【光大证券】China’s Economy：Cash Accumulating At Corporate Level,Demand Was Weak For Lack Of Willingness To Invest --Review On November Credit Data.pdf

Strong demand to drive growth acceleration in 2025

Japan A mixed picture of demand through 2Q

Not All Energy Transitions Are Alike: Disentangling the Effects of Demand and Supply-Side Policies on Future Oil Prices

–Value is distressed but end demand is key

Capital Goods: Construction machinery sales in Sep: Decent export growth; weak demand in China

China Construction Machinery／HDT2024 Outlook： Slowdown of overseas demand along with lack of growth in China; be selective

–1H23 preview：Better ASP to offset shipment weakness; Focus on demand recovery in 2H23E

Overseas CXO/ life science upstream 2Q24 review: life science upstream continuing to expect demand recovery

Economics：TSF&CPI Missed Expectations，Property Demand Weakened

China Internet:Release of pent-up demand aids robust travel and consumption recovery