Asia / Mainland China

Mainland China

Group Research / October 01, 2019

Photo Credit - AFP

Mainland China
 20172018e2019f2020f
GDP growth, % YoY6.96.66.26.0
CPI inflation, % YoY1.62.12.32.3
 2Q193Q194Q191Q202Q20
Exchange rates, end of period6.877.157.207.157.10
Policy interest rates, end of period4.354.354.354.354.35
/aics/search.page[Akamai-Origin-Hop] = [2] [Accept] = [*/*] [User-Agent] = [Mozilla/5.0 (compatible; bingbot/2.0; +http://www.bing.com/bingbot.htm)] [Connection] = [close] [X-Forwarded-Host] = [www.dbs.com] [Host] = [runtime-prod-01-pwebdsgsmc.sgp.dbs.com:8343] [Accept-Encoding] = [gzip] [Pragma] = [akamai-x-cache-remote-on, akamai-x-check-cacheable, akamai-x-flush-log, akamai-x-get-true-cache-key, akamai-x-get-request-id] [From] = [bingbot(at)microsoft.com] [True-Client-IP] = [40.77.167.197] [Akamai-Origin-Request] = [1] [Via] = [1.1 v1-akamaitech.net(ghost) (AkamaiGHost), 1.1 akamai.net(ghost) (AkamaiGHost)] [X-Akamai-CONFIG-LOG-DETAIL] = [true] [Cache-Control] = [no-cache, max-age=21600] [X-Forwarded-For] = [40.77.167.197, 23.36.3.22, 10.89.109.73] [X-Forwarded-Server] = [dbsweb-p00-grp.corp.dbs.com] templatedata/article/region/data/en/AIO/012016/19012016_china.xmlaics/regionMainland ChinaChina Industry InsightsInsightsIndustryView AllRead Morenotaligned258PBOC has cut RRR for selected rural and commercial banks in view of ongoing deleveraging and asset quality deterioration.ChinaFinancials/iwov-resources/aics/images/AICS/AIO/en/112019/191107_insights_thumb_china_banking.jpg/aics/templatedata/article/generic/data/en/GR/112019/191107_insights_china_banking.xmlChina Banking Sector: Look for good buysNovember 07, 2019Chinese developers reportedly accelerating presales to increase cash collections to maintain healthy balance sheet.ChinaReal Estate/iwov-resources/aics/images/AICS/AIO/en/112019/191101_insights_thumb_china_property.jpg/aics/templatedata/article/generic/data/en/GR/112019/191101_insights_china_property.xmlChina Property Sector: Strong Oct presales to serve as share price catalystNovember 01, 2019Proliferation of “fast fashion” has come at a huge environmental price, with the industry producing around 10% of global greenhouse gas emissions and 20% of global wastewater.ChinaConsumer/iwov-resources/aics/images/AICS/AIO/en/102019/191024_insights_thumb_china_textiles.jpg/aics/templatedata/article/generic/data/en/GR/102019/191024_insights_china_textiles.xmlChina Textile Sector: ESG Report: Sustainable fashion suppliersOctober 24, 2019China Economics InsightsInsightsEconomicsView AllRead Morenotaligned39China’s GDP growth will moderate to 5.8% next year, slower than the 6.1% forecast for 2019. Intensified policy support is a necessity to buttress the economy.ChinaGrowth/iwov-resources/aics/images/AICS/AIO/en/112019/191111_insights_thumb_China.jpg/aics/templatedata/article/generic/data/en/GR/112019/191111_insights_china.xmlChina 2020 – A Better Year AheadNovember 11, 2019China’s GDP growth edged down from 6.2% YoY in 2Q to 6.0% YoY in 3Q, in line with our forecast.ChinaGrowth/iwov-resources/aics/images/AICS/AIO/en/102019/191021_insights_thumb_china.jpg/aics/templatedata/article/generic/data/en/GR/102019/191021_insights_china.xmlChina: How far can consumption drive the economy?October 21, 2019China’s growth has averaged 10% a year since 1978 and 850mn people have been lifted out of poverty. Given increased focus on technology innovation, the chance of further gains seems substantial.ChinaGrowth/iwov-resources/aics/images/AICS/AIO/en/092019/190930_economics_thumb_china_chartbook.jpg/aics/templatedata/article/generic/data/en/GR/092019/190930_economics_china_chartbook.xmlChina Chartbook : 70th Anniversary of the People’s Republic of ChinaSeptember 30, 2019China Economics DailyEconomicsView AllRead Morenotaligned46The outlook of the external environment has remained cloudy despite tariffs to be effective this week is delayed.ChinaTrade/iwov-resources/aics/images/AICS/AIO/en/102019/191015_insights_thumb_china.jpg/aics/templatedata/article/generic/data/en/GR/102019/191015_insights_china.xmlChina: Trade talks surprises but not trade dataOctober 15, 2019Six years after declaring war on pollution, China is making progress.ChinaGrowth/iwov-resources/aics/images/AICS/AIO/en/092019/190923_economics_thumb_chart_of_the_week.jpg/aics/templatedata/article/generic/data/en/GR/092019/190923_economics_chart_of_the_week.xmlChart of the Week: China’s war on pollutionSeptember 23, 2019August’s data reinforces our view that growth will probably weaken more this quarter and increase the likelihood of further policy easing.ChinaGrowth/iwov-resources/aics/images/AICS/AIO/en/092019/190916_insights_thumb_china.jpg/aics/templatedata/article/generic/data/en/GR/092019/190916_insights_china.xmlChina: Weak August data calls for more looseningSeptember 16, 2019China EquitiesInsightsEquitiesView AllRead Morenotaligned42Civil unrest in HK adds to challenging relationship stemming from US-China trade war. Investors advised to focus on defensive names and those that offer secular growth opportunities.ChinaEquities/iwov-resources/aics/images/AICS/AIO/en/102019/191004_strategy_thumb_hk_monthly.jpg/aics/templatedata/article/generic/data/en/GR/102019/191004_strategy_hk_monthly.xmlMonthly Market Pulse: IPO activities resume despite ongoing challengesOctober 04, 2019Volatile market conditions prompt for cautious guidance from company management as civil unrest continues to plague Hong Kong society.ChinaEquities/iwov-resources/aics/images/AICS/AIO/en/092019/190903_strategy_thumb_china_monthly_pulse.jpg/aics/templatedata/article/generic/data/en/GR/092019/190903_strategy_china_monthly_pulse.xmlMonthly Market Pulse: Cautiousness prevails amidst trade war escalationSeptember 03, 2019Civil unrest in Hong Kong continue to weight on its economy with expectations for GDP growth to fall to 0% for the year.ChinaEquities/iwov-resources/aics/images/AICS/AIO/en/082019/190815_strategy_thumb_hk_market_strategy.jpg/aics/templatedata/article/generic/data/en/GR/082019/190815_strategy_hk_market_strategy.xmlMarket Strategy: What if HK unrest ends?August 15, 2019

