latest news in Chinese economy

China Enacts Second Fuel Price Cut of 2026 to Ease Economic Burdens

Beijing, Saturday, 6 June 2026.
Effective June 5, 2026, China implemented its second fuel price reduction of the year, strategically lowering transportation costs to insulate its domestic economy from global crude oil volatility.

Inside China's Economic Strategy: Funding Tech Dominance at the Consumer's Expense

Beijing, Monday, 1 June 2026.
China deliberately suppresses domestic consumption, capturing 44% of GDP in household savings to fund state-backed tech dominance, setting the stage for a looming global trade war in 2026.