Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Economy/ Billionaires/ P2P Crackdown/ Digital Yuan/ US-China

A Left-Field Thought: Will Rising Chinese Liquidity Trigger A World GDP Boom in 2021?

RCEP/ Defaults/ Rentals/ Vaccines/ US-China

China Onshore Credit: Update on the China Government Bond Market

China Onshore Credit: 1Q20 Default Aren't that Bad-Looking, But......

China Bond Defaults/Trade Truce or Not/Geopolitical Tension/Birth Control/Blockchain

China Onshore Credit: Bravo! 2Q20 Default Figure Better than Expected

China Infrastructure: Record Special Purpose Bonds Issuance to Drive Construction Sectors in 2H20

Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Macroeconomics

<p style="text-align: justify;"><a href="https://www.smartkarma.com/entities/china-treasury" target="_blank" data-smartkarma-citation="entities:22879:1" rel="noopener">China Treasury (CHINA GOVT)</a> ’s Q3 GDP data on 19 October show that the China economy is still in process of a weak recovery. EXHIBIT 1 shows that the Chinese economy grew at 4.9% in Q3, 2020, almost reaching its pre-COVID-19 level. In our view, China may be the only major economy in the world that will experience positive growth in 2020. The Chinese consumers in September for the first time spent on (real) consumption more than last year.</p>

China Treasury (CHINA GOVT) ’s Q3 GDP data on 19 October show that the China economy is still in process of a weak recovery. EXHIBIT 1 shows that the Chinese economy grew at 4.9% in Q3, 2020, almost reaching its pre-COVID-19 level. In our view, China may be the only major economy in the world that will experience positive growth in 2020. The Chinese consumers in September for the first time spent on (real) consumption more than last year.

CHINA: Recovery Vs. Rising Systemic Risk