【招银国际】【Economic Perspectives】China Economy–Weak growth calls for additional policy easing.pdf

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

China Economy: Weak inflation points to easing policy stance ahead

China Property Sector–NBS Oct data in line, Nov-Dec may continue to be weak on low buying sentiment

China Property Sector – Property+ Weekly： Weak construction resumption rate dragged by property

1H23E preview： Expect profit decline on weak coal price

Weak 1Q23 as expected; Expect multiple drivers from iPhone／CPU socket／400G／EV in 2H23E

China Economy – Weak PMIs confirm downside pressure for growth

Semi–China CIS sector–Solid auto CIS growth offset by weak mobile CIS demand

–1H23 preview：Better ASP to offset shipment weakness; Focus on demand recovery in 2H23E

–Weak revenue growth in the price; overseas growth story still intact