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Hi there!
Featured This Month:
Global Automotive 2020: Another lost year
The rise in APVs is not yet strong enough to support a
rebound of the global automotive market in 2020. We expect the latter
to experience another decline in volume terms in 2020 (-1%) after a
noticeable contraction in 2019 (-4%).
The rise in EV sales will still represent a limited number of vehicles
in 2020, with 2.5 mn i.e. a 3% market share. At the same time, the
prolonged wait-and-see attitude towards EVs will partly weigh on non-EV
sales – and increase the average age of the fleet of vehicles on the
roads.
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China: The slowdown is managed, but not over
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China’s GDP growth came in unchanged at
+6.0% y/y in Q4.
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U.S.-China trade deal: De-escalation
confirmed
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The U.S. and China officially signed a
“Phase 1” trade deal.
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Taiwan election: Decoupling from China
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Tsai
Ing-wen reelected as president of Taiwan on 11 January.
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China: Monetary policy was eased again
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The
PBOC announced a 50bp cut in the Reserve Requirement Ratio.
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Introduction
