
More recent developments

Beijing rewards localities for faster tax revenue growth
Beijing wants to incentivize local governments to increase their tax revenue – but it's going about it the wrong way. On Wednesday, the Ministry of Finance (MoF) revealed an RMB 10 billion increase to its "Incentive Fund for Promoting High-Quality… Read More »

Moscow starts raising barriers against Chinese auto exports
Russia is starting to curb its influx of auto imports from China. As the FT reported Monday: In January, Moscow more than doubled so-called "recycling fees" – effectively tariffs – to USD 7,500 for most passenger vehicle imports. Those fees… Read More »

Beijing signals readiness for extra stimulus
The Government Work Report (GWR), issued last week, announced a substantial economic support package – but finance minister Lan Fo’an wants markets to know there's even more policy ammunition in the offing. At a Thursday press conference, Lan said that… Read More »