25 Aug 2021
More recent developments
March 27, 2026
China massively undershot 2025 fiscal spending target
Bureaucrats in Zhongnanhai need to take a long, hard look at their budgeting methodology. Last year, Beijing targeted 9.3% growth in total fiscal expenditure. But actual government spending grew by only 3.7%, despite a whopping 32% hike in total government… Read More »
March 27, 2026
Beijing launches two reciprocal trade probes after commerce minister meets with US trade representative
Chinese and US officials continue to push for stabilization – but the cracks are widening. On March 26, Commerce Minister Wang Wentao met with US Trade Representative Jamieson Greer on the sidelines of the WTO's 14th Ministerial Conference in Yaoundé,… Read More »
March 26, 2026
Beijing using investment subsidies to drive consumption
Beijing is using its industrial equipment upgrading program to boost consumption. Quick background: The program – introduced in March 2024 – provides subsidies to incentivize companies to upgrade their industrial equipment. This year, Beijing has expanded eligibility to cover three… Read More »