Beijing’s overall approach has been very hands-off; it has neither offered to rescue developers in trouble nor shut down the insolvent ones.
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Despite moving early to control generative AI, China has been highly proactive in releasing policies to encourage the growth of the industry.
The USD/CNY spot is trading next to its theoretical upper limit, as the market keeps pushing for a lower RMB exchange rate.
China’s lithium price has seen a mild rebound after falling 80% in 2023 as a result of rapidly expanding capacity.
The RMB fell suddenly against the USD on Friday, triggering questions of whether this is the start of a new round of depreciation.
The newest addition to Xi’s original lexicon is all about developing cutting-edge technologies in order to raise China’s place in the world.
China’s industrial output delivered a surprise on the upside, largely due to strong export performance, but the housing market is still down.
China’s CPI rebound is good news, but it was largely a result of the Chinese New Year effect; it is still too early to say that what we are seeing is reflation.
The GDP growth target and fiscal measures laid out in this year’s government work report were largely expected by the market.