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Showing 1 - 10 of 46 results for "Lunar New Year"

Chief economist update: Chinese manufacturing ramps up

BENJAMIN ONG  |  THURSDAY, 1 APR 2021
... manufacturing and non-manufacturing sectors returned with a vengeance after a brief pause during the country's Lunar New Year holidays. National Bureau of Statistics (NBS) data show that China's manufacturing PMI rebounded to a three-month high ...

China vaccinates against corona

BENJAMIN ONG  |  MONDAY, 24 FEB 2020
... will extend its business shutdown for a third time, this time to March 10, more than a month and a half after the Lunar New Year holiday was slated to end." Needless to say, the shutdowns would again be extended if things don't get better by then. ...

Chief economist update:China prepares anti-viral injection

BENJAMIN ONG  |  MONDAY, 3 FEB 2020
... than 1 trillion yuan ($217 billion) in losses to the restaurant, tourism and movie industries in seven days of the Lunar New Year holiday, economists estimated. "In the best-case scenario, which assumes the epidemic can be quickly contained and brought ...

Chief economist update: Happy New Year rat

BENJAMIN ONG  |  MONDAY, 20 JAN 2020
"Gong xi fa cai"! China celebrates its lunar new year on January 25 this year, bidding farewell to the "pig" and welcoming the 'Year of the Rat'. Beijing has every reason to be optimistic. Derogatory as it may seem to be called "a rat", this ...

Chief economist update: The dog ate my growth target

BENJAMIN ONG  |  TUESDAY, 20 FEB 2018
... historical perspective, the economy is not going to the dogs. Money and lending have always jumped before China's Lunar New Year before drifting back as the year progresses. The same will happen this year, the Year of the Dog. Ben Ong is the Director ...

Year of the Rooster deficit

BENJAMIN ONG  |  THURSDAY, 9 MAR 2017
... higher than expectations for a 20.3% increase. However, China's February trade balance had been distorted by the Lunar New Year holidays and is therefore unlikely to persist. Historical data shows that China's trade balance either slows sharply or goes ...

China price rises

BENJAMIN ONG  |  WEDNESDAY, 15 FEB 2017
... (NBS), much of the increase in consumer prices in January was due to higher food and travel costs heading into the Lunar New Year holiday. Nonetheless, this indicates that Chinese producers are still unable to pass on price rises to the consumer. Producer ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 31 MAR 2016
... Stronger-than-expected outcomes could bring back April rate hike speculations. Japan industrial production China's Lunar new Year holiday and Toyota's temporary production stoppage (following an explosion at a steel plant) contributed to the bigger-than-expected ...

No tears for China's disappointing data

BENJAMIN ONG  |  TUESDAY, 15 MAR 2016
... i.e., China's economy is slowing - or they've discounted the disappointing numbers as due to seasonal factors (Lunar New Year) or People's Bank of China Governor Zhou Xiaochuan's "prevention is better than a cure" policy worked, or all of the above. ...

China crashlands back to GFC days

BENJAMIN ONG  |  WEDNESDAY, 9 MAR 2016
... China trade numbers for February are certainly ugly but they are also distorted. Distorted by the timing of the Lunar New Year, that is. A look back at history shows that Chinese exports surged by 48.3% in the year to February 2015. No one claimed that ...
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