Prefer government bonds over stocks, defensive sectors over cyclicals, and large caps over small caps. Favor North America over other markets. Favor emerging markets like Southeast Asia and Latin America over Greater China, Turkey,…
Chinese import and export growth both disappointed and signal that the Chinese economy continues to face acute global and domestic headwinds. Imports collapsed by 10.6% y/y in USD terms following October’s 0.7% y/y decline…
BCA Research’s China Investment Strategy service expects the country’s green and tech infrastructure investment to continue to boom in 2023 and beyond. China’s tech infrastructure investment skyrocketed by…
Chinese investable stocks and the Asian currencies index posted the largest positive post-GFC abnormal returns among major financial market assets in November. Investor optimism about a potential relaxation of pandemic measures…
The Chinese Renminbi recently made a sharp U-turn. Year-to-date weakness has given way to a 4.9% appreciation versus the USD since the end of October. This rally occurred against the backdrop of broad-based US dollar depreciation…
BCA Research’s China Investment Strategy service recommends a new relative equity trade: short Chinese bank stocks / long Chinese consumer staples and auto stocks. Authorities are once again using banks to finance…