According to BCA Research’s China Investment Strategy service, the Fed’s upcoming rate cut will temporarily alleviate some of the downward pressure on the RMB, but beyond the short term the USD will likely rebound in…
Both the Chinese and US central banks will likely take policy actions in the coming weeks. What is the potential impact of a mortgage rate cut on China’s household consumption and the broader economy? Will the anticipated Fed easing…
Chinese export growth in USD terms accelerated from 7.0% y/y to a larger-than-expected 8.7% in August. China’s exports to its major trading partners (US, EU and ASEAN) were all growing in August on a year-on-year basis,…
Global semiconductor stocks have returned 50% YTD in USD terms, and a whopping 200% since their September 2022 lows. However, they may have peaked back in July. Our Emerging Market strategists highlight a significant…
China’s CPI and PPI both surprised to the downside in August. Consumer prices grew from 0.5% y/y to 0.6%, below the 0.7% anticipated. However, a 2.8% y/y surge in food prices (the fastest pace so far this year)…
Our Portfolio Allocation Summary for September 2024.
According to BCA Research’s Emerging Markets Strategy Service, China has been accumulating high-value memory semiconductors in anticipation of further US restrictions. Since October 2022, the US has been tightening rules…
According to BCA Research’s GeoMacro Strategy service, there are two main pressure points that the US can utilize against China. First, the US consumer market is the largest in the world. Despite having diversified away…