Asian currencies accelerated their depreciating trend recently. This report aims to understand this phenomenon and assess the associated risks.
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Le Xia
BBVA Research - Chief Economist
Dr. Le Xia is Chief Economist for Asia at BBVA Research. He joined BBVA in 2010.
He also serves as a research fellow in International Monetary Institute at Renmin University of China. Prior to joining BBVA Research, Dr. Xia worked for the Treasury Department of Bank of China (Hong Kong). The research fields of Dr. Xia include macroeconomics in Asia economies, financial development in the Asian region and the economic integration between China and other emerging markets.He obtained his PhD from the University of Hong Kong and has a master degree from Renmin University of China.Latest publications
Bank performance in 2023 was affected by a lackluster macro environment, primarily due to the downturn in the property market. Bank's housing sector exposure declining, but risks from local government financial vehicles remain concerning.
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We summarized the recent Chinese economic development as well as policy outlook in 2024. We also highlight the March 2024 "Two sessions".
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