string(13) "markets-macro"

Macro

August 6, 2024

Secondhand home sales grow in major cities

Sales of existing homes continue to clock up robust growth in major cities. The latest: In July, sales of pre-owned housing grew over 30% y/y across the 11 major cities monitored by housing data provider China Index Academy. Property sales typically experience a lull during July and August, making … Username Password Remember Me … Read More »

Property sales typically experience a lull during July and August, making ...

sources

21st Century Biz: 7月多地二手房成交转强政策效果持续显现

Fangchan: 7月广州市二手住宅网签超万宗

Fangchan: 广州：7月二手住宅网签套数环比下降2.36%

August 6, 2024

VCs rush to redeem shares

There’s a time bomb ticking in Chinese startup land. Chinese venture capitalists (VCs) are under pressure from their limited partners (LPs) to generate returns, and their solution is to target their portfolio companies (Caixin). Case in point: In 2023, Shenzhen Capital Group – one of the …

There's a time bomb ticking in Chinese startup land.
Chinese venture capitalists (VCs) are under pressure from their limited partners (LPs) to generate returns, and their solution is to target their portfolio companies (Caixin).
Case in point: In 2023, Shenzhen Capital Group – one of the ...

sources

Caixin: 一级市场“起诉退出”潮

August 6, 2024

Boosting tech transfer for key industries

The National Intellectual Property (IP) Administration (CNIPA) is stepping up to support Beijing’s tech ambitions. Last week, the CNIPA and several other regulators released a policy document aimed at enhancing the competitiveness of key industries via technology transfer. According to t…

The National Intellectual Property (IP) Administration (CNIPA) is stepping up to support Beijing's tech ambitions.
Last week, the CNIPA and several other regulators released a policy document aimed at enhancing the competitiveness of key industries via technology transfer.
According to t...

sources

CNIPA: 《关于推进重点产业知识产权强链增效的若干措施》解读

August 5, 2024

State Council announces plan to control carbon emissions

Beijing is undertaking a big change in how it promotes the green transition. On Friday, the State Council released a detailed work plan to shift away from controlling energy consumption and instead focus on limiting carbon emissions. ICYDK: China currently employs dual energy controls, assessing eac…

Beijing is undertaking a big change in how it promotes the green transition.
On Friday, the State Council released a detailed work plan to shift away from controlling energy consumption and instead focus on limiting carbon emissions.
ICYDK: China currently employs dual energy controls, assessing eac...

sources

Gov.cn: 加快构建碳排放双控制度体系工作方案

Gov.cn: 国家发展改革委有关负责同志就《加快构建碳排放双控制度体系工作方案》答记者问

August 5, 2024

NDRC promises big economic boost from urbanization

China’s new urbanization plan is set to unlock trillions of RMB in growth potential. That was the message from Zheng Bei, a vice director of the National Development and Reform Commission (NDRC), at a Friday presser. Zheng got specific about where growth will come from (NDRC): “We estimate that whe…

China's new urbanization plan is set to unlock trillions of RMB in growth potential.
That was the message from Zheng Bei, a vice director of the National Development and Reform Commission (NDRC), at a Friday presser.
Zheng got specific about where growth will come from (NDRC):

"We estimate that whe...

sources

NDRC: 国家发展改革委副主任郑备出席国务院政策例行吹风会介绍《深入实施以人为本的新型城镇化战略五年行动计划》有关情况并答记者问

August 5, 2024

The PRC pitch to Taiwanese businesses

Beijing wants to keep Taiwanese manufacturers in China. On July 26, Xi Jinping chaired a symposium with representatives of China’s eight “democratic parties” – including the Taiwan Democratic Self-Government League (TDSL) – to hear their ideas about economic policy. One topic of discussi…

Beijing wants to keep Taiwanese manufacturers in China.
On July 26, Xi Jinping chaired a symposium with representatives of China’s eight “democratic parties” – including the Taiwan Democratic Self-Government League (TDSL) – to hear their ideas about economic policy.
One topic of discussi...

sources

Gov.cn: 就当前经济形势和下半年经济工作中共中央召开党外人士座谈会习近平主持并发表重要讲话

MofCom: 2018年大陆与台湾经贸交流情况

Xinhua: 国台办：2023年两岸经济交流合作、融合发展取得积极进展

August 5, 2024

State Council publishes plan to boost services consumption

Officials have a plan to give services a boost. On Saturday, the State Council released new guidelines on promoting services consumption. ICYDK: In H1, services sector sales grew faster than consumer goods, but they are still significantly below pre-pandemic levels. The guidelines focus on: Restaur…

