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	<title>Emerging &#8211; RFR</title>
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	<link>https://richesflores.com</link>
	<description>GLOBAL MACRO AND THEMATIC INDEPENDENT RESEARCH</description>
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	<title>Emerging &#8211; RFR</title>
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	<item>
		<title>Marchés émergents : de l’attraction aux risques, selon trois scénarios</title>
		<link>https://richesflores.com/2026/02/20/marches-emergents-de-lattraction-aux-risques-selon-trois-scenarios/</link>
					<comments>https://richesflores.com/2026/02/20/marches-emergents-de-lattraction-aux-risques-selon-trois-scenarios/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 20 Feb 2026 18:42:38 +0000</pubDate>
				<category><![CDATA[Emerging]]></category>
		<category><![CDATA[HEBDO]]></category>
		<category><![CDATA[STRATEGIE D'INVESTISSEMENT]]></category>
		<category><![CDATA[Capex]]></category>
		<category><![CDATA[croissance]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[EM]]></category>
		<category><![CDATA[exportateurs biens]]></category>
		<category><![CDATA[Exportateurs de MP]]></category>
		<category><![CDATA[Pétrole]]></category>
		<category><![CDATA[Scénarios]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=21664</guid>

					<description><![CDATA[L’engouement des investisseurs pour les marchés émergents ne s’est pas démenti ces...]]></description>
		
					<wfw:commentRss>https://richesflores.com/2026/02/20/marches-emergents-de-lattraction-aux-risques-selon-trois-scenarios/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Les « Dragons » d’Asie prêts pour un grand retour</title>
		<link>https://richesflores.com/2025/11/28/les-dragons-dasie-prets-pour-un-grand-retour/</link>
					<comments>https://richesflores.com/2025/11/28/les-dragons-dasie-prets-pour-un-grand-retour/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 28 Nov 2025 10:26:01 +0000</pubDate>
				<category><![CDATA[Commerce mondial]]></category>
		<category><![CDATA[Countries/Regions]]></category>
		<category><![CDATA[Emerging]]></category>
		<category><![CDATA[HEBDO]]></category>
		<category><![CDATA[Investissement mondial]]></category>
		<category><![CDATA[Non-Specified]]></category>
		<category><![CDATA[Asie Sud Est]]></category>
		<category><![CDATA[corée]]></category>
		<category><![CDATA[Dragons]]></category>
		<category><![CDATA[HK]]></category>
		<category><![CDATA[IA]]></category>
		<category><![CDATA[Singapour]]></category>
		<category><![CDATA[Taïwan]]></category>
		<category><![CDATA[Technologie]]></category>
		<category><![CDATA[Thaïlande]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=21420</guid>

					<description><![CDATA[Avant que la Chine n’entre dans l’OMC au début du siècle, il...]]></description>
		
					<wfw:commentRss>https://richesflores.com/2025/11/28/les-dragons-dasie-prets-pour-un-grand-retour/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Le Vietnam, bouc émissaire, de la guerre commerciale sino-américaine</title>
		<link>https://richesflores.com/2025/07/03/le-vietnam-bouc-emissaire-de-la-guerre-commerciale-sino-americaine-usa-chine-vietnam-pmi-asie-tarifs-conjoncture/</link>
					<comments>https://richesflores.com/2025/07/03/le-vietnam-bouc-emissaire-de-la-guerre-commerciale-sino-americaine-usa-chine-vietnam-pmi-asie-tarifs-conjoncture/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Thu, 03 Jul 2025 14:48:25 +0000</pubDate>
				<category><![CDATA[Chine]]></category>
		<category><![CDATA[CONJONCTURE ]]></category>
		<category><![CDATA[Emerging]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=20971</guid>

					<description><![CDATA[Les derniers PMI le confirment, l’Asie résiste aux pressions commerciales. Et pour...]]></description>
		
					<wfw:commentRss>https://richesflores.com/2025/07/03/le-vietnam-bouc-emissaire-de-la-guerre-commerciale-sino-americaine-usa-chine-vietnam-pmi-asie-tarifs-conjoncture/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Les marchés rattrapés par les données chinoises… sauf les matières premières</title>
		<link>https://richesflores.com/2021/10/18/les-marches-rattrapes-par-les-donnees-chinoises-sauf-les-matieres-premieres-pib-chine-conjoncture-consommation-production-covid-investissement-dette/</link>
					<comments>https://richesflores.com/2021/10/18/les-marches-rattrapes-par-les-donnees-chinoises-sauf-les-matieres-premieres-pib-chine-conjoncture-consommation-production-covid-investissement-dette/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 18 Oct 2021 20:05:10 +0000</pubDate>
				<category><![CDATA[China]]></category>
		<category><![CDATA[CONJONCTURE ]]></category>
		<category><![CDATA[Sur le vif]]></category>
		<category><![CDATA[Chine]]></category>
		<category><![CDATA[Pétrole]]></category>
		<category><![CDATA[pib chinois]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=15297</guid>

					<description><![CDATA[Ça ne s’arrange pas du côté de l’Empire du milieu : la croissance...]]></description>
		
