Slowdown in the Chinese and Emerging-Market Economies
First written in FY2017-Q2. 8 of 28 entries say "Worsened", first in FY2019-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2022: 125 of 168 companies on the "Worse" side.
- FY2026Annual update on emerging-market economic conditionsAnnual report
「In emerging markets, China's housing market and capital investment remained sluggish and weighed on the economy, while exports to countries other than the United States expanded and the economic growth rate was at the previous year's level. In ASEAN countries, lower inflation and rate cuts against that backdrop, together with increased exports to the United States, including information-industry-related goods, supported economic activity.」
Although China's sluggish housing market and capital investment weighed on the economy, rate cuts and exports to the United States supported economic activity in ASEAN. - FY2026-H1Midyear update on emerging-market economic trendsAnnual report
「In emerging markets, China's economy slowed somewhat as the sluggish housing market weighed on activity, despite increased exports to countries other than the United States. Meanwhile, in ASEAN countries, a sharp increase in front-loaded exports to the United States, lower inflation resulting from stronger domestic currencies, and rate cuts against that backdrop drove economic activity.」
Although China increased exports, its economy slowed somewhat because of the sluggish housing market, while economic activity in ASEAN was driven by exports to the United States and rate cuts. - FY2025-H1Midyear update on emerging-market economic trendsAnnual report
「In emerging markets, China's economy stagnated because of the impact of the housing market, despite support from economic stimulus measures and other factors, while expanding exports to the United States drove economic activity, particularly in Asian countries.」
Although China's economy was supported by economic stimulus measures, it stagnated because of the impact of the housing market, while exports to the United States drove economic activity in Asian countries. - FY2024Annual update on emerging-market economic conditionsAnnual report
「In emerging markets, China's economic recovery progressed but lacked momentum, partly because of the sluggish property market, while economic activity slowed, particularly in Asian countries.」
Although China's economic recovery progressed, it lacked momentum because of the sluggish property market and other factors, and economic activity in emerging markets slowed, particularly in Asian countries. - FY2024-Q3Update on emerging-market economic trendsAnnual report
「In emerging markets, China's economic recovery progressed but lacked momentum, while economic activity slowed, particularly in Asian countries.」
Although China's economic recovery progressed, it lacked momentum, and economic activity in emerging markets slowed, particularly in Asian countries. - FY2024-Q2Update on emerging-market economic trendsAnnual report
「In emerging markets, China's economic recovery progressed but lacked momentum, while economic activity slowed, particularly in countries highly dependent on external demand.」
Although China's economic recovery progressed, it lacked momentum, and economic activity slowed, particularly in emerging markets highly dependent on external demand. - FY2024-Q1Update on emerging-market economic trendsAnnual report
「In emerging markets, economic activity slowed, particularly in countries highly dependent on external demand, while China's economic recovery lacked momentum.」
The assessment indicated that China's economic recovery lacked momentum and that economic activity slowed, particularly in emerging markets highly dependent on external demand. - FY2023-Q3WorsenedAnnual report
「Among emerging markets, economic activity slowed significantly, particularly in China, Russia, where sanctions by Western countries were strengthened, and countries with a high degree of external dependence on resources.」
Regarding the slowdown in China and emerging markets, economic activity slowed significantly, particularly in China, Russia, where sanctions were strengthened, and countries with a high degree of external dependence on resources. - FY2023-Q1WorsenedAnnual report
「Among emerging markets, economic activity slowed significantly, particularly in China, Russia, where sanctions by Western countries were strengthened, and countries with a high degree of external dependence on resources.」
Economic activity in emerging markets slowed significantly, particularly in China, Russia, where sanctions were strengthened, and countries with a high degree of external dependence on resources. - FY2022Update on regional economic conditionsAnnual report
「The United States and China, the world's two largest economies, both continued to achieve relatively strong economic expansion, although personal consumption in the United States was temporarily constrained by the impact of COVID-19 and other factors, while strict infection-control measures and power shortages weighed on the Chinese economy at times.」
Although economic expansion continued in the United States and China, infection-control measures and power shortages weighed on China, updating the assessment of regional economic disparities. - FY2022-Q3Update on regional disparities in economic recoveryAnnual report
「The United States and China, the world's two largest economies, continued to achieve relatively strong economic expansion. In the United States, however, personal consumption was constrained by the impact of COVID-19 and other factors, while in China, strict infection-control measures and power shortages weighed on the economy at times. Meanwhile, in Japan and emerging Asian economies, where delayed economic recoveries had initially been pronounced, recoveries accelerated following the relaxation and lifting of activity restrictions.」
Although economic expansion continued in the United States and China, infection-control measures and power shortages weighed on China, while recoveries accelerated in Japan and emerging Asian economies, updating the assessment of regional disparities. - FY2022-Q2Update on regional disparities in economic recoveryAnnual report
「As a result, the economies of the United States and China, which had previously shown strong recoveries, continued to expand, although their pace appeared to be slowing. In Japan and some emerging markets, measures to prevent the spread of infections, including activity restrictions, were extended or strengthened, making their relatively delayed economic recoveries more pronounced.」
Although the US and Chinese economies continued to expand, signs of a slowdown emerged, while Japan and some emerging markets showed noticeably delayed economic recoveries. - FY2022-Q1WorsenedAnnual report
「In Japan, where vaccination rollout was delayed, economic stagnation continued as restrictions on activity associated with the spread of infections were prolonged. In some emerging markets, infections also spread, and their relatively delayed economic recoveries became more pronounced.」
