The Big Call
Ambitious spending plans announced by local governments may boost investment at the margin, but financing fatigue is likely to preclude a sharp GDP growth rebound this year
While many consumer industries are slowing expansion in the face of a slowdown in demand and economic activity, the business pulse is quickening across China’s budget-hotel sector
Jinjiang continues to lose market share to fast-growing rivals, but its large proportion of franchised hotels and popularity among wealthier travelers enables it to enjoy higher margins and revenue per available room
China Lodging Group has expanded rapidly without sacrificing revenue or occupancy rates, and should be strengthened further by the acquisition of mid-range chain Starway Hotels
A recent strategic shift towards an asset-light franchise model should drive rapid expansion and revenue growth for China’s second-largest economy hotel operator
The acquisition of Motel 168 has ramped up short-term costs for China’s leading budget-hotel operator, but should boost its long-term prospects
Declining tractor sales, weak vehicle sales and a slowdown in migrant worker remittances dragged the China Confidential Rural Wealth Index down 1.4pp in July
Village banks are a new frontier in Chinese banking, open to private and foreign capital and tapped in to a buoyant segment of the economy
Capital Intensive China
While recent price increases suggest a rebound in China's property market, lacklustre recent sales in August so far and signs that mortgage rates may be starting to rise suggest a muted autumn
Best of Chinese Commentators
A price war between some of China's largest online retailers has sparked criticism and debate among commentators and consumers alike
A number of Chinese provinces missed their 1H12 fiscal revenue targets, raising concerns about the impact on local government finances and fixed-asset investment
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.