China Macro & Policy Tracker

Satellite

China Launches Two-Year Commercial Trials of Satellite IoT Service, Supporting Commercial Aerospace and Low-Altitude Economy

PBOC

PBOC Continues Boosting Medium-Term Liquidity with 1 Tn Yuan MLF Operation in November

Electricity

China’s Oct Electricity Consumption Rises at Fastest Pace This Year – What’s Driving the Growth?

Investment

China’s Private Capital Gains Ground in Railways, Nuclear Power, and Commercial Spaceflight as Policy Opens Doors

PBOC

China Holds Benchmark Lending Rate LRP Steady for Sixth Consecutive Month

Fiscal

China’s Fiscal Snapshot: 28 Provinces Maintain Tight Fiscal Balance Through Q3 

Carbon

China Begins Preparations to Expand Carbon Market to Chemicals and More, Official Says

Government Bond

China’s Local Governments Deploy Over 50 Bn Yuan in Special Bonds to Investment Funds

PBOC

PBOC to Issue 45 Bn Yuan of Offshore RMB Bills in Hong Kong

Consumption

How Will China Boost Household Consumption Rates During the 15th Five-Year Plan Period?

Economy

China’s High Export Growth Unlikely to Sustain, Tackling Weak Demand Requires Focus on Real Estate Debt, Says Nomura

PBOC

PBOC Deputy Governor Elucidates China’s Macroprudential Framework: Scope, Tools, and Foundations

Hong Kong

Hong Kong Expected to Achieve Fiscal Surplus in 2025/26 Driven by Stock Market Revival

Real Estate

China’s Real Estate Market to Stay Sluggish, Expansionary Fiscal Policy Needed, Says Former Finance Minister

Fiscal

China’s Oct Fiscal Revenue Grows Fastest This Year, Fiscal Spending Drops for First Time Since Sept 2024