					<wfw:commentRss>https://richesflores.com/2021/10/18/les-marches-rattrapes-par-les-donnees-chinoises-sauf-les-matieres-premieres-pib-chine-conjoncture-consommation-production-covid-investissement-dette/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>À 0,6 % au T1, la croissance chinoise est la plus faible hors Covid depuis 1999</title>
		<link>https://richesflores.com/2021/04/16/a-06-au-t1-la-croissance-chinoise-est-la-plus-faible-hors-covid-depuis-1999-chine-pib-ventes-consommation-production-reprise-covid/</link>
					<comments>https://richesflores.com/2021/04/16/a-06-au-t1-la-croissance-chinoise-est-la-plus-faible-hors-covid-depuis-1999-chine-pib-ventes-consommation-production-reprise-covid/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 16 Apr 2021 09:37:57 +0000</pubDate>
				<category><![CDATA[China]]></category>
		<category><![CDATA[CONJONCTURE ]]></category>
		<category><![CDATA[coronavirus]]></category>
		<category><![CDATA[pib chinois]]></category>
		<category><![CDATA[production chinoise]]></category>
		<category><![CDATA[ventes de détail chine]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=14530</guid>

					<description><![CDATA[On pouvait s’en douter, les données chinoises du jour donneraient le tournis...]]></description>
		
					<wfw:commentRss>https://richesflores.com/2021/04/16/a-06-au-t1-la-croissance-chinoise-est-la-plus-faible-hors-covid-depuis-1999-chine-pib-ventes-consommation-production-reprise-covid/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Le « formidable » rebond de la Chine oublie ses consommateurs sur le bas-côté</title>
		<link>https://richesflores.com/2021/03/15/le-formidable-rebond-de-la-chine-oublie-ses-consommateurs-sur-le-bas-cote-chine-vente-consommation-production/</link>
					<comments>https://richesflores.com/2021/03/15/le-formidable-rebond-de-la-chine-oublie-ses-consommateurs-sur-le-bas-cote-chine-vente-consommation-production/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 15 Mar 2021 11:09:37 +0000</pubDate>
				<category><![CDATA[China]]></category>
		<category><![CDATA[CONJONCTURE ]]></category>
		<category><![CDATA[automobile chinoise]]></category>
		<category><![CDATA[Chine]]></category>
		<category><![CDATA[consommation chinoise]]></category>
		<category><![CDATA[ventes de détail chinoises]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=14374</guid>

					<description><![CDATA[Pas facile d’y voir clair dans les données chinoises de ce début...]]></description>
		
					<wfw:commentRss>https://richesflores.com/2021/03/15/le-formidable-rebond-de-la-chine-oublie-ses-consommateurs-sur-le-bas-cote-chine-vente-consommation-production/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>China &#8211; The mortgaged future of the world’s biggest economy and the authoritarian temptation</title>
		<link>https://richesflores.com/2017/10/23/the-mortgaged-future-of-the-worlds-biggest-economy-and-the-authoritarian-temptation/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 23 Oct 2017 08:32:59 +0000</pubDate>
				<category><![CDATA[China]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[Xi_Jinping]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=8891</guid>

					<description><![CDATA[During the five years of President Xi Jinping’s first term, Chinese economic...]]></description>
		
		
		
			</item>
		<item>
		<title>The argument that a weak dollar explains the outperformance of emerging markets is, well, weak</title>
		<link>https://richesflores.com/2017/09/04/the-argument-that-a-weak-dollar-explains-the-outperformance-of-emerging-markets-is-well-weak/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 04 Sep 2017 14:40:49 +0000</pubDate>
				<category><![CDATA[Emerging]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=8652</guid>

					<description><![CDATA[Since the beginning of the year, the MSCI Emerging Markets has advanced...]]></description>
		
		
		
			</item>
		<item>
		<title>Mind your Back!</title>
		<link>https://richesflores.com/2014/06/27/mind-your-back/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 27 Jun 2014 08:45:42 +0000</pubDate>
				<category><![CDATA[Brazil]]></category>
		<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=4239</guid>

					<description><![CDATA[France is stumbling, Germany weakening, the U.S. wobbling, Brazil is down a match point and J. Bullard has promised us rate hikes by March… the summer is going to be a real barn burner! Will M&#38;A activity be robust enough to continue to fuel investor confidence?<br/><br/>

It's looking like things are getting tight, considering recent economic developments and central banks' bungled messages. Let's take a closer look at the most disruptive factors from the week.<br/><br/>

<b>- Euro area: if Germany is a locomotive, is France the caboose?</b><br/>

<b>- U.S. growth will not exceed 1.5% this year</b><br/>

- <b>It's match point in Brazil</b><br/>

- <b>Beware of the impatience of certain central bankers</b>]]></description>
		
		
		
			</item>
		<item>
		<title>Global investment:  lingering disappointment</title>
		<link>https://richesflores.com/2014/04/11/global-investment-lingering-disappointment/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 11 Apr 2014 13:45:08 +0000</pubDate>
				<category><![CDATA[Emerging]]></category>
		<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[IN CHARTS]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[World Capital Formation]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=3518</guid>

					<description><![CDATA[The improvement in the global economic backdrop since late 2013 has not provided the desired results when it comes to investment. Although the European recovery has shown a few positive signs, an overview of global investment trends continues to paint a disappointing picture:
<ul>
	<li>In the U.S., where recent corporate earnings and leading indicators have fallen short of expectations;</li>
	]]></description>
		
		
		
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