
More recent developments

National Audit Office flags shortfall in SOE profit remittances
State-owned enterprises (SOEs) are not turning in enough profits to the central government. The National Audit Office (NAO) made this disclosure in its 2024 budgetary implementation audit report, published on June 24. The NAO found that: By end-2024, the finance ministry (MoF)… Read More »

PMIs show manufacturing activity remains on shaky ground
China’s manufacturing sector is facing headwinds, and set to drag on wider industrial output. Per PMI data released by the stats bureau (NBS) and Caixin on Monday and Tuesday, respectively: The NBS manufacturing PMI for June came in at 49.7,… Read More »

Hikvision is kicked out of Canada
On June 27, Canadian Industry Minister Melanie Joly said that Canada has ordered Chinese surveillance camera maker Hikvision to shutter their Canadian operations. In a post on X, Joly said: "The government has determined that Hikvision Canada Inc.'s continued operations… Read More »