China Macro Tracker

China’s Export Growth Accelerates to 7.2% in Jul, Imports Grow Fastest Since Aug 2024

China to Waive Kindergarten Senior Class Fees Nationwide Starting Fall, 20 Bn Yuan Subsidy Funds to Be Released Soon

Consumption

Multiple Chinese Provinces Uncover Fraud in Equipment Renewal, Consumer Goods Trade-In Schemes

Consumption

China’s Consumer Goods Trade-In Policy Spurs Over 3 Tn Yuan in Sales, Benefits 430 M People

Banks Prepare for Consumer Loan Interest Subsidy Policy — What Comes Next?

Several Chinese Regions Ramp Up Housing Support for Families with Multiple Children

China Sees Rise in Flexible and Pending Employment Among College Graduates, Job Opportunities Shifting to Smaller Cities

China Unveils Comprehensive Financial Measures to Strengthen Support for New Industrialization

Government Bond

China’s Local Government Special-Purpose Bond Issuance Hits Highest This Year in Jul

Tax

China Strengthens Regulation of Personal Overseas Income, Gains from Overseas Stock Trading to Be Taxed

China’s Travel Service Exports Surge Nearly 70% in H1 2025 as Inbound Tourism Heats Up

Chinese Machinery Industry Profits Grow 9.4% in H1, Strategic Emerging Industries Sustain Momentum 

PBOC

PBOC’s Mid-Year Meeting Emphasizes Moderately Loose Monetary Policy, Offshore RMB Liquidity, and Financial Reform

Real Estate

Over 60% of A-Share Property Developers Forecast Losses in H1, Top 100 Sales Decline Worsens Through Jul

AIConsumption

China Approves “AI+” Initiative to Accelerate AI Application, Unveils Interest Subsidies to Boost Consumption and Innovation