The latest credit market turmoil was triggered by defaults from local SOEs; this could cause a halt of bond issuance and slower credit growth
Continue Reading
For Q3, we think that the recovery momentum will still carry on for a few more months.
Both production and consumption are continuing to recover, and cyclical momentum will last into Q1 2021.
PBOC effectively took the authority to set policy rates back from the State Council.
Guangzhou Evergrande Property is again under the spotlight as its bonds and stocks suffered a massive sell-off.
China’s growth recovery beat expectations in August but followed the same pattern as in previous months.
Data from A-share listed firms confirm a strong recovery in China’s industrial sector.