string(13) "markets-macro"

Macro

August 27, 2024

State Council studies boosting eldercare

Officials are looking at how to expand home nursing services. On Monday, Premier Li Qiang held a State Council study session on promoting eldercare. ICYDK: In 2022, 15% of China’s population was over 65 years old. This figure is expected to rise to 20% by 2030 (CMI). This will drive massive de… Username Password Remember Me… Read More »

Officials are looking at how to expand home nursing services.
On Monday, Premier Li Qiang held a State Council study session on promoting eldercare.
ICYDK: In 2022, 15% of China's population was over 65 years old. This figure is expected to rise to 20% by 2030 (CMI).

This will drive massive de...

sources

Chinese Modernization Institute: 21世纪经济报道|专访上海财经大学讲席教授汪伟：我国正快速迈向超级老龄化既是挑战也是机遇

Gov.cn: 李强主持国务院第九次专题学习

Fudan University: 观点｜吴玉韶：发展银发经济应对人口老龄化

August 27, 2024

Party emphasizes teacher loyalty over teaching ability

The Party wants to cultivate the world’s best teachers – but has no idea how to do it. On Wednesday, the Central Party Committee and State Council dropped high-level guidance on developing a world-class teaching workforce to drive innovation. Some context: The Third Plenum highlighted educatio…

The Party wants to cultivate the world's best teachers – but has no idea how to do it.
On Wednesday, the Central Party Committee and State Council dropped high-level guidance on developing a world-class teaching workforce to drive innovation.
Some context: The Third Plenum highlighted educatio...

sources

Gov.cn: 中共中央国务院关于弘扬教育家精神加强新时代高素质专业化教师队伍建设的意见

August 27, 2024

VCs’ not-so-subtle complaints

No one is happy about the IPO freeze. In a Thursday article, Duane Kuang, founder of well-known venture firm Qiming Venture Partners, criticized the recent trend of forced share redemptions by VCs. ICYMI: The prolonged IPO freeze – which began in August 2023 to prevent further downward pressur…

No one is happy about the IPO freeze.
In a Thursday article, Duane Kuang, founder of well-known venture firm Qiming Venture Partners, criticized the recent trend of forced share redemptions by VCs.
ICYMI: The prolonged IPO freeze – which began in August 2023 to prevent further downward pressur...

sources

Zero2IPO: 对目前创投行业投资条款的一些看法

August 27, 2024

Your data is safer in our hands

Authorities are trying to ease public concerns over the national digital ID system. ICYMI: Last month, China’s law enforcement agency (MPS) and the cybersecurity regulator (CAC) proposed a system for assigning citizens digital IDs. Two weeks later, an app was launched to support the authenti…

Authorities are trying to ease public concerns over the national digital ID system.
ICYMI: Last month, China’s law enforcement agency (MPS) and the cybersecurity regulator (CAC) proposed a system for assigning citizens digital IDs.

Two weeks later, an app was launched to support the authenti...

sources

Xinhua: 网号、网证热点六问——详解《国家网络身份认证公共服务管理办法（征求意见稿）》

August 27, 2024

Prepping for a volatile fall: August tech and trade war roundup

To view the roundup as a PDF, click here. Welcome to another edition of Trivium’s US-China tech and trade war roundup. In these monthly reports, we break down key geopolitical developments shaping the economic relationship between Beijing, Washington, and beyond. Here’s where things stand as of mid-…

To view the roundup as a PDF, click here.
Welcome to another edition of Trivium’s US-China tech and trade war roundup. In these monthly reports, we break down key geopolitical developments shaping the economic relationship between Beijing, Washington, and beyond.
Here’s where things stand as of mid-...

sources

Bloomberg: US Weighs Restrictions on China’s Access to AI Memory Chips

Federal Register: End-Use and End-User Based Export Controls, Including U.S. Persons Activities Controls: Military and Intelligence End Uses and End Users

Federal Register: Export Administration Regulations: Crime Controls and Expansion/Update of U.S. Persons Controls

House.gov: Moolenaar, Hinson, Krishnamoorthi, Colleagues Introduce the Protecting American Industry and Labor from International Trade Crimes Act

