
More recent developments

Policy banks to ramp up infrastructure support by end-September
Policy banks are preparing to support a new wave of infrastructure investment. ICYMI: In June, Bloomberg reported that China Development Bank, Export-Import Bank of China, and the Agricultural Development Bank of China had been authorized to invest RMB 500 billion… Read More »

Electric vehicle growth outpaces hybrids
Pure electric vehicles (EVs) are set to become the primary focus of China’s new energy vehicle (NEV) market growth. Per data released by the China Passenger Car Association (CPCA), throughout August: Overall auto sales grew 4.7% y/y in unit terms… Read More »

Authorities target 10,000 “community life circles” by 2030
On Friday, the Ministry of Commerce (MofCom) and eight other ministries issued a notice on accelerating the rollout of “15-minute community life circles.” 15-minute what? Introduced in 2021, community life circles refer to closer-knit, service-oriented neighborhoods where residents can access… Read More »