As markets await China to unveil its economic policy roadmap for the second half, economists and policy advisers have renewed calls for ramping up fiscal stimulus measures to address persistent challenges in the property sector and local government debt. Despite progress in bolstering consumption — particularly through trade-in programs in the first half, weak property market performance and fiscal strain on local governments could limit further recovery in consumption and investment, they said

Recently, the global regulatory framework for stablecoins has begun to take shape. According to industry data, the market size of stablecoins has grown from approximately $5 billion in 2020 to over $250 billion in 2025, with an annual compound growth rate exceeding 100%. Standard Chartered predicts the market could reach $2 trillion by 2028.

It is time to build a policy consensus on China's space for bold fiscal expansion, leveraging it for deep reforms aimed at improving social welfare and accelerating the country's much-anticipated economic rebalancing, according to leading economists and policy advisers at top think tanks.

On July 8, 2025, the Society for the Analysis of Government and Economics (SAGE) hosted an online lecture entitled “How Can Economics Help Us to Better Understand and Improve Today's World Economy?” This lecture was presented by Daron Acemoglu, 2024 Nobel Laureate in Economic Sciences and Professor of Economics at the Massachusetts Institute of Technology. The webinar represented the twentieth installment in SAGE's Lectures in Government and Economics Series.

China should issue 30 trillion yuan (US$4.2 trillion) in treasury bonds to swap local governments’ hidden liabilities to re-energise growth momentum and cut off financial risks at their root, a Beijing-based think tank has proposed. Such a move, combined with a few trillion yuan worth of additional bonds to shore up the property market, boost consumption and remove excessive industrial capacity, would be a strong step toward resolving China’s local-level debt and real estate crises once and for

On July 2, 2025, the 49th Tsinghua University Forum of China and the World Economy, organized by the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) at Tsinghua University, was broadcasted online. The event’s theme was entitled “China’s 2025 Mid-Year Economic Update.” Guests in attendance at the biannual forum included Hua Changchun, Chief Economist for Greater China at Kohlberg Kravis Roberts & Co. Inc. (KKR); Jin Canrong, Associate Dean and Professor of the School of Intern

The following is a summary of Qiu Baoxing's comments during a roundtable discussion at the 49th Tsinghua University Forum on China and the World Economy held at Tsinghua University, Beijing, and broadcasted online on July 2, 2025. Qiu is an Academician of the China Science Center of the International Eurasian Academy of Sciences and former Vice Minister of the Ministry of Housing and Urban-Rural Development of the People's Republic of China.