string(13) "markets-macro"

Macro

October 12, 2024

Foxconn employees detained by police

Foreign media is jumping to conclusions about the reasons behind recent employee detainments at a Foxconn facility in China. The details: On Wednesday, Taiwan’s Mainland Affairs Council said four Taiwanese employees at Foxconn’s Zhengzhou campus, the world’s largest iPhone factory, have been detaine… Username Password Remember Me Forgot Password

Foreign media is jumping to conclusions about the reasons behind recent employee detainments at a Foxconn facility in China.
The details: On Wednesday, Taiwan’s Mainland Affairs Council said four Taiwanese employees at Foxconn’s Zhengzhou campus, the world’s largest iPhone factory, have been detaine...

sources

Bloomberg: China Detains Four Taiwanese Employees at Apple’s ‘iPhone City’

WSJ: China Detains Employees at Apple iPhone Factory Run by Foxconn

163.com: 突发！郑州富士康4人被捕

October 12, 2024

MofCom hints at ongoing upgrades to export controls

Beijing is shoring up its export control regime. On Thursday and Friday, policymakers met for an annual two-day conference on China’s export controls. Wang Shouwen, a vice-minister of commerce, attended and gave a keynote speech. His agency (MofCom) is responsible for export control management. So…

Beijing is shoring up its export control regime.
On Thursday and Friday, policymakers met for an annual two-day conference on China's export controls.

Wang Shouwen, a vice-minister of commerce, attended and gave a keynote speech.
His agency (MofCom) is responsible for export control management.

So...

sources

MofCom: 2024年全国出口管制工作会议在京召开

October 11, 2024

From WMPs to stocks

Regulators are worried the stock market rally will trigger a capital exodus from wealth management products (WMPs). On Thursday, Bloomberg reported that regulators have ordered banks and fund management companies to monitor the scale of WMP redemptions. Citing unnamed sources, Bloomberg also said b…

Regulators are worried the stock market rally will trigger a capital exodus from wealth management products (WMPs).
On Thursday, Bloomberg reported that regulators have ordered banks and fund management companies to monitor the scale of WMP redemptions.

Citing unnamed sources, Bloomberg also said b...

sources

Bloomberg: China Steps Up Checks of Wealth Management Products After $149 Billion Outflow

October 11, 2024

Land prices in top-tier cities defy national downtrend

Despite the real estate slump, property developers are hoovering up land in top-tier cities. In the first nine months of 2024, the average selling price of land in first-tier cities – Beijing, Shanghai, Guangzhou, and Shenzhen – climbed 10.8% y/y. In contrast, second- and third-tier cities saw avera…

Despite the real estate slump, property developers are hoovering up land in top-tier cities.
In the first nine months of 2024, the average selling price of land in first-tier cities – Beijing, Shanghai, Guangzhou, and Shenzhen – climbed 10.8% y/y. In contrast, second- and third-tier cities saw avera...

sources

China Index Academy: 2024年三季度中国房地产市场总结与趋势展望

China Index Academy: 中国房地产市场2023总结 & 2024展望

Securities Times: 百强房企业绩改善，一线城市贡献率持续提升，什么信号？

October 11, 2024

NEVs’ September success points to recovering sentiment

New energy vehicles (NEV) sales drove overall auto sales in China in September. Per the China Passenger Car Association’s (CPCA) September retail data, released Thursday: NEV sales reached 1.120 million in September, up 50% y/y Internal combustion engine (ICE) vehicle sales fell to 943,000, down 26…

New energy vehicles (NEV) sales drove overall auto sales in China in September.
Per the China Passenger Car Association’s (CPCA) September retail data, released Thursday:

NEV sales reached 1.120 million in September, up 50% y/y
Internal combustion engine (ICE) vehicle sales fell to 943,000, down 26...

sources

Yicai: 乘联会：初步统计9月乘用车市场零售206.3万辆环比增长8%

October 11, 2024

Take this speech and shove it

The mainland just gave two thumbs down to Taiwanese leader Lai Ching-te. On Thursday, Lai delivered a speech to mark the island’s National Day. As per tradition, it touched heavily on cross-strait relations (Focus Taiwan): “The Republic of China and the People’s Republic of China are not subordinat…

The mainland just gave two thumbs down to Taiwanese leader Lai Ching-te.
On Thursday, Lai delivered a speech to mark the island’s National Day. As per tradition, it touched heavily on cross-strait relations (Focus Taiwan):

“The Republic of China and the People’s Republic of China are not subordinat...

sources

Focus Taiwan: Full text of President Lai Ching-te's National Day address

Taiwan Affairs Office: 国台办：赖清德“双十”讲话蓄意加剧两岸紧张局势严重破坏台海和平稳定

October 11, 2024

Foreign affairs roundup: ASEAN Summits

Since Wednesday, Premier Li Qiang has been in Vientiane, Laos, for the China-ASEAN and ASEAN Plus Three (China, Japan, and Korea) Summits. The two summits were held as part of the 44th and 45th ASEAN Summits, which conclude today. Li also had one-on-ones with several foreign government heads on the…

Since Wednesday, Premier Li Qiang has been in Vientiane, Laos, for the China-ASEAN and ASEAN Plus Three (China, Japan, and Korea) Summits.

