
More recent developments

NEVs make up >40% of auto exports for third straight month
New energy vehicles (NEVs) represented 41.1% of China's passenger auto exports in June. That's the third consecutive month NEVs' export share exceeded 40%. Per China Passenger Car Association (CPCA) data, in June China exported: Roughly 198,000 NEVs, up ~149% y/y… Read More »

NDRC reins in local investment hype
What happened: On July 30, the macro planner (NDRC) issued guidelines to rein in reckless local government investment and avoid overheating in emerging sectors. At issue: Local governments have a habit of throwing support at trendy sectors without assessing the… Read More »

Politburo gets plenum on calendar and discusses economic policy for H2
The Politburo held its monthly meeting on Wednesday. First up, the leadership set an October date for the Party Central Committee’s Fourth Plenum – which will set the framework for the 15th Five-Year Plan (2026-2030). They then turned to charting… Read More »