For international investors in local bonds, total returns are predicated on two main drivers: (1) the direction and magnitude of change in bond yields; and (2) currency performance. In all Asian countries, the dominant macro…
Among the reasons why our China Investment strategists do not anticipate a rapid recovery in Chinese demand is that private sector sentiment is depressed. BCA Research’s marginal propensity to spend indicators for both…
The price of iron ore is up a stunning 73% since mid-November. Both demand- and supply-side factors are likely responsible for this increase. On the demand-side, China has intensified its monetary policy support for the…
BCA Research is proud to announce a new feature to help clients get the most out of our research: an Executive Summary cover page on each of the BCA Research Reports. We created these summaries to help you quickly capture the main points…
BCA Research’s China Investment Strategy service recommends investors with a cyclical investment horizon long MSCI China Value Index /Short MSCI China Growth Index. On a cyclical basis, Chinese investable stocks will not be…
BCA Research is proud to announce a new feature to help clients get the most out of our research: an Executive Summary cover page on each of the BCA Research Reports. We created these summaries to help you quickly capture the main points…
Chinese PMIs suggest that economic growth was subdued in January. The composite PMI compiled by the National Bureau of Statistics slid from 52.2 and now sits at 51.0 – the neutral line which is consistent with unchanged…
Chinese industrial profit growth eased to 4.2% y/y in December from November’s 9% rate. Chinese policymakers have recently been more proactive in supporting the domestic economy by easing monetary policy. However,…