
More recent developments

NEVs post best-ever export growth in April, offsetting ICE decline
China's new energy vehicle (NEV) exports just posted their best month by a long shot. According to the China Passenger Car Association's latest data, in April, China exported: Just over 234,000 gas-powered passenger vehicles, down over 22% y/y Just under… Read More »

MoHURD newspaper shoots down presale ban speculation
Authorities aren't about to abolish housing presales outright. That’s the verdict from China Real Estate Business, a newspaper managed by the housing ministry (MoHURD). ICYMI: On May 8, Bloomberg reported that Beijing is formulating a plan to prohibit presales for… Read More »

Property sector pain deepens, once again, in April
Stop us if you've heard this one before: China’s property sector continues to struggle. According to the latest stats bureau (NBS) data, in April, new home sales by floor space fell 2.4% y/y, a deepening decline from March’s 0.6% fall.… Read More »