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Video: Towards A Trade War On All Fronts

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Video: Towards A Trade War On All Fronts

Yanmei Xie
17 Jul 2024
A new spirit of mercantilism is abroad in the US, with Donald Trump’s Republican Party proposing a “baseline tariff” on all goods imports, as well as targeted higher tariffs on imports from China, should it capture the White House in November’s election. In this interview, Yanmei assesses what this means.
Another Warning To Bond Markets

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Another Warning To Bond Markets

Wei He
17 Jul 2024
The People’s Bank of China introduced a new corridor that sets upper and lower limits on short-term interest rates. Wei argues that the immediate aim is to warn market participants that they have priced in overly aggressive monetary easing expectations. In the longer term, the central bank is attempting technical changes to improve the operation and transmission of monetary policy.

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Growth Decelerates

Wei He, Dragonomics Team
15 Jul 2024
China’s economic growth decelerated meaningfully in Q2, with exports posting strong gains while domestic demand drivers mostly softened. Wei and the Dragonomics team argue that there is little reason to expect an acceleration in economic growth ahead, as endogenous growth drivers and policy support appear likely to be tepid.

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Webinar: Setting The Agenda For China's Plenum

Andrew Batson, Thomas Gatley, Tilly Zhang
12 Jul 2024
China's Communist Party is gearing up to hold its Third Plenum later this month, an event where top leader Xi Jinping will have a platform to articulate and possibly revise his vision for the economy. With domestic consumers in the doldrums, and trade tensions escalating, is a course correction for China coming? In this webinar our team of China experts explained what to expect, and not to expect, from this high-level conclave.

Featured report

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The Financial Risk Report 2024

Xiaoxi Zhang
10 Jun 2024
China's property-market downturn exacerbated debt strains last year among the two biggest financial weak points: local-government financing vehicles and real-estate developers. But the fortunes of the two groups of borrowers have since diverged substantially. This chartbook assesses that divergence, and explores the implications for the government, commercial banks, bond markets and other creditors.

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The Localization Drive Steps Up
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Tilly Zhang
Dealing With The Next Wave Of Bad Loans
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Xiaoxi Zhang
Food Security Is Back
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Ernan Cui
The PBOC’s New Yield Floor
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Wei He
The Missing Consumer Stimulus
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Andrew Batson
Conversation: How Bad Is China's Economy, And What Will Beijing Do About It?
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Arthur Kroeber, Andrew Batson
Webinar: France On The Brink?
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Louis-Vincent Gave, Cedric Gemehl, Charles Gave
How To Get Households Back Into The Stock Market
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Xiaoxi Zhang, Thomas Gatley, Wei He

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Securing The Western Frontier

Tom Miller
16 Dec 2021
China looks like a winner from the US withdrawal from Afghanistan, now free to tighten its grip on Central Asia. In this DeepChina report, Tom explains the complex reality of the latest round of the "great game." China is getting closer to Russia, skeptical of Afghanistan and Pakistan, and consolidating its economic hold on Turkmenistan.

Stocks

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A User's Guide To The Chinese Stock Market

Thomas Gatley
2 Apr 2019
China’s onshore equity markets are now large and accessible enough that they can no longer be ignored by foreign investors—but idiosyncratic enough that they are hard to understand. This in-depth DeepChina report explains the fundamentals: What is there to invest in? Who owns the market? How can foreigners invest? How is the market regulated?

Bonds

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A User's Guide To The Chinese Bond Market

Wei He, Xiaoxi Zhang
30 Jun 2021
The expansion and opening of China’s onshore renminbi bond market is one of the biggest changes to the structure of global financial markets in recent years, one that investors are still grappling with. In this comprehensive 30-page DeepChina report, our analysts present a guide to the nature and functioning of this important market.

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Behind The Incredible Export Boom

Thomas Gatley
Chinese export growth ostensibly continues to outpace the rest of the world this year, but Thomas believes this could in part be due to misleading data. Exporters have been incentivized to reduce their under-invoicing, which has in turn materially inflated China’s export growth over the past three years.

Managing Covid

The Chinese Consumer In 2023
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The Invisible Second Wave
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Shanghai Seminar — April 2023
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The Reopening Recovery Is On Track
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Macro Update: Reversal, Reopening, Recovery
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Webinar: China’s Covid Surge And The Reopening Rally
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