The two summits were held as part of the 44th and 45th ASEAN Summits, which conclude today.
Li also had one-on-ones with several foreign government heads on the...

sources

People.cn: 李强在第27次中国－东盟领导人会议上的讲话（全文）

People.cn: 李强在第27次东盟与中日韩领导人会议上的讲话（全文）

Gov.cn: 中国—东盟关于实质性结束中国—东盟自由贸易区 3.0 版升级谈判的联合声明

Reuters: China to lift ban on Australian lobster imports by year-end, says PM

Gov.cn: 李强会见日本首相石破茂

October 11, 2024

Private Economy Promotion Law released for public comment

Legislative support for private companies may exclude some of China’s biggest national champions. On Thursday, the Ministry of Justice (MoJ) and macro planner (NDRC) released a draft Private Economy Promotion Law for public comment. The fast-tracked draft is part of the government’s effort to suppo…

Legislative support for private companies may exclude some of China's biggest national champions.
On Thursday, the Ministry of Justice (MoJ) and macro planner (NDRC) released a draft Private Economy Promotion Law for public comment.

The fast-tracked draft is part of the government’s effort to suppo...

sources

MOJ: 司法部国家发展改革委关于《中华人民共和国民营经济促进法（草案征求意见稿）》公开征求意见的通知

October 11, 2024

Flash talk | The dog that didn’t bark, fiscal stimulus edition

The big story this week has been fiscal stimulus: it didn’t materialize on Tuesday at the economic planner’s (NDRC) press conference, and now all eyes are on the finance ministry’s (MoF) press conference on Saturday. In this Flash talk, Trivium Co-founder Andrew Polk and Dinny McMahon, Head of China…

The big story this week has been fiscal stimulus: it didn't materialize on Tuesday at the economic planner's (NDRC) press conference, and now all eyes are on the finance ministry's (MoF) press conference on Saturday.
In this Flash talk, Trivium Co-founder Andrew Polk and Dinny McMahon, Head of China...

October 11, 2024

SAMR updates green product certification rules

Businesses now have greater clarity on how to obtain green product certificates. On Thursday, the market regulator (SAMR) released draft rules on green product certification and labeling for public comment. SAMR last updated the rules in 2019. While the draft rules don’t fundamentally change gree…

SAMR last updated the rules in 2019.

While the draft rules don’t fundamentally change gree...

sources

Economic Daily: 绿色产品认证与标识管理办法公开征求意见

October 11, 2024

Beijing plans new regulatory framework for public data

Beijing plans to use government data as seed capital for the digital economy. On Wednesday, the general offices of the CPC Central Committee and the State Council published opinions on advancing the availability of – and use cases for – “public data”. ICYDK: “Public data” is data generated by gover…

Beijing plans to use government data as seed capital for the digital economy.
On Wednesday, the general offices of the CPC Central Committee and the State Council published opinions on advancing the availability of – and use cases for – "public data".
ICYDK: "Public data" is data generated by gover...

sources

Gov.cn: 中共中央办公厅国务院办公厅关于加快公共数据资源开发利用的意见

Yicai: “公共数据资源开发利用”有了顶层设计未来如何发展？专家详解

ijiwei: 中办、国办：将数据产业作为鼓励发展类纳入产业结构调整指导目录

October 11, 2024

Regulators move to solve mobile payment pain points for foreigners

Mobile payments in China are about to get easier for foreign travelers. Some context: Most merchants in China only accept payments via mobile platforms like WeChat or Alipay, with few accepting cash or credit cards. Chinese nationals typically bind their mobile payment accounts directly to their l…

Mobile payments in China are about to get easier for foreign travelers.
Some context: Most merchants in China only accept payments via mobile platforms like WeChat or Alipay, with few accepting cash or credit cards.

Chinese nationals typically bind their mobile payment accounts directly to their l...

sources

Xinhua: 事关境外来华人员支付便利性 8个城市试点来了！

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