Chinese PMIs from the National Bureau of Statistics surprised to the upside in August. Although the manufacturing PMI remains in contractionary territory, it ticked up from 49.0 to 49.4, slightly above expectations of 49.2.…
According to BCA Research’s Geopolitical Strategy service, the Fourth Taiwan Strait Crisis has only just begun. Tensions can still deal nasty surprises to global investors. The previous three crises ranged from four to…
Chinese industrial profits contracted 1.1% y/y in the first seven months of 2022, from a 1.0%y/y increase in H1. Ferrous metal miners (-23.4% YTD y/y) and ferrous metal smelters (-80.8% YTD y/y) are among the sectors that…
Recent data releases suggest that economic activity has been resilient in Vietnam. Exports soared 22.1% y/y, the pace of industrial production growth accelerated from 11.2% y/y to 15.6% y/y, and retail sales growth firmed from 42…
Executive Summary Our negative view on the summer rally is coming to fruition, with equities falling back on the negative geopolitical, macro, and monetary environment. China is easing policy ahead of its full return to autocratic…
On Friday, the US Securities and Exchange Commission and Public Company Accounting Oversight Board announced that the US and China have reached a preliminary deal allowing American accounting regulators to inspect the audit…
On Wednesday, China’s State Council announced a 19-point stimulus package worth RMB 1 trillion to boost the domestic economy. The package includes an additional RMB 500 billion in local government bond issuance. …
BCA Research’s China Investment Strategy service concludes that a bleak housing market and construction activity will remain a major drag on the Chinese economy in the near term. Chinese property market indicators saw a…
On Tuesday, Bank Indonesia unexpectedly hiked its 7-day Reverse Repurchase Rate by 25bps to 3.75%, marking the first rate increase since 2018. The central bank cited price pressures as the motive for the hike, noting that “…