20 Apr 2026
More recent developments
April 20, 2026
SAMR fines platforms for “ghost takeout” violations
What is this new delivery devilry? On April 17, the market regulator (SAMR) announced fines totaling RMB 3.6 billion for seven platforms – Pinduoduo, Meituan, JD, Ele.me, Douyin, Taobao, and Tmall – for their role in enabling “ghost takeout (SAMR… Read More »
April 17, 2026
Consumer goods trade-in program running out of steam
The consumer goods trade-in program is delivering less stimulus than last year. Per data released by the commerce ministry (MofCom), the program supported RMB 503 billion in sales between the start of the year and mid-April – down roughly 30%… Read More »
April 16, 2026
China’s strong Q1 GDP print masks underlying weaknesses
China's economy grew strongly in Q1 2026 – but momentum is starting to wane. Per data released by the stats bureau (NBS) on April 16: GDP grew 5.0% y/y in Q1, up from 4.5% in Q4 2025. On a quarter-on-quarter… Read More »