China’s strong current account surplus and the recent reversal in equity flow have helped the RMB outperform other currencies.
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China is on track to peak its oil consumption by 2030, fueled by its transition to new energy vehicles and upgrades in the petrochemical industry.
Xi reaffirmed Beijing’s commitment to “one country, two systems” in his recent visit to Hong Kong, while national security remains a top priority.
Liu Jianchao and Liu Jieyi are likely to become China’s top two diplomats in the next administration.
China’s housing sales have rebounded in the past two weeks, led by tier-1 and tier-2 cities, thanks to policy support and less disruption from Covid.
After Liu retires, the Office will likely be headed by either He Lifeng or Han Wenxiu, each with different implications for the Office’s future.
The Chinese economy is recovering gradually from Covid lockdowns, with a stronger boost from external demand than domestic demand.
Prospects for consumption are dim while Covid-related disruption continues and consumption is pushed lower down the policy agenda.
The hierarchy includes rules that define each job and delineate the career pathways available to officials.
Local policies are more supportive of NEVs, not only via direct subsidies but also via infrastructure spending and city planning.