Our View

China 2020 Macro Outlook External Uncertainties Eased; Domestic Demand Remains Under Pressure 2019-11-07
Potential Impact of Consumption Tax Reform 2019-10-11
Monetary policy may ease on the margin amidst rising uncertainties 2019-08-12
Comment on CPC meeting to discuss economic situation: Reiterates “stabilization on six fronts”; rules out real estate stimulus 2019-08-01
Seeking balance between "supporting growth" and "controlling risks" CPC to hold meeting to discuss economic situation 2019-07-19
China 2H2019 Macro Outlook: Mapping out the downside risks to growth amidst rising uncertainties 2019-06-17
Tax Cuts in 2019 This Time May Be Different 2019-04-29
China to introduce greater tax and fee cuts this year: Comments on the 2019 government work report 2019-03-06
Focus on growth and reforms: Preview of 2019 NPC & CPPCC sessions 2019-02-28
Early signs of reflation in China 2019-02-26
Q&A on questions on January TSF and money supply data 2019-02-19
Slowing consumption growth may indicate pressure in the labor market 2019-01-21
100bp RRR cut to replace maturing MLF & release liquidity 2019-01-07
Risk of escalation of trade frictions temporarily eased—Comments on the results of China-US trade talks at G20 2018-12-03
Further discussion on “Will M1 growth turn negative” 2018-11-28
Will M1 growth turn negative? 2018-11-26
Navigating in an uncertain external environment: China 2019 Macro Outlook 2018-11-12
Import Expo shows China’s consumption potential to the world 2018-11-07
Muted demand growth and moderating inflation: Preview of October macroeconomic data 2018-10-31
China is set to reduce tax burden for the corporate sector 2018-10-29
Tax deduction to promote middle-class income & consumption: Comments on proposal of Additional Individual Income Tax Deductions 2018-10-22
Reported new TSF propped up by another adjustment to its definition: Comments on September money and credit data 2018-10-18
Another 100bp Inclusive RRR Cut to Replace MLF & Release Liquidity 2018-10-08
US releases the final tariff list of US$200bn of Chinese goods 2018-09-19
Adj. TSF growth stabilized, but a few concerns loom: Comments on August money and credit data 2018-09-14
Why has discretionary consumption growth slowed? 2018-09-12
The PBoC takes another policy step to stabilize the Yuan 2018-08-28
“Targeted” RRR cut helped boost money multiplier, FX positions remained stable: Review of July PBoC balance sheet data 2018-08-23
PPP project pipeline saw sequential growth in June 2018-08-22
PBoC to maintain ample liquidity in face of rising challenges: Comments on 2Q18 PBoC Monetary Policy Report (MPR) 2018-08-14