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

SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War

[Blue Lotus Daily]:1347HK/ACMR/1810HK/BIDU/175HK/1211HK/NIO/XPEV/TSLA/LI/2150HK/1519HK/ZTO/1810HK

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

China New Economy Equity Analyst, Blue Lotus Research Institute

Robert McKay

China New Economy Equity Analyst

Thematic (Sector/Industry)

Iran Wireless telecommunication services / Thematic (Sector/Industry)

<ul>
<li>Despite wide-spread social media expectations of China's electronics industry benefiting from Middle East supply chain disruptions following explosive incidents, September trade data suggested otherwise;</li>
<li>Middle East exports declined 2.1% yoy, underperforming other regions, while electronics were worse, declining 7.0% yoy. Communication device exports to Iran, Palestine and Lebanon were among the worst performing categories;</li>
<li>This suggests terrorist related trade was a negligible portion. As customs data are two-way verifiable, we believe we can safely conclude China doesn't benefit from the war in Mid East.</li>
</ul>


Despite wide-spread social media expectations of China's electronics industry benefiting from Middle East supply chain disruptions following explosive incidents, September trade data suggested otherwise;
Middle East exports declined 2.1% yoy, underperforming other regions, while electronics were worse, declining 7.0% yoy. Communication device exports to Iran, Palestine and Lebanon were among the worst performing categories;
This suggests terrorist related trade was a negligible portion. As customs data are two-way verifiable, we believe we can safely conclude China doesn't benefit from the war in Mid East.


Semiconductor Manufacturing International Corp (SMIC) (981 HK)

Semiconductor Manufacturing International Corp (SMIC)

Did China Exports Really Benefit from the Israel/Lebanon Pager Attack?