Table of Contents
China Overview ................................................................................. 3
Key Themes ........................................................................................ 5
Economic Outlook ........................................................................... 10
Fixed Income Strategy .................................................................... 16
FX strategy ....................................................................................... 18
Credit strategy ................................................................................. 21
CNH Market Monitor ....................................................................... 28
Chart Pack ........................................................................................ 33
CNH bond issuance and total return monitor ............................... 35
Onshore fixed income monitor ....................................................... 36