
More recent developments

July export print smashes expectations
Exports are the gift that keeps on giving. According to the July trade data, released by China's customs bureau (GAC) on Thursday: Exports rose 7.2% y/y, up from 5.9% in June Imports expanded 4.1% y/y, up from 1.1% China’s trade… Read More »

Finance ministry encourages local governments to spend all SPB funds
Beijing is finding it increasingly difficult to strike a balance between controlling debt and supporting growth. Some context: Since 2019, the finance ministry (MoF) has assigned a debt risk rating to provincial, city, and county-level governments. Those with a debt-to-revenue… Read More »

Beijing extends probe that could result in quota, tariffs on China’s beef imports
On Wednesday, China's commerce ministry (MofCom) extended its safeguard investigation into beef imports for an additional three months. It will now wrap up on November 26. ICYDK: MofCom launched the investigation in December to determine whether safeguard measures – a… Read More »