China’s all-important credit data surprised to the upside in February, declining by less than anticipated. Aggregate financing was nearly double consensus expectations, coming in at CNY 1.71 trillion from CNY 5.17 trillion…
Highlights China’s economic recovery is in a later stage than the US. A rebound in US Treasury yields is unlikely to trigger upward pressure on government bond yields in China. Imported inflation through mounting commodity and…
Chinese markets have been in somewhat of a slump. The CSI 300 was the only major global equity benchmark in the red on Tuesday, falling 2.15% on the day and bringing down the index’s year-to-date performance to -4.61%. The…
Chinese trade beat expectations by a large margin in the first two months of the year. Exports in January and February were up a cumulative 60.6% y/y in USD terms versus expectations of a 40.0% y/y increase, marking a significant…
China’s annual National People’s Congress kicked off on Friday with the unveiling of economic targets and budgets for the year. Beijing once again abandoned the numerical GDP growth target, instead setting it “…
Our Emerging Markets Strategy team recently recommended that dedicated EM equity investors upgrade India from neutral to overweight in an equity portfolio. India is likely to see its inflation remain under control, thanks to a…
Highlights China’s primary vulnerabilities over the past decade have been, and remain, credit/money excesses and a misallocation of capital. China’s advantage has not been its banking system or monetary policy’s…
A recent statement from top Chinese banking regulator Guo Shuqing highlighting the risk of bubbles in both foreign equity markets and domestic property markets cast a shadow over Asian equities earlier this week. The Chairman of…
BCA Research’s Foreign Exchange Strategy service concludes that a big driver for the RMB in the coming years will also be widespread diversification away from USD assets. With extremely low volatility, the yuan has…