28 Jun 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Beijing’s much-touted consumer goods trade-in program has failed to significantly boost auto sales.
On Tuesday, the commerce ministry (MofCom) held a press conference to discuss the program.
ICYMI: According to MofCom rules released in late April, consumers can trade in new energy vehicles (N...
July 1, 2024
China’s efforts to decarbonize heavy-duty trucking (HDT) are finally gaining momentum. On Tuesday, industry research group GGII reported that national sales of new energy vehicle (NEV) HDTs – dominated by battery electric models – reached 20,776 between January and May,… Read More »
July 1, 2024
Chinese cities are removing auto purchase restrictions. On Tuesday, the Beijing Municipal Government's official WeChat account reposted the macro planner’s (NDRC) recent consumption-boosting guidelines – which encourage cities to "relax vehicle purchase limits and issue more vehicle purchase quotas." Some… Read More »
July 1, 2024
China's June manufacturing conditions were a mixed bag. The stats bureau (NBS) and Caixin released their monthly PMI prints on Sunday and Monday, respectively. A quick refresher: PMIs give a snapshot of business conditions based on survey responses. A reading… Read More »