Chinese retail sales grew 3.7% y/y in May, from 2.3% in April, upending expectations of a more muted 3.0% increase. The government appliance trade-in program has likely boosted these figures. Sales of home-related goods such…
Gold prices might experience a correction or consolidation over the near term. However, cyclical and structural forces will ultimately cause the yellow metal to trend upwards.
Chinese new loans grew from CNY 10.2 tr to CNY 11.1tr in May, disappointing expectations of CNY 11.3tr. Year-to-date aggregate financing also came short of anticipations, growing from CNY 12.7tr to CNY 14.8tr. Notably, the…
According to BCA Research’s China Investment Strategy service, it is an overstatement to assert that China’s subsidies are the main driver of its green energy industries’ competitiveness. It is commonly…
On Wednesday, the European Commission announced it would impose tariffs ranging between 17% and 38% on imports of Chinese EVs starting next month. These duties will be applied on top of existing 10% across-the-board tariffs on…
According to BCA Research’s Geopolitical Strategy service, Modi’s loss of a majority government reduces the odds for more reforms, but does not change the structural outlook. Modi comes out of the election with…
The redeployment of pandemic-era excess savings has been a significant driver of US consumption growth and helped the economy avoid a recession last year. Although pandemic-era fiscal support was less generous in China,…
Non-trivial macro divergences have emerged between mainstream LATAM economies. This report compares and ranks Brazil, Mexico, Colombia, Chile, and Peru based on their business cycle outlook, macro policy stance, external accounts,…