Bankinter: First data on Golden Week spending: international daily travel is estimated to have increased +19% year-on-year, surpassing pre-covid levels. On the first day of this holiday week, foreign travel increased 40%, according to Trip.com (up 30% to Europe) and rail travel reached record highs. According to Alipay, tourists who have travelled abroad have spent 120% more than last year. Other indicators, however, such as travel to Hong Kong showed…

One aspect that should not be neglected is an international trade that, especially where China is concerned, is becoming more tense. While the EU and the US have already taken the step of increasing their tariffs, it is now Canada that has announced a 100% tariff on imports of Chinese electric vehicles and another 25% tariff on steel and aluminium imported from China. More than the material effects of the…

Alicia García Herrero (Natixis) | China’s long-awaited Third Plenum is finally over. Four days of high-level meetings (from July 15 to 18) among Party leaders ended with a perplexingly vague read-out of the meeting. The press conference on July 19 has not managed to assuage China watchers’ general impression of an uneventful gathering even if 300 reforms have been counted from official media but, reportedly, most of which already underway….

Alicia García Herrero (Natixis) | China has long been a focal point for global companies, European ones included. However, a shift seems to be happening with foreign direct investment (FDI) into China, as it is now plummeting rather than booming. In fact, China’s inward FDI has turned to negative growth for the first time in 25 years. Several questions seem warranted when exploring this phenomenon. Firstly, the deceleration of FDI in…