China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

[Blue Lotus China New Consumer Weekly, 11/52] Our First Read of Trumponomics

[Blue Lotus China New Consumer Weekly, 12/52] Choice of the Less Evil Between Trumponomics' Outcomes

[Blue Lotus China New Consumer Weekly, 7/52] Xi's Meeting with Ma Closed the Anti-Monopoly Chapter

[Blue Lotus China New Consumer Weekly, 9/52] New Home Sales Also Turned Positive YoY

[Blue Lotus China New Consumer Weekly, 8/52] Existing Home Recovers First Post CNY

[Blue Lotus Non-US Internet Weekly, 8/52]: Is JD's Entry to Catering Real or Just Posturing?

Blue Lotus China New Economy Research, Blue Lotus Research Institute

Eric Wen

Blue Lotus China New Economy Research

Thematic (Sector/Industry)

China Automobiles and components / Thematic (Sector/Industry)

<ul>
<li>The just concluded Two Sessions contained little surprises but the market shrugged it off. Have animal spirits offset China's structural economic issues?</li>
<li>China's EV sector grew 38% YoY in the first two months of 2025, above our annual target of 30%. We stick to our bullish view. 2024 grew 41% YoY;</li>
<li>MINISO explored spin off of its toy chain business. We maintain SELL rating on deteriorating China business.</li>
</ul>


The just concluded Two Sessions contained little surprises but the market shrugged it off. Have animal spirits offset China's structural economic issues?
China's EV sector grew 38% YoY in the first two months of 2025, above our annual target of 30%. We stick to our bullish view. 2024 grew 41% YoY;
MINISO explored spin off of its toy chain business. We maintain SELL rating on deteriorating China business.


[Blue Lotus China New Consumer Weekly, 10/52] Smart Trump or Dumb Trump? Part II