21 July 2026 | 7:19AM HKT Equity Research The 720: China Macro, Moutai, Mitsui Kinzoku, China Data Center Electricals, Kpop, Jindal Stainless, Eoptolink, Paytm, Global Views In Focus | China Macro China Matters – Time to Ease. We expect stronger easing rhetoric at the upcoming July Politburo meeting following a sharp deceleration in Q2 real GDP growth to 3.6% qoq annualized, which raises downside risks to the government's 4.5-5% full-year target. The slowdown reflects a negative fiscal impulse, Iran War dis ...