Chinese Airports_ Consumption Slump in the Price; Await Catalysts
2025-02-25 02:06
February 21, 2025 09:20 AM GMT Chinese Airports | Asia Pacific Consumption Slump in the Price; Await Catalysts We expect consumption pressure will continue to weigh on Chinese airports' earnings recovery in 2025. However, we think soft consumption is largely in the price. We await catalysts. Key Takeaways Duty-free spending is soft; we also think air traffic and air cargo volume growth are at risk... We remain guarded toward China's 2025 consumption outlook, considering soft GDP growth amid tariffs and pers ...