string(13) "markets-macro"

Macro

May 9, 2025

Huawei brings HarmonyOS 5 to PCs, expanding its homegrown tech stack

What happened: At a developer conference on May 8, Huawei announced it will launch HarmonyOS 5 on its PC lineup for the first time. A new HarmonyOS-powered PC will debut on May 19. Some context: HarmonyOS was first introduced in 2019, initially built atop Android to maintain app compatibility. In… Username Password Remember Me … Read More »

What happened: At a developer conference on May 8, Huawei announced it will launch HarmonyOS 5 on its PC lineup for the first time.

A new HarmonyOS-powered PC will debut on May 19.

Some context: HarmonyOS was first introduced in 2019, initially built atop Android to maintain app compatibility.

In...

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The Paper: 华为鸿蒙电脑正式亮相，应用生态系统能否挑战Windows？

LatePost: 1778天，原生鸿蒙如何成为独立的操作系统

May 9, 2025

Podcast | China ramps up economic support + doubling down on exports

It’s been a long time coming, but Beijing is finally ramping up economic support to counter the fallout from tariffs. In this week’s podcast, Trivium Co-founder Andrew Polk and Dinny McMahon, Head of Markets Research, discuss the wave of monetary policy measures rolled out by financial regulators on…

It's been a long time coming, but Beijing is finally ramping up economic support to counter the fallout from tariffs.
In this week's podcast, Trivium Co-founder Andrew Polk and Dinny McMahon, Head of Markets Research, discuss the wave of monetary policy measures rolled out by financial regulators on...

May 8, 2025

Private Economy Promotion Law disappoints

In a Thursday presser, officials discussed the recently passed Private Economy Promotion Law, which comes into force on May 20. How we got here: In March 2023, a major private industry group proposed the idea of a Private Economy Promotion Law. A draft sketched out by the justice ministry…

In a Thursday presser, officials discussed the recently passed Private Economy Promotion Law, which comes into force on May 20.
How we got here:

In March 2023, a major private industry group proposed the idea of a Private Economy Promotion Law.
A draft sketched out by the justice ministry...

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NPCSC: 中华人民共和国民营经济促进法

SCIO: 国新办举行新闻发布会介绍《中华人民共和国民营经济促进法》有关情况图文实录

May 8, 2025

PBoC expands stock swap and relending program to support A-shares

China’s central bank (PBoC) has broadened the scope of its two flagship stock market support programs. Some context: In October, the PBoC launched an RMB 300 billion relending facility to help listed companies finance share buybacks. It also launched an RMB 200 billion swap facility under which ins…

China’s central bank (PBoC) has broadened the scope of its two flagship stock market support programs.
Some context: In October, the PBoC launched an RMB 300 billion relending facility to help listed companies finance share buybacks.

It also launched an RMB 200 billion swap facility under which ins...

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SCIO: 国新办举行新闻发布会介绍“一揽子金融政策支持稳市场稳预期”有关情况图文实录

May 8, 2025

NFRA to cut insurers’ risk-weighted capital requirements to boost stock market investment

The financial regulator (NFRA) plans to cut insurance companies’ capital requirements so they can ramp up stock investments. On Wednesday, Li Yunze, the head of China’s financial regulator (NFRA), said the risk weightings of insurance companies’ stock holdings will be cut by 10%. He didn’t say when…

The financial regulator (NFRA) plans to cut insurance companies’ capital requirements so they can ramp up stock investments.
On Wednesday, Li Yunze, the head of China’s financial regulator (NFRA), said the risk weightings of insurance companies’ stock holdings will be cut by 10%.

He didn’t say when...

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SCIO: 国新办举行新闻发布会介绍“一揽子金融政策支持稳市场稳预期”有关情况图文实录

Yicai: 股票投资风险因子调降10%，或带动险资入市增量资金逾1300亿

May 8, 2025

Beijing targets global agtech leadership with innovation reform effort

By 2035, China wants to be the world leader in agricultural science and technology. To achieve that goal, on Tuesday six ministries and the Chinese Academy of Sciences (CAS) released plans to overhaul China’s ag innovation system. The document plans to fix structural issues that constrain agtech inn…

By 2035, China wants to be the world leader in agricultural science and technology.
To achieve that goal, on Tuesday six ministries and the Chinese Academy of Sciences (CAS) released plans to overhaul China's ag innovation system.
The document plans to fix structural issues that constrain agtech inn...

