Source: CEIC, Morgan Stanley Research. E= Hong Kong Govt. estimate Morgan Stanley Research 5 M Foundation Source: HKMA, CEIC, Morgan Stanley Research Source: HKMA, CEIC, Morgan Stanley Research 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 summary M Foundation Hong Kong Economics | Asia Pacific December 16, 2024 09:00 PM GMT 2025 Outlook: Duel Challenges Ahead Real GDP growth is set to moderate in 2025-26, as rising USChina trade tensions and increased price competitiveness in Mainland China weigh on investment and consumpt ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 ab 16 December 2024 Global Research China Economic Perspectives Mixed growth momentum in November Economics China Growth momentum showed a mixed picture in November After better-than-expected growth momentum in October, China had a mixed growth picture in November. Owing to major policy easing in the past several months, property sales growth rebounded to a positive YoY reading with its seasonally adjusted level improving further sequentially, lifting retail sales of related goo ...

This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. backdrop). Our top-picks for China consumer industry: Haier, Midea, YUMC, Anta, Tsingtao (H) and CRB. China Nov offline retail sales were up 6.1% yoy, while online went down by 2.7% yoy, due to the early start ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 China Ecommerce According to the National Bureau of Statistics (NBS), China online retail sales in 11M24 increased 7.4% YoY to Rmb14,031bn, slower than the 8.8% YoY increase as of October. On a monthly basis, online retail sales in November declined 2% YoY vs. 10% YoY growth in October, reflecting the earlier Singles Day promotion this year. We believe the better way to read the numbers is to look at accumulated online retail sales growth in OctoberNovember, which normalizes the ...

shuinu9870 shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： China's retirement savings scheme goes national this Sunday shuinu9870 更多一手调研纪要和研报数据加V： shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Global Markets Strategy 12 December 2024 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprin ...

shuinu9870 shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 of WILL CHINA'S POLICY STIMULUS BE ENOUGH? shuinu9870 shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： WHAT'S INSIDE shuinu9870 更多一手调研纪要和研报数据加V： - Hui Shan ISSUE 134 | December 11, 2024 | 5:15 PM EST ''''''U''''' '''' ' '' ' Global Macro Research TOP MIND 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： Chinese policymakers doubled down this week in signaling a strong policy response to China's internal and external econ ...

shuinu9870 shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 shuinu9870 更多一手调研纪要和研报数据加V： shuinu9870 更多一手调研纪要和研报数据加V： M Update | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

M O R G A N S T A N L E Y R E S E A R C H Travel & Leisure Activity Tracker December 6, 2024 10:53 AM GMT Morgan Stanley | --- | --- | --- | |-----------------------------------|-------|----------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | M O R G A N S T A N L E Y R E S E A R C H | | | | Morgan Stanley & Co. International plc+ Jamie Rollo Equity Analyst Jamie.Rollo@morganstanley.com +44 (0)20 7425 3281 | | | | E ...

ab 6 December 2024 Global Research China Solar Industry China solar biweekly—monthly production to continue to fall in December Polysilicon production could fall 21% MoM in December According to PV InfoLink, mono-grade polysilicon prices for the week starting 2 December declined 1.3% WoW to Rmb39/kg. Based on continued cuts in utilisation rates, Silicon China expects polysilicon production to decrease 21% MoM to 105kt (44GW) in December. However, we estimate this would be higher than wafer demand of 40GW. W ...

ab 6 December 2024 Global Research China Healthcare Expert call takeaways: Turning point for commercial insurance in China healthcare? A more serious push this time; though patience is needed We invited a researcher from the China Health Insurance Research Association to discuss his views on recent efforts by the National Healthcare Security Administration (NHSA) to encourage development of commercial insurance in the healthcare sector. Why now? The expert attributes the move to 1) top down guidance from th ...