Highlights China’s July Politburo meeting signaled that policy is unlikely to be overtightened. The Biden administration is likely to pass a bipartisan infrastructure deal – as well as a large spending bill by Christmas.…
Highlights The rapid spread of the COVID-19 delta variant in Asia will re-focus precious metals markets anew on the possibility of another round of lockdowns and the implications for demand, particularly in Greater China and India,…
Highlights Chinese authorities’ regulatory crackdown on new economy companies reflects new socio-political and economic shifts in China. Hence, this regulatory crackdown is not transitory. Investors in Chinese TMT/new economy…
BCA Research’s China Investment Strategy service presents three scenarios of how China’s equity market and policies will likely evolve. In the first scenario (their baseline case) the economy would weaken, but would not cross…
Chinese President Xi Jinping’s de-carbonization drive is well telegraphed. Last year, he announced that carbon emissions will peak by 2030 and that carbon neutrality will be achieved by 2060. Unsurprisingly, the steel industry,…
Highlights Last week’s market gyrations do not mark the end of China’s structural reforms. The country’s macro policy setting has shifted to allow a higher tolerance for short-term pain in exchange for long-term gain…
China is a large net importer of oil and rising crude prices act as a significant drag on this economy, at least compared to other emerging markets. Consequently, the relative performance of Chinese equities has tracked with a…
Chinese PMIs indicate that economic activity continues to slow. The Caixin PMI fell 1 point to 50.3 in July, below the anticipated 51.0. Similarly, the NBS manufacturing index eased to 50.4, disappointing expectations of a 0.1…
Highlights Globalization is recovering to its pre-pandemic trajectory. But it will fail to live up to potential, as the “hyper-globalization” trends of the 1990s are long gone. China was the biggest winner of hyper-…
Highlights Recent progress on the path to a post-pandemic state and the return to pre-COVID economic conditions has been mixed. The share of vaccinated individuals continues to rise globally, and the number of confirmed UK cases has…