11 Sep 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
China's new energy vehicle (NEV) segment performed exceedingly well in August, even as internal combustion engine (ICE) vehicle sales slumped.
Per the China Passenger Car Association's (CPCA) August retail data, released Tuesday:
NEV sales hit 1.027 million, up 43% y/y.
ICE sales fell to 878,000, d...
October 15, 2024
Credit grew at its slowest pace on record in September. According to the central bank’s (PBoC) monthly credit data, released on Monday, outstanding total social financing (TSF) grew 8.0% y/y last month, down from 8.1% in August. Outstanding RMB loans… Read More »
October 15, 2024
Central authorities are reportedly considering offering RMB 6 trillion over the next three years to pay down local governments' off-balance-sheet debt – but there's some confusion over who will be doing the borrowing. Citing unnamed sources, Caixin reported Monday that… Read More »
October 15, 2024
China’s September export growth massively undershot expectations. Per data released by the customs bureau (GAC) on Tuesday: Exports in USD terms grew by 2.4% y/y, down from 8.7% growth the previous month Imports edged up a measly 0.3% y/y, down… Read More »