
HighlightsDeflationary Pressures Widen Gap between Real and Nominal GDPChina’s Export Footprint Rapidly Expands in Developing Countries So Far in 2025

HighlightsChina Condemns Attacks on Iran but Refrains from Substantive SupportChina-Linked Scam Centers in Southeast Asia Increasingly Target AmericansChinese “Zero-Mileage” Used Car Exports Distort GDP and Sales Fi

HighlightsChina and Russia Reinforce Strategic Alignment at Victory Day ParadeExport Surge Continues, Shifting Away from U.S.

HighlightsQ1 GDP Leans on Same Old DriversChina’s Surging Trade Surplus Deepens Global ImbalancesDelayed Economic Reforms Exacerbate China’s Fiscal Struggles PBOC Balances RMB Stability with Domestic Econom