Public Post China – construction PMI drops again The official PMIs for June show China's cycle remains weak, weighed down by construction. There is unlikely to be a recovery until the property cycle stabilises.
Public Post China – is that it for the export pause? So far, the much-discussed rise in China's competitiveness has been most obvious in import substitution. With the export cycle now recovering, it is likely this year to also be seen in a renewed increase in China's global market share.
Public Post China – property weakness still key The PBC's Q1 depositor surveys show that it is less consumption sentiment per se that is weak than consumer price and property expectations. In this context, the news that the Politburo is studying ways to reduce property inventories is potentially significant for the macrocycle this year.
Public Post China – slower in March The consensus on China has improved in recent weeks, but there's nothing in the Q1 activity release to reinforce that shift.
