International Relations
Economics
COVID-19
Finance
Asia
b Opening up of Covid19 imminent even if gradual position for it
c Fiscal amp monetary stimulus
d Headline GDP improving China bears a Valuations reflect new normal of policy that is pro state vs private sector which leads to lower earnings expectations
Good morning, I am on the BBC this morning at 630am HKT to discuss details of China data dump, why investors panicked despite the better headline in Q3 as they look into Q4 & beyond, and the impact on the rest of Asia. π€π€π€Join us (they'll replay this at some pt throughout).
China bull ππ£camps:
a) Valuations are even cheaper
b) Opening up of Covid-19 imminent, even if gradual, position for it
c) Fiscal & monetary stimulus
d) Headline GDP improving!!! π€
a) Valuations are even cheaper
b) Opening up of Covid-19 imminent, even if gradual, position for it
c) Fiscal & monetary stimulus
d) Headline GDP improving!!! π€
China bears π»πΌ:
a) Valuations reflect new normal of policy that is pro state vs private sector, which leads to lower earnings expectations
b) Zero-Covid easing limited
c) Room for fiscal support limited
d) Monetary easing limited w/ weak yuan (rate cuts)
e) Details of GDP weak
a) Valuations reflect new normal of policy that is pro state vs private sector, which leads to lower earnings expectations
b) Zero-Covid easing limited
c) Room for fiscal support limited
d) Monetary easing limited w/ weak yuan (rate cuts)
e) Details of GDP weak
Regarding:
e) GDP bounced in Q3 but details ugly such as September slowdown of retail sales, softening of exports and moreover zero growth of nominal imports.
Meaning, the rock star of 2022, exports, already sagging
e) GDP bounced in Q3 but details ugly such as September slowdown of retail sales, softening of exports and moreover zero growth of nominal imports.
Meaning, the rock star of 2022, exports, already sagging
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