Big data changes life

  Following the gradual lifting of anti-pandemic measures in December 2022, China’s economy has begun to pick up. 70% of respondents expect their business to improve over the next three years, while 25% of respondents anticipate their business to improve significantly. Some 59% of respondents intend to increase their warehouse space in the next three years. 11% of respondents intend to increase their warehouse space by more than 30% over the next three years, well behind the 36% who stated their intention to do so in the previous survey conducted in 2021. 82% of respondents intend to expand their footprint in tier I city clusters, a substantial increase from the previous survey’s 55%. Tier I city clusters continue to play a key role as logistics hubs for consumption, manufacturing, and trade, and command a significant advantage over smaller cities. Respondents identified economic uncertainty (79% ), cost escalation (77%), and geopolitical and supply chain issues (52%) as the key challe

  Guided by Xi Jinping Thought on Socialism  with Chinese Characteristics for a New Era, we will  implement the new strategy of “Four Revolutions  and One Cooperation” for energy security develop - ment, and accelerate the construction of a new  energy system to support the realization of carbon  peaking and carbon neutrality goals. In terms of  energy, the in-depth integration of the energy revo - lution and digital technologies is being applied  across the board, to the extent that we're embrac - ing a new era of "digital energy". This is of great sig - nificance to enhance the core competitiveness of  the energy industry and promote the high-quality  development of energy.   In recent years, Shenzhen, as a core engine city  of Guangdong-Hong Kong-Macao Greater Bay Area  (GBA) and a pilot demonstration area of socialism  with Chinese characteristics, has thoroughly imple - mented the innovation-driven development strategy  and injected great impetus to the construction

  The global industrial chain has emerged during the process of economicglobalization, in which enterprises from various countries cooperate in a specializeddivision of labor according to the market economy principles of efficient and freemovement of production factors and optimizing resource allocation. This is in line withthe trends of economic and social development. Currently, the world isundergoing “the significant transformation that has not been seen in a century”, withthe profound impact of the pandemic and the convergence of multiple challenges andcrises. Economic globalization is facing headwinds, and the security and stability of theglobal industrial chain are at risk. Maintaining the resilience and stability of the globalindustrial chain is essential for driving global economic development and is in thecommon interest of people around the world. The Chinese government places a high priority on the resilience of industrial andsupply chains. The 20th National Congress of the

  China’s pharmaceutical market presents an immense opportunity for  pharmaceutical companies from home and abroad. With a vast population,  significant unmet clinical needs, and a rapidly improving regulatory and market  access environment, international pharmas have strategically expanded to China  to invest in this dynamic market. Over the past four decades, these companies  have made substantial investments, introduced hundreds of innovative medicines,  and played a pivotal role in advancing the Chinese pharmaceutical industry.  This L.E.K. Special Report explores the strategic opportunities available in  China for international pharmas. It explores the changing landscape of the  pharmaceutical market, examining how MNCs (Multinational Corporations)  have adapted to the “new normal”, fueled innovation, and embraced digital  transformation. Additionally, the report sheds light on China’s increasing  contributions to global innovation, offering a compelling reason for international  

In 2022, UNCTAD published the volume of “China’s Structural Transformation: What can developing  countries learn? “. The purpose of the volume was to facilitate peer learning among countries in the  Global South by sharing policy experiences. That publication examined diverse policy aspects including  macroeconomic framework, trade, industrialization, digital transformation and debt management,  shedding light on the factors contributing to China’s economic transformation.   Nevertheless, there exists another dimension of China’s story. The rapid industrialization and urbanization  have resulted in resources and environmental challenges for the country, which calls for the transformation  of development strategies. Currently, China is the world’s largest emitter but has committed to peak  emission by 2030 and reach carbon neutrality by 2060. Considering China’s income level, economic  structure, energy mix and the economic growth, achieving the goals poses significant challenges. What

  Revenue expectations stable: With the end of zero-Covid, 52% of respondents expect their revenue to beat 2022’s. This rate was highest —  74% — for retail companies, which suffered significantly during last year’s restrictions. The percentage of companies expecting China revenue  growth to outpace global growth dropped 7 percentage points (pp) to 40%. However, the retail sector was relatively optimistic on this metric,  with 57% of retail companies expecting China revenue growth to outperform worldwide growth compared to only 41% for manufacturing and  31% for services.  Financial metrics plummet: A record-low percentage of respondents, 68%, were profitable in 2022 after city-wide closures and intermittent  lockdowns struck a deep blow to operations. Only 49% saw revenue increase in 2022 compared to the prior year, a 27-pp drop from last year’s  survey, while just 37% reported margin increases — down 17 pp year-over-year.  Five-year optimism at a record low: Just 52% of respondents a

  Due to socioeconomic development and rapid urbanization, the automotive market in China has experienceoexponential growth over the past three decades. This remarkable surge in motorization serves as a testamentto China's thriving economy. Since 2009, China has held the position as the largest automotive market qloballyand in 2013, it became the first country to exceed annual sales of 20 miion new vehicles. In terms of totalvehicle population, China overtook the United States of America in 2021, solidifying its leading position. Whilerapid motorization contributes to industrial and social development by enhancing travel convenience, it alsopresents substantial challenges concerning air quality, public health, energy security, and climate change.

Care work is of growing importance to China’s economic and social development. From the demand  side, demographic change, prolonged life expectancy and population aging, together with policy  adjustments such as the relaxation of the “one-child  policy”, create an increased need for care provision  and services. In terms of supply, Chinese households  have become smaller, and the dependency ratio has  risen (that is the share of working-age population has  declined), resulting in reduced capacity of families  to provide care for their members. At the same time,  the emerging paid care sector remains fragile. This  mismatch between demand for and supply of care  services is reflected in the heavy burden of unpaid  care work undertaken within the household – work  which is largely undertaken by women. The COVID-19  pandemic has highlighted the close connection between paid and unpaid care work and its impact on  women’s employment.  

  The changing world has prompted a  questioning of our traditional ways of living  over the last few years, with many employees  globally now working remotely and spending  a greater period of their time living within a  few kilometres of their homes.  

  China Longyuan (CLY) reported revenue of RMB28.097bn for 1Q-3Q23,  experiencing a 7.00% YoY decrease. However, its net profit saw a notable  increase of 18.95% YoY to RMB6.379bn thanks to a rapid rise in newly added  installed capacity of wind and solar power and lower operating costs.  Additionally, CLY is actively focusing on “substitution of large for small" of  wind turbine its old wind turbines to enhance long-term results and is actively  engaged in green electricity and certificate trading. The coverage of China  Longyuan-A is transferred to us, and we assign a TP of RMB23.28 with a  BUY rating.

  Chinese outbound travel has restarted, and major international travel industry events  are returning to the country. In this first year of post-pandemic recovery, what is the  mood among Chinese travel agents? For overseas destinations and travel suppliers,  what is the best way to work with the trade in 2023, and which products are most in  demand? Between 7 June-3 July 2023, Dragon Trail Research explored these  questions in a survey of mainland Chinese outbound travel agencies.