This report revisits China’s property market through both cyclical and structural lenses, assesses the likely policy responses, and evaluates their investment implications.
China’s economy is weakening again, with successive mini cycles revealing the limits of incremental policy easing. Our Chart Of The Week comes from Jing Sima, Chief China Investment Strategist. Economic data released by the NBS…
Our Commodity strategists remain cyclically short LME copper and introduce a stop-loss at $11,500, as supply-driven strength faces growing demand headwinds. While recent price gains have been fueled by production disruptions and…
China’s October credit data disappointed, reinforcing evidence of weak private-sector demand and a fragile recovery. New yuan loans and aggregate financing both missed expectations, even after being boosted by a one-off CNY 500…
Should investors chase the copper rally or use the latest bout of strength as an opportunity to sell?We warn that weakening Chinese demand and shrinking global manufacturing will weigh on the metal’s price over a cyclical timeframe…
China’s October inflation rebound is unlikely to last, as idiosyncratic factors drove the uptick. Headline CPI rose to 0.2% y/y from -0.3% in September. PPI also improved but remained in contraction at -2.1% y/y. Our China…
Our China Investment strategists remain cautious on reform risks tied to the new Five-Year Plan and advise against going long any Chinese sector stocks based solely on Beijing’s blueprint. While still constructive on offshore…
We recommend a new relative tech equity trade that will likely produce positive returns over the next six to 12 months, regardless of whether the AI hype continues or reverses.
By tracing patterns across China’s past three Five-Year Plans, we reveal how policy cycles shape markets—and what investors should expect in the next five years.
Our Geopolitical strategists view the Trump–Xi summit as a limited but market-friendly outcome, extending the tariff truce and reducing near-term geopolitical risk. While no trade deal was reached, modest concessions such as lower…