23 Jul 2026
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
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 »
July 22, 2026
Xi Jinping on track to visit US in September
Xi Jinping looks headed to DC in September – at least for now. In case you forgot: Xi Jinping accepted US President Donald Trump's invitation to visit the US during Trump's visit to Beijing in May. But Xi's visit looked… Read More »