string(13) "markets-macro"

Macro

August 8, 2024

More cities ease restrictions on developer discounts

More cities are allowing property developers to offer deep discounts on new homes. Refresher: The recently concluded Third Plenum promised to give cities “sufficient autonomy” in relaxing housing policies, such as local regulations limiting how much home prices may fall. Just days later, Zhengzhou … Username Password Remember Me Forgot Password

More cities are allowing property developers to offer deep discounts on new homes.
Refresher: The recently concluded Third Plenum promised to give cities “sufficient autonomy” in relaxing housing policies, such as local regulations limiting how much home prices may fall.

Just days later, Zhengzhou ...

sources

Cailianshe: 武汉取消“限跌令”？当地监管部门：新房售价由企业自主决定

Sina: 武汉文旅集团万和光谷直降近万元？销售负责人：半年没卖出一套房

NBD: 房价直降5000元/平引老业主不满，武汉某新盘开发商封盘致歉，“将对国庆期间购房者进行退款处理”

August 8, 2024

Starlink FOMO

The space race is on. On Tuesday, the industrial regulator (MIIT) released a policy document aimed at improving the business and innovation environment for the telecom and internet sectors. The most interesting bit: Policymakers are tapping into the private sector to innovate in th…

The space race is on.
On Tuesday, the industrial regulator (MIIT) released a policy document aimed at improving the business and innovation environment for the telecom and internet sectors.
The most interesting bit: Policymakers are tapping into the private sector to innovate in th...

sources

MIIT: 工业和信息化部关于创新信息通信行业管理优化营商环境的意见

The Paper: 数据 | 2023年中国送了多少颗“星星”上太空？

Caixin: 财新周刊｜“星链”背后的太空频轨竞争

August 7, 2024

Wang Yi calls Egyptian, Jordanian counterparts

China is here to help. On Tuesday, top diplomat Wang Yi separately called Jordan’s Deputy Prime Minister Ayman Safadi and Egypt’s Foreign Minister Badr Abdelatty to discuss heightened tensions in the Middle East. ICYMI: Hamas’s political chief, Ismail Haniyeh, was assassinated last week in Tehran, I…

China is here to help.
On Tuesday, top diplomat Wang Yi separately called Jordan’s Deputy Prime Minister Ayman Safadi and Egypt’s Foreign Minister Badr Abdelatty to discuss heightened tensions in the Middle East.
ICYMI: Hamas’s political chief, Ismail Haniyeh, was assassinated last week in Tehran, I...

sources

MoFA: 王毅同约旦副首相兼外交大臣萨法迪通电话

MoFA: 王毅同埃及外长阿卜杜勒阿提通电话

August 7, 2024

No fairness in love and innovation

Beijing is leveraging its purchasing power to boost homegrown innovation. On Tuesday, the State-owned Assets Supervision and Administration Commission (SASAC) and the macro planning agency (NDRC) released guidelines for managing the procurement process by centrally-administered state-owned ent…

Beijing is leveraging its purchasing power to boost homegrown innovation.
On Tuesday, the State-owned Assets Supervision and Administration Commission (SASAC) and the macro planning agency (NDRC) released guidelines for managing the procurement process by centrally-administered state-owned ent...

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 7, 2024

Beijing issues yet another grid development plan

Beijing is aiming to future-proof its power system. On Tuesday, the macro planner (NDRC), energy regulator (NEA), and data administrator (NDA) published a four-year action plan on building a “new-type” energy system. Some context: China is on a record-shattering renewables installation spree as part…

Beijing is aiming to future-proof its power system.
On Tuesday, the macro planner (NDRC), energy regulator (NEA), and data administrator (NDA) published a four-year action plan on building a “new-type" energy system.
Some context: China is on a record-shattering renewables installation spree as part...

sources

Gov.cn: 国家发展改革委国家能源局国家数据局关于印发《加快构建新型电力系统行动方案（2024—2027年）》的通知

August 7, 2024

A property tax reform dilemma

China’s property-related taxes are in for an overhaul over the next few years. ICYMI: The Party’s Third Plenum cryptically promised to “optimize the property tax system.” We were on high alert for signs Beijing might finally impose a property tax on homeowners. But according to Chen Xudong, fiscal…

China’s property-related taxes are in for an overhaul over the next few years.
ICYMI: The Party's Third Plenum cryptically promised to “optimize the property tax system.”

