string(13) "markets-macro"

Macro

May 7, 2025

The theory of everything (green)

Beijing is gearing up to make its green goals legally binding. On April 30, the legislature (NPCSC) released the draft Ecological and Environmental Code for public comment. Some context: China has a hodge podge of over 30 environment-related laws. The NPCSC wants to streamline this legal patchwork … Username Password Remember Me Forgot… Read More »

The NPCSC wants to streamline this legal patchwork ...

sources

China Environment: 生态环境法典（草案）公开征求意见，6月13日截止

China News: 生态环境法典草案首次审议系统整合现行生态环境法律制度规范

May 7, 2025

Vice Premier He Lifeng to meet US counterparts

China and the US are finally back at the table to talk tariffs. On Wednesday, the US and China confirmed that Vice Premier He Lifeng will meet US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer in Geneva on Saturday. Some context: This will be the first confirmed dialogue…

China and the US are finally back at the table to talk tariffs.
On Wednesday, the US and China confirmed that Vice Premier He Lifeng will meet US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer in Geneva on Saturday.
Some context: This will be the first confirmed dialogue...

sources

Bloomberg: US-China Trade Talks to Start This Week as Tariffs Start to Bite

MofCom: 商务部新闻发言人就中美经贸高层会谈答记者问

May 7, 2025

PBoC introduces relending program to boost service consumption

On Wednesday, as part of a package of measures to support the economy, central bank (PBoC) governor Pan Gongsheng announced that the PBoC will establish an RMB 500 billion relending facility to support service consumption and elderly care. Some context: Relending facilities provide commercial banks …

On Wednesday, as part of a package of measures to support the economy, central bank (PBoC) governor Pan Gongsheng announced that the PBoC will establish an RMB 500 billion relending facility to support service consumption and elderly care.
Some context: Relending facilities provide commercial banks ...

sources

SCIO: 国新办举行新闻发布会介绍“一揽子金融政策支持稳市场稳预期”有关情况

May 7, 2025

Beijing and Brussels mark 50 years of diplomatic ties

China and the EU marked 50 years of diplomatic ties on Tuesday. To celebrate, Xi Jinping and Premier Li Qiang jumped on the blower and exchanged pleasantries with European Council President Antonio Costa and European Commission President Ursula von der Leyen. Xi promised to work with the EU to “pro…

China and the EU marked 50 years of diplomatic ties on Tuesday.
To celebrate, Xi Jinping and Premier Li Qiang jumped on the blower and exchanged pleasantries with European Council President Antonio Costa and European Commission President Ursula von der Leyen.

Xi promised to work with the EU to “pro...

sources

Gov.cn: 习近平同欧洲理事会主席科斯塔、欧盟委员会主席冯德莱恩就中欧建交50周年互致贺电

Reuters: China's Xi ready to work with EU to expand ties, handle friction

Xinhua: 韩正出席庆祝中国欧盟建交50周年招待会并致辞

EU Chamber Wechat: 中国欧盟商会出席庆祝中欧建交50周年招待会韩正副主席出席并致辞

May 7, 2025

Delisting fears resurface as lawmakers target Chinese stocks

On May 2, US Republican lawmakers John Moolenaar and Rick Scott sent a letter to Paul Atkins – chair of the Securities and Exchange Commission (SEC) – calling for the delisting of certain US-listed Chinese companies. The letter alleges 20 firms, including Alibaba and Pinduoduo, are under Chinese go…

The letter alleges 20 firms, including Alibaba and Pinduoduo, are under Chinese go...

sources

FT: US lawmakers urge SEC to delist Alibaba and Chinese companies

May 7, 2025

Automakers address ADAS marketing concerns

What happened: On May 6, media reported that multiple automakers, including Xiaomi and Li Auto, had renamed “smart” driving offerings as “assisted” driving features. Some context: The change occurred after the industrial ministry (MIIT) told auto companies they shouldn’t make “exaggerated claims” ab…

What happened: On May 6, media reported that multiple automakers, including Xiaomi and Li Auto, had renamed “smart” driving offerings as “assisted” driving features.
Some context: The change occurred after the industrial ministry (MIIT) told auto companies they shouldn't make “exaggerated claims” ab...

sources

Caixin: 小米汽车“智驾”更名“辅助驾驶” SU7 Ultra限速引争议

Sohu: 小米SU7 Ultra排位模式圈速考核引热议，车主证实OTA已取消，小米如何回应？

May 6, 2025

April PMI data shows drop in exports and business confidence

April PMI data showed the US-China trade war is starting to bite – but not that hard. A quick refresher: Headline PMI figures reflect month-on-month changes in overall manufacturing conditions, where readings above 50 signal improvement and below 50 indicate deterioration. Per PMI data released…

