16 Jan 2026
More recent developments
March 3, 2026
Spending on land buybacks crowded out infrastructure investment in 2025
Large volumes of local government debt were used to finance last year’s unproductive land buyback scheme – at the expense of infrastructure investment. ICYDK: In late 2024, authorities greenlit the issuance of “land reserve” special purpose bonds (SPBs) to finance… Read More »
March 3, 2026
Polysilicon leader Tongwei announces plan to acquire top rival
On February 24, leading polysilicon manufacturer Tongwei announced plans to acquire top rival Lihao Clean Energy. The merger – to be funded through a combination of share issuance and cash payment – would increase Tongwei’s global market share from ~25%… Read More »
March 3, 2026
Strategic reserves insulate China from crude, fertilizer impacts of Iran conflict
China will feel the economic burn of conflict in Iran, but massive state reserves of key commodities will blunt the worst effects. A quick recap: On February 28, the US and Israel launched a sustained campaign of military strikes on Iran,… Read More »