
More recent developments

Geely Chairman pledges to halt further capacity expansion amid global glut
On Saturday, Geely Chairman Li Shufu announced at a major auto industry forum that the company has decided to stop building new factories or expanding the capacity of existing ones, citing "serious overcapacity" in the global auto industry. Throughout the… Read More »

Land sales recover in major cities, slump elsewhere
China’s land market is showing signs of life, but the recovery is concentrated in top-tier cities. According to Caixin, in May, land sales revenue across China’s 30 biggest cities clocked in at RMB 45.1 billion, up 11.9% y/y. In contrast,… Read More »

Low wheat prices trigger state reserve buying in Henan province
China's state reserves are buying up wheat after market prices fell below a state-set floor price for the first time in five years. On Friday, the state reserve manager (NFSRA) announced that purchasing would begin the following day in "eligible… Read More »