China's economic rebalancing and stimulus

Inflation eases (CPI 1.9%) giving PBOC room; services PMI at two-year low. Property slump drags iron ore to one-year low. Bond market tweaks to attract foreign investors. Trivium analysis: Beijing deliberately not stimulating to deleverage. BRI green energy engagement hits record $19.6B in H1 2026. Consumption slump persists despite policy pledges.