More recent developments
Legislature sounds alarm over local government debt
China’s legislators are worried about the state of local government debt. On September 10, two econ-related committees of the legislature (NPCSC) – the budget working committee and the financial and economic committee – published a report on government debt management.… Read More »
Rebuilding confidence in VC
Beijing is scrambling to rebuild confidence in the venture capital (VC) industry. On Wednesday, Premier Li Qiang held a State Council meeting to discuss how to better support startup funding. Some context: Revitalizing China’s deteriorating VC industry has become a… Read More »
Pace of property activity decline is slowing
Despite China’s dismal August macro print, the property sector struck a somewhat positive note last month. According to the stats bureau’s (NBS) monthly data for the sector, published Saturday: New investment in the sector contracted 10.2% y/y in August –… Read More »