Asia Insights Global Markets Research Economics - Asia ex-Japan China: Durable goods consumption is shifting from tailwind to headwind The latest NBS data print showed a notable slowdown in China's durable goods sales growth in August, pointing to both payback and base effects from the trade-in program , which was effectively launched a year ago. To better predict economic activity in coming months, we investigate high-frequency data and leading indicators of home appliances and automobiles, the two major c ...