29 Jul 2020
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On Tuesday, domestic financial media reported that the central bank (PBoC) has ordered banks to hand over key data regarding online consumer loans.
Some context: Online consumer loans have been growing rapidly in China in recent years. Big fintech companies, such as Ant Group and WeBank, do...
April 30, 2024
It’s finally happening. On Tuesday, just before the country takes off for the May Day holiday, the Politburo announced that the Central Committee’s Third Plenum will take place in July. This is a big deal: The Plenum is expected to… Read More »
April 30, 2024
Talk about chummy. On Monday, Hong Kong-based Phoenix News released more footage of Premier Li Qiang’s meeting with Tesla CEO Elon Musk on Sunday. Some context: The pair's connection goes back to 2019 when Tesla invested RMB 50 billion to… Read More »
April 30, 2024
Starting in December, China can legally apply counter-tariffs against its trade partners. That's because on Friday the national legislature (NPCSC) passed the Tariff Law, effective December 1. Some context: The legislature holds sole legal authority over taxation. But in practice,… Read More »