East Asia Econ

China – cycle stabilisation

The broad theme is macro is stabilisation, shown by three indicators that are bottoming after multi-year declines: property starts, household demand deposits, and producer prices. The implications, as are already being seen, are slower rate cuts, stabilising yields, and a stronger currency.

Paul Cavey

Apr 16, 2026 • 2 min read

Subscribers Only

East Asia Today

Lots of data today – fx settlement for China, machine orders and the Reuters Tankan in Japan, import and export prices and labour market data in Korea, and wages in Taiwan.

Subscribers Only

Korea – TOT still up in March

Energy import prices surged 50% in March, and that will undoubtedly raise inflation. However, Korea's terms of trade actually continued to rise (just about), helped by the continued sharp rise in chip export prices. For Korean growth, there is an offset to this energy crisis.

Subscribers Only

East Asia Today

Today's focus is China, with the release of headline trade data for March, and upstream price data through the first 10 days of April to give an early sense of PPI inflation this month. Also, my latest video, discussing the impact of the Iran war on the outlook for the region.