China's economy surpassed expectations in the first quarter, growing at a rate of 5.3 percent year-on-year, comfortably exceeding the 4.6 percent increase forecasted by a Reuters poll of economists.
China Market Intelligence
Top Stories
May 9th, 2024
May 9th, 2024
The State Council recently launched its “trade-in old for new” (以旧换新) campaign intended to upgrade China’s manufacturing capability and incentivize consumers to make big-ticket purchases.
While the central government-level message is positive, it remains to be seen how effective this campaign will be at the local level, where these programs will be implemented.
May 9th, 2024
A bill to alter the de minimis provision was recently approved by the House committee with jurisdiction over trade.
The bill would subject many products from China to tariffs they were previously able to bypass.
Since it lacks Democratic support, the chances of it becoming law in Congress this year are slim.
April 18th, 2024
The Biden administration has characterized its strategy for regulating commerce with China as a “small-yard, high-fence” approach, saying it will promote what it can and protect what it must. Under this framework, access to certain dual use technologies and services is controlled, while other, non-sensitive areas are not restricted, tariffs notwithstanding.
April 18th, 2024
The US-China Commercial Issues Working Group (CIWG), the first commercial bilateral mechanism between the United States and China in seven years, recently concluded its first meeting, which took place in Washington, DC.
April 18th, 2024
China has seen several high-level personnel changes at the central and provincial levels over the last few months. On February 7, Wu Qing (吴清), previously the deputy party chief of Shanghai, assumed the role of chairman of the China Securities Regulatory Commission (CSRC), succeeding Yi Huiman (易会满).
April 5th, 2024
Deflation, overcapacity, and lack of confidence present major hurdles for consumption in China and for the country’s economy at large.
While the Chinese government has long acknowledged these challenges, it has struggled to develop a comprehensive strategy to incentivize spending.
April 3rd, 2024
China’s leadership is ramping up engagement with foreign business executives as the country works to increase foreign direct investment, which reached a 30-year low in 2023 amid poor sentiment from the business community driven by concerns over weak demand, overcapacity, geopolitical uncertainty, and long-standing regulatory issues.
April 3rd, 2024
After six months of anticipation, the Cyberspace Administration of China (CAC) finalized the Provisions on Facilitating and Regulating Cross-Border Data Flow on March 22, representing a pivotal step in the evolution of China's data governance landscape. The provisions serve as a final rule to the draft rule released in September 2023.
April 3rd, 2024
With Representative Mike Gallagher (R-WI) leaving Congress on April 19, House Speaker Mike Johnson (R-LA) was tasked with picking Gallagher’s replacement to chair the Select Committee on the CCP. Within a couple of days, Johnson chose Representative John Moolenaar (R-MI), a five-term congressman and current member of the select committee.
