The US-China tariff deal confirms one thing: markets are still priced for perfection, with little upside even if a recession is dodged. The London negotiations yielded a partial agreement: The US will reduce tariffs, and China will…
China’s tourism sector has rebounded meaningfully since the January 2023 COVID reopening; however, investors should not be complacent about the outlook for tourism stocks. The double-digit revenue growth of the Chinese tourism…
President Trump faces new restrictions on his trade powers coming from the US judicial branch, but they will not prevent him from continuing to restrict trade and investment with China. Rather, they will establish some curbs against…
Chinese tourism will continue growing, but investors should be mindful not to overpay for Chinese tourism stocks by extrapolating their past double-digit revenue growth into the future.
This year’s plunge in tech stocks followed by the recent strong countertrend rally is eerily reminiscent of 2000. But the market and economic parallels between 2025 and in 2000 run much deeper. This report lists 10 striking parallels…
China’s weak April credit data reinforces the case for defensive positioning, with policy aimed at stability, not recovery. New yuan loans and aggregate financing both rose less than expected. While credit growth may have bottomed,…
The PBoC’s latest easing aims to cushion growth risks and strengthen Beijing’s position ahead of US trade talks. In a rare pre-announced decision, China’s central bank cut its policy rate by 10 bps and the reserve requirement…
Negotiations on trade, Iran, and Ukraine will prove critical this month. Markets will remain volatile because positive data surprises enable the White House to press its hawkish tariff hikes, while negative surprises force the White…
BCA’s China Investment Strategists remain defensive as China’s growth outlook is still weak. Even if some US tariff rates are rolled back, export headwinds and lagging stimulus will continue to weigh on Chinese equities. The…