More recent developments
Mortgage rates rebound above 3% in various cities
China’s spree of mortgage rate cuts is coming to an end. On Tuesday, domestic media reported that at least eight cities, including multiple provincial capitals, have recently reinstated a minimum mortgage rate of 3.0% or higher (21st Century Biz). The… Read More »
Beijing likely to set 5% GDP growth target for 2025
Beijing will likely set the 2025 GDP growth target at 5%. In recent weeks, Chinese think tankers and government advisors have been advocating for the target. ICYDK: The 2024 target is "around 5%." Wang Yiming – an academic member of… Read More »
Beijing bans critical mineral exports to US
China has taken off the gloves with the US. On Tuesday, Beijing announced a ban on exports to the US of certain dual-use critical minerals and materials, effective immediately. The move followed Washington’s announcement of a third round of chip… Read More »