
More recent developments

China launches pork reserve purchasing
Beijing plans to purchase pork for state reserves in a bid to shore up prices amid a supply glut. On Thursday, the macro planner (NDRC) launched central reserve purchasing after the hog-corn ratio – a key gauge of pig farming… Read More »

Local governments lure investment with free office space
Municipal governments are opening a new front in the competition for investment. In recent days, domestic media have reported that several of China’s most developed cities are offering rent-free office space to lure in high-tech firms (Caixin, 21st Century Biz):… Read More »

RMB stablecoins may soon get official approval
Yuan-pegged stablecoins may be in the pipeline. On Thursday, Reuters – citing anonymous sources – reported that the State Council is set to review a roadmap for promoting RMB internationalization, including the use of yuan-backed stablecoins. Senior leaders will also… Read More »