string(13) "markets-macro"

Macro

August 12, 2024

First-tier city Shenzhen will soon purchase unsold housing

Shenzhen is the first top-tier city to take part in the government-sponsored property acquisition program. On Wednesday, local state-owned enterprise (SOE) Shenzhen Anju Group said it will purchase unsold properties from developers who submit applications before end-October. ICYDK: In May, the cen… Username Password Remember Me Forgot Password

Shenzhen is the first top-tier city to take part in the government-sponsored property acquisition program.

On Wednesday, local state-owned enterprise (SOE) Shenzhen Anju Group said it will purchase unsold properties from developers who submit applications before end-October.

ICYDK: In May, the cen...

sources

Shenzhen Anju Group: 关于收购商品房用作保障性住房的征集通告

Caixin: 首个一线城市官宣加入收储深圳发布存量房征集要求

August 12, 2024

NEVs overtake ICEs in domestic retail sales

In July, new energy vehicles (NEVs) represented 51.1% of all retail auto sales in China – outperforming internal combustion engine (ICE) vehicles for the first time. Per data released by the China Passenger Car Association (CPCA), in July: NEV sales hit 878,000 units – up 37% y/y and 2.6% m/m I…

In July, new energy vehicles (NEVs) represented 51.1% of all retail auto sales in China – outperforming internal combustion engine (ICE) vehicles for the first time.
Per data released by the China Passenger Car Association (CPCA), in July:

NEV sales hit 878,000 units – up 37% y/y and 2.6% m/m

I...

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Sina Finance: 7月国内乘用车零售销量达172万辆

August 9, 2024

US targets Chinese resources sector with forced labor blacklist

On Thursday, the US Department of Homeland Security (DHS) added five more Chinese companies to an import blacklist under the Uyghur Forced Labor Prevention Act (UFLPA). There are now 85 companies on the UFLPA’s blacklist, which effectively bans them and their downstream customers from exporting to …

On Thursday, the US Department of Homeland Security (DHS) added five more Chinese companies to an import blacklist under the Uyghur Forced Labor Prevention Act (UFLPA).

There are now 85 companies on the UFLPA's blacklist, which effectively bans them and their downstream customers from exporting to ...

sources

US Gov: DHS Places Additional PRC-Based Companies on the UFLPA Entity List  

Reuters: US bans imports from five more Chinese companies over Uyghur forced labor

August 9, 2024

Regulators to release over 70 carbon standards

Beijing is preparing to put a full-court carbon reduction press on multiple industries. On Thursday, the macro planner (NDRC), market regulator (SAMR), and environmental regulator (MEE) released a two-year plan to develop a huge number of carbon standards. ICYDK: The plan is part of a unified e…

Beijing is preparing to put a full-court carbon reduction press on multiple industries.
On Thursday, the macro planner (NDRC), market regulator (SAMR), and environmental regulator (MEE) released a two-year plan to develop a huge number of carbon standards.
ICYDK: The plan is part of a unified e...

sources

Gov.cn: 国家发展改革委市场监管总局生态环境部关于进一步强化碳达峰碳中和标准计量体系建设行动方案（2024—2025年）的通知

Gov.cn: 国家发展改革委有关负责同志就《关于进一步强化碳达峰碳中和标准计量体系建设行动方案（2024—2025年）》答记者问

August 9, 2024

July CPI surprises to the upside

Consumer prices grew at their fastest rate in five months in July. Per data released by the stats bureau (NBS) on Friday: The consumer price index (CPI) grew by 0.5% y/y in July, up from 0.2% the previous month The producer price index (PPI) fell 0.8% y/y, the same as June’s decline Two key factor…

Consumer prices grew at their fastest rate in five months in July.
Per data released by the stats bureau (NBS) on Friday:

The consumer price index (CPI) grew by 0.5% y/y in July, up from 0.2% the previous month
The producer price index (PPI) fell 0.8% y/y, the same as June’s decline

Two key factor...

sources

Gov.cn: 国家统计局解读2024年7月份CPI和PPI数据

August 9, 2024

Sino-Italian cleantech cooperation flourishes amid warming bilateral ties

Sino-Italian cleantech cooperation is booming, following Italian Prime Minister Giorgia Meloni’s recent visit to Beijing. Exhibit A: On August 2, Italian solar manufacturing upstart Bee Solar signed a cooperation agreement with Chinese manufacturer Huasun. Bee Solar will build a plant in Italy usin…

Sino-Italian cleantech cooperation is booming, following Italian Prime Minister Giorgia Meloni’s recent visit to Beijing.
Exhibit A: On August 2, Italian solar manufacturing upstart Bee Solar signed a cooperation agreement with Chinese manufacturer Huasun.

