An analysis of the housing market shows massive regional disparity; prices have fallen by over 30% in some cities but remain largely unchanged in others.
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China has been more actively scrutinizing US-related semiconductor deals in retaliation to the US expansion of China-focused export controls.
Local governments are cutting incomes for civil servants and shutting down public services to save costs.
The upcoming election in Taiwan is a three-way contest; for now, the incumbent DPP is in the lead.
The RMB has gained 2% against the USD over the past few days as the USD fell against most major currencies.
Chen Long and Bo Zhengyuan discuss the recent meeting between presidents Xi and Biden in San Francisco, the upcoming election in Taiwan, and some recent developments in the economy.
China’s oil demand has turned out much stronger than expected and may end up accounting for 75% of global growth in 2023.
China’s economy sent mixed signals in October; retail sales and industrial value-added growth beat expectations, but momentum slowed.
Industrial profits appear to be recovering, and private fixed asset investment is likely to follow suit next year.