26 Jul 2024
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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 Council launched the consumer trade-...
September 6, 2024
Local governments are upping support for the consumer goods trade-in program. ICDYK: In July, the State Council updated its consumer goods trade-in initiative, committing RMB 150 billion in special treasury bonds (STBs) to fund trade-in subsidies at the local level.… Read More »
September 6, 2024
Beijing wants to reduce distorting preferential policies at the local level. In recent weeks, several local governments have rolled back policies designed to attract businesses and investment. Local governments are responding to an unpublished document issued by the State Council… Read More »
September 6, 2024
Africa has made a ringing endorsement of China’s vision for global governance. On Thursday, China and the 53 African countries present at the Forum for China-Africa Cooperation (FOCAC) released a sweeping joint declaration on “Building an All-Weather China-Africa Community” It’s… Read More »