Bee Solar will build a plant in Italy usin...

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Reuters: Italy's Bee Solar, China's Huasun team up on solar panel components

la Repubblica: La fabbrica Dongfeng in Italia è più vicina

Gov.it: Italia-Cina: firmata al Mimit intesa con Renexia e MingYang per Newco di turbine eoliche

August 9, 2024

LGFV debt risks spread to bond market

Local government financing vehicle (LGFV) financial distress is manifesting in the bond market. On Monday, Shanghai Real Finance Leasing (SRFL), a financial leasing firm that provides funding to LGFVs, defaulted on a private placement bond worth RMB 428 million (Caixin). The default occurred after …

Local government financing vehicle (LGFV) financial distress is manifesting in the bond market.
On Monday, Shanghai Real Finance Leasing (SRFL), a financial leasing firm that provides funding to LGFVs, defaulted on a private placement bond worth RMB 428 million (Caixin).

The default occurred after ...

sources

Caixin: 城投应收账款大量逾期拖累上实租赁4亿私募债违约

August 9, 2024

Protecting user data from platform business disruptions

What happens to all your pics if your favorite social media company goes bankrupt? On Wednesday, China’s cybersecurity technical standards body (TC260) released draft guidelines for data handling by platforms that are terminating their services. Some context: China’s personal information and data se…

What happens to all your pics if your favorite social media company goes bankrupt?
On Wednesday, China’s cybersecurity technical standards body (TC260) released draft guidelines for data handling by platforms that are terminating their services.
Some context: China’s personal information and data se...

sources

TC260: 关于对《网络安全标准实践指南—互联网平台停服数据处理安全要求（征求意见稿）》公开征求意见的通知

August 9, 2024

Private investment market looking grim

China’s private investment market is struggling. On Tuesday, Chinese investment data provider Zero2IPO released 2024 H1 data for China’s private investment market, covering venture investment and private equity. The numbers paint a grim picture: Fundraising stood at RMB 622.93 billion, down 22.6% …

China’s private investment market is struggling.
On Tuesday, Chinese investment data provider Zero2IPO released 2024 H1 data for China’s private investment market, covering venture investment and private equity.
The numbers paint a grim picture:

Fundraising stood at RMB 622.93 billion, down 22.6% ...

sources

Zero2IPO: 今年过半，一级市场最新动态

August 8, 2024

Just say “bu”

China is cracking down on fentanyl precursors. On Monday, the Ministry of Public Security announced new restrictions on the production and sale of 4-AP, 1-boc-4-AP, and norfentanyl, three chemicals used in the production of fentanyl. Some context: As the opioid epidemic ravages the US, productive ef…

China is cracking down on fentanyl precursors.
On Monday, the Ministry of Public Security announced new restrictions on the production and sale of 4-AP, 1-boc-4-AP, and norfentanyl, three chemicals used in the production of fentanyl.
Some context: As the opioid epidemic ravages the US, productive ef...

sources

WSJ: China Restricts Fentanyl Chemicals After Years of U.S. Pressure

August 8, 2024

Some companies are more equal than others

China is taking steps to ensure state-owned companies treat private firms and MNCs equally. But there are big caveats. On Tuesday, the state-owned asset regulator (SASAC) and the macro planner (NDRC) published guidance on “standardizing” procurement processes by central state-owned enterprises (SO…

China is taking steps to ensure state-owned companies treat private firms and MNCs equally.

But there are big caveats.

On Tuesday, the state-owned asset regulator (SASAC) and the macro planner (NDRC) published guidance on "standardizing" procurement processes by central state-owned enterprises (SO...

sources

SASAC: 关于印发《关于规范中央企业采购管理工作的指导意见》的通知

August 8, 2024

Provinces make impressive decarbonization progress

Chinese provinces are on track for major progress in power sector decarbonization this year. On Friday, the macro planner (NDRC) and energy regulator (NEA) released annual provincial-level renewable energy absorption quotas for 2024. Some context: To advance decarbonization, Beijing has imposed quot…

Chinese provinces are on track for major progress in power sector decarbonization this year.
On Friday, the macro planner (NDRC) and energy regulator (NEA) released annual provincial-level renewable energy absorption quotas for 2024.
Some context: To advance decarbonization, Beijing has imposed quot...

sources

BJX: 重磅！2024、2025年可再生能源消纳考核指标敲定

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