China is phasing out NEV subsidies in the next two years, as it finds the approach inefficient and probably unnecessary.
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The 50bps RRR cut is consistent with the latest policy direction of reducing bank funding costs and makes us more convinced of our peak rate call.
Following the Didi debacle, a high-profile Chinese government document calls for greater supervision of firms seeking overseas listings.
The Biden Administration wants to reduce supply chain reliance on China. But it would be difficult.
Tesla has fallen out of Beijing’s favor in 2021 after drawing concerns over both data security and road safety.
Beijing has intensified its crackdown on cryptocurrencies by targeting bitcoin mining as well as trading platforms.
China’s two-speed recovery returns, as the industrial sector is booming and consumption disappoints again.
Steel and iron ore prices have both hit all-time highs, as construction activity has remained strong and the market expects more supply restrictions.