Although economic expansion continued in the United States, China and elsewhere, the spread of infections in some emerging markets resulted in noticeably delayed economic recoveries. - FY2021MitigatedAnnual report
「In the second half of the year, the United States and China, the world's two largest economies, showed relatively strong economic recoveries, while Japan and Europe saw their economies deteriorate as restrictions were reimposed, resulting in differing trends by region.」
The description of the Chinese economy changed from the previous assessment of a slowdown to a relatively strong recovery. However, disparities in the pace of recovery across regions remain. - FY2021-Q1MitigatedAnnual report
「Although crude oil prices briefly collapsed in April, primary commodity prices subsequently recovered gradually on production cuts and expectations for the resumption of economic activity. Prices of other major primary commodities, including copper, rose overall amid the relatively solid recovery of the Chinese economy and concerns about supply reductions caused by the spread of COVID-19 in producing regions.」
Compared with the previous assessment of a slowdown in the Chinese and emerging-market economies, relatively solid recovery was seen in China and was cited as a factor behind higher copper prices and other price increases. - FY2020WorsenedAnnual report
「As a result, the slowdown in China became more pronounced, while growth rates also declined in other emerging markets.」
Regarding the slowdown in China and emerging markets, the description deteriorated from the previous focus on factors weighing on economic activity to a more pronounced slowdown in China and declining growth rates in other emerging markets. - FY2020-Q3WorsenedAnnual report
「Emerging-market economies generally continued to expand, but US-China trade friction and other factors weighed on economic activity. The slowdown in China and India became more pronounced, while growth rates also declined in other emerging markets, partly because of slower exports.」
Although emerging markets as a whole continued to expand, the slowdown in China and India became more pronounced, while growth rates declined in other emerging markets against a backdrop of slower exports. - FY2020-Q2WorsenedAnnual report
「Emerging-market economies generally continued to expand, but US-China trade friction and other factors weighed on economic activity. As a result, the slowdown in China became more pronounced, while growth rates also declined in other emerging markets, partly because of slower exports. In response, many emerging markets, including China, implemented economic stimulus measures.」
Although emerging markets as a whole continued to expand, the slowdown in China became more pronounced because of US-China trade friction, while growth rates also declined in other emerging markets against a backdrop of slower exports. - FY2020-Q1WorsenedAnnual report
「Emerging-market economies generally continued to expand, but US-China trade friction and other factors weighed on economic activity. As a result, the slowdown in China became more pronounced, while growth rates also declined in other emerging markets.」
Although emerging markets as a whole continued to expand, the slowdown in China became more pronounced against a backdrop of US-China trade friction, and growth rates also declined in other emerging markets. - FY2019-Q3WorsenedAnnual report
「Emerging-market economies generally continued to expand, but economic headwinds, including tighter international financial conditions and trade tensions, persisted, and some countries, including China, experienced economic slowdowns.」
Although emerging-market economies as a whole continued to expand, the assessment shifted to one of economic slowdowns in China and elsewhere against a backdrop of tighter global financial conditions and trade friction. - FY2019-Q2MitigatedAnnual report
「Emerging-market economies continued to expand in countries including China and India. Meanwhile, amid continued U.S. interest rate hikes, currencies fell sharply due to capital outflows, particularly in countries with large current account deficits and external debt balances, such as Turkey and Argentina. Economic headwinds also emerged, including escalating trade tensions between the United States and China.」
China and India continued to expand, while currency plunges and trade tensions in Turkey, Argentina and other countries were cited as economic headwinds. - FY2019-Q1MitigatedAnnual report
「Emerging-market economies continued to show signs of recovery in countries including China and India, while currencies depreciated due to capital outflows, particularly in countries with current account deficits, such as Argentina and Turkey, amid U.S. interest rate hikes.」
China, India and other countries continued to show signs of recovery, and the descriptions continued to point to improvement from the previous view of a slowdown in China and other countries. Currency depreciation was also noted in countries with current account deficits. - FY2018-Q3RestatedAnnual report
「Emerging-market economies showed signs of recovery in countries including China, Brazil and Russia.」
The Company continues to recognize signs of recovery in emerging-market economies, including China, Brazil and Russia. - FY2018-Q2RestatedAnnual report
「Emerging-market economies showed signs of recovery in countries including China, Brazil and Russia.」
The Company continues to recognize signs of recovery in emerging-market economies, including China, Brazil and Russia. - FY2018-Q1MitigatedAnnual report
「Emerging-market economies showed signs of recovery in countries including China, Brazil and Russia.」
The Company's view changed from the slowdown and weak growth in China, Brazil and other countries described through the previous fiscal year to signs of recovery in China, Brazil and Russia. - FY2017RestatedAnnual report
「Emerging-market economies recorded weak overall growth, as China slowed amid weakness in consumption, investment and exports, while Brazil and other countries continued to lack momentum in both domestic and external demand.」
The Company continued to describe weak growth in emerging-market economies due to China's slowdown and weak domestic and external demand in Brazil and other countries as the economic environment for the year. - FY2017-Q3RestatedAnnual report
「Emerging-market economies recorded weak overall growth, as China slowed amid weakness in consumption, investment and exports, while Brazil and other countries continued to lack momentum in both domestic and external demand.」
The Company continued to describe weak growth in emerging-market economies due to China's slowdown and weak domestic and external demand in Brazil and other countries. - FY2017-Q2First statedAnnual report
「Emerging-market economies recorded weak overall growth, as China slowed amid weakness in consumption, investment and exports, while Brazil, Russia and other countries continued to lack momentum in both domestic and external demand.」
The slowdown and weak growth of emerging-market economies, including China, Brazil and Russia, were described as the economic environment during the cumulative second quarter of the current fiscal year.