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Fiscal Revenue Crosses 10 Trillion Yuan Milestone for the First Half China collected more than 10 trillion yuan in tax revenue during the first six months of 2026, a 4.9% increase year-on-year, according to data from the State Taxation
政府卖地收入大降31.5% 开发商拿地趋于谨慎 Revenue from land sales by China's local governments fell 31.5% year-on-year in the first half of 2026, according to Ministry of Finance data cited by state media. The steep decline underscores the depth of
SOE Profits Rise 2.4% to 22,475.8 Billion Yuan Despite Revenue Headwinds China's state-owned enterprises (SOEs) reported aggregate profits of 22,475.8 billion yuan in the first half of 2026, a year-on-year increase of 2.
PBOC Fixes Midpoint at 6.7889; Onshore and Offshore Rates Converge The People's Bank of China (PBOC) set the yuan's official central parity rate at 6.7889 per dollar on August 6, 2026, according to data
EVs, Lithium Batteries and Solar Panels Drive Export Surge China's exports of green technology products — encompassing electric vehicles, lithium batteries, and solar cells — surged 51.6% year-on-year to reach $118 billion in the first half of 2026, according
中海地产前7月合约销售220.73亿元 同比增长18.4% China Overseas Land & Investment (COLI), the Hong Kong-listed flagship property arm of state-owned China State Construction Engineering, reported contracted sales of 22.073 billion yuan for the first seven months of 2026, up 18.4%
Island Retail Boom: 21.6 Billion Yuan in Seven Months Hainan Province's offshore duty-free shopping sector posted 21.6 billion yuan (approximately $3 billion) in sales during the first seven months of 2026, representing a 17.9% year-on-year
Gold Holdings Rise to 76.08 Million Ounces China's central bank continued its marathon run of gold accumulation in July 2026, with the People's Bank of China (PBOC) reporting gold reserves of 76.08 million troy
National Accounts: 69.57 Trillion Yuan, 4.7% Full-H1 Gain China's national economy expanded at a pace of 4.7% year-on-year in the first half of 2026, with gross domestic product reaching 69.57 trillion yuan (approximately $10.
China's second-half 2026 property market is poised for four structural shifts that will reshape the competitive landscape and investment outlook, according to sector analysis released this week, as the sector transitions from "rescue" to "stabilization&