Beijing swaps credit quotas for market rules
as deleveraging narrows the old credit model, Beijing is reallocating finance across government bonds, banks, corporate debt and equity, redistributing risk and changing how the state steers capital
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same K, different diagnoses
PRC economists have stopped asking whether the economy is dividing; the live argument is what is holding the lower arm down, and each answer sends policy to a different desk
what's Beijing's response to NEV involution?
Weakening demand for NEVs (new energy vehicles), continued production growth and a prolonged price war have put sustained pressure on industry margins.
beyond the harvest, toward resilience
Beijing is strengthening agriculture’s weak links before floods, drought, price swings, or supply-chain stress hit
July 2026: two economies, one country
warm welcome all
pricing China's AI+ energy plan
the AI+ energy action plan: how is it shifting policy?
building real-world evidence for drugs
rather than manufacturers’ projections, Beijing wants its own evidence on drug effectiveness; it will reshape how drugs are priced and reimbursed
PRC drone economy sheds hobbyists for workflows
whether Beijing backs a drone or blocks it comes down to one test: can it be tracked
Shanghai ringfences an offshore bond market
rebooted FTZ offshore bonds are offshore in all but geography; Beijing supplies the architecture, the market must supply the scale
Beijing pulls capital back toward the real economy
Beijing is talking about the real economy again
Can the PRC petrochemical sector close the high-end gap?
A companion brief, Hormuz tests the PRC petrochemical build-out, argued that the PRC has won the low-end bet but that the most advanced materials are not yet within reach.