string(13) "markets-macro"

Macro

September 6, 2024

Provinces issue consumer goods trade-in plans

Local governments are upping support for the consumer goods trade-in program. ICDYK: In July, the State Council updated its consumer goods trade-in initiative, committing RMB 150 billion in special treasury bonds (STBs) to fund trade-in subsidies at the local level. Since then, multiple provincial … Username Password Remember Me Forgot Password

Local governments are upping support for the consumer goods trade-in program.
ICDYK: In July, the State Council updated its consumer goods trade-in initiative, committing RMB 150 billion in special treasury bonds (STBs) to fund trade-in subsidies at the local level.

Since then, multiple provincial ...

sources

Caixin: 北上广等地发布家电补贴细则电商家电销售额激增

CE.cn: 流通协会：置换补贴发力，预计8月乘用车销量195万辆

September 6, 2024

State Council renews drive to reign in local preferential policies

Beijing wants to reduce distorting preferential policies at the local level. In recent weeks, several local governments have rolled back policies designed to attract businesses and investment. Local governments are responding to an unpublished document issued by the State Council General Office in …

Beijing wants to reduce distorting preferential policies at the local level.
In recent weeks, several local governments have rolled back policies designed to attract businesses and investment.

Local governments are responding to an unpublished document issued by the State Council General Office in ...

sources

Gov.cn: 甘肃省人民政府关于宣布失效有关文件的通知

China Newsweek: 招商引资，要变天了?

September 6, 2024

African countries express support for Xi’s global vision

Africa has made a ringing endorsement of China’s vision for global governance. On Thursday, China and the 53 African countries present at the Forum for China-Africa Cooperation (FOCAC) released a sweeping joint declaration on “Building an All-Weather China-Africa Community” It’s a hefty document co…

Africa has made a ringing endorsement of China’s vision for global governance.
On Thursday, China and the 53 African countries present at the Forum for China-Africa Cooperation (FOCAC) released a sweeping joint declaration on “Building an All-Weather China-Africa Community”

It’s a hefty document co...

sources

MoFA: Beijing Declaration on Jointly Building an All-Weather China-Africa Community with a Shared Future for the New Era

September 6, 2024

CPPCC advisor: Time to get tough on IP theft

According to Bi Jingquan, a member of China’s policy advisory body (CPPCC) who spoke at the Thursday Bund Summit, China must crack down on IP theft to promote innovation. Some context: Bi is a well-connected policy advisor, having served as Deputy Director of the macro planner (NDRC) and State Counc…

According to Bi Jingquan, a member of China’s policy advisory body (CPPCC) who spoke at the Thursday Bund Summit, China must crack down on IP theft to promote innovation.
Some context: Bi is a well-connected policy advisor, having served as Deputy Director of the macro planner (NDRC) and State Counc...

sources

Yicai: 毕井泉：鼓励创新必须充分发挥市场配置资源的决定性作用

September 6, 2024

Lingang FTZ researchers argue for data export improvements

Work needs to be done to improve China’s data export approval system. That’s the assertion of a pair of researchers in Shanghai’s Lingang Free Trade Zone (FTZ), writing in Yicai. Some context: Lingang, alongside the FTZs in Tianjin and Beijing, is at the forefront of experimentation with data export…

Work needs to be done to improve China’s data export approval system.
That’s the assertion of a pair of researchers in Shanghai’s Lingang Free Trade Zone (FTZ), writing in Yicai.
Some context: Lingang, alongside the FTZs in Tianjin and Beijing, is at the forefront of experimentation with data export...

sources

Yicai: 建立数据跨境流动机制的三个关键着力点

September 6, 2024

Chip subsidy boom days are over

Local government industrial policies are in flux. On Wednesday, domestic semiconductor consultancy ICWise reported that local governments are struggling to attract semiconductor investments amid Beijing’s efforts to stamp out local protectionism. Some context: Central policymakers are lo…

Local government industrial policies are in flux.
On Wednesday, domestic semiconductor consultancy ICWise reported that local governments are struggling to attract semiconductor investments amid Beijing’s efforts to stamp out local protectionism.
Some context: Central policymakers are lo...

sources

ICWise: 28号文之后地方政府如何发展半导体产业

Securities Times: 招商引资，要变天了？

September 6, 2024

Tech giants pledge AI “self-discipline”

Cross my heart, hope to die, I swear I’ll work toward good AI. Last Thursday, at the cyberspace administration’s (CAC) annual Internet Civilization Conference, some 70 organizations signed on to the “Generative AI Industry Self-discipline Initiative.” Many tech giants were among the signatories, in…

Cross my heart, hope to die, I swear I’ll work toward good AI.
Last Thursday, at the cyberspace administration’s (CAC) annual Internet Civilization Conference, some 70 organizations signed on to the “Generative AI Industry Self-discipline Initiative.”

