string(13) "markets-macro"

Macro

August 28, 2024

Wang Yi meets Jake Sullivan

On Tuesday, top diplomat Wang Yi met with US National Security Advisor (NSA) Jake Sullivan in Beijing, the first of three days of meetings. Some context: Wang and Sullivan have met four times since last year, but this is the first visit by a sitting NSA to China in eight years. Before the meeting, X…… Read More »

On Tuesday, top diplomat Wang Yi met with US National Security Advisor (NSA) Jake Sullivan in Beijing, the first of three days of meetings.
Some context: Wang and Sullivan have met four times since last year, but this is the first visit by a sitting NSA to China in eight years.
Before the meeting, X...

sources

Xinhua: Xinhua Commentary: Washington should back its commitment on U.S.-China relations with action, respect

Xinhua: Wang Yi, Jake Sullivan hold new round of China-U.S. strategic communication

Nikkei: Jake Sullivan meets Wang Yi on China visit to 'manage' tense ties

August 28, 2024

Canada imposes tariffs on Chinese electric vehicles, steel

Don’t bet on a Sino-Canadian thaw any time soon. On Tuesday, Canadian Prime Minister Justin Trudeau announced that Ottawa would impose 100 percent tariffs on Chinese electric vehicles (EVs) and 25 percent tariffs on Chinese steel and aluminum. Sound familiar? Ottawa’s new tariffs mirror recent US ac…

Don’t bet on a Sino-Canadian thaw any time soon.
On Tuesday, Canadian Prime Minister Justin Trudeau announced that Ottawa would impose 100 percent tariffs on Chinese electric vehicles (EVs) and 25 percent tariffs on Chinese steel and aluminum.
Sound familiar? Ottawa’s new tariffs mirror recent US ac...

sources

FT: Justin Trudeau says Canada will impose steep tariffs on Chinese EVs and steel

August 28, 2024

More comprehensive, more flexible medical insurance

China just expanded national medical insurance coverage. On Monday, the National Healthcare Security Administration (NHSA) released a notice and a detailed explainer on improvements to China’s basic medical insurance (BMI) scheme. The headline: The government will increase its contribution to BMI by…

China just expanded national medical insurance coverage.
On Monday, the National Healthcare Security Administration (NHSA) released a notice and a detailed explainer on improvements to China's basic medical insurance (BMI) scheme.
The headline: The government will increase its contribution to BMI by...

sources

Gov.cn: 《关于做好2024年城乡居民基本医疗保障有关工作的通知》政策解读

Gov.cn: 国家医保局财政部国家税务总局关于做好2024年城乡居民基本医疗保障有关工作的通知

August 28, 2024

Mobilizing financial markets for green development

Beijing wants to mobilize financial markets to fund its green transition. On Tuesday, several regulators – including the central bank (PBoC) and macro planner (NDRC) – issued guidance on increasing financing support for green and low-carbon development in the Yangtze River Economic Belt (YREB). Some…

Beijing wants to mobilize financial markets to fund its green transition.
On Tuesday, several regulators – including the central bank (PBoC) and macro planner (NDRC) – issued guidance on increasing financing support for green and low-carbon development in the Yangtze River Economic Belt (YREB).
Some...

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Gov.cn: 中国人民银行等八部门联合发布《关于进一步做好金融支持长江经济带绿色低碳高质量发展的指导意见》

NBS: STATISTICAL COMMUNIQUÉ OF THE PEOPLE’S REPUBLIC OF CHINA ON THE 2023 NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT

August 28, 2024

Top legislators to consider changes to several key laws at September session

China’s top legislators (NPCSC) will consider a series of proposed changes to key laws during their upcoming legislative session. On Tuesday, the NPCSC announced the next meeting will take place from September 10 to 13. The meeting agenda contains no major surprises, with the NPCSC set to: Discuss …

China’s top legislators (NPCSC) will consider a series of proposed changes to key laws during their upcoming legislative session.
On Tuesday, the NPCSC announced the next meeting will take place from September 10 to 13.
The meeting agenda contains no major surprises, with the NPCSC set to:

Discuss ...

sources

CCTV: [视频]赵乐际主持召开十四届全国人大常委会第二十九次委员长会议决定十四届全国人大常委会第十一次会议9月10日至13日在京举行

August 28, 2024

MIIT finalizes IoT standards framework

Politics and standards don’t mix. On Tuesday, China’s industrial ministry (MIIT) finalized guidelines for building a comprehensive technical standards framework for the Internet of Things (IoT) and related technologies. The framework defines which types of standards should be established to create…

Politics and standards don't mix.
On Tuesday, China's industrial ministry (MIIT) finalized guidelines for building a comprehensive technical standards framework for the Internet of Things (IoT) and related technologies.

