string(13) "markets-macro"

Macro

September 11, 2024

Xi stresses ideological education to mark Teachers’ Day

On Tuesday, Xi Jinping chaired the National Education Conference to mark China’s 40th Teachers’ Day. It’s a big deal: This rare conference – historically held only five times – is often used by top leaders to announce significant reforms. The big man’s big idea: Character-building should be at the h… Username Password Remember Me … Read More »

On Tuesday, Xi Jinping chaired the National Education Conference to mark China’s 40th Teachers’ Day.
It’s a big deal: This rare conference – historically held only five times – is often used by top leaders to announce significant reforms.
The big man’s big idea: Character-building should be at the h...

sources

Gov.cn: 习近平在全国教育大会上强调：紧紧围绕立德树人根本任务朝着建成教育强国战略目标扎实迈进

China Reform: 改革开放以来党中央和国务院召开的三次全国教育工作会议背景综述

September 11, 2024

Regulators call for carbon footprint pilot proposals

Provincial carbon footprint pilots are coming soon. On Monday, the market regulator (SAMR), environmental regulator (MEE), macro planner (NDRC), and industrial regulator (MIIT) called on provincial governments to nominate up to two products as the focal points for their carbon footprint pilots. Some…

Provincial carbon footprint pilots are coming soon.
On Monday, the market regulator (SAMR), environmental regulator (MEE), macro planner (NDRC), and industrial regulator (MIIT) called on provincial governments to nominate up to two products as the focal points for their carbon footprint pilots.
Some...

sources

Gov.cn: 市场监管总局等部门关于开展产品碳足迹标识认证试点工作的通知

September 11, 2024

US accuses China of directly aiding Russia war effort

The US has escalated accusations against China, alleging direct support for Russia’s war in Ukraine. ICYDK: The Biden administration previously accused China of supplying Russia with dual-use equipment – equipment that can be utilized for both civilian and military purposes –potentially aiding …

The US has escalated accusations against China, alleging direct support for Russia’s war in Ukraine.
ICYDK: The Biden administration previously accused China of supplying Russia with dual-use equipment – equipment that can be utilized for both civilian and military purposes –potentially aiding ...

sources

Financial Times: US accuses China of directly supporting Russia’s ‘war machine’

September 11, 2024

China releases AI Safety Governance Framework

China is stepping up its thought leadership on artificial intelligence. On Monday, China’s cybersecurity technical standards body (TC260) released the “AI Safety Governance Framework”. The framework is based on Xi Jinping’s Global AI Governance Initiative, and represents an effort by China to: “Pro…

China is stepping up its thought leadership on artificial intelligence.
On Monday, China’s cybersecurity technical standards body (TC260) released the “AI Safety Governance Framework".
The framework is based on Xi Jinping's Global AI Governance Initiative, and represents an effort by China to:

"Pro...

sources

TC260: 《人工智能安全治理框架》1.0版

TC260: AI SAFETY GOVERNANCE FRAMEWORK

September 11, 2024

Market regulator releases draft rules on internet platform compliance

Normalizing regulation, indeed. On Monday, China’s market regulator (SAMR) released draft opinions on improving overall regulatory compliance by online trading platforms. Some background: From 2020-2022, Chinese regulators unleashed a sudden flurry of hack-and-slash regulatory actions against plat…

Normalizing regulation, indeed.
On Monday, China's market regulator (SAMR) released draft opinions on improving overall regulatory compliance by online trading platforms.
Some background: From 2020-2022, Chinese regulators unleashed a sudden flurry of hack-and-slash regulatory actions against plat...

sources

SAMR: 关于推动网络交易平台企业落实合规管理主体责任的指导意见（征求意见稿）

September 11, 2024

House passes BIOSECURE Act

Let the anti-China legislation frenzy begin. On Monday, the US House passed the BIOSECURE Act, which targets Chinese biotech companies like Wuxi AppTec and BGI Group, with an overwhelming 306-81 votes. The bill is now pending for a Senate vote. TL;DR: The legislation would essentially force…

The bill is now pending for a Senate vote.

TL;DR: The legislation would essentially force...

sources

Bloomberg: US House Passes Bill to Blacklist Some China Biotech Firms

Reuters: US bill to restrict business with China's WuXi AppTec, BGI passes House

US Congress: H.R.8333 - BIOSECURE Act

September 10, 2024

Mercedes bends over backward to save China sales

Foreign carmakers face a do-or-die moment as they lose market share in China. Some, like Merdedes-Benz, are doubling down, hoping to outcompete foreign peers and seize a larger share of the new energy vehicle (NEV) pie. On Friday, Mercedes-Benz Group AG confirmed plans to invest USD 2 billion in C…

Foreign carmakers face a do-or-die moment as they lose market share in China.

