Asia Has Got New Shoes

Singaporean DBS delivers its quarterly Asian story today. There are a lot of nice charts that tell the hope. Click on charts to enlarge, courtesy of DBS.

This one is quite interesting, especially if you keep in mind the Chinese "cash for wash-machine" initiative.

A bit curious about this, as Chinas fixed asset investment is supposed to be falling since mid-2009.

At the same time local governments have been leveraging up heavily?

By the way, try to get the Chinese story on the same line with the one drawn by CLSA Asia-Pacific Markets!