Executive Summary A Structural Downshift In China’s Real Estate Investment Growth The Politburo has set a date for the much-anticipated 20th Communist Party Congress at which President Xi will most likely secure his third…
BCA Research’s China Investment Strategy service continues to hold a bearish view on the share prices of both onshore and offshore Chinese property developers in absolute terms and relative to China’s overall equity…
Chinese PMIs from the National Bureau of Statistics surprised to the upside in August. Although the manufacturing PMI remains in contractionary territory, it ticked up from 49.0 to 49.4, slightly above expectations of 49.2.…
Chinese industrial profits contracted 1.1% y/y in the first seven months of 2022, from a 1.0%y/y increase in H1. Ferrous metal miners (-23.4% YTD y/y) and ferrous metal smelters (-80.8% YTD y/y) are among the sectors that…
Executive Summary Our negative view on the summer rally is coming to fruition, with equities falling back on the negative geopolitical, macro, and monetary environment. China is easing policy ahead of its full return to autocratic…
On Friday, the US Securities and Exchange Commission and Public Company Accounting Oversight Board announced that the US and China have reached a preliminary deal allowing American accounting regulators to inspect the audit…
Listen to a short summary of this report. Executive Summary Housing Activity Should Start To Stabilize By The End Of The Year Home prices in the US are set to decline, almost certainly in real terms and…
On Wednesday, China’s State Council announced a 19-point stimulus package worth RMB 1 trillion to boost the domestic economy. The package includes an additional RMB 500 billion in local government bond issuance. …
Executive Summary US Companies Will Attempt To Raise Selling Prices To Protect Their Profit Margins China needs lower interest rates and a weaker currency to battle deflationary pressures. In the US, the main problem is…