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Chinese economic momentum remained weak in December

20 Jan

GDP growth stabilised in Q4, but there were few signs of recovery at year-end, amid a further deterioration in funding for investment projects.

Chinese housing market shows signs of weakening

16 Jan

Sales data from the 42 cities monitored by China Confidential fell on both a MoM and YoY basis, raising concerns that home sales are starting to slow again. 

Local property bureau data shows December sales rise

06 Jan

Local property bureau data from 42 cities showed a sharp rise in new home sales in December.

Latest report

15 January 2015

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Consumer China

Supermarkets – increasingly slim pickings

Growth in bricks-and-mortar grocery retail sales is slowing, given weaker consumption growth and the rising challenge presented by e-commerce. As such, implementing effective distribution and online strategies is becoming increasingly important.

Walmart – restructuring unlikely to yield short-term improvement

Restructuring and lower-tier expansion are unlikely to result in a rapid improvement in fortunes for the US retailer’s China operations, given stiff competition and the growth of convenience stores and e-commerce.

Sun Art – challenges ahead for mass-market leader

Strong popularity in lower-tier cities has maintained Sun Art’s leadership of China’s grocery market. However, our surveys and the company’s sales figures suggest an increasingly challenging environment.

Yonghui – partnerships to boost fresh food specialist

Fresh food specialist Yonghui has recently agreed a series of strategic partnerships which should strengthen its supply chain, logistics and retail operations, and underpin continued double-digit growth in 2015.

China Resources Enterprise – Tesco integration poses challenges

While CRE remains a leading hypermarket/supermarket operator, drag on profits from its Tesco joint venture and intensifying competition are posing challenges for the firm.

Financial China

Setting the stage for trust defaults

Regulatory efforts over the past 18 months have reduced bank and local government exposure to trusts, while establishing an enhanced resolution framework. This should finally set the stage for full trust defaults to occur, perhaps starting in 3Q15.

Selected financial charts

A selection of key financial data over the past fortnight.

Capital Intensive China

China’s infrastructure financing puzzle

Beijing has signalled its intention to maintain infrastructure investment at elevated levels this year, but achieving this amid a slowdown in traditional sources of funding will require a reconfiguration of the infrastructure financing landscape.

Best of Chinese Commentators

Calling China’s real estate market in 2015

Analysts and industry participants debate the outlook for China’s housing market in 2015.

Chinese gold demand remains strong

Analysts and industry participants debate the outlook for gold purchases ahead of the peak Chinese New Year period.

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