Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s industrial production rose more than expected last month, but retail sales grew more slowly in a sign that weak consumer sentiment was weighing on a recovery in the world’s second-largest economy. Industrial production grew…
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. The Chinese electric vehicle sector has begun to tap offshore markets for more funding, with shares in EV maker Zeekr gaining 34 per cent on Friday in the biggest IPO in the US by a…
Monty Rakusen/DigitalVision via Getty Images Since I wrote about China’s automotive services provider SunCar Technology (NASDAQ:SDA) last November, its price is up by over 16%. Even at that time, a 20-25% upside was evident for the stock in the short term, after it significantly overcorrected when a follow-on offering took place at a price lower…
da-kuk A few weeks ago, we used this space to write about China and India, the two largest countries in the world by population that both figure prominently into the global economy. If you recall from our commentary that week, India’s stock market has been going gangbusters while China’s has brought nothing but disappointment to…
Lintao Zhang/Getty Images News Introduction Before I go into the topic in the title of this article, I would like to note that this is not my first article about Microsoft Corporation (NASDAQ:MSFT). I was bullish on MSFT until July 2023, but then switched to ‘neutral’. I consider MSFT to be one of the leading…
Omar Osman By Ewa Manthey YTD metals performance % Source: LME, ING Research China’s 2024 economic goals disappoint Industrial metals have mostly struggled this year amid a disappointing recovery in China, with a property downturn and weak manufacturing continuing to weigh on prices. This week China unveiled its economic targets for 2024 at the latest…
Leonhard Simon/Getty Images News China EVs are a highly contested investment theme with extremely choppiness, which I believe ultimately ends in upside BYD (OTCPK:BYDDF) (HK-1211) is one of the top relative outperformers in China’s landscape in calendar year 2023, where the majority of technology names capitulated 10-20% losses in another year where the Hang Seng…
Young777/iStock via Getty Images China Real Estate likely has sporadic greenshoots throughout 2024 within a rangebound context 2024 has begun with China’s A-Shares and H-Shares market exhibiting high volatility as traders debate the future of business policy, the real estate market, and consumer spending trends from the Mainland. One of the top tail risks for…
Mat Hayward Searching for the Outperformers within China’s Bearish Landscape One of the top weighted companies inside the China KWEB Internet ETF is a lesser known company named NetEase (NASDAQ:NTES) which is the #5 company in the ETF. Many people outside of China actively use their products to some degree, but the company has maintained…
Trygve Finkelsen I follow BYD Company (OTCPK:BYDDF) and Tesla, Inc. (TSLA) very closely, as I believe their market leadership would likely shape the EV industry’s direction in the medium- and long term. I used to invest in BYD but decided to take profits in 2022 to reallocate my capital to diversify my risks away from…
In the article, Hayes presented a unique perspective on centralization, branding himself, and even Changpeng ‘CZ’ Zhao, the former CEO of Binance, as sinners in the eyes of “Lord Satoshi”. In his recent article, “Panda Power”, Arthur Hayes, a prominent crypto expert and BitMEX co-founder provided a unique perspective on China’s impact on Bitcoin (BTC)…
Nikada It’s been a positive week for Chinese macro data. GDP growth in Q3 was sequentially up on Q2 numbers, placing the country firmly on track to hit its 5% growth target for the full year. The stronger services and consumer contribution, along with a positive retail sales print, also indicate that the economy is…
GOCMEN I expect Chinese stocks to decline significantly over the coming year for several reasons, including a) China faces major geopolitical tensions with the USA, b) China’s real estate bubble is bursting, c) China and global recession risk, d) it is difficult for the Chinese government to “stimulate” its economy due to high debt/GDP and…
Didi was initially listed on the New York Stock Exchange but then it was compelled to delist due to regulatory issues in China. Chinese ride-hailing giant, Didi Global Inc (NYSE: DIDI) is reportedly making strategic moves in preparation for its upcoming Initial Public Offering (IPO) on the Hong Kong Stock Exchange (HSE) next year. People…
This strategic investment, totaling around $65 million, translates to approximately 0.01 percentage point in each bank. The impact on the market was immediate and substantial, with shares of these major banks soaring between 2.43% and 4.73% in the early hours of Thursday. China’s sovereign wealth fund, Central Huijin Investment Ltd, has taken a significant step…
AerialPerspective Works By John Lin In an era of new economic challenges, we expect value investing to trump growth-oriented strategies for investors in Chinese equities. Investors are asking tough questions about China as hope for its post-COVID resurgence gives way to concern about its economy. Despite the uncertainties, we think China remains investible and a…
Tourists have the option of re-loading their e-CNY wallets with physical cash at local banks and reverting any balance left over to their original bank card or account. China’s digital yuan app now has a “recharge first and use later” feature that allows tourists to top up their wallets using Mastercard and Visa payments. Tourists…
