China Financials_ Tracking industrial risks – some progress on capex rationalization in 2H24
2025-02-23 14:59
China Financials | Asia Pacific Tracking industrial risks – some progress on capex rationalization in 2H24 Key Takeaways We believe a continued slowdown in industrial capex will be needed to ease industrial profit pressure and credit risks. While many industrial sectors still felt pressures in 2024, we believe the policy shift from pushing to containing capex expansion and abating loan window guidance since mid-2024 is bearing some fruit, with progress on rationalization of industrial credit and investment ...