Research Analyst
Endeavour Tian is a Research Analyst with Rhodium Group's China Markets Research team, creating alternative datasets and indicators of stress in China’s financial system.
ChinaEndeavour also supports general research on China’s interbank market, debt market, and economic developments. Prior to joining Rhodium Group, Endeavour had internship experiences in trading and asset management sectors, which equipped her with financial market knowledge and techniques to analyze related datasets. Endeavour has a Bachelor’s degree in actuarial science from the University of Hong Kong.
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China’s “new” high-technology industries will not generate investment sufficient to power 5% GDP growth in the years ahead. New input-output tables released by the NBS show these industries remain too small relative to traditional sectors.
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Setting subsidies at fixed, nominal levels pushes consumers to buy lower-priced cars to get a bigger implied discount, which is pushing the industry toward intense competition at lower price points.
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Trade barriers and outright bans in major markets like the US threaten to stall export momentum for China's automakers. Slumping export growth will put pressure on Chinese automakers, potentially leading to industry consolidation.
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The allocation of capital for China's industrial policy—be it direct grants, credit, or PE-VC investment—does not necessarily follow the objectives announced in Beijing policies.
