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Macro

Leaders’ comments raise prospects for 2H12 rebound

16 July 2012

National leaders urged extra efforts to boost economic growth following news that state-owned-enterprises’ (SOEs) profits slumped and railway investment dwindled in 1H12. We think the leaders’ words reinforce the likelihood that new stimulus measures are set to be announced and that their combined effect will help drive economic growth to a modest rebound in 2H12 (CC July 12 Macro View).

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Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.