China Musings | Asia Pacific 3 New Shifts, 1 Sticky Theme We address three changes that have taken place since our mid- year outlook (trade talks, trade-ins, and the trickle of reform), and one that hasn't: why deflation remains the core macro constant. June 12, 2025 08:24 AM GMT • Allocated trade-in funding is used up in some regions: According to official disclosures, the central government has allocated and distributed two batches of trade-in funds. Rmb81bn on January 6, and another Rmb81bn in late April ...

May 6, 2025 08:03 AM GMT Investor Presentation | Asia Pacific M Foundation What's Next for Tariffs and Stimulus? Morgan Stanley Asia Limited+ Robin Xing Chief China Economist Robin.Xing@morganstanley.com +852 2848-6511 For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report. M China's Growth to Slow to 4.2% in 2025 amid Tariff Shock Growth to soften meaningfully in Q2-Q3 Deflation pressure will remain persistent 3.5 4.0 4.5 5.0 5.5 6.0 6. ...