18 November 2025 | 7:46AM HKT Economics Research Asia Views: Supply proficient, demand deficient 1. We recently upgraded our forecast for China's export growth and overall economic growth through the end of the decade, for three main reasons. First, export momentum has been robust most of this year (Exhibit 1). Even after a (largely anticipated) weak October, exports are still up in volume terms on 2024, and grew at a double-digit pace much of the past two years. While that pace is unlikely to be matched in ...

China is heading for its longest slowdown in consumption growth since its post-Covid rebound lost steam more than four years ago, underscoring how the government’s rhetoric about supporting domestic demand has struggled to match reality https://t.co/9Fc0iZL5U1 ...

IF THESE RECIPIENTS OF CHINESE GOODS FEEL THE HEAT, WE MAY STILL HAVE THE RISK OF A TRADE WAR MOVING FROM ONE PLACE TO ANOTHER, SO OUR MESSAGE TO EVERYBODY IS BECOME AN TO CHINA, BE CAREFUL. DO NOT PROVOKE OTHER COUNTRIES TO SEE YOU AS A THREAT. HASLINDA: THE IMF IS CALLING FOR CALM AND RESTRAINT AS BEIJING AND WASHINGTON TRADE SHARP BARBS, ESCALATING FEARS OF A DEEPENING TRADE WAR AND GLOBAL FALLOUT FROM TARIFFS.LIVE FROM SINGAPORE, THIS IS "INSIGHT" WITH HASLINDA AMIN WHERE WE DIVE DEEPER INTO STORIES THA ...

Spain’s top asset manager expects the country’s economy to continue outpacing peers in Europe, boosted by domestic demand and tourism https://t.co/7bh0EEFXfT ...

Strong domestic demand is enabling India to absorb shocks from global headwinds, Finance Minister Nirmala Sitharaman says https://t.co/t3Ej3MhDxx ...

Some new data out this morning providing some new insights into the state of China's economy. Joining us right now is China Beigebook CEO Leland Miller, which is the organization September report actually showing that the Chinese economy is starting to build momentum with every key indicator showing improvement. U Leland, where is the growth. Where's the improvement.How would you characterize it overall. Well, it's it's been an interesting couple of months because the strength is not in one particular place ...

Government Policy & Economic Stimulus - China announced measures to stimulate domestic demand [1] - The measures focus on promoting consumption of services like sports and entertainment [1]

Group 1: China’s Economic Initiatives - China is rolling out policies to invigorate service consumption and tourism, including issuing 5-year multiple-entry visas to a broader range of individuals and extending business hours for tourist attractions and museums [2][3][9] - The country aims to expand pilot programs in strategic sectors such as telecommunications, healthcare, and education to attract global capital and open up the economy [3][9] - China plans to promote international sporting events, targeting a total scale of the sports industry to exceed 7 trillion yuan ($982 billion) by 2030, as part of its strategy to make domestic demand the primary engine of economic growth [3][9] Group 2: European Central Bank (ECB) Stance - The ECB is maintaining a cautious approach to future interest rate adjustments, with Governing Council member Scicluna stating that there are no planned cuts, emphasizing a data-dependent approach [4][9] Group 3: Automotive Industry Developments - Ford Motor Company is set to cut 1,000 jobs at its Cologne plant in Germany in early 2026 as part of a broader restructuring effort across Europe, with a total workforce reduction of approximately 4,000 employees by 2027 [5][9]

Market Performance - The Hang Seng Index (HSI) closed at 25,270, down 1.0% for the day but up 26.0% year-to-date (YTD) [2] - The HSCEI also fell by 1.0% to 9,039, with a YTD increase of 24.0% [2] - The MSCI China index decreased by 0.3% to 82, with a YTD growth of 26.3% [2] Commodity Prices - Brent Crude oil prices fell by 0.4% to US$66 per barrel, down 9.4% YTD [3] - Gold prices decreased by 0.2% to US$3,330 per ounce, but are up 26.9% YTD [3] - The Baltic Dry Index (BDI) rose by 0.7% to 2,039, showing a significant YTD increase of 104.5% [3] Economic Indicators - China's GDP growth is estimated to have slowed to 4.8% in July from 5.2% in Q2 2025 [6] - Fixed Asset Investment (FAI) showed contraction due to multiple pressures, including adverse weather and property market challenges [7] - Consumption growth moderated in July, with policies shifting focus from durable goods to service consumption [8] Corporate Earnings - Towngas Smart Energy reported a 2% YoY earnings growth to HK$758 million in 1H25, slightly below expectations [10] - The company anticipates a 32% increase in earnings for 2H25 due to higher profits from its renewable business [10] - Shenhua Energy's acquisition of parent assets is expected to be EPS dilutive, with a total book value of RMB90.5 billion for the target assets [17]

Indonesian stocks are closing in on an all-time high as booming domestic demand offsets a deluge of foreign outflows https://t.co/u4dLfo00QE ...