V i e w p o i n t | 30 Jun 2025 01:13:46 ET │ 10 pages China Economics Steady PMIs Suggest Steady Growth CITI'S TAKE Both mfg. and non-mfg. PMIs came in better than expected in June, pointing to still-on-track growth momentum. Our high-frequency trackers also indicate that China's exports to the US rebounded in June and its total monthly exports likely continued to growth. On the other hand, domestic demand like property sales could be seeing policy impact fading. The divergent recovery is set to extend int ...

8 June 2025 | 5:43PM HKT China FX/Rates Monitor: CNY Appreciation Bias Post Trade De-escalation (Chen/Suwanapruti) Our monitor tracks the latest developments and identifies key indicators for China FX and rates, including valuations/policy stance, technicals, flows, and fundamentals. Below we summarize our key takeaways on the China FX and rates markets. Andrew Tilton +852-2978-1802 | andrew.tilton@gs.com Goldman Sachs (Asia) L.L.C. Hui Shan +852-2978-6634 | hui.shan@gs.com Goldman Sachs (Asia) L.L.C. Danny ...

April 16, 2025 04:54 AM GMT China Economics | Asia Pacific Growth to Soften Meaningfully in Q2-Q3 Key Takeaways Strong 1Q on policy front-loading: Key drivers for 1Q growth have been (1) strong infrastructure capex on front-loaded govt bond issuance; and (2) robust sales of consumer goods in trade-in program. Manufacturing capex also edged up in March, likely reflecting revived tech animal spirit. These help offset the moderating exports on fading front-loading and Fentanyl-related tariffs. That said, defla ...