According to BCA Research’s China Investment Strategy service, messages from the Party Congress suggest that China’s policymakers will continue to balance the trade-offs between short-term economic growth, socio-…
The 20th Communist Party Congress concluded on Sunday with President Xi Jinping cementing his third term in office. We are maintaining our cautious stance on Chinese stocks and the exchange rate. The lack of a significant shift away…
China’s Q3 GDP growth data surprised to the upside. It accelerated to 3.9% y/y from 0.4% y/y in Q2, beating expectations of 3.3% y/y, and returned to growth on a quarter-on-quarter basis following a contraction in Q2.…
Taiwanese export orders are signaling a deterioration in global manufacturing activity. They relapsed in September, declining by 3.1% y/y following a brief 2% rebound in the prior month. In particular, orders to China dropped by…
Indonesian equity outperformance was predicated on an unprecedented trade windfall, including coal exports. As that fades, both the stocks and the currency are highly vulnerable.
Chinese headline CPI inflation accelerated from 2.5% y/y to 2.8% y/y in September. However, this headline figure overstates the extent of price pressures in the Chinese economy. The increase was led by an 8.8% y/y rise in food…
Chinese credit growth largely beat expectations in September. New yuan loans increased by 2.47 trillion, nearly double the prior month’s 1.25 trillion and significantly above expectations of 1.8 trillion. Similarly, the…