🇨🇳 China's record surplus masks a factory-gate squeeze that is ending two years of cheap-goods disinflation
🇨🇳 China's record $105bn surplus lands, and the Iran war may be doing what the PBOC could not
🇨🇳 China's PMI divergence looks manageable; what's happening to producer margins does not
🇨🇳 China's split-survey PMI exposes a domestic demand failure the PBOC is trying to work around
🇨🇳 Caixin services jump to 54.4 as manufacturing returns to stall speed
🇨🇳 China's May manufacturing PMI flatlined at 50.0 as new orders fell back into contraction
🇨🇳 China's record April surplus masks an ASEAN re-routing play
🇨🇳 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
