【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

–Clear growth path on resilient travel demand

–1H23 weakness in-line; Lower TP on slower demand recovery

Promising demand boding well for 2025

The Division of Revenues from Unexpected Demand Shocks

China Policy–New loans slumped as capex demand weakened

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

Managing Competing Sectoral Demands for Energy Resources

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

China Economy: Deflation mildly alleviated while consumer demand remained weak

Better Demand Planning: How Finance Can Lead Its Successful Transformation