In this chartbook, we walk you through the latest developments in the Chinese economy and offer our outlook.
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China’s leaders have signaled dissatisfaction with extreme competition in some sectors, and the market expects some measures to be taken.
Exports and industrial activities outperformed again, while retail sales slowed in June; the housing market and deflation continue to be the biggest issues.
China continued to consolidate its position as a key market for chipmaking equipment in 2024, but the outlook for 2025 is less optimistic.
The RMB has risen modestly against the USD in recent weeks due to the USD’s renewed weakness, but it still lags other currencies.
Huawei’s total revenue is nearly back to its peak, but its consumer business revenue has been slower to recover.
Strong retail sales, decent exports to non-US regions, and more industrial upgrades propped up the Chinese economy in May.
The number of “little giant” companies has rapidly multiplied in recent years, but most of them never see any central government subsidy money.