24 May 2025
More recent developments
July 6, 2026
Beijing to cancel more tax reductions for NEVs
Beijing is removing more financial perks for new energy vehicles (NEVs). On July 3, the finance ministry (MoF) announced that, starting January 2027, it will cancel vehicle and vessel tax (VVT) exemptions for battery and fuel cell electric commercial vehicles,… Read More »
July 6, 2026
PMI print suggests deflationary pressures returning
June PMI data points to stable manufacturing conditions – but factory gate deflation has unexpectedly returned. A quick refresher: PMI figures reflect month-on-month changes in manufacturing conditions as reported by companies. Readings above 50 indicate improvement; readings below 50 signal deterioration. The… Read More »
July 6, 2026
Top developer sales slip back into contraction in June
The housing market’s nascent recovery went into reverse in June. Per data from China Real Estate Information Corp. (CRIC), an independent data provider: New home sales by China's top 100 developers reached RMB 306.5 billion in June, up 3.9% m/m.… Read More »