Many tech giants were among the signatories, in...

sources

IT Home: 《生成式人工智能行业自律倡议》发布，BAT、华为小米 OPPO 荣耀、北大清华等参编

Wen Ming: 《生成式人工智能行业自律倡议》发布

CAC: 中国网络空间安全协会成立

September 5, 2024

More SPBs used to repay hidden debt

Local governments are increasingly using their special-purpose bonds (SPBs) to repay existing debts. ICYDK: Local governments fund infrastructure construction – and to a lesser extent, bank recapitalization – with their annual SPB quotas. Last year, however, they were allowed to issue an additional…

Local governments are increasingly using their special-purpose bonds (SPBs) to repay existing debts.
ICYDK: Local governments fund infrastructure construction – and to a lesser extent, bank recapitalization – with their annual SPB quotas.

Last year, however, they were allowed to issue an additional...

sources

21st Century Biz: 8月地方专项债发行创年内新高，九省份“特殊”新增专项债发行超2000亿元

September 5, 2024

A boon for homeowners

Authorities may soon lower interest rates on RMB 38 trillion worth of existing mortgages. On Wednesday, Bloomberg reported that financial regulators have proposed cutting rates on all outstanding mortgages by about 80 bps. Sources said homeowners may be allowed to renegotiate mortgage terms with le…

Authorities may soon lower interest rates on RMB 38 trillion worth of existing mortgages.
On Wednesday, Bloomberg reported that financial regulators have proposed cutting rates on all outstanding mortgages by about 80 bps.

Sources said homeowners may be allowed to renegotiate mortgage terms with le...

sources

Bloomberg: China Weighs Cutting Mortgage Rates in Two Steps to Shield Banks

PBoC: 盘点央行的2023 | ①稳健的货币政策精准有力

September 5, 2024

Lights, camera, FOCACtion!

Africa has a friend in China. That was Xi Jinping’s message in his keynote speech at the opening ceremony of the Forum on China-Africa Cooperation (FOCAC) on Thursday. After a flowery introduction, Xi listed ten “partnership actions” that China will take, covering: Cultural exchange, such as openin…

Africa has a friend in China.
That was Xi Jinping’s message in his keynote speech at the opening ceremony of the Forum on China-Africa Cooperation (FOCAC) on Thursday.
After a flowery introduction, Xi listed ten “partnership actions” that China will take, covering:

Cultural exchange, such as openin...

sources

MoFA: Joining Hands to Advance Modernization and Build a Community with a Shared Future

September 5, 2024

China’s nursing home capacity falling despite aging population

China’s getting old. A report from the Ministry of Civil Affairs (MCA) revealed that by end-2023: 21.1% of the population –– nearly 300 million people – are over 60. 15.4% are over 65, meeting the UN definition of an “aged society.” But despite the aging population, eldercare capacity is falling (…

China's getting old.
A report from the Ministry of Civil Affairs (MCA) revealed that by end-2023:

21.1% of the population –– nearly 300 million people – are over 60.
15.4% are over 65, meeting the UN definition of an "aged society."

But despite the aging population, eldercare capacity is falling (...

sources

MCA: 2023年民政事业发展统计公报

Caixin: 中国60岁以上人群首超20%，步入中度老龄化

September 5, 2024

Education authorities publish uni textbook on national security

A new textbook positions Chinese students as defenders against Western efforts to destabilize China and undermine Party rule. Last week, the Ministry of Education and other agencies launched China’s “first comprehensive and systematic” textbook on national security for college students (People’s Dai…

A new textbook positions Chinese students as defenders against Western efforts to destabilize China and undermine Party rule.
Last week, the Ministry of Education and other agencies launched China’s “first comprehensive and systematic” textbook on national security for college students (People’s Dai...

sources

People's Daily: 《国家安全教育大学生读本》出版发行

SCMP: Rock ’n’ roll, internet are potential Western ‘colour revolution’ traps: Chinese textbook

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