Officials have a plan to give services a boost.
On Saturday, the State Council released new guidelines on promoting services consumption.
ICYDK: In H1, services sector sales grew faster than consumer goods, but they are still significantly below pre-pandemic levels.
The guidelines focus on:

Restaur...

sources

Gov.cn: 国务院关于促进服务消费高质量发展的意见

August 5, 2024

Top leaders take a break

China’s leaders are at the beach. ICYDK: Every summer, for roughly the first two weeks in August, China’s leadership retires to the beachside resort of Beidaihe, about 300km east of Beijing. The annual retreat is shrouded in mystery. Reporting on the gathering is almost nonexistent. Why we think Xi …

China’s leaders are at the beach.
ICYDK: Every summer, for roughly the first two weeks in August, China’s leadership retires to the beachside resort of Beidaihe, about 300km east of Beijing.
The annual retreat is shrouded in mystery. Reporting on the gathering is almost nonexistent.
Why we think Xi ...

sources

Gov.cn: 蔡奇看望慰问北戴河暑期休假专家

August 5, 2024

NEV wholesales hold steady as brand disparities intensify

China’s new energy vehicle (NEV) wholesale growth held steady in July. According to preliminary CPCA data released August 2, wholesale NEV sales rose 29% y/y to 950,000 units in July, similar to June’s 28% y/y growth rate. ICYDK: Wholesale refers to the sale of NEVs to distributors or dealerships r…

China's new energy vehicle (NEV) wholesale growth held steady in July.
According to preliminary CPCA data released August 2, wholesale NEV sales rose 29% y/y to 950,000 units in July, similar to June's 28% y/y growth rate.

ICYDK: Wholesale refers to the sale of NEVs to distributors or dealerships r...

sources

CPCA: 【新能源】2024年7月新能源乘用车厂商批发销量快讯

August 5, 2024

Housing demand slump continues

July was another tough month for the property sector. On Wednesday, China Real Estate Information Corp. (CRIC) published its monthly survey of home sales figures from the country’s top 100 developers. The headlines: New home sales in July stood at RMB 279.07 billion, down 36.4% m/m and 19.4% y/y. Y…

July was another tough month for the property sector.
On Wednesday, China Real Estate Information Corp. (CRIC) published its monthly survey of home sales figures from the country’s top 100 developers.
The headlines:

New home sales in July stood at RMB 279.07 billion, down 36.4% m/m and 19.4% y/y.
Y...

sources

CRIC: 2024年1-7月中国房地产企业销售TOP100排行榜

CRIC: 2024年1-7月中国房地产企业新增货值TOP100排行榜

CRIC: 2024上半年中国房地产企业新增货值TOP100排行榜

August 5, 2024

LGFV land grabs create inventory of idle land

Land purchases by local government financing vehicles (LGFVs) have resulted in a massive stock of undeveloped land. Some context: Local governments rely on land sales as a key source of revenue. This revenue stream has been under pressure as private developers – facing financial distress – have redu…

Land purchases by local government financing vehicles (LGFVs) have resulted in a massive stock of undeveloped land.
Some context: Local governments rely on land sales as a key source of revenue. This revenue stream has been under pressure as private developers – facing financial distress – have redu...

sources

CRIC: 专题回顾 | 30城城投未开工土地近3.3亿平方米，后续代建空间几何？

Yicai: China’s Urban Investment Firms Get Little Built After Snapping Up Nearly Half of Land Auctioned in Last Few Years

August 5, 2024

State Grid announces record infrastructure investment target

China’s largest grid operator is increasing its 2024 infrastructure investment budget. On July 26, the State Grid Corporation of China (SGCC) increased its grid investment target to RMB 600 billion, up from the initial target of “over RMB 500 billion.” Its new target reflects a hefty 13.4% increase…

China's largest grid operator is increasing its 2024 infrastructure investment budget.
On July 26, the State Grid Corporation of China (SGCC) increased its grid investment target to RMB 600 billion, up from the initial target of "over RMB 500 billion."

Its new target reflects a hefty 13.4% increase...

sources

Xinhua: 国家电网电网投资创造纪录：2024年将完成6000亿元

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162