【招银国际】–1H23 weakness in-line; Lower TP on slower demand recovery.pdf

China Economy – Inflation declines as aggregate demand remains weak

China Economy Confidence remained weak amid property slump and deflation

–1H23 weakness in-line; Maintain HOLD on fair valuation

1H23 Preview: expect weakness in-line; Back-end loaded in 2H23E

China Economy–Trade remains weak as base effect narrows its slump

China’s Economy-HSBC PMI Rebounds, Economy Continues Pattern of Weak Stability：June HSBC Flash PMI Commentary

Growth slows sharply as confidence remains weak

2H22 first take： weakness in-line; awaiting recovery

Weak 2H22 as expected; IoT／auto CCM poised to drive recovery in 2023

China Property Sector–NBS Oct data in line, Nov-Dec may continue to be weak on low buying sentiment