October. Industrial output was up 3.5% y/y, down 1.4 pps from Q3. Investment was also weak, with investment growth falling to 8% y/y in the January-October period. The adjusted monthly growth rate should be negative for September and October. ...

Gsp report forecast thumbnail
Growth slowing, with electricity under rationing
CHINA - Forecast 05 Nov 2021
Growth has slowed, with real estate investment cooling dramatically. In Q3, GDP was up 4.9% y/y, the same rate as in Q3 2020, and lower than in Q2 2021. Industrial output in Q3 fell dramatically, rising 4.9% y/y, down 0.9 pps from Q3 2020, and up 2.1% y/y in September. Investment was up 7.3% y...

Gsp report report thumbnail
Growth falls amid global energy crisis
CHINA - Report 28 Oct 2021
Growth slowed, with real estate investment cooling dramatically. In Q3, GDP rose 4.9% y/y, the same rate as in Q3 2020, and lower than in Q2 2021. Industrial output in Q3 rose 4.9% y/y, down 0.9 pps from Q3 2020, and was up 2.1% y/y in September -- a major fall. Investment was up 7.3% y/y, wit...

Gsp report report thumbnail
Growth weakens, though more structural reforms are underway
CHINA - Report 24 Sep 2021
Growth has weakened, especially in services. In August, industrial output grew 5.3% y/y, and was up 11.2% from August 2019, with an annualized growth rate of 5.4%, down 0.2 ppts from July, and down 1.2 ppts from Q2. The service production index has slowed since Q2, and grew only 4.8% y/y in Augus...

Gsp report report thumbnail
Delta variant interrupts economic performance
CHINA - Report 24 Aug 2021
COVID’s Delta variant and extreme weather have been hitting the economy for the past month, but their effects will be temporary. Industrial output was up 6.4% y/y in July, and up 11.5% from July 2019, with an annualized growth rate of 5.6% y/y, down 1 ppts from Q2 2021. Investment was up 10.3% y/...

Gsp report report thumbnail
Growth may be slower
CHINA - Report 27 Jul 2021
The Chinese economy has been stably rising in Q2. GDP was up 7.9% y/y, and up 11.4% from Q2 2019, with an annualized growth rate of 5.5%, up 0.5 pps from Q1. Industrial output was up 8.9% y/y, and up 13.7% from Q2 2019, with an annualized growth rate of 6.6% y/y, slightly lower than in Q1 but hig...

Gsp report report thumbnail
Stronger yuan against a weak dollar
CHINA - Report 23 Jun 2021
Growth was stable in May. Industrial output rose 8.8% y/y, and increased 13.6% from May 2019, with an annualized growth rate of 6.6%. Investment rose 15.4% y/y, and increased 8.5% from May 2019, with an annualized growth rate of 4.2% y/y -- still in a low growth zone. Consumption has recovered...

Gsp report report thumbnail
Robust growth without monetary loosening
CHINA - Report 01 Jun 2021
Growth is stable. Industrial output was up 9.8% y/y in April, and up 14.1% y/y from April 2019, with annualized growth of 6.8% y/y, the same as in Q1, and higher than the pre-pandemic levels in 2018 and 2019. Investment is still weak, and rose 8% y/y from April 2019, with an annualized growth rat...

Gsp report forecast thumbnail
Trade strengthens
CHINA - Forecast 07 May 2021
Growth is strong, weak investment notwithstanding. In Q1 2021, industrial output was up 14% y/y from Q1 2019, with annualized growth of 6.8%, slightly lower than in Q4 2020. In Q1, investment rose 25.6% y/y, and increased only 5.4% from Q1 2019, with an annualized growth rate of 2.6%, much lower...

Cookies help us deliver our services. By using our services, you agree to our use of cookies.