30 May 2023
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Local government financial stress is bubbling up in unusual ways.
On May 23, the mayor of Nanning, the capital of Guangxi province, apologized for excessively high parking fees (Caixin).
So how's this related to local government financial stress?
The deets: Since late 2022, locals have com...
May 17, 2024
Beijing is pushing for improvements to the recycling system to boost its consumer goods trade-in initiative. ICYDK: The State Council launched the initiative in March, but it has reportedly failed to take off in some localities due to the rock-bottom… Read More »
May 17, 2024
You’re tired of hearing it, we’re tired of saying it, but China-Russia ties are stronger than ever. On Thursday, Russian President Vladimir Putin touched down in Beijing. Following extensive talks with Xi Jinping, the two leaders released a humongous joint… Read More »
May 17, 2024
To drive decarbonization, officials want greater visibility into the full scope of companies’ emissions. On Monday, an environment ministry (MEE) official revealed that the ministry will push enterprises and financial institutions to implement full life-cycle carbon accounting (FLCA). Some context:… Read More »