PBoC relaxes cross-border interbank financing rules to promote offshore RMB liquidity

Higher state-owned enterprise (SOE) profit remittances are undermining investment growth. On April 15, the Economic Observer reported that the finance ministry (MoF) is raising the profit remittance ratio for centrally-owned enterprises in three sectors – electricity, petroleum, and coal mining… Read More »

The consumer goods trade-in program is delivering less stimulus than last year. Per data released by the commerce ministry (MofCom), the program supported RMB 503 billion in sales between the start of the year and mid-April – down roughly 30%… Read More »

Homebuyer sentiment is slowly recovering, but the gains are concentrated in tier-one markets. According to the stats bureau’s (NBS) March survey of home prices in 70 major cities, published on April 16: New home prices fell 0.21% m/m, the fifth… Read More »