string(13) "markets-macro"

Macro

September 23, 2024

A gaffe and half

US President Joe Biden has confirmed China’s suspicions about the Quad. On Saturday, Biden hosted Australian, Indian, and Japanese Prime Ministers Anthony Albanese, Narendra Modi, and Kishida Fumio in Delaware for the Quadrilateral Security Dialogue, aka “the Quad.” ICYDK: The Quad, made up of Austr… Username Password Remember Me Forgot Password

US President Joe Biden has confirmed China's suspicions about the Quad.
On Saturday, Biden hosted Australian, Indian, and Japanese Prime Ministers Anthony Albanese, Narendra Modi, and Kishida Fumio in Delaware for the Quadrilateral Security Dialogue, aka “the Quad.”
ICYDK: The Quad, made up of Austr...

sources

News.com.au: China ‘testing us’, Joe Biden tells Quad leaders

Reuters: Quad group expands maritime security cooperation at Biden's farewell summit

September 23, 2024

Beijing uses new harvest festival to spotlight rural development

China marked its seventh annual Chinese Farmers’ Harvest Festival over the weekend, featuring markets, a state media blitz, and a message from Xi Jinping himself. The big guy congratulated farmers for overcoming natural disasters this year and expressed confidence in yet another bumper harvest ahea…

China marked its seventh annual Chinese Farmers’ Harvest Festival over the weekend, featuring markets, a state media blitz, and a message from Xi Jinping himself.

The big guy congratulated farmers for overcoming natural disasters this year and expressed confidence in yet another bumper harvest ahea...

sources

People's Daily: 习近平向全国广大农民和工作在“三农”战线上的同志们致以节日祝贺和诚挚问候

Farmer's Daily: 农民日报仲农平文章：丰收中国壮哉农民

September 23, 2024

Provincial environmental regulators to take over major EIA reviews from municipalities

Provincial environmental regulators are shouldering more responsibility. On Friday, the Ministry of Ecology and Environment (MEE) released guidelines for reforming environmental impact assessments (EIAs). Some context: By law, all construction projects must undergo EIAs. National, provincial, …

Provincial environmental regulators are shouldering more responsibility.
On Friday, the Ministry of Ecology and Environment (MEE) released guidelines for reforming environmental impact assessments (EIAs).
Some context: By law, all construction projects must undergo EIAs.

National, provincial, ...

sources

MEE: 关于进一步深化环境影响评价改革的通知

MEE: 生态环境部环境影响评价与排放管理司有关负责人就《关于进一步深化环境影响评价改革的通知》答记者问

September 23, 2024

MoF names and shames local governments over hidden debts

The finance ministry (MoF) is worried that local governments are continuing to accumulate hidden debt. On Thursday, MoF published details of eight such cases uncovered in 2023. ICYDK: Local governments are only allowed to borrow money by issuing bonds subject to an annual quota. Hidden debt re…

The finance ministry (MoF) is worried that local governments are continuing to accumulate hidden debt.
On Thursday, MoF published details of eight such cases uncovered in 2023.
ICYDK: Local governments are only allowed to borrow money by issuing bonds subject to an annual quota.

Hidden debt re...

sources

MoF: 财政部关于八起地方政府隐性债务问责典型案例的通报

September 23, 2024

Local governments sound the alarm on potential debt defaults

This won’t come as a surprise, but China’s local governments are struggling to service their debts. Various localities sounded the alarm in recently published H1 budget reports. According to the government of Guilin, capital of Guangxi province: “The sustained property market downturn…has signifi…

This won't come as a surprise, but China's local governments are struggling to service their debts.

Various localities sounded the alarm in recently published H1 budget reports.

According to the government of Guilin, capital of Guangxi province:

“The sustained property market downturn…has signifi...

sources

Huaiji County People’s Government: 关于怀集县2024年上半年财政预算执行情况的报告

Dadukou District Bureau of Finance: 重庆市大渡口区2023年预算执行情况和2024年预算草案的报告

Guilin Municipal Bureau of Finance: 关于2024年上半年全市预算执行情况的报告

Guosheng Securities: 土地成交下降超四成，城投拿地近七成——2024年8月土地市场盘点 | 国盛固收杨业伟团队

September 21, 2024

How to win AI and influence people

We couldn’t help but notice: Beijing is increasingly seeking to build a diplomatic circle of friends around the idea of collaborative AI innovation. Case in point: On Thursday, Minister of Science and Technology Yin Hejun attended the G20 Research and Innovation Ministers’ Meeting in Brazil. At the …

We couldn't help but notice: Beijing is increasingly seeking to build a diplomatic circle of friends around the idea of collaborative AI innovation.
Case in point: On Thursday, Minister of Science and Technology Yin Hejun attended the G20 Research and Innovation Ministers' Meeting in Brazil. At the ...

