Daily Brief Thematic (Sector/Industry): GEM Weekly (15 Jul 2022): Chinese GDP and more

In today’s briefing:

GEM Weekly (15 Jul 2022): Chinese GDP, South Korean Rates; Alibaba, Tencent, NetEase, SK Hynix
Japan Stock Commentary | Uniqlo, Yaskawa and Money Forward
China Healthcare Weekly (July.15)-7th VBP, Policy Correction Signs, Orthopedic Spine Consumables VBP

GEM Weekly (15 Jul 2022): Chinese GDP, South Korean Rates; Alibaba, Tencent, NetEase, SK Hynix

The Global Emerging Markets weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
Macro data points: Chinese inflation, GDP, industrial production, and retail sales; South Korean and Philippine interest rates
Companies mentioned:Alibaba Group (9988 HK), Tencent (700 HK), NetEase (9999 HK), SK Hynix (000660 KS)

We share weekly commentaries on stocks in our coverage that had a good or bad week
Fast Retailing was the standout performer, trading up 11% this week
Wooden spoons for Money Forward and Yaskawa, both lower after reporting earnings

The 7th National VBP released results. 60 kinds of drugs won the bidding successfully, with price reduction of 48% on average. We analyzed its impact on companies.
The newly issued document about the payment management measures for new technology out of CHS-DRG payment scope is a solid encouragement to innovation and an important policy reform signal.
The national centralized procurement of orthopedic spine consumables has officially started, which is beneficial to those leading companies with complete product line.

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