23 Jul 2024
More recent developments
May 7, 2026
April data highlight two-speed housing recovery
China’s secondhand housing market may finally be in recovery mode. According to April data from China Real Estate Information Corp. (CRIC), an independent data provider: Across 20 major cities, resale transaction volume by floor space jumped 17% y/y – a… Read More »
May 7, 2026
Beijing to codify SOE profit remittance into law
Lawmakers want to formalize the payments state-owned enterprises (SOEs) make to government coffers. On April 27, the legislature (NPCSC) reviewed a draft revision to the Law on State-Owned Assets of Enterprises, which adds a new clause stating that returns from… Read More »
May 7, 2026
Local officials push for rethink of consumer goods trade-in subsidies
Local finance officials are joining policy advisors in questioning the effectiveness of China’s consumer goods trade-in program. On April 26, Economic Observer reported on city-level finance officials' proposed changes to the two-year-old scheme. Some context: The program has been losing… Read More »