China’s credit expansion fell short of expectations in October with loans contracting for the third time this year, as greater policy support struggled to offset persistently weak borrowing demand

China’s commercial lunar push is growing too. Tianyi Space is building TY200 — a 100 kg commercial lunar SAR sat targeting a dedicated launch by end-2027. It's also a joint mission with the undisclosed launch provider to build a “cislunar special train”, using an integrated satellite-rocket design in which the satellite directly controls ignition and attitude. Onboard AI handles autonomous operation and navigation, while commercial ground stations provide telemetry, without relying on the national deep-space network. The platform supports multiple payloads and is envisioned for lunar landing and Mars exploration, aiming at a reusable, low-cost commercial deep-space transport model. The main payload is a dual-band P/Ku synthetic-aperture radar. P-band wavelengths penetrate several to tens of meters of lunar regolith, enabling detection of mare lava tubes whose stable thermal environment and natural shielding against radiation and micrometeorites make them high-priority sites for future research stations. Ku-band delivers 0.25 m resolution imaging of young tectonic and volcanic surface features.