07 Mar 2025
More recent developments
March 2, 2026
PBoC moves to slow yuan rally
The central bank (PBoC) is taking measures to slow the yuan’s rapid appreciation. On February 27, the PBoC said it will scrap a 20% risk reserve requirement for forward forex contracts, effective March 2. The change lowers the cost of… Read More »
March 2, 2026
LGFVs struggle to repay operating debt
Local government financing vehicles (LGFVs) are struggling to repay their debt. Some context: LGFVs are investment companies that borrow on behalf of local governments. Localities often guarantee LGFV credit lines, or provide LGFVs with collateral to borrow, making them implicitly responsible… Read More »
March 2, 2026
China slashes retaliatory tariffs on Canadian agricultural products
Beijing has made good on the trade ceasefire it struck with Ottawa in January. On February 27 and 28, the commerce ministry (MofCom) announced plans to slash two tranches of retaliatory tariffs on Canadian agricultural products – namely: The elimination… Read More »