【招银国际】China Economy: Weak exports support further policy easing.pdf

Expect an improving trend after a weak 1Q24

2H22 first take： weakness in-line; awaiting recovery

China Economy Weak credit demand calls for easing policy

Apple FY1Q23 miss on macro and supply chain issues; Expect weakness to persist in near term

Weak 2H22 as expected; IoT／auto CCM poised to drive recovery in 2023

China Economy – Inflation is too low as demand remains weak

China Economy: Deflation mildly alleviated while consumer demand remained weak

1H23 Preview: weak revenue amid industry headwinds; expect smartphone recovery in 2H23E

-香港--HKEX -388 HK- Resilient performance in weak market-221019

【Economic Perspectives】China Economy–Weak growth calls for additional policy easing