Bloomberg: US Plans Sanctions Over China’s Russia Aid, Top Biden Aide Says

US Embassy in China: REMARKS BY APNSA JAKE SULLIVAN IN FIRESIDE CHAT AT THE ASPEN SECURITY FORUM

Bloomberg: US Floats Tougher Trade Rules to Rein In China Chip Industry

White House: A Proclamation on Adjusting Imports of Steel Into the United States

White House: A Proclamation on Adjusting Imports of Aluminum Into the United States

Bloomberg: US Targets China With Tariffs on Steel, Aluminum Sent Via Mexico

Bloomberg: US to Expand Scrutiny of Foreign Investments Near Military Bases

US Treasury: Treasury Issues Proposed Rule to Expand CFIUS Coverage of Real Estate Transactions Near Military Installations

Hudson Institute: Speaker Mike Johnson on the Threats to the US-Led World Order

MoFA: 外交部公布关于对美国国会议员麦戈文采取反制措施的决定

MoFA: 2024年7月22日外交部发言人毛宁主持例行记者会

Bloomberg: China Drops Sanctions on US Communications Firm in Rare Reversal

Gov.cn: 中共中央关于进一步全面深化改革推进中国式现代化的决定

Reuters: China asks WTO to set up panel for US electric vehicle subsidies dispute

MoFA: 关于对美国军工企业及高级管理人员采取反制措施的决定

MoFA: 2024年7月15日外交部发言人林剑主持例行记者会

MofCom: 商务部公告2024年第28号商务部关于就欧盟依据《外国补贴条例》对中国企业调查中采取的相关做法进行贸易投资壁垒调查的公告

MofCom: MOFCOM Announcement on Preliminary Conclusions on Trade Barrier Investigation of American Partial Support Policies and Subsidy Measures on Renewable Energy Industry

Xinhua: Xi meets Italian prime minister, calls for upholding Silk Road spirit

Politico: Italy’s Meloni vows to ‘relaunch’ relations with China

Antara: Indonesia to impose up to 200-pct import tariffs on Chinese goods

SCMP: Indonesia plans tariffs of up to 200% on China-made products to protect domestic industries

Jakarta Globe: Luhut: 200 Pct Import Tariff Not Aimed at China, Under Review

UK Foreign Office: Foreign Secretary's meeting with China's Director of Foreign Affairs Commission Office and Foreign Minister, July 2024

Xinhua: China, Britain agree to work for closer communication, stable ties

SCMP: After spurning China for years, Brazil reveals plan to join Belt and Road Initiative

MofCom: 中韩出口管制对话机制第一次会议在北京举行

August 26, 2024

(Significantly less) risky business

Central bank (PBoC) governor Pan Gongsheng thinks China’s financial sector risk is declining. In an interview with state media on Saturday, Pan said: “China’s financial system is generally sound and financial risks in key areas are being resolved in an orderly manner” Pan was upbeat on efforts to …

Central bank (PBoC) governor Pan Gongsheng thinks China’s financial sector risk is declining.
In an interview with state media on Saturday, Pan said:

“China’s financial system is generally sound and financial risks in key areas are being resolved in an orderly manner”

Pan was upbeat on efforts to ...

sources

Yicai: 央行行长潘功胜：目前我国金融体系总体稳健重点领域金融风险正在有序化解

August 26, 2024

Housing ministry wants insolvent property developers to be liquidated

Authorities won’t bail out every distressed property developer. On Friday, Vice Minister of Housing Dong Jianguo said his ministry (MoHURD) has instructed local authorities to: “Accelerate the bankruptcy reorganization and liquidation of insolvent property development companies” “Ensure homebuyers …

Authorities won’t bail out every distressed property developer.
On Friday, Vice Minister of Housing Dong Jianguo said his ministry (MoHURD) has instructed local authorities to:

“Accelerate the bankruptcy reorganization and liquidation of insolvent property development companies”
“Ensure homebuyers ...

