Beijing’s legislature has approved a RMB 10trn local government debt swap package that will last until 2028.
In this chartbook, we walk you through the latest developments in the Chinese economy and offer our outlook.
Beijing’s legislature is expected to approve a fiscal package at a meeting next week, which was scheduled later than expected.
Huawei has developed a new mobile operating system for the mainland market that is completely separate from Android.
Domestic growth picked up slightly in September with the help of supportive policies, but export growth dipped.
The Ministry of Finance has committed to spending record money on derisking local government debt but has introduced little on boosting demand.
The A-share market rose further today after offshore equities recorded large gains during the holiday, but both have already faded from their peaks.
The Chinese stock market has had its strongest weekly rally since 2008 as investors have scrambled to buy and liquidity has poured in.
The PBOC cut policy rates by another 20bps, further loosened rules on the housing market, and created tools to help non-bank institutions buy stocks.