18 Sep 2025
More recent developments
February 13, 2026
Beijing prioritizes welfare in 2025, yet overall spending remains subdued
Following the 2025 Government Work Report’s pledge to “invest in people,” Beijing prioritized public welfare spending last year – but the scale remains insufficient. Quick background: All public welfare outlays are recorded under the general public budget, the government’s largest… Read More »
February 13, 2026
PBoC stays the course with Q4 Monetary Policy Report
China’s central bank (PBoC) is promising to stay the course in 2026. That’s our key takeaway from the Q4 2025 Monetary Policy Report that the PBoC dropped on February 10. Frankly, the report is a bit of a snoozefest. Case… Read More »
February 12, 2026
State Council holds study session on AI development
Beijing is moving to rein in a growing weakness in its AI push – underutilized and misallocated compute. On February 11, Premier Li Qiang chaired a State Council study session on the AI Plus plan. One line stood out. In… Read More »