
More recent developments

Provinces ramping up SPB issuance to support local land buybacks
The land buyback scheme is gaining steam – but the benefits are flowing mainly to state-owned players. Twenty-three of China’s 31 provincial authorities have disclosed plans to participate in buybacks funded by special-purpose bonds (SPBs). ICYDK: Launched by the Ministry… Read More »

Power market reforms drive frontloaded, but likely unsustainable, solar installation boom
China's solar installations are going ballistic. On Thursday, the energy regulator (NEA) released national energy installation statistics showing the country added 104.9 GW of new solar capacity in the first four months of the year – representing a staggering 75%… Read More »

Chinese farm disaster relief funding down
Chinese farmers aren't getting much extra help this spring. On Thursday, the finance ministry (MoF) allocated RMB 1.4 billion in agricultural disaster relief funding to help cover the costs of crop pest and disease control. The funds will go to… Read More »