13 Jul 2020
More recent developments
March 5, 2026
Government to increase spending on infrastructure in 2026
The government will spend more on infrastructure in 2026 – but the question is by how much. Central government spending on major infrastructure projects, combined with quasi-fiscal financing, and local government spending via special purpose bonds (SPB) will likely be… Read More »
March 5, 2026
China likely to post huge trade surplus again in 2026
China has no plans to reduce its massive trade surplus. According to the Government Work Report (GWR), in 2026 a key goal will be achieving: “A basic equilibrium in the balance of payments” Sounds good, right? Well, it turns out,… Read More »
March 5, 2026
Government sets lower GDP growth target for 2026
China’s economy will grow more slowly in 2026. Probably… According to the 2026 Government Work Report, this year the government will aim for “GDP growth of 4.5-5 percent, while striving for better in practice.” That is down from a target… Read More »