China Policy – Credit demand softens as economic recovery slows
China Consumer Sector – Strong recovery and sustainability during CNY
China Consumer Sector: Strong recovery and sustainability during CNY
China Internet – China online advertising: onset for gradual recovery in 2023E
China Property Sector–NBS Aug data in-line, expect better recovery in Sep-Oct but sustainability is uncertain
1Q23 dragged by higher investments and macro headwinds; Maintain BUY on 2H recovery
1H24E preview: Expect solid growth on iPad/iPhone cycle, Android recovery and NEV orders
Eyes on the recovery and risk-reward
Storing_CO2_through_Enhanced_Oil_Recovery
Both sales and margin recovery are on track