China’s domestic car sales plunged 23.1% year-on-year to 2.8 million vehicles during the first two months of 2026, as fading subsidies and policy changes have dampened demand. New energy vehicles (NEVs) had a particular large drop, with sales falling 27.5% during the period. One big hit to NEV sales was the removal of a tax […]
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Caught in the flow
China is a big player these days in many global issues, but in this new Iran war it is to a large extent a bystander, feeling the effects and trying to work out how this is going to play out. The initial consequences are a sharp cut in seaborne oil supplies from the Gulf, a […]
China set its economic growth target for 2026 at 4.5%-5%, a downgrade from the 5% pace achieved last year, reports Reuters, which says the target leaves room for greater, albeit not decisive, efforts to curb industrial overcapacity and rebalance the economy. China also released its 15th five-year plan, and as widely expected, pledged investments in innovation, […]
China will issue special sovereign bonds to recapitalize some of its largest banks, reports Bloomberg. The move marks an expansion of Beijing’s efforts to fortify the nation’s $69 trillion financial system against a cooling economy and market volatility. A total of RMB 300 billion ($44 billion) worth of special government bonds will be sold this year […]
China set a cautious new climate target for the rest of the decade, reports Bloomberg, which says the goal frustrates hopes for tighter policy that would accelerate the nation’s work to curb emissions. A new goal pledges to cut carbon emissions per unit of GDP by 17% by 2030 and compares to a previous objective to […]