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Markets and FinancePlenum Notes
June 30, 2026

New PBOC Tool, Old Policy Constraints

The PBOC launched the overnight reverse repo but did not disclose its interest rate; it was later reported to be 1.25%, below market expectations.
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Plenum NotesPolitics and Policy
June 29, 2026

Anti-Corruption Efforts Remain Active

Notable cases this year include officials who worked in anti-corruption, managed China’s initial Covid outbreak, and oversaw high-level appointments.
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RECENT RESEARCH

June 24, 2026 in Markets and Finance, Plenum Notes

Where China’s USD 1.2trn Surplus Went

China Customs reported a USD 1.2trn merchandise trade surplus last year, but the current account surplus was just USD 735bn.
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June 22, 2026 in Markets and Finance, Plenum Notes

Self-Driving Comes to Chinese Logistics

Nearly 30,000 robovans were deployed across China in 2025, and growth is accelerating fast; JD alone aims to have 1 million robovans by 2030.
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June 16, 2026 in Markets and Finance, Plenum Notes

AI Sole Buoy of Dragging Economy in May

May extended the Chinese economy’s rough patch; the only bright spots were in AI-related sectors.
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