The PBOC delivered an unexpected policy rate cut to support the economy, as credit growth showed signs of fatigue.
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The direct impact on bank asset quality is small, but it is denting confidence in the real estate market and badly damaging housing sales.
Xi has expanded China’s definition of national security and upgraded its national security regime to accommodate new challenges.
Beijing’s initial response to Nancy Pelosi’s Taiwan visit was more restrained than many expected, but military drills and political fallout will follow.
The call yielded no notable progress on Section 301 tariffs or US access to the audit reports of Chinese companies.
China’s economy has been gradually recovering since May, after lockdowns were lifted in major cities. The real estate sector, however, remains deeply problematic.
Uncertainty around the global food supply have drawn Beijing’s attention to the challenges of feeding China’s 1.4bn population.
Bankers and SOE managers, initially sent to provincial governments to prevent financial risks and SOE defaults, are now tasked with driving local growth.
GDP breakdown shows very weak domestic demand, continuing to undermine so-called rebalancing, and the worst property slump on record.
China loosened several Covid restrictions last month, including cutting the inbound quarantine period to “7+3”, to boost the economy.