Featured Notes
The World’s First AI IPOs
Two Chinese LLM startups were listed in Hong Kong last week and saw their share prices surge significantly.
The USD/CNY is Below 7.00—What Now?
The RMB’s exchange rate against the USD finally broke 7.00 at the end of 2025.
Recent Highlights
A Chilly Start to the New Year for US-China
The text of the deal reached in Busan has still not been released, and purchase commitments do not seem to be following the original timeline.
Explaining the Retail Sales Discrepancies
China’s retail sales growth has diverged from the official rates reported by the NBS after a rebasing of 2024 data and adoption of a new methodology.
China Cranks Up Crypto Crackdown
Mainland authorities are tackling virtual currency-related activities again with a new campaign.
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