The Big Call
There is no big bazooka, but Beijing and local governments are preparing a multitude of small boosters to deliver growth
For home appliance makers struggling amid weakening domestic demand and waning export orders, the government’s latest initiative to stimulate China’s slowing economy could hardly have come at a better time.
Strong growth of its downstream distribution business should enable Qingdao Haier to consolidate its leadership of China’s white-goods market
The new subsidy scheme should help to rekindle lacklustre domestic TV and refrigerator sales for Hisense
Our 1Q12 survey showed Samsung as the fifth most popular home appliance brand behind Haier, Sony, Siemens and Midea
Siemens’ advanced technology should ensure that its products qualify for the government’s upcoming energy-saving subsidy package
China's leading air-conditioner manufacturer should be a beneficiary of the government’s new subsidy scheme for energy-saving appliances
Best of Chinese Commentators
Beijing made a push to channel private capital into state-dominated sectors with a document issued by six ministries last week that allows private capital into areas such as rail, health and transportation. In these areas, private capital may partake in enterprise restructuring, joint investment projects with state-owned enterprises (SOEs) and offshore investments. The China Banking Regulatory Commission (CBRC) also allowed non-state companies to buy stakes of more than 20% in city commercial banks, rural credit co-operatives and rural commercial banks.
China’s International Economics and Trade Arbitration Commission (CIETAC) has ruled that Guangzhou Pharmaceutical (600332:SHA), the original trademark owners of popular herbal tea brand Wang Laoji, should henceforth own the rights to the trademark, rather than JDB Group, which has been producing Wang Laoji in its distinctive red can since 1997. JDB licensed the trademark from Guangzhou Pharmaceutical, in a deal that was extended until 2020, but the latter argued that its former vice president, Li Yimin, had taken bribes prior to signing those contracts. JDB has rejected the ruling, but in the meantime has launched a new herbal tea brand, Jia Duo Bao.
Renminbi Compass reflects key changes in the renminbi-denominated investment environment.
Providing research coverage on asset classes as diverse as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art and antiques, as well as its traditional equity fund research.
Renminbi Compass provides orientation for investors navigating the expanding universe of renminbi asset classes.