
More recent developments

Consumer prices decline for fourth consecutive month
China’s consumer prices have fallen for the fourth consecutive month. Per data released by the stats bureau (NBS) on Monday, the consumer price index (CPI) fell 0.1% y/y in May – matching the declines recorded in March and April. On… Read More »

China’s exports grow in May despite nosedive in US trade
Trade between China and the US is collapsing. Per data released by the customs bureau (GAC) on Monday: China’s aggregate exports grew 4.8% y/y in May, down from 8.1% the previous month Imports shrank 3.4% y/y, accelerating from April’s 0.2%… Read More »

Beijing resists significant increase in public welfare spending
On Monday, the State Council and Party Central Committee published a high-level policy document on improving people’s livelihoods. Though only made public now, the document was approved internally back in March. ICYDK: In March, the Government Work Report pledged to… Read More »