11 Nov 2025
More recent developments
July 23, 2026
Beijing sits tight on its consumer trade-in program as it loses steam
Beijing's consumer-goods trade-in program is dying a slow death. On July 22, the commerce ministry (MofCom) revealed that the flagship consumption-boosting program drove RMB 1.1 trillion in related sales in H1 this year – nearly 30% less than in 2025.… Read More »
July 23, 2026
Wang Yi meets US Secretary of State Marco Rubio ahead of Xi Jinping’s US visit
Beijing and Washington are committed to keeping tensions in check. At least for now. On July 22, top diplomat Wang Yi met US Secretary of State Marco Rubio on the sidelines of the ASEAN foreign ministers' meeting in Manila. … Read More »
July 23, 2026
Fiscal squeeze puts tech tax breaks under scrutiny
With money tight, authorities are getting picky about which firms count as "high-tech." On July 22, Yicai reported that growth in China's high-tech enterprises slowed sharply in 2024. "High-tech enterprise" (HNTE) numbers topped 500,000 that year, up 83% from 2020,… Read More »