Authorities are allowing localities more room to relax real estate, carbon, and energy policies while sounding less hawkish on anti-trust and capital.
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Beijing faces tough choices between various diplomatic goals, with risks of collateral damage and loss of reputation for not opposing Putin.
The unverified list is not a sanction tool and companies can get delisted; the Unverified List and the Entity List are mutually exclusive.
The latest surge of covid cases in Hong Kong will not change China’s zero-covid policy for the special administrative region, let alone the mainland.
The next and perhaps final window for the PBOC to cut policy rate is 15 March as the Federal Reserve is starting a rate hike cycle next month.
Chinese provinces lowered GDP growth targets by 0.7pp on average, and we expect the central government to set the national growth target at “around 5.5%”.
The RMB remains very resilient despite PBOC efforts to rein the currency in as monetary policy divergence between China and the US grows ever starker.
The Sino-Russia joint statement refuted Anglo-Saxon values but bore few surprises; Beijing does not want NATO expansion or war in Ukraine.
Xi Jinping has re-invented the party apparatus to fit his vision, making the Party and government inseparable.