🇨🇳 China's industrial profits are at a 30-month high. Retail sales are at a 40-month low.
🇨🇳 PBOC's May easing has reached the offshore channel, but the order book hasn't followed
🇨🇳 Hong Kong exports up 43%: China is deep in the AI hardware boom and keeping its researchers at home
🇨🇳 China just classified AI researchers at DeepSeek and Alibaba alongside its nuclear scientists
🇨🇳 China's 41-month factory deflation just ended. The global disinflation subsidy went with it.
🇨🇳 Trump's tariff escalation authority was stripped before Beijing. The CEO delegation is the substitute.
🇨🇳 China's 41-month deflation streak is over. The energy shock that ended it puts the PBOC in a bind.
🇨🇳 China's reflation signal is real. The recovery it implies isn't.
🇨🇳 DeepSeek's first outside raise comes at a $50 billion valuation, and Beijing's sovereign AI fund wants in
🇨🇳 China's FX reserves hit $3.411 trillion in April, but the dollar's weakness did most of the work