sources

Ministry of Science and Technology: 科技部部长阴和俊率团出席二十国集团研究与创新部长级会议

MIIT: 金壮龙会见香港特别行政区行政长官李家超

September 21, 2024

A mandate for machine makeovers

It’s an industrial upgrading extravaganza! On Friday, the industrial ministry (MIIT) released new guidelines for equipment and technology upgrading in key industrial sectors. The guidelines spell out how enterprises across a range of industries should replace aging equipment with energy-efficient, …

It's an industrial upgrading extravaganza!
On Friday, the industrial ministry (MIIT) released new guidelines for equipment and technology upgrading in key industrial sectors.
The guidelines spell out how enterprises across a range of industries should replace aging equipment with energy-efficient, ...

sources

Gov.cn: 工业和信息化部办公厅关于印发工业重点行业领域设备更新和技术改造指南的通知

September 21, 2024

Bayer nabs first data export negative list approval in Beijing

Good news for foreign companies: Some data export procedures are speeding up. On Wednesday, the Beijing municipal government announced that pharmaceuticals giant Bayer has become the first company to pass the city’s newly instituted data export negative list system. Some context: After a botched at…

Good news for foreign companies: Some data export procedures are speeding up.
On Wednesday, the Beijing municipal government announced that pharmaceuticals giant Bayer has become the first company to pass the city’s newly instituted data export negative list system.
Some context: After a botched at...

sources

Beijing Gov: 本市首个数据出境负面清单备案完成

September 21, 2024

China announces rewards for food safety whistleblowers

Beijing wants workers to watch out for food safety violations. On Thursday, the market regulator (SAMR) and finance ministry (MoF) instructed their local bureaus to encourage whistleblowing at food companies. Eligible whistleblowers include current staff, individuals who left the job within the pas…

Eligible whistleblowers include current staff, individuals who left the job within the pas...

sources

SAMR: 市场监管总局财政部关于对食品生产经营企业内部举报人举报实施奖励的公告

Gov.cn: 市场监管总局财政部关于印发《市场监管领域重大违法行为举报奖励暂行办法》的通知 (2021)

Guancha: 市场监管总局公开征求意见：食品企业内部吹哨人实名举报，最高奖100万

September 21, 2024

ICYMI: Foreign affairs roundup

While we’ve been focused on China-EU EV tariff negotiations and the US Congress’ China Week, there’s been lots more happening in the geopol space. Here’s a smattering of the stuff that’s mattering: Last Friday, the US confirmed that it would proceed with proposed tariff hikes on a range of Chinese …

Last Friday, the US confirmed that it would proceed with proposed tariff hikes on a range of Chinese ...

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Asia Times: China says new US tariffs ‘compounding its mistakes’

Gov.cn: Chinese vice premier talks with UK chancellor of exchequer on economic cooperation

Taiwan News: China ends tariff exemptions on 34 Taiwanese products

Reuters: China hits 9 US firms with property freeze over weapons sales to Taiwan

September 21, 2024

EU-China EV tariff talks: Stalled in the fast lane

The EU and China haven’t reached a breakthrough on proposed EV tariffs. Yet. On Thursday, Commerce Minister Wang Wentao met with EU Trade Chief Valdis Dombrovskis in Brussels to strike a deal averting the EU’s planned tariffs on EVs imported from China. Some context: Before Brussels, Wan…

The EU and China haven’t reached a breakthrough on proposed EV tariffs.

Yet.

On Thursday, Commerce Minister Wang Wentao met with EU Trade Chief Valdis Dombrovskis in Brussels to strike a deal averting the EU’s planned tariffs on EVs imported from China.
Some context: Before Brussels, Wan...

sources

MofCom: 商务部部长王文涛与欧委会执行副主席兼贸易委员东布罗夫斯基斯举行磋商

SCMP: EU and China trade negotiators fail to strike deal on electric vehicle imports

September 21, 2024

Raising the retirement age is easier said than done

The State Council was swift to implement the legislature’s decision to raise the official retirement age. On Thursday, Premier Li Qiang chaired a meeting with key ministers and local governments to kick off the process. The government has a lot of work to do before the retirement age officially star…

The State Council was swift to implement the legislature’s decision to raise the official retirement age.
On Thursday, Premier Li Qiang chaired a meeting with key ministers and local governments to kick off the process.
The government has a lot of work to do before the retirement age officially star...

sources

Gov.cn: 李强在实施渐进式延迟法定退休年龄工作动员部署视频会议上强调稳妥有序实施渐进式延迟法定退休年龄改革为推进中国式现代化提供重要支撑丁薛祥出席

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