China
-1.0
▬
vs 1w ago (-1.1)
China economic data has been roughly in line with expectations. Over the past 90 days,
releases have been close to analyst estimates with no strong directional bias.
Current Score
-1.0
1 Week Ago
-1.1
Releases (90d)
91
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with CSI 300 Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- Retail Sales YoY +4.20z
- S&P Global Manufacturing PMI +0.53z
- Inflation Rate MoM +1.24z
- CPI YoY +1.09z
- Inflation Rate YoY +0.54z
▼ Top Negative Surprises
- New Loans -4.18z
- New Loans -2.83z
- Gross Domestic Product YoY -1.12z
- Outstanding Loan Growth YoY -1.54z
- Outstanding Loan Growth YoY -1.54z
All Releases — 90 Day Window (91 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-08-14 | New Loans | -340.0 | 45.0 | -4.179 | Medium | -109.42 |
| 2026-07-15 | Retail Sales YoY | 1.0 | -0.1 | +4.202 | High | +82.51 |
| 2026-08-14 | New Loans | -340.0 | -50.0 | -2.833 | Medium | -74.18 |
| 2026-09-01 | S&P Global Manufacturing PMI | 51.5 | 51.0 | +0.530 | High | +31.54 |
| 2026-08-09 | Inflation Rate MoM | -0.1 | 0.2 | +1.241 | Medium | +28.95 |
| 2026-08-09 | CPI YoY | 0.5 | 0.8 | +1.087 | Medium | +25.35 |
| 2026-07-15 | Gross Domestic Product YoY | 4.3 | 4.5 | -1.125 | High | -22.09 |
| 2026-08-14 | Outstanding Loan Growth YoY | 5.1 | 5.3 | -1.541 | Low | -20.18 |
| 2026-08-14 | Outstanding Loan Growth YoY | 5.1 | 5.3 | -1.541 | Low | -20.18 |
| 2026-08-09 | Inflation Rate YoY | 0.5 | 0.8 | +0.542 | High | +18.96 |
| 2026-09-03 | S&P Global Services PMI | 51.4 | 50.6 | +0.417 | Medium | +17.35 |
| 2026-08-09 | CPI MoM | -0.1 | 0.2 | +0.670 | Medium | +15.62 |
| 2026-09-03 | PMI | 52.1 | 51.0 | +0.729 | Low | +15.14 |
| 2026-09-09 | Inflation Rate MoM | 0.4 | 0.3 | -0.276 | Medium | -13.17 |
| 2026-07-15 | Outstanding Loan Growth YoY | 5.2 | 5.4 | -1.513 | Low | -9.90 |
| 2026-08-17 | Retail Sales YoY | 0.6 | 1.5 | -0.229 | High | -9.65 |
| 2026-08-17 | Unemployment Rate | 5.2 | 5.1 | -0.619 | Low | -8.68 |
| 2026-07-15 | M2 Money Supply YoY | 8.0 | 8.5 | -1.117 | Low | -7.31 |
| 2026-08-31 | NBS General PMI | 49.5 | 50.2 | -0.358 | Low | -6.94 |
| 2026-09-07 | Foreign Exchange Reserves | 3.438 | 3.43 | +0.303 | Low | +6.91 |
| 2026-07-15 | GDP Growth Rate YoY | 4.3 | 4.5 | -0.335 | High | -6.58 |
| 2026-06-16 | Fixed Asset Investment (YTD) YoY | -4.1 | -2.0 | -0.980 | Medium | -6.56 |
| 2026-08-14 | M2 Money Supply YoY | 7.7 | 7.9 | -0.481 | Low | -6.29 |
| 2026-08-14 | M2 Money Supply YoY | 7.7 | 7.9 | -0.481 | Low | -6.29 |
