string(13) "markets-macro"

Macro

September 4, 2020

MofCom says export restrictions aren’t about TikTok

They’re not related. That’s what Ministry of Commerce (MofCom) spokesperson Gao Feng said Thursday when asked if new export controls were intended to delay the sale of TikTok. Some context: On August 28, MofCom released its updated Catalog of Technologies Prohibited and Restricted from Export, which… Username Password Remember Me Forgot Password

They’re not related.
That’s what Ministry of Commerce (MofCom) spokesperson Gao Feng said Thursday when asked if new export controls were intended to delay the sale of TikTok.
Some context: On August 28, MofCom released its updated Catalog of Technologies Prohibited and Restricted from Export, which...

sources

21st Century Biz: 调整新目录为拖延Tiktok出售？商务部：目录不针对具体企业，是在履行完法定程序后发布的

Xinhua: 在维护国家安全基础上扩大对外技术交流——权威专家解读《中国禁止出口限制出口技术目录》的调整发布

September 4, 2020

China maps out semiconductor plan

Get this: China is set to import around USD 300 billion worth of semiconductors this year. Some perspective: USD 300 billion is more than Vietnam’s annual GDP. Why it matters: The dependence on foreign semiconductors is a major economic – and strategic – vulnerability in a world moving t…

Get this: China is set to import around USD 300 billion worth of semiconductors this year.
Some perspective:

USD 300 billion is more than Vietnam’s annual GDP.

Why it matters: The dependence on foreign semiconductors is a major economic – and strategic – vulnerability in a world moving t...

sources

Bloomberg: China to Plan Sweeping Support for Chip Sector to Counter Trump

September 4, 2020

Xi signals further political tightening

On Thursday, Xi Jinping and other top leaders attended a ceremony to commemorate the 75th anniversary of the end of World War II – known in China as the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War. Xi also chaired a symposium to discuss the lessons t…

On Thursday, Xi Jinping and other top leaders attended a ceremony to commemorate the 75th anniversary of the end of World War II – known in China as the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War.
Xi also chaired a symposium to discuss the lessons t...

sources

Xinhua: Xi Focus: Xi stresses carrying forward great spirit of resisting aggression

September 3, 2020

Europe trippin

As regular Tip Sheet readers know, foreign minister Wang Yi has been gallivanting around Europe for the past week. Some context: On hisfirst trip abroad since the COVID-19 outbreak in February, Wang visited Italy, the Netherlands, Norway, France, and Germany. On Tuesday, Wang said that China an…

As regular Tip Sheet readers know, foreign minister Wang Yi has been gallivanting around Europe for the past week.
Some context: On hisfirst trip abroad since the COVID-19 outbreak in February, Wang visited Italy, the Netherlands, Norway, France, and Germany.
On Tuesday, Wang said that China an...

sources

Gov.cn: 王毅谈欧洲之行的三点重要共识

Gov.cn: 王毅：中欧要努力做好六件大事

Xinhua: Chinese FM stresses non-interference in other countries’ internal affairs

September 3, 2020

Citi granted fund custody license

On Wednesday, the China Securities Regulatory Commission (CSRC) said it had granted Citigroup a fund custody license. That makes Citi just the second foreign bank – after Standard Chartered – to be allowed to hold securities on behalf of mutual and private funds domiciled in China. Some context:&n…

On Wednesday, the China Securities Regulatory Commission (CSRC) said it had granted Citigroup a fund custody license.

That makes Citi just the second foreign bank – after Standard Chartered – to be allowed to hold securities on behalf of mutual and private funds domiciled in China.

Some context:&n...

sources

CSRC: 关于核准花旗银行（中国）有限公司证券投资基金托管资格的批复

SCMP: US banking giant Citigroup granted custody licence in China as mainland fund sector further opens up

September 3, 2020

Out with the old and in with the new

After Zhang Guoqing left Tianjin for Liaoning on Tuesday, things moved quickly. Yesterday, Liao Guoxun was appointed new mayor of Tianjin. A little about Liao: Liao belongs to the Tujia minority, one of China’s 55 ethnic minority groups. Liao spent the first 31 years of his career in his native Gui…

After Zhang Guoqing left Tianjin for Liaoning on Tuesday, things moved quickly.
Yesterday, Liao Guoxun was appointed new mayor of Tianjin.
A little about Liao:

Liao belongs to the Tujia minority, one of China’s 55 ethnic minority groups.
Liao spent the first 31 years of his career in his native Gui...

sources

People.cn: 廖国勋任天津市委副书记(图/简历)

