All China articles
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White papersEmerging markets: Where do we go from here?
China’s myriad medium- to long-term issues present investors with a challenge. For bondholders in particular, the question of investibility in the world’s second-largest economy is a pressing concern. In this update we consider which other markets might offer an attractive alternative.
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White papersReal Estate Outlook – Global, Edition November 2023: Ongoing price adjustment
“Real estate capital values continue to edge lower, with the US lagging Europe, and APAC little impacted as Japanese interest rates remain on hold. Transaction activity remains muted while lending conditions have tightened. This is creating attractive opportunities for real estate-backed debt, such as bridging loans.”
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White papersChina: A giant in transition
For nearly 40 years, investors have seen China as a fast-growing, emergent economy, on its way to achieving middle-income status. More recently a different narrative has emerged, portraying China as stumbling badly, weighed down by excess debt and investment, an aging population, and the end of globalization. Investment Strategist Christy Tan and her colleagues believe the truth about China is neither as optimistic nor as pessimistic as is currently fashionable.
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White papersGlobal Investment Views - November 2023
Look out for growth, but with an eye on inflation
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White papersEmerging markets: Positive signs even as China slows
The post COVID-19 era has seen a reset in financial markets on many levels – interest rates, geopolitics and growth paradigms. It’s also led to a redrawing of the landscape for emerging markets (EM).
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White papersE-Trucking Policy and the Impact on Logistics Real Estate: A Four Country Comparison (U.S., Australia, China, Japan)
The adoption of electric vehicle cars has been on a strong growth trajectory, and the same trend is expected for electric trucking (e-trucking) in advanced economies over the coming decade. This paper reviews policies in four countries (U.S., Australia, China, Japan) that directly or indirectly incentivize the adoption of e-trucking and finds that the U.S. has some of the most extensive policies at the state and local level.
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Asset Manager NewsGCP announces RMB 1.75 billion of new capital raised for China value-add strategies
These transactions are among the select few offshore China logistics sector fund closings in 2023
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White papersISA Briefing: Key economic questions for China and Japan
We have been fielding questions on two big macroeconomic topics impacting the Asia-Pacific region: (1) the outlook for China’s economic recovery and (2) the path of the Bank of Japan’s monetary policy.
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White papersIn this late-cycle phase, how high could commodity prices fly?
We are probably at the end of an economic cycle. Several quarters before some form of ’landing’, a number of market mechanisms typically activate, including the relative outperformance of emerging-market assets, a rise in long-term interest rates and an increase in commodity prices. In this weekly instalment of Simply put, we focus on the future growth potential of commodity prices.
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PodcastBeyond China: The Emerging Markets Opportunity
What do emerging markets look like without China? Derrick Irwin and Joseph Dore discuss the emergence of EM (emerging markets) equity ex China.
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White papersIn search of silver linings
A stimulus package targeting China’s real estate sector offered some respite for Chinese stocks this week but choppy economic data made for a mixed picture.
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White papersIs China falling into deflation?
China’s headline consumer price index fell by 0.3% year-on-year in July to register deflation for the first time in two years. This figure raised concerns that falling prices would lead consumers to delay spending in an already weakening economy. However, in our view, the data is not a harbinger for prolonged deflation.
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White papersBeijing faces limited options to tackle economic woes
Many investors hoped that China’s re-opening following the end of zero-Covid would fuel a global rebound. But the country’s economy was in poor health before the pandemic.
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White papersFear and loathing in China?
As China’s economic woes mount, we outline the Federated Hermes Asia ex-Japan Fund’s positioning and outlook for the country.
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White papersNavigating China’s economic turbulence
As China’s economic woes mount, we outline the GEMs Fund’s positioning and discuss our outlook for the country.
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White papersShould investors fret over talk of China heading for a ‘balance sheet recession’?
China’s economy shows symptoms of a ‘balance sheet recession’, which can destroy wealth and confidence, force economic agents to cut spending, and create a debt deflation spiral and prolonged stagnation. So should investors worry?
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Asset Manager NewsGLP Capital Partners closes inaugural commingled clean energy strategy with RMB 4 billion in commitments
Significant dry powder to accelerate China renewable energy investment across solar, wind and energy storage infrastructure and related energy management solutions. Renewable energy is a secular trend supported by global efforts to combat climate change.
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White papersMid-Year Update – Getting the yield curve wrong
Many investors have been puzzled for most of this year by an inverted US yield curve, which along with economist forecasts and CEO surveys signals an impending recession. At the same time, the performance of risk assets suggests a much brighter outlook. Which is right and which is wrong?
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White papersEmbracing Change in Chinese Equity Markets: Q&A with John Lin, Chief Investment Officer—China Equities
The AB China A Shares Equity Portfolio has been focusing on China onshore stock exchanges since the strategy was launched in 2009. In this brief interview, portfolio manager John Lin explains how the fund’s consistent, value-driven approach has helped the portfolio navigate this highly complex and fast-evolving market.
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Asset Manager NewsChina Income Fund VIII closes with RMB 2.6 billion of equity commitments
GCP has raised capital from over 90 domestic and global investors for its China strategies and manages over USD 58 billion AUM in China collectively. CIF VIll seeded with 870,000 sqm of assets located across key logistics hubs.
