According to BCA Research’s China Investment Strategy service, a deleveraging cycle, coupled with a decline in total population, may lead to a structurally lower interest rate environment, which may be positive for Chinese…
Dear Client, In lieu of our weekly report next week, I will be hosting two webcasts with my colleague Arthur Budaghyan, Chief Emerging Market Strategist: Time To Buy EM/China? June 23, 2022 9:00 AM EDT (2:00 PM BST, 3:00 PM CEST)…
Chinese credit data for May surprised to the upside. New total social financing rebounded to RMB 2.79 trillion from 0.91 trillion in April. Similarly, loans extended by banks nearly tripled to 1.89 trillion. However, these…
Chinese exports rebounded in May, surging by 16.9% y/y in dollar terms following 3.9% in the previous month. Imports also firmed 4.1% year-on-year after being flat in April. Both export and import growth surpassed market…
Executive Summary Natural Gas Markets Eerily Quiet An eerie calm in European natural gas markets belies the state of war in Ukraine that already is producing a cutoff of Russian natgas supplies in retaliation for the EU…
Executive Summary Singapore stocks are at risk as an impending contraction in global trade will hurt this very open economy and its markets. The country’s foreign reserves are already shrinking as the balance of payments has…
Executive Summary The Efficient Market Hypothesis (EMH) is flawed. This Holy Grail of financial economics assumes that investors are a homogenous bunch with identical investment horizons, when the reality is that investors have a wide…
According to BCA Research’s China Investment Strategy service, China’s investment focus is shifting from traditional infrastructure to new economy infrastructure. They expect new infrastructure investment in tech and…