08 May 2025
More recent developments
June 24, 2026
Major banks get direct onshore-offshore RMB link
China’s central bank (PBoC) has reportedly permitted the country’s six major commercial banks to conduct offshore yuan (CNH) transactions directly from their mainland headquarters (Bloomberg). Previously, banks had to route offshore yuan business through their branches in free trade zones… Read More »
June 24, 2026
Premier Li Qiang paints China as force for good in Summer Davos speech
Premier Li Qiang is trying to flip the script on the "China threat" narrative.Li used his June 24 opening speech at the 2026 Summer Davos Forum in Dalian to paint China as a global force for good: "China's economy, undeterred… Read More »
June 23, 2026
Industrial profits surge – but only for some
Industrial profits are surging – but the headline figure masks a striking divergence across China's industrial base. Per data released by the stats bureau (NBS), industrial profits grew 18.2% y/y during the first four months of 2026. Profit growth was… Read More »