string(13) "markets-macro"

Macro

September 2, 2024

Cultivating a nation of loyal innovators

For Xi Jinping, teachers are engaged in a political struggle for the country’s future. On Saturday, the Party’s top theoretical journal, Qiushi, published excerpts of a 2018 Xi speech on the importance of education. The publication comes ahead of China’s very own Teachers’ Day, on September 10. Xi… Username Password Remember Me Forgot… Read More »

For Xi Jinping, teachers are engaged in a political struggle for the country's future.
On Saturday, the Party’s top theoretical journal, Qiushi, published excerpts of a 2018 Xi speech on the importance of education.

The publication comes ahead of China’s very own Teachers’ Day, on September 10.

Xi...

sources

Gov.cn: 习近平：培养德智体美劳全面发展的社会主义建设者和接班人

September 2, 2024

State Council finally passes key data security regulations

One of the last structural pieces of China’s data security regime has fallen into place. On Friday, the State Council approved the Network Data Security Management Regulations. That’s nearly three years after the cyber regulator (CAC) released the first draft. The big picture: These master impleme…

One of the last structural pieces of China’s data security regime has fallen into place.
On Friday, the State Council approved the Network Data Security Management Regulations.

That’s nearly three years after the cyber regulator (CAC) released the first draft.

The big picture: These master impleme...

sources

People.cn: 李强主持召开国务院常务会议

CAC: 国家互联网信息办公室关于《网络数据安全管理条例（征求意见稿）》公开征求意见的通知

August 31, 2024

Quick Take | Has Huawei recovered from US sanctions?

Is Huawei fully back in the game? Not quite yet, even though its H1 2024 earnings report, released on Thursday, might suggest so. The backstory: In May 2019, the Trump administration kicked off a series of sanctions against Huawei, effectively cutting off its access to TSMC, the world’…

Is Huawei fully back in the game?

Not quite yet, even though its H1 2024 earnings report, released on Thursday, might suggest so.

The backstory: In May 2019, the Trump administration kicked off a series of sanctions against Huawei, effectively cutting off its access to TSMC, the world’...

sources

Caixin: 华为上半年营收增逾三成净利润率13.2%

Huawei: 华为投资控股有限公司2023年年度报告

IDC: IDC: Chinese Smartphone Market Accelerates to 8.9% Growth in 2Q24, Led by Chinese OEMs

August 30, 2024

Flash talk | Tax reform, fiscal spending, and the consumption conundrum

It’s been a quiet summer, and travel schedules have made it difficult to put together a flash talk for a while. But Trivium Co-founder Andrew Polk and Dinny McMahon, Head of China Markets Research, are now back at their desks, refreshed from some time away, and ready to tackle the big issues. Today …

It's been a quiet summer, and travel schedules have made it difficult to put together a flash talk for a while.
But Trivium Co-founder Andrew Polk and Dinny McMahon, Head of China Markets Research, are now back at their desks, refreshed from some time away, and ready to tackle the big issues.
Today ...

August 30, 2024

Local govs selling off the silverware

Chongqing is selling state assets to rein in municipal debt. In a report published in June, the city’s economic planning agency said it was working to resolve its debt problems by “smashing our pots and pans to pieces and selling them as scrap” – an idiom that, in this case, refers to aggressively s…

Chongqing is selling state assets to rein in municipal debt.
In a report published in June, the city’s economic planning agency said it was working to resolve its debt problems by “smashing our pots and pans to pieces and selling them as scrap” – an idiom that, in this case, refers to aggressively s...

sources

Caixin: 多地提出“砸锅卖铁”盘活资产资产处置带动重庆上半年非税收入增长超三成

August 30, 2024

Xi Jinping meets Jake Sullivan

Xi Jinping believes facing China-US relations with a sense of poise and rationality is the only way to go. On Thursday, Xi met with US National Security Advisor Jake Sullivan at the end of the latter’s three-day visit to China. Xi told Sullivan that China’s policy is the same as ever (Xinhua): “Chi…

Xi Jinping believes facing China-US relations with a sense of poise and rationality is the only way to go.
On Thursday, Xi met with US National Security Advisor Jake Sullivan at the end of the latter’s three-day visit to China.
Xi told Sullivan that China’s policy is the same as ever (Xinhua):

“Chi...

sources

Xinhua: Xi meets U.S. national security advisor

White House: Readout of National Security Advisor Jake Sullivan’s Meeting with President Xi Jinping of the People’s Republic of China

White House: Remarks by APNSA Jake Sullivan in Press Conference | Beijing, People’s Republic of China

