MACRO

China’s Consumer Goods Trade-In Sales Surpass RMB 1 Tn in Jan – May, Market Urges Additional Bonds to Support Consumption

China Ramps Up Social Investment – NDRC Signals Central Budget Hike, Eyes “Investment in People” Strategy

Global Institutions Affirm Confidence in China Assets; Goldman Sachs, Morgan Stanley, and UBS Stay Bullish

China’s Jan-May Steel Exports Hit Record High, Rising 9% YoY, Shows Customs Data

China’s Export Growth Slows in May as US Shipments Plunge, Imports Fall at Faster Pace on Weak Domestic Demand

China Says EV Tariff Talks with EU Enter Final Stage, But More Work Needed

China’s Consumer Prices Continue to Drop in May, Factory-Gate Deflation Deepens — Policy Support Grows Amid Fragile Consumer Demand

High-Frequency Data Show Uneven Momentum in Infrastructure Investment Despite Policy Push

China and US to Hold First Economic and Trade Consultation Mechanism Meeting in the UK

Chongqing Suspends Consumer Goods Trade-In Subsidies as First Round of Funds Exhaust Amid Application Surge

PBOC Announces Surprise RMB 1 Tn Reverse Repo Operation to Ensure Ample Liquidity

Chinese Local Governments Borrow Over 4.3 Tn Yuan in First Five Months – Where Does the Money Go?

China to Improve Policy Toolbox for Stabilizing Employment and Economy, to Introduce New Measures as Needed, State Planner Says

China’s Services Sector Expands at Faster Pace in May Driven by Holiday Effect, Shows Private Survey

Hong Kong Sees Inflows of Western Capital; Stephen Roach Changes Views, Expects Revival Driven by Chinese Characteristics