24 Sep 2025
More recent developments
April 30, 2026
Electric trucks retain generous trade-in subsidies
Policymakers want trucks to come clean and go green. On April 28, the transport ministry (MoT) and macro planner (NDRC) released a notice outlining the 2026 national trade-in policy for trucks. The scheme maintains the same generous trade-in subsidies as… Read More »
April 30, 2026
Fiscal revenue improves modestly in Q1
Revenue from China’s general public budget – its largest fiscal book – returned to growth in Q1. Revenue rose 2.4% y/y, reversing a 7.9% decline in Q4 and a 1.7% contraction across 2025. ICYDK: Public budget revenue consists of tax… Read More »
April 30, 2026
Top financial regulator gets demoted
China’s top financial regulator is in trouble. Li Yunze, appointed as the inaugural head of the National Financial Regulatory Administration (NFRA) in May 2023, is no longer leading the agency. His picture and profile have been removed from the NFRA’s… Read More »