Link Securities | The Chinese government has released certain economic figures for the January–February 2026 period: Thus, industrial production rose by 6.3% year-on-year in the two-month period of January and February, exceeding the 5% consensus forecast by analysts and the 5.2% recorded in December. Industrial robots, smartphones and integrated circuits stood out in this figure. Production of personal computers, solar panels and steel fell, whilst passenger vehicle production contracted by…

Bankinter | The CPI in China moderates to 0.2% year-on-year against 0.4% expected and 0.8% previously, while Industrial Prices accelerated to negative 1.4% against -1.5% expected and -1.9% previously. Analysis team’s view: Negative impact. Inflation moderates more than expected, although it is distorted by a base effect comparing January 2025, when Chinese New Year was celebrated, versus January 2026, when there was no such holiday as this year it begins…

Bankinter | Commercial banks have kept one-year and five-year rates unchanged for the seventh consecutive month at 3.0%, in line with consensus expectations. These rates are used as a benchmark for short-term corporate loans. Five-year rates remain at 3.50%, also in line with estimates. These five-year rates are the benchmark for mortgage loans. The last time cuts were made was in May. Analysis team’s view: The deterioration of the economy…

Bankinter | Yesterday marked the biggest online shopping event of the year in China (and the world), known as ‘Singles’ Day’ (11.11). Launched in 2009 by Alibaba as a promotional event, it has grown in duration over the years. In 2025, it began on 9 October (JD.com) and 11 October (Alibaba), the earliest start in its history, resulting in a duration of five weeks compared to 28 days in 2024…