The Ministry of Finance pledged to allocate 106.095 billion yuan to subsidize local poverty reduction, an increase of 20 billion yuan, or 23.2 percent over 2017. This marked the third year in a row that growing in spending on poverty alleviation topped 20%.
Still, 30 million citizens remain living below the poverty line. Authorities have promised to lift a further 10 million people out of poverty in 2018.
Foreign participation in Chinese capital markets is rapidly increasing. This chart shows purchases of Chinese government bonds by foreigners as a percent of total purchases. ership, down in the single digits. The bars show the stock, telling a familiar story—low foreign bond ownership, down in the single digits—but the line represents the cumulative flow of purchases over the past 12 months, and it’s pretty astounding. Foreign institutions have purchased a full 23% of Chinese government bonds over the past twelve months — buying RMB 288 billion out of the RMB 1.23 trillion that the government has sold.
Source: Wind info
Between 2011 and 2016, emissions of pollutant gases sulfur dioxide and nitrogen oxide both dropped by half, while the number of nature preserves steadily increased.
Thanks to the financial de-risking push that took place throughout 2017, liquidity growth from wholesale funding sources has nosedived for China’s banks.
Recent changes to the Chinese constitution remove term limits for sitting presidents, allowing leaders to hold office indefinitely. What does the public think about it? No one knows – clampdowns make popular opinion difficult to gauge. But we do know this: there was an uptick in Google searches for the Chinese term “emigrate” (移民) in the minute the announcement was out (Sunday, Feb 25, 2017, Beijing time).
Today’s China is forging its own road, and as China’s sense of self shifts, so does the tenor of its political rhetoric. In Party Congress speeches over the last 25 years, Party leaders are increasingly likely to use words that indicate indigenous, “Chinese” solutions (orange columns), rather than words that indicate openness and inclusivity (purple columns).