William_Potter The most important outcome of the last week’s flurry of central bank meetings was the median forecast of Fed officials for 50 bp less in cuts next year than it had anticipated in June as it revised up its growth forecasts for this year and next. The prospect for higher rates for pushed equities…
Receive free Chinese society updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese society news every morning. Tens of thousands of Chinese college freshmen began their English language classes this month with an in-depth study of “Never Forget Why You Started”, an article in which President Xi Jinping describes his…
Stefan Rotter By Eric Winograd China’s growth has slowed, but the context is important – an intentional transition to a more balanced economy that relies less on investment and exports. The economic slowdown is understandably causing concern among investors. However, while slower growth in China will impact the global economy and financial markets, we think…
In addition to exploring the Chinese market, Lucid is actively expanding its production capacity at its Arizona factory and preparing to launch its new SUV model called the Gravity. Lucid Motors, a prominent US electric car manufacturer, is actively considering entering the highly competitive electric vehicle (EV) market in China, the world’s largest and fastest-growing…
Evergrande has seen an impressive spike in shares even though both the HSI and the property sector in China are still struggling. Chinese property developer Evergrande saw its shares jump 82% on Wednesday, outperforming other publicly listed companies on the Hang Seng Index (HSI). Evergrande shares closed at HK$0.640 after climbing 82.86%, according to data…
Jogy Abraham/iStock Editorial via Getty Images Investment thesis With signs of demand slowing down in Japan, China, and Europe, we believe Daikin’s (OTCPK:DKILF) shares look expensive on consensus PER FY3/2024 26.5x. Our major concerns are market share losses in Japan and the U.S., and the potential fall in China demand with the weakening real estate…
Igor Kutyaev Local governments have been instrumental in driving China’s remarkable economic growth over the last 30 years, in particular by providing massive public investments in critical physical and social infrastructure. Yet, amid a slowing economy and an ailing property market, debt-laden municipalities now pose a potential risk to China’s economic growth and financial stability….
Kevin Frayer China’s leading AI technology and search leader, Baidu, Inc. (NASDAQ:BIDU), demonstrated that its recovery continues despite the stumbles in China’s economic recovery. As such, BIDU has outperformed China’s e-commerce and cloud leader Alibaba (BABA) stock since January 2023, suggesting buyers seem confident about its AI growth prospects. Baidu’s recent second-quarter or FQ2 earnings…
Editor’s note: Seeking Alpha is proud to welcome Jingxiang Chen as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » plej92 Luckin Coffee (OTCPK:LKNCY) remains underpriced and overlooked, even…
MediaProduction/iStock via Getty Images As the past week closed, a number of interesting events came to pass over at the People’s Republic of China. The first was China’s largest private real-estate developer Country Garden missing a number of bond payments and posting guidance that it will likely post a record loss for the first six…
franckreporter Listen to the podcast below or on the go via Apple Podcasts or Spotify. Rob Isbitts and Matthew Tuttle discuss China’s disappointing economic data (3:50), and a key level in long-term resistance on 10 year U.S. Treasury yield (8:20). Market timing (24:30) trading updates, portfolio offense and defense (30:00). Transcript Rob Isbitts: This is…
Market observers had also anticipated an adjustment in the five-year loan prime rate, influencing the country’s mortgage landscape. Amidst mounting economic concerns, the People’s Bank of China (PBOC) recently implemented changes to its lending rates, signaling its response to a complex landscape of financial issues. On August 21, the PBOC made a measured reduction of…
Evergrande’s affiliate Tianji Holdings and the company’s subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court. Evergrande Group, the Chinese second-largest property developer, has filed for Chapter 15 bankruptcy protection in the Manhattan bankruptcy court. The application would allow Evergrande to protect its assets in the US while it is working on a…
The global rice market is experiencing a significant upheaval as prices soar to their highest levels in nearly 12 years. The global rice market is currently on the brink of further strain as China, the world’s largest rice producer, grapples with heavy rain and flood risks in its grain-producing north-eastern region. The resulting reduction in yields…
Binance explained that they even have refused to conduct business in the Asian due to China’s cryptocurrency ban. On August 2nd, The Wall Street Journal published a report indicating that current and former employees of Binance observed internal transactions confirming that Chinese users traded around $90 billion in cryptocurrencies on the exchange for a month….
Receive free Wang Yi updates We’ll send you a myFT Daily Digest email rounding up the latest Wang Yi news every morning. Australia’s foreign minister Julie Bishop thought everything was going well at a meeting with Wang Yi in 2013, as her Chinese counterpart launched into an animated opening speech in Mandarin. But then the…