China Macro & Policy Tracker

PBOC

PBOC Governor Pan Gongsheng Highlights Counter-Cyclical Monetary Policy and Financial Risk Prevention

Consumption

China’s Trade-In Programs Drive 2.5 Tn Yuan in Consumer Spending in Jan – Nov, Benefit 360M People

Economy

China Issues Action Plan to Deepen Integration of Culture, Tourism, and Civil Aviation

Consumption

National Subsidies’ Boost to Home Appliance Consumption to Weaken, Policy Key to Spending in 2026, Says UBS

PBOC

PBOC Conducts Open Market Government Bond Operations for Two Consecutive Months, Injects 50 Bn Yuan in Nov

Fiscal Policy

Finance Minister Lan Fo’an Outlines Proactive Fiscal Policy Directions for 15th Five-Year Plan

Hydrogen

Chinese Local Governments Move to Boost Hydrogen Energy in 15th Five-Year Plan

Economy

China’s Manufacturing Activities Contract at Slower Pace in Nov, Services Sector Weakens

PBOC

PBOC Reaffirms Virtual Currency Ban, Vows to Crack Down on Trading and Speculation

Economy

China’s SOEs’ Profits Drop at Faster Pace Amid Rising Pressure in Jan – Oct, Regulator Vows to Accelerates Strategic Integration

Economy

China’s New Productive Forces Continue to Grow Steadily, Shows VAT Invoice Data

Infrastructure

China to Expand Infrastructure REITs to Urban Renewal Projects and More, Says State Planner

Consumption

China Issues Plan to Boost Consumption by Improving Supply-Demand Matching, Aims Form Three Trillion-Yuan Consumer Sectors

Industrial Production

China’s Industrial Profits Turn to Decline in Oct, Cumulative Growth Sustains for Third Straight Month

China Cuts Airline Capacity to Japan Amid Travel Warnings, Triggering Tourism Fallout