"There's no supply chain in the world that's more critical to us than China." — Tim Cook, CEO of Apple, March 2024 According to BCA Research’s China Investment Strategy and Emerging Market…
China’s economic malaise extended through the month of July. The contraction in property investment worsened (-10.2% YTD y/y) and disappointed expectations of a slower pace of decline. Residential property sales remained…
According to BCA Research’s Geopolitical Strategy service, US policy will have an impact on China’s willingness to adopt a preemptively hawkish foreign policy. But the US is in the middle of a chaotic election that…
According to BCA Research’s Geopolitical Strategy service, Trump’s brand, legacy, and populist movement are based on the popular demand for a more hawkish US policy on trade and immigration. China has been the chief…
Subdued demand for credit among Chinese private-sector businesses and households persisted through July. Aggregate financing missed expectations, growing CNY 0.8bn to CNY 18.9bn in July on a YTD basis. New loans grew CNY 0.2bn…
Industrial metals were one of the worst performing asset classes last month. Have prices declined enough to make them an attractive investment? The outlook for industrial commodity prices is bearish over a 12-month horizon…
Chinese exports in USD terms missed expectations in July, growing by 7.0% y/y, down from 8.6% in June. Conversely, imports rebounded smartly from a 2.3% contraction, rising by 7.2% in July and upending expectations of 3.2%.…
China's cyclical and structural headwinds will likely undermine Beijing’s initiative to accelerate urban migration over the next five years.