China Macro Tracker

Beijing Issues Policy Package to Promote Pharmaceutical Innovation and Advance Hospital Use of Surgical Robots

Spring Break Boosts China’s Qingming Holiday Travel, Family Tourism Expands Nationwide

Declining Investment and Operational Challenges in China’s Urban Rail Transit: 2025 Performance and 2026 Outlook

Government Bond

China’s Local Government Bond Issuance Accelerates in Q1 to Boost Infrastructure Investment

China’s Manufacturing and Service Activities Return to Expansion as Production and Demand Strengthen

China’s Top Market Regulator Reinforces Anti-Involution Measures, Names Four Key Industries

China’s Net Foreign Assets Hit $4.07T in 2025, Rising to Second Largest Globally

Consumption

First Spring Break Approaches, Local Authorities Roll Out Measures to Boost Consumption

China Raises Central SOE Profit Remittance Proportion to Boost Fiscal Revenue, Support National Priorities

Economy

China’s Industrial Profits Grow at Faster Pace in Jan – Feb Amid Production Recovery and High-Tech Growth

Insurance

China Launches Nationwide Long-Term Care Insurance to Support Disabled and Aging Population

China’s Daily Token Usage Rises 40% in Three Months, Plans Nationwide Integrated Data Market

Real Estate

Guangzhou Explores Using Housing Vouchers for Second-Hand Home Purchases

Beijing Authorities Summons Major Internet Platforms to Crack Down on Involution-Style Competitions

PBOC

PBOC Governor Pan Comments on Monetary Policy, Exchange Rate, Financial Opening, and Yuan Internationalization