The Big Call
Our surveys and grassroots research show that China’s service sector is posting robust growth this year, infusing the economy with resilience to the slowdown.
Leading multinationals dominate China’s $28bn cosmetics industry, and are localising and diversifying in a bid for a greater share of this increasingly lucrative market
The French cosmetics giant’s extensive brand line-up and strong mainland production and distribution networks have enabled it to become the largest cosmetics and skincare maker in China
The US cosmetics maker is planning to launch its first Asia-focused brand and expects strong sales in China to support top-line growth in FY13
A greater contribution from higher-end cosmetics products has lifted gross margins for China’s leading domestic cosmetics maker
Hong Kong-listed French cosmetics maker L’Occitane plans to continue tapping into growing demand for natural beauty products in mainland China
Recent anti-Japanese protests have seen a marked decline in popularity for cosmetics maker Shiseido in China according to our recent survey, but we expect the impact to be temporary
The world’s largest consumer goods company is attempting to appeal to younger cosmetics buyers in a bid to stem market-share loss for leading skincare brand Olay
Low pig prices, muted rural lending growth and slow tractor sales dragged the China Confidential Rural Wealth Creation Index down 0.8pp to 50.2 in August, but underlying strength in the rural economy remains intact
A surge in accounts receivable has resulted in rapid overdue loan growth, pointing to a pile-up of triangular debts among both state and private firms that could cause considerable damage to the banking system
Capital Intensive China
Developers are branching out into holiday homes and retirement communities, but while both sectors offer short-term profits, they also present significant but different risks
With the 18th Party congress set to get underway in November, the most likely outcome is a compromise on policies and personnel between rival groups
Best of Chinese Commentators
Leading commentators discuss the issues at play around former Chongqing Communist Party secretary Bo Xilai's impending trial
China’s new five-year plan for the financial sector pledges to push forward with the liberalisation of interest and exchange rates, as well as capital account convertibility
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.