Resilient travel consumption to continue
Seazen: IPs continue to matter
Expect strong growth to continue after the impressive 1H23; U/G to BUY
China Economy: PMI contracted as policy easing continued
China Consumer Staples:Divergence continues
China Economy: Continued expansion of exports
Short-term headwind continues
–Upbeat margin to continue
China Economy: PMI contraction indicates continuous policy easing in 2024
Auto: Discounts continue to widen despite some OEMs’ intention to exit price war