Logo 02 Sep 2022

China’s looming destocking cycle: Are investors ready?

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Exec sum:

China’s fragile economic recovery has been unbalanced and driven in large part by the supply side. H1 2022 industrial activity grew by a (comparatively) healthy 3.4% y/y, compared with a measly 1.8% y/y growth in the services sector, and a downright depressing retail sector, with sales sh...