China’s push to dramatically expand its copper-refining capacity will be complemented by further vertical integration of mining assets. However, surplus refining capacity will push treatment and refining charges lower in the short…
To the extent that Taiwanese export orders act as a bellwether for global trade dynamics, we often monitor the release to gain a sense of the state of the manufacturing cycle. On this front, the October update provided a positive…
The latest house price data indicate that China's housing market remains weak. The prices of newly built homes across 70 medium and large Chinese cities declined by 0.4% m/m in October – a faster pace of decline than…
US and Chinese oil-demand strength will offset EU weakness next year. Incremental supply growth from non-OPEC 2.0 producers, coupled with a lower risk of the US enforcing its sanctions on Iranian oil exports, reduces our 2024 Brent…
According to BCA Research’s China Investment Strategy service, Chinese policymakers are facing the Impossible Trinity. When faced with rapid currency depreciation in August-September, the PBoC deliberately tightened…
On the surface, the acceleration in Chinese retail sales and industrial production growth in October suggests that the economy is holding up. Retail sales expanded by 7.6% y/y last month – beating expectations of 7.0% y/y…