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Report: ML September Strategy

You will be able to download all slides in power point for this report
and all data is available excel



China markets in focus


China has not had an economic crisis since 1978 reforms


Even in 2008 China recorded above growth above 9%


And to all surprise even in 2020 China real growth was positive


Looking at China macro statistics is difficult


Any trend in China stats is always up


If there was a drop in second quarter of 2020 in any China indicator


The chart will show symmetrical rise for third quarter of 2020 in China stats


In 2020 it was the closest that China has been to an edge of economic crisis


China economy grew 2.3% in 2020 in real terms


China recorded growth rate in 2020 that was less than half its average growth


And last but not least are global inflation rates


Most developed countries would be happy to record similar growth even in normal year


There is not a single China economic measure that is in decline compare to 2019 except China inflation


Inflation worries most developed countries in 2021 while China inflation is tiny in 2021


There is probably no use in predicting and China economic crisis


Debt problems of China SOE


Cracking on China private sector


Or banning crypto in China, there will be only positive effect on China stats


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