While the annual budget presented at the NPC implies an acceleration in fiscal expenditure this year, early signs are that spending has slowed in Q1, weighing on economic activity. Fiscal spending...

Export growth cooled over the first two months of 2025, with tariff front-running providing less of a boost to demand than we had anticipated. This slowdown comes before any substantial hit from...

Chinese policymakers have stuck with an ambitious target for real GDP growth but have become more cautious on the outlook for nominal growth and inflation. And while they did deliver some increase in...

The events of the past two weeks have called into question whether the US is severing ties not just with adversaries such as China but also allies, including Canada, Mexico and the European Union...