Consumption
Macro
China’s Migrant Worker Unemployment Spike Signals Demand Fragmentation
Rising joblessness among rural-registered workers and official pivot toward rural employment absorption point to structural consumption weakness beyond real estate.
Energy
Macro
China’s industrial profits surge 15% as oil shock exposes energy dependence
Manufacturing rebound driven by high-tech gains collides with Middle East supply risks, revealing structural fragility beneath cyclical strength.
Geopolitics
Macro
China’s Services Sector Hits 33-Month High While Western Peers Stall
February PMI surge to 56.7 signals consumption resilience despite property crisis, widening gap with manufacturing-led slowdowns across US and Europe.