Some, like Merdedes-Benz, are doubling down, hoping to outcompete foreign peers and seize a larger share of the new energy vehicle (NEV) pie.

On Friday, Mercedes-Benz Group AG confirmed plans to invest USD 2 billion in C...

sources

Caixin Global: Mercedes-Benz Plans $2 Billion Joint Investment in China to Regain Lost Ground

September 10, 2024

CATL reportedly eyeing solar move

China’s solar giants may soon face a formidable new challenger. On Monday, Chinese media outlet LatePost reported that battery leader CATL is in talks to acquire DAS Solar – the world’s eighth-largest solar module manufacturer. Some context: Founded in 2018, DAS is among the industry’s fastest-growi…

China’s solar giants may soon face a formidable new challenger.
On Monday, Chinese media outlet LatePost reported that battery leader CATL is in talks to acquire DAS Solar – the world’s eighth-largest solar module manufacturer.
Some context: Founded in 2018, DAS is among the industry’s fastest-growi...

sources

LatePost: 晚点独家｜宁德时代看上光伏生意，正洽谈收购一道新能源

September 10, 2024

China’s exports surged in August

Exports remained a key growth driver in August. Per data released by the customs bureau (GAC) on Tuesday: Exports grew 8.7% y/y in August, up from 7.0% the previous month Imports grew a sluggish 0.5% y/y, down from July’s 7.2% growth China’s trade surplus was USD 91 billion, up 35.4% y/y Headline …

Exports remained a key growth driver in August.
Per data released by the customs bureau (GAC) on Tuesday:

Exports grew 8.7% y/y in August, up from 7.0% the previous month
Imports grew a sluggish 0.5% y/y, down from July’s 7.2% growth
China’s trade surplus was USD 91 billion, up 35.4% y/y

Headline ...

September 10, 2024

ICYMI: Foreign affairs roundup

With China’s foreign policy apparatus playing host to delegates from some 53 African countries last week, it’s hard to believe anything else happened in the world of Chinese diplomacy. But it did. Here’s a smattering of the stuff that’s mattering: On Wednesday, Vice President Han Zheng met Russia…

With China’s foreign policy apparatus playing host to delegates from some 53 African countries last week, it’s hard to believe anything else happened in the world of Chinese diplomacy.

But it did.

Here’s a smattering of the stuff that’s mattering:

On Wednesday, Vice President Han Zheng met Russia...

sources

Global Times: Han meets Putin in Vladivostok, hailing bilateral ties, joint devt

Nikkei: China requests consultations with Canada at WTO over tariffs

SCMP: China raises ‘concerns’ over US tariffs, investment curbs as trade officials meet

Washington Post: China’s ‘disappeared’ foreign minister demoted to low-level publishing job, say former U.S. officials

September 10, 2024

China, Norway mark 70 years of diplomatic relations

China and Norway celebrated their 70th anniversary of diplomatic relations with a meeting between Xi Jinping and Norwegian Prime Minister Jonas Gahr Støre on Monday in Beijing. ICYDK: Norway became one of the first Western countries to recognize the People’s Republic of China in 1950, pushing to est…

China and Norway celebrated their 70th anniversary of diplomatic relations with a meeting between Xi Jinping and Norwegian Prime Minister Jonas Gahr Støre on Monday in Beijing.
ICYDK: Norway became one of the first Western countries to recognize the People’s Republic of China in 1950, pushing to est...

sources

Gov.cn: Xi Jinping Meets with Norwegian Prime Minister Støre

Global Times: PMs of Spain, Norway visit China amid trade frictions

September 10, 2024

The Adventures of Don Xixote and Sancho Ham-za

Xi Jinping and Spanish Prime Minister Pedro Sánchez have found “harmony” on trade issues. On Monday, Xi met Sánchez in Beijing, where China-EU trade topped the agenda. Some context: EU tariffs on Chinese-made electric vehicles (EVs) – which Spain supports – have become the central issue in Sino-Euro…

Xi Jinping and Spanish Prime Minister Pedro Sánchez have found “harmony” on trade issues.
On Monday, Xi met Sánchez in Beijing, where China-EU trade topped the agenda.
Some context: EU tariffs on Chinese-made electric vehicles (EVs) – which Spain supports – have become the central issue in Sino-Euro...

sources

Xinhua: Xi meets Spanish prime minister

Spanish Prime Minister's Office: Pedro Sánchez y Xi Jinping muestran en Pekín el excelente estado de las relaciones bilaterales entre China y España

Reuters: China's Xi, Spain's Sanchez seek to ease EU-China trade disputes

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