06 Nov 2025
More recent developments
June 8, 2026
Auto giant Chery going all-in on overseas expansion
On June 3, Nissan disclosed it has signed a non-binding MOU with Chery to explore manufacturing Chery vehicles for the UK market at its plant in Sunderland, England. Some context: Chery's European exports are booming, with sales from January-April this… Read More »
June 8, 2026
Authorities kick off major housing provident fund overhaul
Long-promised reforms to China's housing provident fund (HPF) are finally taking shape. On June 5, the housing ministry (MOHURD) published a draft revision of the HPF’s governing regulation for public comment – the first major rewrite since 1999. ICYDK: The… Read More »
June 8, 2026
Beijing raises USD deposit rate cap to slow CNY rally
The central bank (PBoC) wants to take the heat out of the yuan’s rally. On June 5, Bloomberg reported that authorities are allowing some banks to pay higher interest rates on US dollar deposits, above the US Secured Overnight Financing… Read More »