
More recent developments

Beijing’s consumption pivot to services – an investment strategy in disguise?
To view this note as a PDF, click here. Since 2023, Beijing’s strategy to boost consumption has revolved around unlocking latent demand – that is, demand for a good or service that’s unrealized due to a structural constraint, such as lack… Read More »

Property roundup: Another bad month
To view the roundup as a pdf, click here. The rundown The property sector failed its monthly report card again in July, according to recent data from the stats bureau (NBS). Homebuyer sentiment is still in the dumps: New home… Read More »

Macro wrap: Stimulus unlikely despite economic softening
To read this macro wrap as a PDF, click here. Exec sum Industrial value-added (IVA) grew 5.7% y/y in July, down from 6.8% the previous month. Fixed asset investment (FAI) fell 5.3% y/y, accelerating from June’s 0.1% decline – marking the… Read More »