05 Jun 2025
More recent developments
December 12, 2025
Credit growth stabilizes in November
Credit growth held steady in November. Per central bank (PBoC) data released Friday, outstanding total social financing (TSF) expanded 8.5% y/y, unchanged from October. Outstanding RMB loans rose just 6.4% y/y – down from 6.5% in October and the slowest rate on… Read More »
December 12, 2025
CEWC signals effort to arrest food price deflation
China's top leaders want to make China's farming sector more productive. There was no mention of food security or self-sufficiency in the readout from this year’s Central Economic Work Conference (CEWC) – which ended December 11 – which have long… Read More »
December 12, 2025
Beijing pledges greater focus on resolving local fiscal difficulties
Beijing is increasingly concerned about local government finances. At the Central Economic Work Conference (CEWC), which concluded December 11, policymakers pledged to “actively and in an orderly manner resolve local government debt risks” by: Urging local governments to reduce debt… Read More »