Liu He; Fiscal Allocation; Economic Stats; Signal Ban; US-China 2+2; EU-US Officials Sanctions; Unicorns

Intelligence and Insights on China's government actions, foreign policy, economy, and the capital markets.

We focus on China’s latest statement of fiscal balance that reveals changes in fiscal revenue and distribution. We digest a series of economic releases in 2021 to examine the subsector shifts underneath the broader economy. China’s Vice Premier Liu He visited Liaoning as the first stop after this year’s two sessions. We analyze the strategic intent.

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