| 2026-08-31 | NBS Non Manufacturing PMI | 49.0 | 49.5 | -0.157 | Medium | -6.09 |
| 2026-07-31 | NBS Non Manufacturing PMI | 49.0 | 50.0 | -0.311 | Medium | -5.89 |
| 2026-07-31 | NBS General PMI | 49.3 | 50.4 | -0.560 | Low | -5.30 |
| 2026-08-14 | Current Account | 195.1 | 150.0 | +0.190 | Medium | +4.98 |
| 2026-07-07 | Foreign Exchange Reserves | 3.416 | 3.44 | -0.907 | Low | -4.93 |
| 2026-07-09 | Inflation Rate MoM | -0.3 | -0.2 | +0.414 | Medium | +4.72 |
| 2026-07-15 | Unemployment Rate | 5.0 | 5.1 | +0.619 | Low | +4.05 |
| 2026-08-17 | Industrial Production YoY | 4.5 | 5.0 | -0.084 | High | -3.55 |
| 2026-07-15 | Industrial Capacity Utilization | 73.0 | 74.0 | -0.522 | Low | -3.42 |
| 2026-08-09 | Producer Price Index YoY | 3.5 | 3.8 | +0.142 | Medium | +3.31 |
| 2026-07-09 | CPI YoY | 1.0 | 1.1 | +0.263 | Medium | +3.00 |
| 2026-08-14 | New Yuan Loans | -340.0 | 45.0 | -0.102 | Medium | -2.66 |
| 2026-07-09 | CPI MoM | -0.3 | -0.2 | +0.223 | Medium | +2.54 |
| 2026-07-15 | Industrial Production YoY | 5.3 | 4.6 | +0.128 | High | +2.52 |
| 2026-09-09 | Producer Price Index YoY | 3.8 | 3.7 | -0.049 | Medium | -2.32 |
| 2026-07-14 | Exports YoY | 27.0 | 18.2 | +0.118 | High | +2.27 |
| 2026-07-09 | Inflation Rate YoY | 1.0 | 1.1 | +0.131 | High | +2.25 |
| 2026-08-17 | Fixed Asset Investment (YTD) YoY | -6.7 | -6.2 | -0.075 | Medium | -2.11 |
| 2026-06-16 | Unemployment Rate | 5.1 | 5.2 | +0.607 | Low | +2.03 |
| 2026-07-23 | FDI (YTD) YoY | -5.0 | -9.0 | +0.128 | Medium | +2.01 |
| 2026-07-15 | Fixed Asset Investment (YTD) YoY | -5.7 | -4.9 | -0.152 | Medium | -1.99 |
| 2026-07-14 | Imports YoY | 36.0 | 24.0 | +0.103 | High | +1.98 |
| 2026-09-08 | Balance of Trade Yuan | 809.3 | 795.0 | +0.075 | Low | +1.76 |
| 2026-08-07 | Balance of Trade Yuan | 767.07 | 740.0 | +0.154 | Low | +1.71 |
| 2026-07-14 | Balance of Trade Yuan | 859.05 | 820.0 | +0.200 | Low | +1.28 |
| 2026-07-15 | New Loans | 1610.0 | 1950.0 | -0.085 | Medium | -1.12 |
| 2026-07-15 | New Loans | 1610.0 | 1950.0 | -0.085 | Medium | -1.12 |
| 2026-08-07 | Balance of Trade | 112.5 | 107.0 | +0.033 | High | +1.12 |
| 2026-06-30 | NBS Non Manufacturing PMI | 50.2 | 49.9 | +0.094 | Medium | +0.87 |
| 2026-09-08 | Imports YoY | 28.2 | 30.0 | -0.012 | High | -0.87 |
| 2026-08-17 | House Price Index YoY | -3.2 | -3.4 | +0.031 | Medium | +0.86 |
| 2026-08-07 | Exports YoY | 23.9 | 22.2 | +0.019 | High | +0.63 |
| 2026-08-14 | Total Social Financing | 1410.0 | 1200.0 | +0.041 | Low | +0.53 |
