News · Policy · Japan, China, India · 23 Sept 2026
China doesn't just mine rare earths. It makes nearly all the world's rare-earth magnets, and in 2025 it used that chokehold to force its way into trade talks with Washington. U.S. President Donald Trump can't afford to ignore the leverage days weeks away from the end of the one-year deal.
Deep Dive · Macro · China, Japan · 27 Jul 2026
A structural shift in the geography of low-cost financing is underway across trade finance, bond markets and official liquidity channels, though not yet in headline policy rates.
News · Macro · Japan, China · 27 Jul 2026
Japan's path to normalization has given way to a new source of cheap funding to not just the region, but to the wider world as China's two-pronged strategy to stoke its economy and negate the effects of U.S. tariffs keeps rates low.
Deep Dive · Policy · China, US · 9 Jul 2026
Why a US statutory gold revaluation is a balance-sheet exercise, not a monetary regime change, and what fifty years of monetary history actually teach about the limits of coordinated adjustment.
News · Policy · China, US · 9 Jul 2026
The International Monetary Fund cut its global growth forecast this week, and the reasoning was almost more revealing than the number itself. The fund said Wednesday it was modestly downgrading its outlook for the world…
Deep Dive · Banks · China · 3 Jul 2026
PBOC monetary survey data puts Chinese banks' net foreign assets near $1.5 trillion. BoP-consistent SAFE data says $624 billion. The whole gap sits on the liability side, where $1.49 trillion of gross external obligations still needs watching.
News · Banks · China · 3 Jul 2026
China's banks hold either $1.5 trillion or $624 billion in net foreign assets, depending on which branch of the Chinese government is doing the counting. The difference is not a rounding error.
News · Policy · China · 18 Jun 2026
Beijing made a quiet decision to stop fighting its own currency. The bill is coming due for the exporters who weren't paying attention.
Deep Dive · Rates & FX · China · 17 Jun 2026
Structural forces behind the renminbi's controlled appreciation — China's $1.189 trillion surplus anchor, regime-sensitive volatility, and the corporate hedging reckoning now forcing a decade of complacency into reverse.
