16 Apr 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Economic activity slowed in March, according to stats bureau (NBS) data released on Monday.
The highlights:
Consumer demand remains sluggish.
Retail sales grew by 3.1% y/y in March, down from 5.5% growth across January and February.
The sale of durable goods grew a paltry 2.7% y/y, whi...
April 29, 2024
Last week, Chongqing-based Jinke Property Group said it had received court approval to start bankruptcy reorganization. This isn’t as bad as it sounds. Some context: Rather than liquidating Jinke’s assets, a bankruptcy reorganization allows the firm to continue operating while… Read More »
April 29, 2024
The Ministry of Commerce (MofCom) and Ministry of Finance (MoF) have finally released their highly anticipated implementation rules for auto trade-in subsidies. (and they kinda suck.) Per the implementation rules, released on Friday: The trade-in program accepts new energy vehicles… Read More »
April 29, 2024
Industrial profits dropped 3.5% y/y in March (NBS). This monthly print ends seven consecutive months of profit growth. The drop in industrial profits wasn’t driven by rising costs. We estimate the cost of sales fell 0.8% y/y. Instead, it was… Read More »