September 3, 2020

State Council focuses on air pollution

Wednesday’s State Council meeting also focused on controlling air pollution. Some context: In 2018, the State Council issued a three-year action plan for controlling air pollution. Here are the State Council’s top priorities (Gov.cn 2): “It urged continued efforts to prevent and control air po…

Wednesday’s State Council meeting also focused on controlling air pollution.
Some context: In 2018, the State Council issued a three-year action plan for controlling air pollution.
Here are the State Council’s top priorities (Gov.cn 2):

“It urged continued efforts to prevent and control air po...

sources

Gov.cn: 李克强开会部署:加强大气污染科学防治促进绿色发展

Gov.cn: China to apply research outcomes to prevent and control air pollution

SCMP: China’s plan to boost railway freight falls behind target, knocking air pollution battle off track

September 3, 2020

Monetary stimulus still not on the cards

Stop me if you’ve heard this before. China intends to maintain a prudent monetary policy that is flexible and moderate. That was what the State Council led with in the readout from its weekly meeting on Wednesday. Missing were some of the other adjectives that have been in high rotation among senior…

Stop me if you’ve heard this before.
China intends to maintain a prudent monetary policy that is flexible and moderate.
That was what the State Council led with in the readout from its weekly meeting on Wednesday.
Missing were some of the other adjectives that have been in high rotation among senior...

sources

Gov.cn: 李克强主持召开国务院常务会议要求坚持稳健的货币政策灵活适度着眼服务实体经济明确金融控股公司准入规范等

September 2, 2020

Wang Yi’s diplomatic fail

Xi Jinping’s telephonic world tour continued on Wednesday when he spoke with: Indonesian President Joko Widodo Moroccan King Mohammed VI Some context: Over the past few months, top Chinese leaders have made dozens of calls to foreign heads of state, touting support, solidarity, and the importance …

Xi Jinping’s telephonic world tour continued on Wednesday when he spoke with:

Indonesian President Joko Widodo
Moroccan King Mohammed VI

Some context: Over the past few months, top Chinese leaders have made dozens of calls to foreign heads of state, touting support, solidarity, and the importance ...

sources

Xinhua: Xi calls for new areas in China-Indonesia cooperation

Xinhua: Xi says China ready to work with Morocco on COVID-19 vaccine development

Xinhua: China, Germany should jointly promote anti-pandemic unity, help global economy recover: FM

September 2, 2020

Zhejiang and Liaoning get new Party chiefs

Yesterday was a busy day on the personnel front. The latest: Yuan Jiajun is taking over as Party boss of Zhejiang. A little about Yuan: Yuan has a PhD in aerospace engineering. Yuan has spent the majority of his career in the space industry, including as vice president of China Aerospace Scien…

Yesterday was a busy day on the personnel front.
The latest: Yuan Jiajun is taking over as Party boss of Zhejiang.
A little about Yuan:

Yuan has a PhD in aerospace engineering.
Yuan has spent the majority of his career in the space industry, including as vice president of China Aerospace Scien...

sources

People.cn: 袁家军任浙江省委书记(图/简历)

People.cn: http://renshi.people.com.cn/n1/2020/0901/c139617-31845134.html

September 2, 2020

New MIIT boss visits manufacturing companies

On Sunday, Xiao Yaqing, the new boss of the Ministry of Industry and Information Technology (MIIT), headed off on a three-day visit to check out some companies in Shanghai. Some context: Xiao was tapped to head MIIT at the end of July. This was Xiao’s first visit to companies since taking over the m…

On Sunday, Xiao Yaqing, the new boss of the Ministry of Industry and Information Technology (MIIT), headed off on a three-day visit to check out some companies in Shanghai.
Some context: Xiao was tapped to head MIIT at the end of July.
This was Xiao’s first visit to companies since taking over the m...

sources

MIIT: http://miit.gov.cn/n1146290/n1146402/n7039597/c8069082/content.html

21st Century Biz: 上任一个月，工信部长赴上海调研大飞机、航空发动机与集成电路

September 2, 2020

CCCDR promotes foreign trade

Tuesday’s CCCDR meeting wasn’t all about the dual circulation strategy (DCS) (see previous entry). The commission also approved five documents on: Promoting the innovative development of foreign trade Improving higher education in central and western China Standardizing private compulsory education…

Tuesday’s CCCDR meeting wasn’t all about the dual circulation strategy (DCS) (see previous entry).
The commission also approved five documents on:

Promoting the innovative development of foreign trade
Improving higher education in central and western China
Standardizing private compulsory education...

sources

Xinhua: 习近平：推动更深层次改革实行更高水平开放为构建新发展格局提供强大动力

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