Big data changes life

  Policymakers and investors often refer to battery, new energy vehicle (NEV) and renewable energy as the “New Three” of the Chinese economy, in comparison to the “Old Three” such as furniture, home appliance and clothing in Chinese exports; or property, infrastructure and processing trade in the overall economy. NEV and battery production, as well as renewable energy capex, have seen significant increases in recent years and are expected to continue growing rapidly in coming years, adding to headline GDP growth in China. 

  This year marks the tenth anniversary of China’s historic Belt and Road Initiative (BRI), an  ambitious global infrastructure platform to expand connectivity, economic integration, growth  and cooperation across the globe.  This report synthesizes the work of the Boston University Global Development Policy Center  (GDP Center) evaluating the promise of China’s overseas economic activity in general, and  the BRI in particular. Our policy-oriented research finds that the BRI has delivered significant  benefits to the countries that China has engaged with, but has also accentuated real risks for  China and host countries alike.

   Sales of legacy products to remain stable. CSPC has nurtured marketleading products in nervous system, oncology, anti-infective and  cardiovascular disease, etc. NBP, Duomeisu, Jinyouli, Keaili, and Xuanning  contribute to most of the Company’s product sales. NBP recorded sales  growth of 10.8% YoY in 1Q23, while pressures remain on the future sales of  NBP upon the launch of generics and NBP’s inclusion in centralized  procurement, which we think will take time. We expect the sales of NBP to  remain stable over the next two years. Jinyouli won the tender at the volumebased procurement of Guangdong Alliance in 2022, while CSPC is expanding  the coverage in prefecture-level markets to boost the drug’s sales. The sales  of Keaili may be under pressure due to the full implementation of the new VBP  prices across the nation in 2023, while a new version product (fast-dissolving  paclitaxel nanoparticles) is currently in Ph3 development. Overall, we expect  the sales of the legacy produc

  The "Chinese FDI in Spain: global outlook 2023" is a report elaborated by ICEX-Invest in Spain, in collaboration with the China Practice of KPMG-Spain, on the occasion of the 50th anniversary of the reestablishment of Spanish-Chinese diplomatic relations. The report provides an overview of the investments of Chinese-own companies established in Spain, as well as their assessment of the economic and business environment in Spain, growth prospects and future investments, among other issues. (September 2023)

  In 1944, the international community established a post-war reconstruction and economic cooperation mechanism with  the World Bank and the International Monetary Fund as the core. Since 1973, the World Bank has proposed the ‘twin  goals’ of eradicating global extreme poverty and promoting shared prosperity. During this period, China achieved great  economic development results. In 1978, China’s per capita GDP (current US$156.4) was less than one-third that of  Sub-Saharan Africa (current US$507.5). By 2022, China’s per capita GDP reached current US$ 12,720.2, making it  an upper-middle income country. Most countries in Africa are in a stage of low savings and low taxes and have low  income levels with limited fiscal capacity.

  Since the start of 2023, people’s willingness to  travel for leisure in mainland China has grown  stronger, while after the Chinese New Year festival  period business travel volume picked up rapidly.  Both these factors have contributed to a rebound  in performance in the general hotel market in  mainland China.

  As a global B2B pioneer, GCT formed a high barrier to market entry with supply  chain, end-to-end logistics and data-driven operations. We believe GCT would  be relatively resilient on macro uncertainty, and keep confident on its organic  GMV growth and solid profitability, backed by booming demand of cross-border  ecommerce and sellers & buyers expansion. Potential M&A would scale up its  1P&3P business, and bring further synergy in the long run, with improving margin  ahead. We initiate BUY with TP of US$17.2, for its attractive valuation (4.8x  FY23E P/E) and above-industry growth (22% earnings CAGR in FY23-25E), with  multiple catalysts to come.

  10 years after the announcement of the Belt and Road Initiative (BRI), cumulative BRI  engagement breached the USD 1 trillion mark (USD1.016 trillion), with about USD596  in construction contracts, and USD420 in non-financial investments

  In March 2023, PwC launched its second Chief Data Officers (CDO) Study. Ouranalysis shows a clear surge in CDO appointments among the world's 2,500largest publicly listed companies. To gain deeper understanding of the status of Chinese companies, weconducted a study of the 2,500 largest publicly listed companies in China, whichinvolved a thorough analysis of their latest annual reports with the aim of gaininginsights into the appointments of CDOs in these companies and their respectivedata management priorities Meanwhile, we also invited 86 leading Chinese companies to participate in ourChina CDO study, allowing us to deep dive the minds of prominent ChineseCDOs in specific areas concerning role positioning, work agenda, teamcapability building and culture development.

  Despite the tumultuous adjustments experienced in 2021 and 2022, luxury brands remain confident in the China market. The most telling data is that in just the first half of 2023, luxury brands have opened 150 new stores, including 48 different levels of flagship stores (source: Tong.Luxe.CO ).  Luxury brands are increasing their focus and investment in physical stores in the China market. At the same time, the consumption potential in cities and regions beyond the first-tier cities is emerging, injecting a strong boost to the development of luxury brands in the China market.  In terms of sales contribution and growth rate, the importance of the China market to the global luxury goods industry is self-evident. But more importantly, China is subtly reshaping various aspects of the global luxury goods industry from the present to the future.  Comparing this year's discussions and exclusive interviews Luxe.CO has had with the various luxury brand CEOs, they are now more directly add