China Macro Tracker

China’s Government Work Report Drafting Team Explains 2026 Economic Growth Target

China to Strengthen Central Budgetary Investment and New Policy-Based Financial Instruments – Government Work Report

China Plans 4% Budget Deficit in 2026, Local and Ultra-Long-Term Special Bonds Unchanged from Last Year – Government Work Report

Government Bond

China to Issue 300B Yuan Special Government Bonds in 2026 to Boost Major Bank Capital, Strengthen Smaller Banks’ Risk Resolution – Government Work Report

China Sets 2026 GDP Growth Target at 4.5%–5% – Government Work Report

Shenzhen Eases Urban Renewal Rules to Accelerate Development and Boost Real Estate Investment

February 2026 China PMI: Manufacturing Contracts, Services Slightly Improve

Real Estate

China’s 2026 Land Market Outlook: “Quality over Quantity” Drives Core Urban Competition

Economy

Preview of 2026 “Two Sessions”: Key Economic and Policy Priorities

PBOC

PBOC Issues New Rules to Standardize RMB Cross-Border Interbank Financing

Yuan

PBOC Restarts Counter-Cyclical Adjustment , Cuts Foreign Exchange Risk Reserve Ratio for Forward Sales to Zero Following Yuan’s Sharp Appreciation

China Tightens PM2.5 Limits in First Air Quality Standard Revision in 14 Years

Energy

China Outlines 2026 Oil and Gas Industry Priorities, Focuses on Reserve Expansion, Production Growth, and Green Transition

Hong Kong Unveils “Finance+” Strategy to Reinforce International Financial Centre Status

China’s Post-Holiday Liquidity Test: PBOC Ensures Market Stability Amid Large Reverse Repo and MLF Maturities