Slowing Growth in China and Asian Economies
First written in FY2017-Q1. 10 of 31 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- FY2027-H1WorsenedAnnual report
「China’s exports remained firm, led by AI-related goods and automobiles, while consumption and investment stagnated against a backdrop of a sluggish property market, deteriorating employment conditions and the fading effect of vehicle replacement subsidies, resulting in an economic slowdown.」
Despite firm exports, consumption and investment stagnated against a backdrop of weakness in property and employment and the fading effect of subsidies, and an economic slowdown was explicitly reported. - FY2026Government stimulus measures supported consumption, while growth momentum slowedAnnual report
「In China, consumer spending was supported by the government’s economic stimulus measures, but growth momentum slowed as the effects of the policies ran their course and the prolonged stagnation in real estate investment continued.」
China’s economy continued to grow as government stimulus measures supported consumption, while growth momentum slowed as the effects of the measures ran their course and real estate investment remained stagnant. - 2026-04-09WorsenedEarnings
「In China, consumer spending was supported by the government’s economic stimulus measures, but growth momentum slowed as the effects of the policies ran their course and the prolonged stagnation in real estate investment continued.」
The description changed from continued growth in the previous fiscal year to slowing growth momentum due to the waning effects of policy measures and other factors. - FY2026-H1MitigatedAnnual report
「Although China’s real estate market continued to languish, the economy continued to grow as government stimulus measures supported consumption.」
Although the real estate market remained weak, the description changed from renewed slowing and weak conditions in the previous period to continued growth supported by consumption underpinned by government stimulus measures. - FY2025-H1China’s economy remained weak due to sluggish real estate investment and private consumptionAnnual report
「China’s economy remained weak due to sluggish real estate investment and private consumption, among other factors.」
China’s economy remained weak, as it had in the previous quarter, with real estate investment and private consumption identified as factors behind the weakness. - FY2025-Q1China slowed again after a temporary recoveryAnnual report
「China’s economy recovered, led by private consumption and supported in part by the Lunar New Year at the beginning of the year, but subsequently slowed again and remained weak.」
The description states that, following weak conditions in the previous fiscal year, a temporary recovery was seen at the beginning of the year, but the economy subsequently slowed again. - FY2024RestatedAnnual report
「China’s economy remained weak against the backdrop of the prolonged real estate downturn and sluggish private consumption.」
China’s economy continued to perform weakly. - FY2024-Q3RestatedAnnual report
「China’s economy remained weak, as slower infrastructure investment growth and a lackluster global recovery in demand for goods put the brakes on an export recovery.」
China’s economy continued to perform weakly against the backdrop of slower infrastructure investment growth and a lackluster global recovery in demand for goods. - FY2024-Q2WorsenedAnnual report
「China’s economy slowed as weak domestic and external demand, beginning with real estate development investment, persisted.」
A slowdown in China’s economy driven by weak domestic and external demand was noted. - FY2024-Q1MitigatedAnnual report
「China entered a gradual recovery led by domestic demand as economic activity normalized.」
China’s economy shifted from slowing growth caused by the zero-COVID policy and restrictions on economic activity through the previous quarter to a gradual recovery supported by the normalization of economic activity. - FY2023-Q2RestatedAnnual report
「China’s economic growth slowed as lockdowns in major cities continued under its zero-COVID policy.」
The situation in China, namely the zero-COVID policy, continued lockdowns in major cities and slowing economic growth, remains described as it was in the previous quarter. - FY2023-Q1WorsenedAnnual report
「China’s economic growth slowed as its zero-COVID policy continued and lockdowns in major cities remained in place.」
Specific factors were added to explain the slowdown in China’s economic recovery, namely the zero-COVID policy and lockdowns in major cities. - FY2022-Q3China’s recovery slowed, with more factors identifiedAnnual report
「In China, the pace of economic recovery has slowed due to government restrictions, including COVID-19 measures and power restrictions, as well as soaring resource prices.」
While the continuation of China’s economic recovery is assumed, COVID-19, power restrictions and soaring resource prices were identified more specifically as factors slowing the pace of recovery. - FY2022-Q2China’s recovery continued, but at a slower paceAnnual report
「In China, the easing of government restrictions following a decline in new COVID-19 cases, together with strong exports, supported a continued recovery centered on manufacturing, but the pace of recovery slowed somewhat.」
China’s economy continued to recover, supported by exports and manufacturing, while a slowdown in the pace of recovery was newly noted. - FY2022-Q1MitigatedAnnual report
「In China, the spread of COVID-19 was brought under control, and corporate activity continued to progress steadily.」
