Robotaxi services captured the Chinese public’s imagination this summer as they reached a tipping point of visibility in cities like Wuhan.
Continue Reading
China’s fiscal revenue has fallen this year, painting a much worse picture than the headline GDP figure shows.
The latest thrust of the anti-corruption campaign in the financial sector is targeting executives at brokerages and mutual funds.
The PBOC net purchased RMB 100bn in government bonds after buying short-term bonds and selling long-term bonds in August.
China is targeting critical minerals in which it has a comparative advantage over the West, but the controls have affected various products to different degrees.
International retailers in China have been battered in 2024, with revenue falling broadly across many segments.
Recent market reforms have made some progress but fail to address the most fundamental problems facing Chinese equities.
Domestic demand continued to be a big drag in July, and retail sales and investment were both underwhelming.
In recent days, the RMB has recovered all its losses against the USD from earlier in the year, and the gap between USD/CNY fixing rate and spot rate has closed.
The Politburo meeting called for more policy measures to support growth, but we are still waiting on details.