The PBoC’s decision to cut the reserve requirement ratio by 50 bps is unlikely to be a game changer for the Chinese economy. The more important drivers of China’s business cycle and financial markets are credit growth…
The world’s two largest economies are diverging on monetary policy. The Fed is starting to normalize policy by tapering its asset purchases and preparing to hike interest rates next year. Meanwhile, the PBoC is easing…
Dear Client, We are sending you our Strategy Outlook today where we outline our thoughts on the global economy and the direction of financial markets for 2022 and beyond. Next week, please join me for a webcast on Friday, December 10th…
Chinese authorities are taking steps to limit foreign listings of Chinese companies. According to media reports, Beijing is planning to ban companies from using the variable interest entities structure – a loophole used by…
According to China’s National Bureau of Statistics, Chinese economic activity accelerated in November. The composite PMI increased by 1.4 percentage points to 52.2. This improvement reflects the manufacturing PMI’s…
Chinese industrial profit growth accelerated to 24.6% y/y in October from the prior month’s 16.3% y/y. This brings the year-to-date increase in profits to 42.2% y/y for the first 10 months of the 2021. Higher commodity…
Dear Client, Next week, we will be sending you BCA Research’s Annual Outlook, featuring long-time BCA client Mr. X, who visits towards the end of each year to discuss the economic, financial and commodity market outlook for the…
According to BCA Research’s China Investment Strategy service, regulators have been slow to backtrack property market reforms because China’s fiscal deficit has narrowed this year. In previous property market…
Dear Client, We will be working on our 2022 Outlook for China, which will be published on December 8. Next week we will be sending you BCA Research’s Annual Outlook, featuring long-time BCA client Mr. X, who visits towards the end…
Taiwanese export orders decelerated sharply in October which suggests that global demand for manufactured goods is softening. Aggregate orders rose 14.6% y/y following a 25.7% y/y increase in September, and fell below…