China: Focus on economic releases - BBH

Research Team at BBH, suggests that the China reports September money and new loan data sometime during the week, but no date has been set.

Key Quotes

“It reports September trade Thursday.  Exports are expected at -3.3% y/y and imports at +0.7% y/y.  It then reports September CPI and PPI Friday, with the former seen rising 1.6% y/y and the latter falling -0.3% y/y. 

The PBOC has been on hold since October 2015, when it cut its policy rates by 25 bp.  If the slowdown remains modest, we do not think PBOC will ease further for fear of encouraging debt-fueled growth.  We think the easing cycle is over.”