Asia – Macro Catalysts: China’s July Manufacturing PMI and Politburo Economic Meeting; BOJ and MAS on Hold; Taiwan‘s 2Q GDP: Asia/Pacific Weekly Preview | Asia Pacific

Research evidence excerpt

Asia – Macro Catalysts: China’s July Manufacturing PMI and Politburo Economic Meeting; BOJ and MAS on Hold; Taiwan‘s 2Q GDP: Asia/Pacific Weekly Preview | Asia Pacific

Idea

July 24, 2026 01:48 PM GMT

Morgan Stanley Asia (Singapore) Pte.+MAsia/Pacific Weekly Preview | Asia Pacific Derrick Y Kam

Asia Economist

Asia – Macro Catalysts: China’s Derrick.Kam@morganstanley.comMorgan Stanley Asia Limited+ +65 6834-8272

Robin Xing

Chief China EconomistJuly Manufacturing PMI and Robin.Xing@morganstanley.com +852 2848-6511

Morgan Stanley MUFG Securities Co., Ltd.+Politburo Economic Meeting; Takeshi Yamaguchi

Chief Japan Economist

Takeshi.Yamaguchi@morganstanleymufg.com +81 3 6836-5404BOJ and MAS on Hold; Taiwan's

Morgan Stanley India Company Private Limited+

Upasana Chachra2Q GDP Chief India Economist

Upasana.Chachra@morganstanley.com +91 22 6118-2246

We expect China's manufacturing PMI at 50.1 in July. Politburo Morgan Stanley Asia Limited+

will likely focus on faster budget rollout on tech and energy KathleenChief Korea/TaiwanOh Economist

security, but not new consumption stimulus. We expect BOJ to Kathleen.Oh@morganstanley.com +852 2848-7340

hold at 1.0% and MAS to keep its policy settings unchanged. Morgan Stanley Australia Limited+

Taiwan's 2Q GDP is expected at 10.1% YoY in 2Q. ChrisEquity StrategistRead and Australia Economist

Chris.Read@morganstanley.com +61 2 9770-1513

Key Takeaways Morgan Stanley Asia Limited+

We provide a list of macro catalysts across Asia for July 27-August 2. Jonathan Cheung

Economist

We expect China mfg PMI to show a seasonal downtick post quarter-end window Jonathan.Cheung@morganstanley.com +852 2848-5652

dressing, but production is supported by exports and faster central budget Kelly Wang

rollout. Kelly.Wang@morganstanley.com +852 3963-0891