Our latest thinking

Senior officials are finally getting serious about addressing the country’s longstanding local government debt challenges.  The turning point: On July 24, the Politburo met for its quarterly discussion of the Chinese economy. In the readout of the meeting, the Politburo said it would soon roll out a “basket of measures” to defuse risks arising from local government debt.  A coordinated effort

When Trivium was first launched in 2017, it was more of a social club for China analysts than a business. Couple of us sat in a tiny office talking shop, writing a free newsletter that no one was reading, and considering the merits of maybe, you know, getting some paying clients. Sometimes it still baffles us that, seven years later,