sources

SCIO: 国新办举行“推动高质量发展”系列主题新闻发布会（住房和城乡建设部）

Fangchan: 2023年超230家房企申请破产，较往年有所下降

SCIO: 国新办举行“推动高质量发展”系列主题新闻发布会（国家金融监督管理总局）图文实录

NBS: 2024年1—7月份全国房地产市场基本情况

August 26, 2024

Chinese FIs spared the US sanctions stick, for now

The US seems to have pulled a punch in its latest round of sanctions. On Friday, the US State and Treasury Departments announced new sanctions on hundreds of entities and individuals over their material support for Russia’s war effort. These included placing 42 new Chinese companies on the US Entit…

The US seems to have pulled a punch in its latest round of sanctions.
On Friday, the US State and Treasury Departments announced new sanctions on hundreds of entities and individuals over their material support for Russia’s war effort.

These included placing 42 new Chinese companies on the US Entit...

sources

US State Department: New Measures to Degrade Russia’s Wartime Economy

US Treasury: As Russia Feels Effects of Multilateral Sanctions Campaign, Treasury Takes Further Action Against Russia’s International Supply Chains

MofCom: 商务部新闻发言人就美以涉俄为由将多家中国实体列入出口管制“实体清单”事答记者问

August 26, 2024

Politburo approves new measures to boost Western regional development

Top leaders are redrawing China’s industrial landscape. On Friday, Xi Jinping chaired a Politburo meeting, approving several measures to promote Western regional development. Some context: The emphasis on Western regional development began in 2000. It focuses on China’s 12 western provincial-level r…

Top leaders are redrawing China’s industrial landscape.
On Friday, Xi Jinping chaired a Politburo meeting, approving several measures to promote Western regional development.
Some context: The emphasis on Western regional development began in 2000. It focuses on China’s 12 western provincial-level r...

sources

Xinhua: 中共中央政治局召开会议审议《进一步推动西部大开发形成新格局的若干政策措施》中共中央总书记习近平主持会议

August 26, 2024

Premier courts foreign robotics companies

Premier Li Qiang believes foreign firms are key to realizing China’s robotics dreams. On Sunday, Li showed up at the annual World Robot Conference exhibition area to show his support for the robotics industry. According to Li, robotics is at the heart of high-end manufacturing: “Robots repre…

Premier Li Qiang believes foreign firms are key to realizing China's robotics dreams.
On Sunday, Li showed up at the annual World Robot Conference exhibition area to show his support for the robotics industry.
According to Li, robotics is at the heart of high-end manufacturing:

“Robots repre...

sources

People.cn: 李强参观调研2024世界机器人博览会

August 26, 2024

Steep fines, criminal proceedings announced in tainted cooking oil incident

On Sunday, the central government released the results of its investigation into the use of dirty tanker trucks to transport cooking oil. ICYMI: In early July, news broke that two large oilseed processors, including a subsidiary of state-owned Sinograin, had used dirty fuel tankers to ship edible o…

On Sunday, the central government released the results of its investigation into the use of dirty tanker trucks to transport cooking oil.
ICYMI: In early July, news broke that two large oilseed processors, including a subsidiary of state-owned Sinograin, had used dirty fuel tankers to ship edible o...

sources

Gov.cn: 国务院食安办通报对媒体反映的“罐车运输食用植物油乱象问题”调查处置情况

August 26, 2024

New UK PM promises more pragmatic bilateral relations in call with Xi

Could the UK’s new government see off the years-long downward spiral in China-UK relations? On Friday, Xi Jinping spoke by phone with newly minted UK Prime Minister Keir Starmer. This was the first-ever talk between the two men and also the first time Xi had spoken with a UK PM since March 2022. I…

Could the UK’s new government see off the years-long downward spiral in China-UK relations?
On Friday, Xi Jinping spoke by phone with newly minted UK Prime Minister Keir Starmer.

This was the first-ever talk between the two men and also the first time Xi had spoken with a UK PM since March 2022.

I...

sources

MoFA: Xi Jinping Speaks with U.K. Prime Minister Keir Starmer on the Phone

BBC: Honest talks needed, Starmer tells Chinese leader

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