
More recent developments

Xi Jinping heralds new urban growth model at Central Urban Work Conference
We told you not to get your hopes up. On Tuesday, the top leadership wrapped up the two-day Central Urban Work Conference. The meeting is a big deal – all seven members of the Politburo Standing Committee were in attendance.… Read More »

TSF growth accelerates in June
Credit growth accelerated in June, led yet again by government bond issuance. Per data released by the central bank (PBoC) on Monday, outstanding total social financing (TSF) grew 8.9% y/y in June, up from 8.7% in May – and the… Read More »

Q2 data suggests China on track to hit annual growth target
Economic growth in Q2 came in ahead of target. Per data released by the stats bureau (NBS) on Wednesday, in the second quarter of 2025: GDP expanded 5.2% y/y, compared to 5.4% growth in Q1 On a nominal basis –… Read More »