PBOC
Macro
China Commits to Easing Cycle as Property Crisis Forces Monetary Divergence
PBOC signals explicit support for RRR and rate cuts in 2026, departing from Western tightening as domestic demand crisis deepens.
Macro
China’s Private Sector Factory Surge Hits Five-Year High as Divergence With Official Data Widens
Caixin PMI jumps to 52.1 in February, fastest expansion since December 2020, while state data shows contraction—a split that complicates PBOC policy calculus and signals uneven recovery.