AEJ Week Ahead

Latest edition · September 4, 2026

AEJ Week Ahead China trade inflation credit data

This report outlines Goldman Sachs' economic expectations for Asia ex-Japan for the week of September 7, 2026, focusing on upcoming China trade, inflation, and credit data, as well as Taiwan trade and CPI. It also summarizes key regional macro developments from the prior week across China, South Korea, India, and ASEAN.

Goldman Sachs previews upcoming economic releases across Asia ex-Japan, highlighting an expected modest pickup in China's August trade growth (exports +26.0% yoy, imports +32.6% yoy) supported by ongoing tech capex, alongside mild upticks in headline CPI (0.7% yoy) and muted credit expansion (RMB300bn in new RMB loans). In Taiwan, export growth is projected to accelerate to 36.0% yoy, while CPI moderates to 2.2% yoy. The report also reviews recent regional macro prints, noting India's stronger-than-expected 7.8% yoy Q2 GDP print, resilient South Korean tech exports, and steady monetary policy from Bank Negara Malaysia.

Key takeaways from the latest edition

• 1.China's August trade growth is expected to pick up year-over-year, driven by tech capex and shipping indicators, with exports seen up 26.0% yoy and imports up 32.6% yoy.
• 2.China headline CPI is projected to tick up to 0.7% yoy in August due to higher food and energy prices, while PPI inflation is anticipated to remain roughly unchanged at 3.5% yoy.
• 3.China credit demand remains subdued, with RMB loans forecast at RMB300bn in August (RMB290bn lower yoy), TSF stock growth flat at 7.4%, and M2 slowing to 7.5%.

What this series covers

• Mainland China
• Taiwan
• ASEAN
• Roundup of last week's economic and policy events
• Asia ex-Japan Economics Calendar
• Disclosure Appendix

Edition archive

• AEJ Week Ahead China trade inflation credit data

  September 4, 2026

• AEJ Week Ahead PMI and CPI across the region, India GDP, BNM meeting and Korea budget proposal

  August 28, 2026

• AEJ Week Ahead China inflation and credit data, India inflation, and Singapore and Malaysia GDP(1)

  August 7, 2026

• AEJ Week Ahead CPI and trade data across the region, Malaysia state election, RBI meeting

  July 31, 2026

• AEJ Week Ahead China PMI, Korea IP, and GDP for Hong Kong and Taiwan

  July 24, 2026

• AEJ Week Ahead: Korea exports and Taiwan IP; CPI in Malaysia and Singapore; BOT meeting

  June 18, 2026