| 2026-08-14 | Total Social Financing | 1410.0 | 1200.0 | +0.041 | Low | +0.53 |
| 2026-06-22 | FDI (YTD) YoY | -8.6 | -11.0 | +0.063 | Medium | +0.48 |
| 2026-07-14 | Balance of Trade | 125.62 | 121.0 | +0.025 | High | +0.48 |
| 2026-08-07 | Foreign Exchange Reserves | 3.419 | 3.42 | -0.038 | Low | -0.42 |
| 2026-06-16 | Industrial Production YoY | 4.5 | 4.3 | +0.039 | High | +0.39 |
| 2026-08-27 | Industrial Profits YoY | 17.6 | 16.0 | +0.020 | Low | +0.35 |
| 2026-08-21 | FDI (YTD) YoY | -6.2 | -6.0 | -0.010 | Medium | -0.29 |
| 2026-06-30 | NBS General PMI | 50.6 | 50.7 | -0.051 | Low | -0.23 |
| 2026-07-15 | House Price Index YoY | -3.3 | -3.4 | +0.015 | Medium | +0.20 |
| 2026-07-31 | NBS Manufacturing PMI | 49.2 | 50.0 | -0.006 | High | -0.18 |
| 2026-07-15 | Total Social Financing | 3360.0 | 3770.0 | -0.025 | Low | -0.16 |
| 2026-06-16 | House Price Index YoY | -3.5 | -3.4 | -0.015 | Medium | -0.10 |
| 2026-08-07 | Imports YoY | 27.5 | 27.9 | -0.003 | High | -0.10 |
| 2026-06-27 | Industrial Profits YoY | 18.8 | 20.0 | -0.012 | Low | -0.05 |
| 2026-08-31 | NBS Manufacturing PMI | 49.8 | 49.7 | +0.001 | High | +0.05 |
| 2026-07-27 | Industrial Profits YoY | 18.7 | 19.2 | -0.005 | Low | -0.04 |
| 2026-07-15 | New Yuan Loans | 1610.0 | 2000.0 | -0.002 | Medium | -0.03 |
| 2026-06-30 | NBS Manufacturing PMI | 50.3 | 50.1 | +0.002 | High | +0.02 |
| 2026-06-22 | Prime Rate | 3.0 | 3.0 | +0.000 | Medium | +0.00 |
| 2026-06-22 | Loan Prime Rate 5Y | 3.5 | 3.5 | +0.000 | Medium | +0.00 |
| 2026-06-22 | Loan Prime Rate 1Y | 3.0 | 3.0 | +0.000 | Medium | +0.00 |
| 2026-06-26 | Current Account | 184.3 | 184.1 | +0.001 | Low | +0.00 |
| 2026-07-09 | Producer Price Index YoY | 4.1 | 4.1 | -0.000 | Medium | -0.00 |
| 2026-07-15 | Gross Domestic Product QoQ | 0.9 | 0.9 | +0.000 | Medium | +0.00 |
| 2026-07-15 | GDP Growth Rate QoQ | 0.9 | 0.9 | +0.000 | Medium | +0.00 |
| 2026-07-20 | Prime Rate | 3.0 | 3.0 | +0.000 | Medium | +0.00 |
| 2026-07-20 | Loan Prime Rate 5Y | 3.5 | 3.5 | +0.000 | Medium | +0.00 |
| 2026-07-20 | Loan Prime Rate 1Y | 3.0 | 3.0 | +0.000 | Medium | +0.00 |
| 2026-08-20 | Prime Rate | 3.0 | 3.0 | +0.000 | Medium | +0.00 |
| 2026-08-20 | Loan Prime Rate 5Y | 3.5 | 3.5 | +0.000 | Medium | +0.00 |
| 2026-08-20 | Loan Prime Rate 1Y | 3.0 | 3.0 | +0.000 | Medium | +0.00 |
| 2026-09-08 | Exports YoY | 25.0 | 25.0 | +0.000 | High | +0.00 |
| 2026-09-08 | Balance of Trade | 119.1 | 119.1 | +0.000 | High | +0.00 |
| 2026-09-09 | Inflation Rate YoY | 0.8 | 0.8 | -0.000 | High | -0.00 |