China Macro Tracker

China Issues RMB 225 Bn in Special Treasury Bonds, 30-Year Government Bond Yield Rises Amid Long-End Market Volatility

Payment Data Signals Stronger Outbound Travel and Overseas Consumption in Extended Holiday

China’s Extended Holiday Drives Long-Distance Travel, Multi-City Trips, Smaller-City Tourism and Outbound Travel

PBOC Buys Gold for 23rd Consecutive Month, Monthly Purchase Hits Highest of Current Cycle

Wuhan Releases Detailed Rules for “8/28” Housing Reform, Introducing Bank Guarantee Mechanism for First Time

China’s Mortgage Interest Subsidy Takes Effect, Another Fiscal Measure Set to Follow

Guangzhou Releases Rules for Housing Sales Reform, Allowing Up to 5% Deposits for Completed-Home Sales

China’s Manufacturing PMI Returns to Expansion as Services and Construction Rebound

PBOC Steps Up Structural Monetary Policy Support to Boost Investment, Innovation and Private Financing

China Launches One-Year Mortgage Interest Subsidy for Eligible First-Home Buyers

Shanghai Announces Detailed Home Sales Rules, Tightening Presale Fund and Mortgage Controls

China Unveils Financial Support Measures for Asset-Light Services, Targeting AI R&D and Computing Infrastructure

China’s State Council Signals Stronger Countercyclical Policy to Stabilize Growth and Domestic Demand

Former Japanese Foreign Minister Iwaya Takeshi Leads Delegation to China, Seeking to Improve Bilateral Relations

China, US Reach $30 Bn Reciprocal Tariff Reduction Framework, Establish AI Dialogue, and Agree to Increase Flights