MACRO

China-U.S. Economic and Trade Teams Reach Preliminary Consensus in Malaysia Consultations 

Global Institutions Raise China’s 2025 Growth Outlook on Strong H1 Data, Expects Further Policy Support in H2

China’s Manufacturing Activity Shrinks at Slower Pace in Jun, Demand Returns to Expansion Territory

China’s Bond Funds Outperform as Yields Decline, Investors Pivot Amid Low Interest Rates

China to Issue Third Round of Consumer Goods Trade-In Subsidies in July, Says State Planner NDRC

China’s Top Audit Reveals New Wave of Hidden Local Government Debts Despite Crackdown

China Vows More Proactive Fiscal Policies, Introduce Incremental Reserve Measures as Needed to Bolster Economy

PBOC and Five Regulators Roll Out Financial Package to Boost Services and New-Era Consumption

China’s Local Government Special-Purpose Bond Issuance Accelerates in Jun; Q3 Total May Exceed 2 Tn Yuan

Chinese Yuan Drops in SWIFT Rankings, But Long-Term Global Payment Momentum Remains

China’s Fiscal Revenue Growth Slows in May as Non-Tax Income Falls for First Time Since 2024, Land Sales Resume Decline

China’s Lithium Battery Exports See Growth in May, Consumer Goods Exports Remain Sluggish

Beijing Confirms Continuation of Consumer Goods Trade-In Subsidies with 138 Bn Yuan Central Funds to Come in H2

Freight Rates See Largest Single-Day Surge of the Year as Israel-Iran Conflict Forces Global Vessels to Reroute

International Monetary System to Evolve into Multipolar Structure with a Few Competing Sovereign Currencies, Says PBOC Governor