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The information herein is published by DBS Bank Ltd and PT Bank DBS Indonesia (collectively, the “DBS Group”). It is based on information obtained from sources believed to be reliable, but the Group does not make any representation or warranty, express or implied, as to its accuracy, completeness, timeliness or correctness for any particular purpose. Opinions expressed are subject to change without notice. Any recommendation contained herein does not have regard to the specific investment objectives, financial situation & the particular needs of any specific addressee. The information herein is published for the information of addressees only & is not to be taken in substitution for the exercise of judgement by addressees, who should obtain separate legal or financial advice. The Group, or any of its related companies or any individuals connected with the group accepts no liability for any direct, special, indirect, consequential, incidental damages or any other loss or damages of any kind arising from any use of the information herein (including any error, omission or misstatement herein, negligent or otherwise) or further communication thereof, even if the Group or any other person has been advised of the possibility thereof. The information herein is not to be construed as an offer or a solicitation of an offer to buy or sell any securities, futures, options or other financial instruments or to provide any investment advice or services. The Group & its associates, their directors, officers and/or employees may have positions or other interests in, & may effect transactions in securities mentioned herein & may also perform or seek to perform broking, investment banking & other banking or finan­cial services for these companies. The information herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Sources for all charts & tables are CEIC & Bloomberg unless otherwise specified.

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