The USD/CNY spot rate has been quite stable over the past two months despite higher tariffs from the US, largely due to a weak USD.
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Beijing has expressed opposition to CK Hutchison’s plan to sell its Panama ports, and we doubt the deal can proceed as originally planned.
Chinese internet giants have begun to integrate AI into their mainstream applications.
China has continued to consolidate its role as the world’s top industrial robot market and production powerhouse.
Industrial value-added and retail sales looked fine in Jan-Feb, while exports were quite weak.
Market interest rates have gone up despite a supposed loosening of monetary policy, and the PBOC has stopped buying bonds; sentiment has improved.
Hangzhou’s “six little dragons” have become part of the national public discourse, granting the city a new reputation as a tech haven.
The GDP target is unchanged from last year, while the projected aggregate deficit will be 10% of GDP, the largest since 2020.
China has announced multiple retaliatory measures in response to the US’s latest 10-ppt tariff hike on Chinese goods.
Changes in the US-China trade portfolio between 2017 and 2024 highlight the shifting of some US supply chains away from China.