China

China to hold rare DC trade talks; Trump warns of 200% tariffs over rare earth exports

• Renewed U.S.–China trade dialogue tempers near-term tariff risks, but Trump’s tariff threats keep geopolitical risk premia elevated for FX and commodities.

Senior Chinese trade negotiator heads to Washington for first round of talks

• U.S.–China tariff truce gains traction as Washington talks open, lifting hopes for trade stability.

PBOC is expected to set the USD/CNY reference rate at 7.1551 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

China to showcase military strength with new hypersonic weapons at parade

• China’s military parade will feature 45 troop contingents, new aircraft, hypersonic precision strike arms, and large-scale mobilization using Beidou technology

PBOC says to implement and refine moderately loose monetary policy

• The Chinese central bank issues their Q2 monetary policy implementation report

Reports that China has suspended car trade in subsidies in multiple regions

• This was similar to 'cash for clunkers' stimulus

Financial Times reports that China warns foreign companies against stockpiling rare earths

• China will be using the material for leverage

China July home prices fall, even as Beijing eases suburban purchase restrictions

China’s exports face pressure due to external uncertainties, firms face more difficulties

• National Bureau of Statistics (NBS) spokesman with the remarks

China July factory output, retail sales miss forecasts, highlight growth challenges

• Recapping the disappointing Chinese data

China July data: Retail sales +3.7% y/y (exp +4.6). Industrial prod +5.7% y/y (exp 5.9%)

• Economic activity data from China for July 2025

China July China home prices show continued falls both m/m and y/y

• China's property sector continues to languish under the heavy weight of debt

China's July economic data are due on Friday August 15 - preview

• Economists are divided on the outlook for China’s July economic data

China to host "Anti-US summit" following the Trump-Putin Alaska meeting

• How the Nikkei describes this year's summit of the Shanghai Cooperation Organization on August 31 and September 1.

China July M2 money supply +8.8% vs +8.2% y/y expected

• Latest Chinese credit data for July 2025 has been released