06 May 2026
More recent developments
May 6, 2026
China-Indonesia QR code connectivity scheme goes live
Southeast Asia’s largest economy is now plugged into Beijing’s regional digital payment network. On April 30, Bank Indonesia announced that its national QR payment system (QRIS) is now interoperable with China’s QR payment ecosystem (Xinhua). The connectivity scheme was agreed… Read More »
May 6, 2026
Regulators expand relending facility to include AI, semiconductors
Beijing wants to direct more credit toward AI. On April 30, the central bank (PBoC), macro planner (NDRC), and finance ministry (MoF) jointly announced they will expand an existing relending facility to support an additional 14 sectors, including: AI Electronic… Read More »
May 6, 2026
China’s manufacturing sector shows resilience in April PMI
April PMI data suggests China's manufacturing base is holding up better than expected in the face of the Iran war. A quick refresher: PMI figures reflect month-on-month changes in manufacturing conditions as reported by companies. Readings above 50 indicate improvement;… Read More »