Chinese companies have invested in multiple lithium projects in South America and Africa to hedge against dependency on Australia.
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If China will feel the impact of the global energy crisis, it will likely be in its exports.
Plenum partners Chen Long and Shan Guo discussed Plenum’s latest analysis of China’s long-term housing demand and its implications for growth.
China’s growth looked better in August, mainly due to the low base, but slowing exports are a concern and real estate has not recovered despite more easing.
China’s trade surplus has exploded while other “export-oriented” nations saw shrinking surpluses, or deficits, which could be problematic for trade relations.
The two sides appear to have different understandings of how the papers will be accessed, as well as the role of Chinese regulators in the inspection process.
Beijing leveled corruption charges at and removed several key figures in China’s semiconductor industry. The charges are mostly related to the failure of Unigroup.
Chinese semiconductor companies will feel more pain from export controls the closer they get to producing chips of 7-nanometer and below.
The real estate sector is unlikely to rebound unless Beijing embarks on another round of mass replacement of substandard housing.
The PBOC delivered an unexpected policy rate cut to support the economy, as credit growth showed signs of fatigue.