
More recent developments

Zhejiang province uses SPB proceeds to fund property buybacks
Local governments have finally begun tapping special-purpose bond (SPB) proceeds to acquire empty housing, eight months after the finance ministry (MoF) greenlit the program. In late May, Zhejiang province became the first province to earmark SPB funds – RMB 1.65… Read More »

Dragon Boat Festival holiday expenditure up over 5% y/y
Travel and spending data from China’s Dragon Boat Festival holiday (May 31 to June 2) suggests consumer sentiment is slowly returning. Per data released by the stats bureau (NBS) on Tuesday, during the three-day festival: 119 million people traveled domestically,… Read More »

BYD signs agreements to advance large-scale rollout of megawatt chargers
China’s new energy vehicle (NEV) industry is entering the era of ultra-fast charging. On Saturday, BYD entered agreements with ride-hailing giant Didi and NEV charging infrastructure aggregator Xindiantu to deploy 15,000 ultra-fast megawatt (MW) charging piles across the country. This… Read More »