SCMP: 'Due to large interest rate differentials between China and the US, regular inflows from domestic exporters have dried up. Businesses have chosen to keep their US dollars offshore in deposits that earn them over 5 per cent – compared to around 1.5 per cent on yuan deposits…

Beijing has joined the lengthening list of cities proposing 'an action plan to facilitate equipment renewals and encourage trade-ins of consumer goods.'

Unfortunately they don't list the most important factor, the amount of subsidies to be distributed.
chinadaily.com.cn/a/202404/29/WS…

While the overall property market languishes, luxury residential projects in Shanghai seem to be selling quickly.

yicaiglobal.com/news/luxury-ho…

Yicai: 'Chengdu in southwestern Sichuan province has become the latest Chinese city to have lifted house purchase restrictions to boost market demand.'

Chengdu has long been considered one of the better housing markets.

yicaiglobal.com/news/chengdu-i…

Almost every day the Chinese press posts articles denouncing foreign claims of Chinese overcapacity. This is today's.

english.news.cn/20240429/f9e4c…