22 Apr 2021
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Local government finances in China are not a pretty picture – and the central government knows it.
That’s why Wednesday’s State Council meeting decided to expand a program to transfer money from central coffers directly to local governments.
Some context: In May last year, as part of COV...
July 26, 2024
On Wednesday, the macro planner (NDRC) and finance ministry (MoF) announced increased subsidies to support the struggling consumer trade-in program. That was quick: Just last Friday, the State Council said more support was in the pipeline. Some context: The State… Read More »
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China’s top policymaking body is raising the alarm on flood season. On Thursday, Xi Jinping chaired a Politburo Standing Committee (PBSC) meeting on flood control. Xi warned top leadership that floods are hitting the country hard: (Xinhua) “This year…rivers are… Read More »
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China is looking to mend fences with India. On Thursday, top diplomat Wang Yi met with India’s Minister of External Affairs Dr. Subrahmanyam Jaishankar on the sidelines of the ASEAN summit in Vientiane, Laos. The pair met earlier this month… Read More »