【招银国际】China Sportswear Sector – We expect prudent guidance but decent margins.pdf

CMS Strategy Weekly: Rate expectations see upward revision

Expecting an upbeat bottom line for 2Q results

Net profit 1H24 +2.7x YoY, beat expectations

China Economy: Exports continued to beat expectations with uncertainty ahead

Expect an improving trend after a weak 1Q24

Growth beat expectations with recovery underway

Expect strong growth to continue after the impressive 1H23; U／G to BUY

China Policy – Credit growth is expected to rebound in 2023

Is High Debt Constraining Monetary Policy? Evidence from Inflation Expectations

Expect strong sales in 2023 driven by the US approval of zanubrutinib in CLL