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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Notable cases this year include officials who worked in anti-corruption, managed China’s initial Covid outbreak, and oversaw high-level appointments.
China Customs reported a USD 1.2trn merchandise trade surplus last year, but the current account surplus was just USD 735bn.
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.
May extended the Chinese economy’s rough patch; the only bright spots were in AI-related sectors.
China invests a lot in R&D, but a disproportionately small amount of its R&D spending goes to basic research.
The US updated its Chinese Military Companies list, adding many big names across a wide range of strategic industries.
Here are my answers to the most common questions raised by clients in our recent meetings.
FAI’s yoy decline was larger if using this year’s nominal figure divided by last year’s figure, as the base was revised down.
Trump maintains near-absolute control over his party, which will likely deter the passage of more China-related bills before Xi’s visit and the midterms.