Exchange rate defense and a more sanguine economic outlook may be behind the higher market rates, and the new issuance may drive them up further.
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The US has escalated its export control regime again, dealing a blow to China’s AI development.
Chen Long and Bo Zhengyuan discuss the recently released Q3 2023 economic data, US-China relations, and the forecast for the rest of the year into 2024.
Housing and exports are still down but their declines have slowed, and consumption has seen an ongoing recovery.
Companies are attempting to dodge restrictive trade policies by increasing their outbound investment and moving operations overseas.
Consumption saw the best holiday recovery so far this year, but the housing market declined even further, dragged down by tier-3 cities.
Chen Long discusses China’s recent real estate policy easing, the surprising performance of the commodity market, and whether the economy is turning around.
The EU will soon launch an anti-subsidy investigation into EVs imported from China, which will likely result in price floors and tariffs next year.
Beijing followed through on its financial reform promises of 2013, but the results failed to make the system significantly more market-driven or efficient.
Higher commodity prices appear to herald the end of China’s industrial deflation woes, and the CPI is also poised to rise.