Report archive
23 August 2012
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Talking a good gameThe Big Call
No sharp rebound
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
Consumer China
Budget hotels – more rooms at the inn
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 International Hotels – losing market share
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 – Starway to heaven
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
7 Days Group – franchise model to drive rapid expansion
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
Home Inns – acquisition weighs on bottom line
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
Rural China
Slowing remittances, tractor sales challenge rural sector
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
Private capital flows into rural banks
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
Financial China
China takes aim at shadow finance
Regulators signal a reining in of the shadowy trust industry, raising risk premiums for trust products
Selected financial charts
A selection of key financial data over the past fortnight
Capital Intensive China
Peak season approaches
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
Online retailers wage price war
A price war between some of China's largest online retailers has sparked criticism and debate among commentators and consumers alike
Provinces miss fiscal revenue targets
A number of Chinese provinces missed their 1H12 fiscal revenue targets, raising concerns about the impact on local government finances and fixed-asset investment
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