Report archive
28 June 2012
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A slow quarterThe Big Call
Caution over steel
A confluence of factors from overcapacity to declining margins and the potential decline of steel as a form of collateral are clouding the outlook for steel firms
Consumer China
Beer – let high-end battle commence
While the battle for leadership of the world's largest beer market over the past decade has been fought at the low end of the market, the stage looks set for a new contest between domestic and foreign brewers in the high-end and premium segment
Carlsberg – westward ho!
Continued dominance of fast-growing western provinces should help the Danish beer-maker to continue to grow revenue and sales in China
AB InBev – Taking on the locals
Aggressive expansion and strong high-end positioning should help the world’s largest brewer to capture further market share in China, making it a strong challenger to domestic beer-makers
Yanjing Brewery – going out into the provinces
Despite sluggish 1Q12 results, Beijing-based beer-maker Yanjing is continuing to expand its market share outside of its core home markets
Tsingtao Brewery – pumping up the volume
A focus on boosting mass-market volume growth has seen Tsingtao outpace rivals in terms of sales, but it risks sacrificing its high-end market share to foreign rivals
China Resources Snow Breweries– Positive sales, negative profits
China’s best-selling beer-maker is continuing to struggle to translate market leadership into profits
Financial China
Chinese banks – lower profits, waning risks
Chinese bank profits are likely to slow further in 2H12, but bank default risks are also waning. How will investors react?
Selected financial charts
A selection of key financial data over the past fortnight
Capital Intensive China
Bubble trouble looms for commercial property
Overbuilding and imprudent investments bedevil the outlook for commercial and mixed-use property in some parts of China
Best of Chinese Commentators
China seeks IMF votes for cash pledge
Chinese academics and commentators have debated the country's recent pledge of $43bn towards IMF recapitalisation, in return for the Fund delivering on a 2010 pledge to grant developing nations additional quota share and voting rights.
Evergrande – fraud or not?
Chinese property developer Evergrande’s furious reaction to a scathing report by a US-based short seller has sparked intense discussion in China
Latest report
16 May 2013
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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.
