David Chao

David Chao

David Chao is a global market strategist (Asia Pacific) at Invesco, responsible for developing Invesco's view on the investment market and global economy, as well as providing strategic investment advice to financial professionals and clients in the region. He has over 15 years of experience in the financial industry across Asia Pacific and North American markets, and has provided advisory services to facilitate investments throughout Greater China and Southeast Asia.

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Latest from David Chao

Macroscope | US seeks to bolster tech prowess with return to state-led industrial policy

Washington is taking a leaf out of Beijing’s book by pouring state funds into technology development, with a focus on semiconductors. Yet, while both the US and mainland China are striving for greater self-reliance, catching up with Taiwan in advanced chip-making remains a challenge.

Washington is taking a leaf out of Beijing’s book by pouring state funds into technology development, with a focus on semiconductors. Yet, while both the US and mainland China are striving for greater self-reliance, catching up with Taiwan in advanced chip-making remains a challenge.

4 Aug 2022 - 4:54AM
Opinion | China’s economy faces headwinds, but don’t fear another 2015 crisis

While sharp depreciation is unlikely, short-term pressures on the yuan will remain as China’s economy tries to rebound from pandemic. Market watchers should keep an eye on China’s central bank and see how it tries to maintain support while also supplying monetary stimulus.

While sharp depreciation is unlikely, short-term pressures on the yuan will remain as China’s economy tries to rebound from pandemic. Market watchers should keep an eye on China’s central bank and see how it tries to maintain support while also supplying monetary stimulus.

12 Jun 2022 - 10:30PM
Macroscope | As China floods the economy with stimulus to boost growth, can it avoid US levels of inflation?

While the PBOC resisted following the Fed in enacting monetary easing at the start of the pandemic, it must now change course to meet its ambitious 2022 growth target of 5.5 per cent. As the Fed prepares to tighten policy to tackle high inflation, it may be a sign of things to come for Beijing.

While the PBOC resisted following the Fed in enacting monetary easing at the start of the pandemic, it must now change course to meet its ambitious 2022 growth target of 5.5 per cent. As the Fed prepares to tighten policy to tackle high inflation, it may be a sign of things to come for Beijing.

16 Mar 2022 - 1:30PM
Opinion | China’s shrinking, ageing population should drive its transition into a digital economy

Shifting demographics are not necessarily bad news for China, provided it continues to move away from manufacturing towards a more productive digital economy. Investment in services and technology, particularly those needed to support an ageing population, can ease workforce pressures and improve standards of living.

Shifting demographics are not necessarily bad news for China, provided it continues to move away from manufacturing towards a more productive digital economy. Investment in services and technology, particularly those needed to support an ageing population, can ease workforce pressures and improve standards of living.

5 Feb 2022 - 3:30AM
The View | Is China’s coal addiction getting in the way of its climate change goals?

Chinese policymakers face tough decisions as recent events have shown the country will still depend on coal for some time. There is still much to do, but substantial progress in the shift to renewable energy offers hope.

Chinese policymakers face tough decisions as recent events have shown the country will still depend on coal for some time. There is still much to do, but substantial progress in the shift to renewable energy offers hope.

20 Dec 2021 - 9:15AM
Macroscope | What do rising energy prices mean for inflation in China and the US?

While energy and commodity investments are a good hedge against inflation, recent prices are very high. It’s likely that the worst of the energy crisis is behind us in China, though the near-term outlook is less certain in the US and Europe.

While energy and commodity investments are a good hedge against inflation, recent prices are very high. It’s likely that the worst of the energy crisis is behind us in China, though the near-term outlook is less certain in the US and Europe.

28 Oct 2021 - 2:37AM
Macroscope | How China’s response to property woes could herald a bigger, better bond market

As Beijing tries to manage property market debt fears, the central bank has laid out a road map to create a high-yield bond market, a welcome development for investors and a sign of further opening up.

As Beijing tries to manage property market debt fears, the central bank has laid out a road map to create a high-yield bond market, a welcome development for investors and a sign of further opening up.

14 Oct 2021 - 2:06AM
Macroscope | The winners and losers as ‘common prosperity’ reshapes China’s economy

Improving the lot of the less well-off could boost consumption and drive capital towards ‘policy-friendly’ sectors such as electric cars and green energy. Most at risk are entertainment companies in gaming and live streaming, while those offering public services such as health or housing can expect greater scrutiny.

Improving the lot of the less well-off could boost consumption and drive capital towards ‘policy-friendly’ sectors such as electric cars and green energy. Most at risk are entertainment companies in gaming and live streaming, while those offering public services such as health or housing can expect greater scrutiny.

10 Sep 2021 - 2:30PM
Macroscope | Even with US ban on Xinjiang silicon, the future looks bright for China’s renewables

Washington’s ban may cause some near-term supply chain disruption for solar panels. But with Beijing’s carbon neutrality goal, solar and wind energy manufacturing and installation can only accelerate in China.

Washington’s ban may cause some near-term supply chain disruption for solar panels. But with Beijing’s carbon neutrality goal, solar and wind energy manufacturing and installation can only accelerate in China.

21 Jul 2021 - 2:30PM
Opinion | China’s census suggests property boom days may be over

Falling birth and marriage rates represent longer-term headwinds for the Chinese property market. Changes in access to investment products may also drive investors away from real estate as an asset class.

Falling birth and marriage rates represent longer-term headwinds for the Chinese property market. Changes in access to investment products may also drive investors away from real estate as an asset class.

26 May 2021 - 8:30AM
Macroscope | How China’s digital currency push can boost fintech and the yuan’s global presence

The digital yuan offers stability and convenience that most popular cryptocurrencies do not, offering businesses convenience and improved risk management. It can also simplify cross-border transactions and promote overseas circulation of the renminbi

The digital yuan offers stability and convenience that most popular cryptocurrencies do not, offering businesses convenience and improved risk management. It can also simplify cross-border transactions and promote overseas circulation of the renminbi

7 Apr 2021 - 4:48PM
Macroscope | In China’s vast and growing electric vehicle market, local brands have the edge

Tesla is about the only foreign electric vehicle maker making top sales in China amid intense local competition and price cuts. But with their focus on the domestic market, Chinese electric carmakers are unlikely to become global names any time soon.

Tesla is about the only foreign electric vehicle maker making top sales in China amid intense local competition and price cuts. But with their focus on the domestic market, Chinese electric carmakers are unlikely to become global names any time soon.

17 Feb 2021 - 10:44PM