APAC Daily Chart Book

December 20, 2024

Dec 20, 2024

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China

China’s electricity consumption has slowed to just 2.8% at an annual rate in November and the YiCai Global High Frequency Activity Index has fallen below 1, pointing to a continued deterioration in economic conditions in the absence of effective stimulus measures.

SWIFT’s RMB Tracker shows a rebound in the use of the RMB for global payments and trade finance in November after declines in September and October, with the RMB share of trade finance making new highs at 6.4%. RMB use has seen a boost in response to US sanctions against Russia and other countries in the wake of war in Ukraine, although remains a modest share of global payments.

Japan

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