The description changed from concerns about a slowdown in China’s economy through the previous period to a statement that the spread of infection had been contained and corporate activity was progressing steadily. - FY2021-Q3MitigatedAnnual report
「In China, where domestic infections had been nearly brought under control, growth accelerated and GDP recovered to pre-pandemic levels.」
The description of China’s economy changed from concerns about a slowdown through the previous quarter to accelerating growth and a recovery in GDP to pre-pandemic levels. - FY2021-Q2MitigatedAnnual report
「In China, which resumed economic activity at an early stage, economic conditions improved significantly. In Europe and the United States, where infections continued to spread, economic conditions also began to recover, albeit gradually.」
The description changed from China’s economic slowdown, noted through the previous quarter, to a significant improvement in China’s economy. - FY2021-Q1WorsenedAnnual report
「In China, the Lunar New Year holiday was extended to prevent the spread of infection, and most factories suspended operations. Although operations gradually resumed from March, economic activity fell sharply.」
Measures to prevent the spread of COVID-19 led to factory shutdowns and a sharp decline in economic activity in China, bringing previously expressed concerns about an economic slowdown into reality. - FY2020-Q3WorsenedAnnual report
「China’s economy continued to slow due to trade tensions with the United States.」
The description of China’s economy changed from “showed signs of slowing” in the previous period to stating that the slowdown is continuing. - FY2020-Q2RestatedAnnual report
「China’s economy continued to show signs of slowing due to trade tensions with the United States.」
The continued slowdown in China’s economy against the backdrop of trade tensions with the United States is noted. - FY2020-Q1RestatedAnnual report
「China’s economy showed signs of slowing due to trade tensions with the United States.」
The slowdown in China’s economy continues to be noted. Trade tensions with the United States are identified as a contributing factor, but no new figures indicating the extent of the slowdown are provided. - FY2019WorsenedAnnual report
「China’s growth also slowed as private consumption declined and capital investment remained sluggish.」
The slowdown in China’s growth is described as accompanied by a decline in private consumption and sluggish capital investment. - FY2019-Q3WorsenedAnnual report
「Although economic conditions in Asia as a whole remained firm as more countries saw their growth rates recover, consumption and corporate earnings deteriorated in China, where the slowdown continued, and growth also declined in South Korea and India.」
While Asia as a whole is described as resilient, the deterioration in consumption and corporate earnings and the continued slowdown in China, as well as lower growth in South Korea and India, are noted, broadening concerns about a slowdown in Asia. - FY2019-Q2WorsenedAnnual report
「In Asia, growth accelerated in countries such as India, while growth tended to slow in many countries, including China, South Korea and Singapore.」
While growth accelerated in countries such as India, a slowdown in growth was noted in many countries, including China, South Korea and Singapore, broadening concerns about a slowdown in Asia. - FY2019-Q1MitigatedAnnual report
「China’s economy remained firm, with export growth driving the expansion of production, and the Asian economy as a whole was generally firm.」
The description of the Chinese and Asian economies changed from slowing growth and stagnation to generally firm conditions supported by export growth and expanding production. - FY2018-Q3SoftenedAnnual report
「In China, production, exports and consumption slowed slightly, but overall conditions remained stable, with investment showing some recovery.」
The slowdown in China’s production, exports and consumption continued, but was described as slight, while investment recovery and overall stability were noted. - FY2018-Q2WorsenedAnnual report
「Although the Asian economy was generally firm, China showed signs of slowing growth, which had remained at a high level, as production, exports and investment decelerated.」
Asia as a whole is described as generally firm, while the slowdown in China’s production, exports and investment, and its slower growth, are stated more specifically. - FY2018-Q1SoftenedAnnual report
「Although China’s economic growth slowed, economic conditions remained firm, and the Asian economy as a whole continued to recover.」
The slowdown in China’s growth rate is noted, but China’s economy is described as firm and Asia as a whole as recovering, a softer characterization than the previous emphasis on slowdown and stagnation. - FY2017-Q3SoftenedAnnual report
「The Asian economy continued to grow moderately, while the Chinese economy slowed slightly.」
The description of sluggish growth in other Asian countries in the previous quarter changed to moderate growth across Asia, while the slowdown in China was described as slight. - FY2017-Q2RestatedAnnual report
「The Asian economy continued to grow, but in China, growth in production, consumption and investment all contracted, and the economy continued to slow. Other Asian countries also tended to show sluggish growth.」
The slowdown in China’s economy and sluggish growth in other Asian countries continued to be described as part of the external environment. - FY2017-Q1First statedAnnual report
「China’s economic growth rate slowed gradually, and economic growth across Asia also showed a slowing trend.」
The slowdown in growth in China and Asia, which could affect related markets, was described as part of the external environment.