Morgan Stanley Fixed-Morgan Stanley Global Macro Forum China – Year of the Long ...-106205539

MorganStanleyResearchGlobalJanuary29,202412:27PMGMTMorganStanleyGlobalMacroForumMinDaiisafixedincomeanalystandisnotopiningonequitysecurities.RobinXingandChetanAhyaareeconomistsandareChina–YearoftheLongRecoverynotopiningonanysecurities.Theirviewsareclearlydelineated.January29,2024MorganStanleydoesandseekstodobusinesswithcompaniescoveredinMorganStanleyResearch.Asaresult,investorsSerenaTang–GlobalHeadofCross-AssetStrategyStrategistshouldbeawarethatthefirmmayhaveaconflictofinterestthatMORGANSTANLEY&CO.LLCcouldaffecttheobjectivityofMorganStanleyResearch.InvestorsshouldconsiderMorganStanleyResearchasonlyaRobinXing–ChiefChinaEconomistsinglefactorinmakingtheirinvestmentdecision.ChetanAhya–ChiefAsiaEconomistLauraWang–ChiefChinaEquityStrategistEquityStrategistForanalystcertificationandotherimportantdisclosures,MinDai–HeadofAsiaMacroStrategyStrategistrefertotheDisclosureSection,locatedattheendofthisMORGANSTANLEYASIALIMITED+report.JonathanGarner–ChiefAsiaandEmergingMarketEquityStrategistEquityStrategist+=Analystsemployedbynon-U.S.affiliatesarenotregisteredwithFINRA,maynotbeMORGANSTANLEYASIA(SINGAPORE)PTE.+associatedpersonsofthememberandmaynotbesubjecttoFINRArestrictionsoncommunicationswithasubjectcompany,publicappearancesandtradingsecuritiesheldbyaresearchanalystaccount.RobinXingChiefChinaEconomistTheLongestDeflat...