August 30, 2024

Anti-dumping tariffs for French brandy postponed despite evidence

French brandy is safe from Beijing’s tariffs – at least for now. On Thursday, the Ministry of Commerce (MofCom) published the initial findings from its anti-dumping investigation into imported EU (i.e., French) brandy. ICYMI: China launched the investigation in January, in what was widely seen as re…

French brandy is safe from Beijing's tariffs – at least for now.
On Thursday, the Ministry of Commerce (MofCom) published the initial findings from its anti-dumping investigation into imported EU (i.e., French) brandy.
ICYMI: China launched the investigation in January, in what was widely seen as re...

sources

MofCom: 商务部公告2024年第35号关于原产于欧盟的进口相关白兰地反倾销调查初步裁定的公告

August 30, 2024

The CCCDR is back in business

The Party’s top policymaking body is back in action. On Thursday, Xi Jinping chaired a meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR) – its first meeting since the Third Plenum, in July. ICYDK: The Party established the CCCDR in 2013 to oversee the reform plan passed …

The Party’s top policymaking body is back in action.
On Thursday, Xi Jinping chaired a meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR) – its first meeting since the Third Plenum, in July.
ICYDK: The Party established the CCCDR in 2013 to oversee the reform plan passed ...

sources

12371.CN: 中央全面深化改革委员会（领导小组）会议

Gov.cn: 习近平主持召开中央全面深化改革委员会第六次会议强调：解放思想实事求是与时俱进求真务实全力抓好改革任务的组织实施

August 30, 2024

China doubling down on opening up

Beijing is laying the groundwork for a new round of trade reform pilots. On Thursday, the Party’s top policymaking body (CCCDR) also approved high-level guidance on an “upgrading strategy” for China’s system of free-trade zones (FTZ). As usual, the full text isn’t out yet – but the meeting’s readou…

Beijing is laying the groundwork for a new round of trade reform pilots.
On Thursday, the Party's top policymaking body (CCCDR) also approved high-level guidance on an "upgrading strategy" for China's system of free-trade zones (FTZ).

As usual, the full text isn't out yet – but the meeting's readou...

sources

Gov.cn: 习近平主持召开中央全面深化改革委员会第六次会议强调：解放思想实事求是与时俱进求真务实全力抓好改革任务的组织实施

August 30, 2024

Now what’s core-er than being core?

The US and China are committed to military dialogue. On Thursday, Vice Chairman of the Central Military Commission Zhang Youxia met with visiting US National Security Advisor Jake Sullivan. Some context: In recent months, tensions over Taiwan and an escalating standoff between China and the Philippi…

The US and China are committed to military dialogue.
On Thursday, Vice Chairman of the Central Military Commission Zhang Youxia met with visiting US National Security Advisor Jake Sullivan.
Some context: In recent months, tensions over Taiwan and an escalating standoff between China and the Philippi...

sources

Ministry of National Defense: 张又侠会见美国总统国家安全事务助理

White House: Readout of National Security Advisor Jake Sullivan’s Meeting with Vice Chairman of the Central Military Commission Zhang Youxia of the People’s Republic of China

August 30, 2024

Wang and Sullivan agree to more AI talks

When will the US and China talk AI? On Tuesday and Wednesday, top diplomat Wang Yi held talks with US National Security Advisor Jake Sullivan in Beijing. Mostly, the meetings focused on high-level issues such as Taiwan, trade, and fentanyl. But: Chinese media coverage of the meetings also noted t…

When will the US and China talk AI?
On Tuesday and Wednesday, top diplomat Wang Yi held talks with US National Security Advisor Jake Sullivan in Beijing.

Mostly, the meetings focused on high-level issues such as Taiwan, trade, and fentanyl.

But: Chinese media coverage of the meetings also noted t...

sources

Xinhua: China-U.S. strategic communication held in Beijing, seeing candid, substantive, constructive discussions

August 30, 2024

Local governments jump on flying car bandwagon

Flying car hype is heating up. In August, a new swath of local governments announced plans to set up investment funds dedicated to developing the low-altitude economy (Zero2IPO). Some context: The low-altitude economy refers to commercial aviation below 3,000 meters (think drones and eVTOL aircraf…

Flying car hype is heating up.
In August, a new swath of local governments announced plans to set up investment funds dedicated to developing the low-altitude economy (Zero2IPO).
Some context: The low-altitude economy refers to commercial aviation below 3,000 meters (think drones and eVTOL aircraf...

sources

Zero2IPO: 多地设立低空经济产业基金

Shanghai Securities News: 安徽省低空经济产业基金合伙企业成立出资额10亿元

Sina: 北京成立百亿规模商业航天和低空经济产投基金

Gov.cn: 万亿级新赛道，江苏如何“飞”得更高

Gov.cn: 目标总规模30亿元成都低空经济产业基金完成签约

Securities Times: 刚刚，百亿低空产业主题基金诞生！

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