05 Jun 2025
More recent developments
July 10, 2026
End of equipment upgrading subsidies creates FAI headwind
Beijing has fully allocated this year's equipment upgrading quota, but the early disbursement creates headwinds for investment in H2. Some context: In March 2024, the State Council launched a program to subsidize industrial equipment upgrading, covering agriculture, manufacturing, and some… Read More »
July 10, 2026
China’s winter wheat harvest hits record high on yield gains
China knows exactly how to squeeze more wheat out of every hectare. Per stats bureau (NBS) summer harvest data – which covers winter wheat and a handful of minor crops – released July 10, wheat output rose 0.6% y/y to… Read More »
July 10, 2026
PBoC names structural divergence as new risk
China's central bank (PBoC) thinks the widening gap between the economy's boom and bust sectors is a looming risk. At its July 4 meeting, the PBoC’s monetary policy committee for the first time listed "structural divergence” as a challenge facing… Read More »