China: Stronger Services Only Partly Offsetting Weak Manufacturing - Policy Action Likely

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

Economy may be finding its feetEven as we await GDP figures that is set to be released on Tuesday (19 Jan), the Chinese economy looks to be showing signs of stabilisation.<ul>
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Trade declines steadying: Exports declined 1.4% y/y in Dec 15, from -3.0% y/y fall in Nov 15. Import contraction also improved to -7.6% y/y in Dec 15 from -15.1% y/y in Nov 15.</li>
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Monetary indicators show policy easing is working: M2 money supply grew robustly by 13.3% y/y in Dec 15, slightly slower than 13.7% y/y in Nov 15 while…</li>
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Economy may be finding its feetEven as we await GDP figures that is set to be released on Tuesday (19 Jan), the Chinese economy looks to be showing signs of stabilisation.

Trade declines steadying: Exports declined 1.4% y/y in Dec 15, from -3.0% y/y fall in Nov 15. Import contraction also improved to -7.6% y/y in Dec 15 from -15.1% y/y in Nov 15.

Monetary indicators show policy easing is working: M2 money supply grew robustly by 13.3% y/y in Dec 15, slightly slower than 13.7% y/y in Nov 15 while…


China: Policymakers to Focus on Supply-Side Reforms