China Macro Tracker

Inflation

China’s July Inflation Cools Sharply as Oil Prices Weigh and Domestic Price Momentum Softens

Real Estate

Beijing Further Eases Property Policy: Lowering Home Purchase Restrictions, Expanding Housing Finance Support

FXGold

PBOC Extends Gold-Buying Streak to 21 Months, China’s FX Reserves Edge Higher in July

Economy

China’s Foreign Trade Remains Resilient in July Driven by AI Exports, but Growth Slows from June’s Surge

Inflation

China’s July Inflation Expected to Ease as CPI Growth Narrows and PPI Recovery Loses Momentum

Fiscal Policy

China’s Local Government Finances Recover Slightly in H1, but Fiscal Pressures Remain Acute

China Launches Broad Countermeasures Against US Tech and Trade Restrictions, Highlighting Supply Chain Competition

Government Bond

China’s Local Bond Issuance Slows Again in July — H2 Fund Deployment in Focus

Economy

China’s Mixed Economic Momentum in July: Softer Industrial Activity, Improving Consumption, and Resilient Exports

Bank

China Strengthens Personal Loan Cost Disclosure, Highlighting Divergence in Banks’ Financing Cost Ceilings

Real Estate

China Moves Forward with Biggest Housing Provident Fund Overhaul in Nearly 20 Years, Unlocking 10.9T Yuan for Broader Use

Energy

China Releases 15th Five-Year Plan for New Power System, Building Green and Low-Carbon Electricity Landscape

PBOC

PBOC Signals Stronger Counter-Cyclical Support, Calls for Timely Rollout of Incremental Policy Measures

FX

China Further Simplifies FX Rules for Domestic Foreign Currency Loans, Expanding Bank Autonomy and Trade Financing Flexibility

Economy

China’s Provincial Capitals Face Growth Divergence, Prioritize Stabilizing Industry in H2 Development Plans