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MARA: 农业农村部科技部教育部工业和信息化部财政部水利部中国科学院印发《关于加快提升农业科技创新体系整体效能的实施意见》的通知

Economic Daily: 建设运转高效的农业科技创新体系——农业农村部有关负责人就《关于加快提升农业科技创新体系整体效能的实施意见》答记者问

May 8, 2025

China announces anti-dumping duties on Indian cypermethrin, warns against cutting deals with US

On Tuesday, China’s commerce ministry (MofCom) announced anti-dumping duties ranging from 48.4% to 166.2% on Indian cypermethrin – an insecticide used widely in agriculture – effective Wednesday. Officially, the move followed complaints from domestic producers. Unofficially, it sent a pointed messag…

On Tuesday, China’s commerce ministry (MofCom) announced anti-dumping duties ranging from 48.4% to 166.2% on Indian cypermethrin – an insecticide used widely in agriculture – effective Wednesday.
Officially, the move followed complaints from domestic producers. Unofficially, it sent a pointed messag...

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MofCom: 商务部公告2025年第24号公布对原产于印度的进口氯氰菊酯反倾销调查的最终裁定

Yuyuan Tantian: 前哨：以儆效尤，中国对印度氯氰菊酯加征最高166.2%关税

Reuters: India imposes temporary tariff on some steel to stem cheap imports from China

May 8, 2025

China introducing law to formalize five-year planning process

China is moving to formalize its economic planning process through new legislation. In late April, the legislature (NPCSC) reviewed the first draft of the National Development Planning Law and released it for public comment. ICYDK: National development plans – known as five-year plans – are pivotal …

China is moving to formalize its economic planning process through new legislation.
In late April, the legislature (NPCSC) reviewed the first draft of the National Development Planning Law and released it for public comment.
ICYDK: National development plans – known as five-year plans – are pivotal ...

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NPC: 国家发展规划法（草案）征求意见

May 8, 2025

China launches “Sci-tech Bond Board” to boost tech sector financing

What happened: On May 7, the central bank (PBoC) and securities regulator (CSRC) announced the launch of a new bond platform – the Sci-tech Bond Board – aimed at expanding financing channels for the tech sector. How it works: Tech firms and financial institutions can issue sci-tech bonds to fund op…

Tech firms and financial institutions can issue sci-tech bonds to fund op...

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Caixin: 潘功胜：债市“科技板”相关政策和准备工作已基本就绪

Gov.cn: 中国人民银行中国证监会公告〔2025〕第8号

May 7, 2025

PBoC ramps up relending facilities

As part of efforts to support the economy, the central bank (PBoC) is expanding its relending programs. On Wednesday, the PBoC said it will increase its relending quota for: Agriculture and small businesses by RMB 300 billion Innovation and technological upgrading by RMB 300 billion to RMB 800 bill…

As part of efforts to support the economy, the central bank (PBoC) is expanding its relending programs.
On Wednesday, the PBoC said it will increase its relending quota for:

Agriculture and small businesses by RMB 300 billion
Innovation and technological upgrading by RMB 300 billion to RMB 800 bill...

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PBoC: 中国人民银行决定下调再贷款利率

PBoC: 中国人民银行增加支农支小再贷款额度3000亿元进一步加大对涉农、小微和民营企业金融支持力度

PBoC: 中国人民银行增加科技创新和技术改造再贷款额度3000亿元支持加力扩围实施“两新”政策

SCIO: 国新办举行新闻发布会介绍“一揽子金融政策支持稳市场稳预期”有关情况图文实录

May 7, 2025

PBoC cuts interest rates, RRRs

China’s central bank (PBoC) is shoring up the economy as tariffs bite. On Wednesday, the PBoC moved to loosen monetary policy. It cut the interest rate on seven-day reverse repos – its sole policy rate – by 10 bps to 1.4%. It reduced the reserve requirement ratio (RRR) for banks by 0.5 percentage p…

China’s central bank (PBoC) is shoring up the economy as tariffs bite.
On Wednesday, the PBoC moved to loosen monetary policy.

It cut the interest rate on seven-day reverse repos – its sole policy rate – by 10 bps to 1.4%.
It reduced the reserve requirement ratio (RRR) for banks by 0.5 percentage p...

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PBoC: 中国人民银行公开市场业务公告〔2025〕第1号

PBoC: 中国人民银行决定下调金融机构存款准备金率

PBoC: 中国人民银行关于下调个人住房公积金贷款利率的通知

SCIO: 国新办举行新闻发布会介绍“一揽子金融政策支持稳市场稳预期”有关情况图文实录

May 7, 2025

Policy advisor argues monetary policy has lost its effectiveness

One of China’s most influential government advisors thinks that monetary policy has lost its effectiveness as a policy tool. Liu Shangxi, former head of the Chinese Academy of Fiscal Sciences (read our profile of Liu here), argues that expanding the money supply won’t help counter deflationary …

One of China’s most influential government advisors thinks that monetary policy has lost its effectiveness as a policy tool.
Liu Shangxi, former head of the Chinese Academy of Fiscal Sciences (read our profile of Liu here), argues that expanding the money supply won’t help counter deflationary ...

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China Finance 40 Forum: 宏观经济政策要与标志性改革结合

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