China Macro Tracker

Decoding China’s 5.3% Growth in H1 2025 – Strong Consumption and Exports Amid Investment Weakness

Real Estate

China’s Urban Development Shifts from Incremental Growth to Stock Optimization: Six Key Signals from First Central Urban Work Conference in a Decade

Charitable Organizations Entagled in Local Government Debt as 15 Bn Yuan Charity Funds Flow to Financing Vehicles

China-Europe Railway Express Container Volume Falls 7% in H1 2025 Amid Declining Russian Demand and Trade Disruptions

China’s Ministry of Agriculture Vows to Stabilize Pig Production Through Orderly Slaughter and Optimized Capacity Controls

Real Estate

Second-Hand Home Prices in China’s Tier-1 Cities Fall 0.7% MoM for Two Consecutive Months, YoY Decline Widens Further

Economy

China’s Industrial Capacity Utilization Continues to Decline in Q2 Amid Anti-Involution Efforts

China’s Retail Sales Growth Slows to 4.8% YoY in Jun, Catering Revenue Grows Slowest Since 2023

China’s Fixed-Asset Investment Growth Slows Sharply to 2.8% in H1 Amid Manufacturing and Real Estate Weakness

Economy

China’s Industrial Output Jumps 6.8% YoY in Jun, Far Exceeding Market Expectations

China’s Q2 GDP Growth Slows to 5.2%, Analysts Expect More Policy Support as Momentum Weakens in H2

PBOC

PBOC Signals Direction on Monetary Policy Rates, Bonds, Exchange Rate, and Structural Policy Tools

China’s Exports Grow 5.9% YoY in H1 — What’s Driving the Resilience?

Economy

China’s Domestic Demand Drives Over 80% of Economic Growth, 102 Major Projects Set for Year-End Completion, Says State Planner

China’s June Export Growth Accelerates to 5.8% YoY, Decline in Shipments to US Narrows