China Macro & Policy Tracker

Infrastructure

China’s Infrastructure Investment Records Rare Annual Decline in 2025 Amid Fiscal and Funding Pressures

Consumption

China’s Dec Retail Sales Grow at Slowest Pace Since 2023, Service Consumption Accelerates

GDP

China Achieves Annual Target with 5% GDP Growth, Q4 Growth Slows to 4.5%

Investment

China’s Dec Fixed-Asset Investment Decline Fastest on Record, Private Investment Drops for Third Consecutive Year

Electricity

China’s Electricity Consumption Tops 10 Tn kWh for First Time in 2025, But Growth Slows

China Vows to Accelerate Clearance of Arrears Owed to Enterprises, Quickly Allocate Special Bonds for Arrears Clearance

Consumption

China Studies New Measures to Boost Consumption, Accelerate New Growth in Service Sector

Yuan

China Sees No Need to Gain Trade Advantage Through Depreciation, Yuan’s Stability Supported, Says PBOC

Real Estate

PBOC Lowers Minimum Down Payment for Commercial Property Loans to Reduce High Inventory

Export

China’s Imports and Exports Surpass 45 Tn Yuan in 2025, Mechanical and Electrical Products Make Up Over 60%

PBOC

PBOC Buys Net 120 Bn Yuan Government Bonds in 2025, Signals More Flexible Operations Ahead

Credit

China’s Loans and Credit Growth Exceed Expectations in Dec, Corporate Loans and Equity Financing Stand Out

PBOC

PBOC Announces Structural Rate Cut, Sets Up 1 Tn Yuan Re-lending for Private Enterprises

PBOC Conducts RMB 900 Bn 6-Month Outright Reverse Repo to Boost Jan Liquidity

Export

China’s Dec Export Growth Tops Expectations, Imports Improve; Full-Year Trade Surplus Hits Record $1.19 Tn