
More recent developments

Export prices edge up for first time in two years
China’s export prices have increased for the first time in two years. Per customs bureau (GAC) data, in June, export prices rose 0.5% y/y, snapping a prolonged 25-month contraction streak. Some context: Plagued by overcapacity, China’s industrial sector has slashed… Read More »

RMB loans contract in July
July was a grim month for credit growth. Per central bank (PBoC) data released Wednesday, outstanding total social financing (TSF) grew 9.0% y/y in July – up from 8.9% in June and the fastest pace since February 2024. But outstanding… Read More »

Australian miner Fortescue receives record yuan-denominated loan
Chinese banks have just issued the largest offshore yuan-denominated loan ever made to a foreign firm. In a landmark move, Australian metals giant Fortescue recently landed an RMB 14.2 billion loan from a syndicate led by Bank of China (BOC).… Read More »