22 Apr 2025
More recent developments
January 7, 2026
China’s silver export license requirements take effect
China's new silver export licensing requirements are unnerving investors – but we think markets are overreacting. A quick recap: In October, the commerce ministry (MofCom) suspended silver (and phosphate) export quotas for a third consecutive year, but introduced new export… Read More »
January 7, 2026
Land sales decline 10.4% y/y in 2025
Cash-starved property developers have massively reduced land purchases, hammering local government finances. By the numbers: In 2025, residential land sales across China’s top 300 cities dropped 13.6% y/y – much improved from the 23.3% decline the previous year, but still… Read More »
January 7, 2026
Beijing ramps up infrastructure support
Beijing is looking to give infrastructure investment an early boost in 2026. On December 31, the macro planner (NDRC) announced it had pre-allocated RMB 295 billion in central funds to support infrastructure construction in Q1 – way up from the… Read More »