07 Mar 2025
More recent developments
July 18, 2026
Consumption FYP recasts housing as a consumer good
The State Council’s five-year plan (FYP) on expanding consumption, published July 13, offers nothing new in supporting the real estate market. Filed under “big-ticket durables” alongside cars and appliances, the housing section pledges to: Optimize affordable housing supply Better cater… Read More »
July 18, 2026
Car markers launches tsunami of new models
Between January and May 2026, Chinese automakers launched a whopping 542 new vehicle models – equivalent to 3.6 new models every day. For comparison, across 2024 just 29 new models were launched in the US market (Bloomberg). The pace at… Read More »
July 17, 2026
End of equipment upgrading subsidies will drag on H2 growth
A key source of government support for the economy is about to end, threatening to deepen China’s investment slump. On July 3, state media reported that the macro planner (NDRC) has allocated its entire RMB 200 billion equipment upgrading subsidy… Read More »