April PMI data showed the US-China trade war is starting to bite – but not that hard.
A quick refresher: Headline PMI figures reflect month-on-month changes in overall manufacturing conditions, where readings above 50 signal improvement and below 50 indicate deterioration.
Per PMI data released...

sources

Caixin: Caixin China General Manufacturing PMI Press Release

Gov.cn: 2025年4月中国采购经理指数运行情况

May 6, 2025

Home sales by top developers fall 8.8% y/y in April

China’s housing sales slump dragged on last month, highlighting persistent homebuyer caution. According to recently published April data from China Real Estate Information Corp. (CRIC): New home sales by China’s top 100 developers clocked in at RMB 284.68 billion, down 10.4% from a month earlier Ye…

China’s housing sales slump dragged on last month, highlighting persistent homebuyer caution.
According to recently published April data from China Real Estate Information Corp. (CRIC):

New home sales by China’s top 100 developers clocked in at RMB 284.68 billion, down 10.4% from a month earlier
Ye...

sources

CRIC: 2025年1-4月中国房地产企业销售TOP100排行榜

May 6, 2025

TikTok’s EUR 530 million fine casts shadow over EU-China data flows

On May 2, the Irish Data Protection Commission (DPC) fined TikTok EUR 530 million for transferring EU residents’ personal information (PI) to China. It’s the first EU ruling on China-bound data transfers. Some context The EU’s General Data Protection Regulation (GDPR) requires companies to g…

On May 2, the Irish Data Protection Commission (DPC) fined TikTok EUR 530 million for transferring EU residents’ personal information (PI) to China.

It’s the first EU ruling on China-bound data transfers.

Some context The EU’s General Data Protection Regulation (GDPR) requires companies to g...

sources

FT: TikTok fined €530mn for sending EU user data to China

Irish DPC: Irish Data Protection Commission fines TikTok €530 million and orders corrective measures following Inquiry into transfers of EEA User Data to China

TikTok: Our Response to the Irish Data Protection Commission Decision on Data Transfers

May 6, 2025

Xi Jinping holds symposium with local government officials on the 15th Five-Year Plan

Minimizing vulnerability to the US will shape China’s economic policymaking through 2030. On Wednesday, as anticipated, Xi Jinping chaired a symposium with local officials to discuss the 15th Five-Year Plan (FYP), which will cover 2026 to 2030. Context: Every five years, China’s leadership adopts a …

Minimizing vulnerability to the US will shape China's economic policymaking through 2030.
On Wednesday, as anticipated, Xi Jinping chaired a symposium with local officials to discuss the 15th Five-Year Plan (FYP), which will cover 2026 to 2030.
Context: Every five years, China’s leadership adopts a ...

sources

Gov.cn: 习近平主持召开部分省区市“十五五”时期经济社会发展座谈会强调：适应形势变化把握战略重点科学谋划“十五五”时期经济社会发展

May 6, 2025

Labor Day travel data signals growing consumer confidence

Labor Day travel data suggests the US-China trade war has done little to dent consumer confidence, at least for now. Per the Ministry of Culture and Tourism, during the five-day holiday (May 1-5): 314 million people traveled domestically, up 6.4% y/y Total tourism-related expenditure hit RMB 180.3 …

Labor Day travel data suggests the US-China trade war has done little to dent consumer confidence, at least for now.
Per the Ministry of Culture and Tourism, during the five-day holiday (May 1-5):

314 million people traveled domestically, up 6.4% y/y
Total tourism-related expenditure hit RMB 180.3 ...

sources

Ministry of Culture and Tourism: 2025年“五一”假期文化和旅游市场情况

Gov.cn: “五一”假日国内旅游接待总人数1.95亿人次

Caixin: 五一”假期1089.6万人次出入境同比增长28.7%

May 6, 2025

Commerce ministry “evaluating” trade talks with US

Over the Labor Day holiday, Beijing took another baby step toward trade negotiations with Washington. On Friday, the commerce ministry (MofCom) said in a statement that it is “currently evaluating” how to respond to “repeated” calls by US officials for trade talks. ICYMI: This reinforces our hunch t…

Over the Labor Day holiday, Beijing took another baby step toward trade negotiations with Washington.
On Friday, the commerce ministry (MofCom) said in a statement that it is "currently evaluating" how to respond to "repeated" calls by US officials for trade talks.
ICYMI: This reinforces our hunch t...

sources

MofCom: 商务部新闻发言人就中美经贸对话磋商情况答记者问

NBC: Transcript: President Donald Trump interviewed by 'Meet the Press' moderator Kristen Welker

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162