We were on high alert for signs Beijing might finally impose a property tax on homeowners.

But according to Chen Xudong, fiscal...

sources

Yicai: 完善房地产税收制度的三个维度

August 7, 2024

Dongfeng goes to Italy

The Chinese auto industry’s road, like so many others, leads to Rome. The latest: On August 6, Reuters reported that Chinese automaker Dongfeng is in advanced discussions with the Italian government to build a local new energy vehicle (NEV) plant. While not finalized, early indications suggest the …

The Chinese auto industry's road, like so many others, leads to Rome.
The latest: On August 6, Reuters reported that Chinese automaker Dongfeng is in advanced discussions with the Italian government to build a local new energy vehicle (NEV) plant.

While not finalized, early indications suggest the ...

sources

Reuters: Italy in talks with China's Dongfeng and others over auto plant, minister says

August 7, 2024

July trade data less than meets the eye

China’s headline July trade numbers are impressive, but there’s weakness under the surface. Per data released by the customs bureau (GAC) on Wednesday: Exports grew by 7.0% y/y in USD terms last month, down from 8.6% growth in June Imports grew by 7.2% y/y, reversing June’s 2.3% decline The July t…

China's headline July trade numbers are impressive, but there's weakness under the surface.
Per data released by the customs bureau (GAC) on Wednesday:

Exports grew by 7.0% y/y in USD terms last month, down from 8.6% growth in June
Imports grew by 7.2% y/y, reversing June’s 2.3% decline
The July t...

sources

Gov.cn: 我国月度进出口同比增速连续4个月保持5%以上

August 7, 2024

AI collaborative governance

It takes a village to raise an AI. On Monday, an editorial in the People’s Daily expanded on AI governance pledges offered in the Third Plenum Decisions. Quick recap: The decisions were vague on AI regulation. The two key mentions: “We will improve the mechanisms for developing and managing generat…

It takes a village to raise an AI.
On Monday, an editorial in the People’s Daily expanded on AI governance pledges offered in the Third Plenum Decisions.
Quick recap: The decisions were vague on AI regulation. The two key mentions:

“We will improve the mechanisms for developing and managing generat...

sources

People.cn: 坚持以人为本引导智能向善提高人工智能安全治理水平（有的放矢）

August 6, 2024

New regulations promise support for military veterans

Xi Jinping wants to keep veterans happy. On Thursday, the Central Military Commission (CMC) and State Council released new regulations to help retired military personnel find jobs after leaving the military. The new regulations are an update on similar regulations passed in 2011. ICYDK: In Xi Jinp…

The new regulations are an update on similar regulations passed in 2011.

ICYDK: In Xi Jinp...

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Gov.cn: 退役军人安置条例

August 6, 2024

Financial regulators push to boost rural finance

On Monday, the central bank (PBOC) and other financial regulators (NFRA, CSRC, MoF) launched a campaign to channel more financial support into agriculture and rural development. The campaign aims to expand the financial services available for: Low-income households Rural infrastructure projects Key…

On Monday, the central bank (PBOC) and other financial regulators (NFRA, CSRC, MoF) launched a campaign to channel more financial support into agriculture and rural development.
The campaign aims to expand the financial services available for:

Low-income households
Rural infrastructure projects
Key...

sources

PBoC: 关于开展学习运用“千万工程”经验加强金融支持乡村全面振兴专项行动的通知

August 6, 2024

Flip it and reverse it

The script has suddenly flipped for the Chinese currency. After steadily depreciating against the USD – by 2% since the beginning of 2024 – the CNY has strengthened aggressively by 1.27% in just the past three trading days. Some context: The yuan’s renewed vigor comes amid wider global market volat…

The script has suddenly flipped for the Chinese currency.
After steadily depreciating against the USD – by 2% since the beginning of 2024 – the CNY has strengthened aggressively by 1.27% in just the past three trading days.

Some context: The yuan’s renewed vigor comes amid wider global market volat...

sources

Bloomberg: Yuan Strengthens Through PBOC’s Daily Guideline as Bears Flee

Yicai: 人民币两周暴涨1500点，离岸在岸倒挂！有出口商紧急结汇

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