China Macro Tracker

China Issues Second Batch of Funding for “Two Major” Projects to Support Strategic Investment

Pharma

China Launches Most Significant Drug Pricing Reforms Since 2015: Implications for Innovative Medicines

China’s Infrastructure Investment Surges in Q1 — What’s Driving the Momentum?

China’s Nuclear Power Investment Hits Record in 2025, Industry Accelerates Expansion, Market Reform, and Global Outreach

Escalating Strait Blockade: Implications for China’s Oil and Gas Security

China’s LGFV Bond Rate-Cut Wave Deepens, Nearly 200 Bonds Slash Coupon Rates in March — What It Signals

Consumption

China’s Income Growth Lags GDP, Consumption Propensity Hits Three-Year Low in Q1

Consumption

China’s Retail Sales Growth Slows in Mar as Consumption Momentum Weakens and Policy Effect Fades

China Industrial Output Growth Slows in Mar Seasonal Disruption and Export Moderation

China Fixed-Asset Investment Slows in Q1, Property Drag Persists and Manufacturing Gains Strengthen

China’s Q1 GDP Growth Rebounds to 5% Amid Policy Support, Moderate Slowdown Expected in Q2

AI

China Unveils AI + Education Plan, Targeting Intelligent and Future-Ready Education System by 2030

China Eases Cross-Border Lending Rules to Expand Offshore RMB Financing, Raises Leverage Ratios for Foreign Banks

Energy

China Accelerates Hydrogen Energy Pilot Programs, Authorities Outline Next-Phase Priorities

Government Bond

Chinese Local Governments’ Real Estate-Related Special Bond Issuance Surges Over 40% in Q1 to Support Urban Renewal and Real Estate Deleveraging