🇨🇳 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
🇨🇳 Hong Kong's retail streak has reached 11 months, and both the volume data and PBoC's timing suggest the underlying demand is softer than it looks
🇨🇳 China's Q1 GDP printed 5.9% — the record beat is real, the front-loading question is realer
🇨🇳 China's PMIs split in April: manufacturing held, services contracted, and stimulus still hasn't closed the demand gap
