【招银国际】China Economy–Deflation may gradually alleviate after credit loosening.pdf

Deflation continues with gradual improvement ahead

China Internet – China online advertising： onset for gradual recovery in 2023E

Gradual revenue and margin recovery in FY23

FY22 largely in-line; Gradual recovery on track

Exports to gradually improve in 2024

China Internet: China online advertising: onset for gradual recovery in 2023E

1Q23 results beat and gradual recovery is likely

Acceding Countries’ Gradual Integration into the EU Single Market

China Economy – Economy further weakens with gradual policy easing ahead

Near term challenges should fade into gradual recovery