DATA MACRO China’s tourism revenue in National Day holidays fell 26% on year, average flight price hit five-year low, most chose short-distance trips >>>
DATA MACRO China’s passenger traffic during National Day holidays fell 36% on year, down 58% from pre-pandemic level >>>
MACRO STOCKS VIEWS & ANALYSIS DBS cut China’s growth forecast in 2022/23, lowered Hang Seng Index target >>>
DATA MACRO China’s highway traffic during Golden Week holiday to drop 20% – 24% from 2021-level – ministry >>>
DATA MACRO China’s factory activities unexpectedly returned to expansion in September, service activities slowed sharply – official survey >>>
DATA MACRO China’s manufacturing activities contracted at fastest pace in five months in September, supply and demand both shrank – private survey >>>
DATA MACRO China’s foreign trade likely to achieve positive growth in H2 despite weak overseas demand – vice minister of commerce >>>
MACRO VIEWS & ANALYSIS China expected to relax pandemic restrictions, reopen next spring – Morgan Stanley >>>
DATA MACRO Structure of industrial profits improved as prices of some commodities fell, power sector’s profit picked up significantly in August – NBS ,,,
DATA MACRO Chinese industrial companies’ profits fell 2.1% on year in Jan – Aug, manufacturing sector’s profits slid 13.4% >>>
MACRO POLICY & REGULATION Chinese local governments set to issue more special-purpose bonds by end of November to stabilize economy >>>
MACRO VIEWS & ANALYSIS Goldman Sachs cut China’s 2023 growth outlook amid prolonged zero-Covid policy >>>
MACRO POLICY & REGULATION HKMA raised interest rate by 75 bps after US Federal Reserve’s rate hike >>>
DATA MACRO ADB cut Asia growth outlook on rate hikes, Ukraine war, China lockdown, expects China economy to grow 3.3% in 2022 >>>
DATA MACRO China’s tax revenue declined over 12% in first eight months amid tax cuts to boost economy >>>
MACRO POLICY & REGULATION China to lower transaction costs to improve business environment, aims to clear all hurdles for market access by end of October – State Council >>>
MACRO POLICY & REGULATION China unveils more measures to revive economy, to extend tax deferral for small businesses >>>
DATA MACRO China’s tourism revenue declined 22.8% on year in Mid-Autumn Festival holiday, about 60% of pre-pandemic level >>>
DATA MACRO China’s consumer inflation eased in August, producer inflation prices grew slowest in 18 months >>>
DATA MACRO China’s exports slowed significantly in August amid weakening overseas demand, shipments to US declined >>>
DATA MACRO China’s service activity slowed slightly in August, remained second-fastest since May 2021 – private survey >>>
DATA MACRO China’s construction machinery makers report H1 earnings plunge amid industry downturn, Covid outbreaks, analysts expect slower falls in H2 >>>
DATA MACRO China’s auto sales likely fell 5.2% on month in Aug, retail sales of passenger cars declined 4% in Aug 1-28 – industry bodies >>>