Governments at all levels are providing subsidies to these firms, while Beijing also launched a new stock exchange to help them grow.
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For China, COP26 is a political gain, not an event affecting its course to decarbonization.
The Sixth Plenum of the 19th Party Congress passed a historic resolution largely to celebrate the Party’s achievements over the past century.
The Xi-Biden video conference closed with stabilizing signals, but produced very little in concrete deliverables.
Real estate developers are desperate for easing policies amid the deepening slump, but the latest reports and rumors have fallen short.
A-share listed firms posted growing revenue but declining profit in Q3, with service firms performing worse than industrials.
China has experienced a power crunch since September and many provinces rolled out aggressive production cuts.
GDP growth could slide to near 3% in Q4 as President Xi grows more tolerant of a short-term slowdown.
We saw early signs of easing from local governments, but Beijing is unlikely to change stance before December.
The change is part of Beijing’s wider plan to include Macau in its broader counter-sanction regime.