The framework defines which types of standards should be established to create...

sources

Gov.cn: 工业和信息化部国家标准化管理委员会关于印发物联网标准体系建设指南（2024版）的通知

MIIT: 公开征求对《物联网新型基础设施标准体系建设指南（2023版）》（征求意见稿）的意见

August 28, 2024

EU and China hold cross-border data flow meeting

China and the EU are working to align on cross-border data flows. On Tuesday, the first-ever meeting of the EU-China cross-border data flow exchange mechanism was held via video. Notable attendees included: Wang Jingtao, deputy director of China’s cyberspace regulator (CAC) Sabine Weyand, the EU’s…

Wang Jingtao, deputy director of China's cyberspace regulator (CAC)
Sabine Weyand, the EU's...

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CAC: 中欧数据跨境流动交流机制正式建立并举行第一次会议

August 28, 2024

IBM closes China research centers

IBM is pulling its R&D centers out of China. On Monday, IBM executives announced the closure of the company’s China Development Lab and China Systems Lab, resulting in the layoff off nearly 1,700 employees. These were IBM’s last two remaining China-based research centers. The compan…

IBM is pulling its R&D centers out of China.
On Monday, IBM executives announced the closure of the company's China Development Lab and China Systems Lab, resulting in the layoff off nearly 1,700 employees.

These were IBM's last two remaining China-based research centers.
The compan...

sources

21st Century Biz: IBM中国做“减法”

August 27, 2024

Regulators go after shadow banking

Beijing wants to pare back what remains of China’s shadow banking system. On Friday, Caixin reported that the financial regulator (NFRA), the securities regulator (CSRC), and the antitrust regulator (SAMR) recently issued a notice requiring local authorities to eliminate risky financial institutions…

Beijing wants to pare back what remains of China’s shadow banking system.
On Friday, Caixin reported that the financial regulator (NFRA), the securities regulator (CSRC), and the antitrust regulator (SAMR) recently issued a notice requiring local authorities to eliminate risky financial institutions...

sources

Caixin: 地方金融组织迎强监管部分省份新设机构和股权变更已停批

August 27, 2024

A pension plan for aging apartments

A new initiative from the housing ministry (MoHURD) has triggered public concerns over rising homeownership costs. On Friday, MoHURD officials said 22 pilot cities, including Shanghai, have launched a “housing pension” scheme to help fund the maintenance of old residential buildings. Some background…

A new initiative from the housing ministry (MoHURD) has triggered public concerns over rising homeownership costs.
On Friday, MoHURD officials said 22 pilot cities, including Shanghai, have launched a “housing pension” scheme to help fund the maintenance of old residential buildings.
Some background...

sources

Caixin: 房屋养老金引热议谁来建立谁出钱？

People's Daily: 给房屋做体检、交养老金、上保险（打造更宜居的好房子（下））

Architecture Magazine: 社评 |房屋养老金不是房地产税，公共账户不需要老百姓出钱，别再误读了！

August 27, 2024

PBoC stress tests bond exposure

China’s central bank (PBoC) has started stress testing financial institutions’ exposure to bonds. Some context: The PBoC is concerned that some financial institutions hold too many low-yielding Chinese government bonds (CGBs). If interest rates rise, the income generated by those institutions’ low-…

China’s central bank (PBoC) has started stress testing financial institutions’ exposure to bonds.
Some context: The PBoC is concerned that some financial institutions hold too many low-yielding Chinese government bonds (CGBs).

If interest rates rise, the income generated by those institutions’ low-...

sources

Financial News: 金融时报：警惕单边一致行为造成债市“踩踏”风险

PBoC: 2024年第二季度中国货币政策执行报告

August 27, 2024

Industry ministry pauses steel capacity swaps

China’s industry ministry (MIIT) is stepping in to address severe excess capacity in the steel industry. On Friday, the MIIT ordered a halt to building new steel factories while it revises capacity swap rules. MIIT said it would revise the procedures for steelmakers to “swap” old steel manufacturin…

China's industry ministry (MIIT) is stepping in to address severe excess capacity in the steel industry.
On Friday, the MIIT ordered a halt to building new steel factories while it revises capacity swap rules.

MIIT said it would revise the procedures for steelmakers to “swap” old steel manufacturin...

sources

MIIT: 工业和信息化部办公厅关于暂停钢铁产能置换工作的通知

Reuters: Outlook darkens for China's already weak steel output

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