string(13) "markets-macro"

Macro

July 30, 2024

One country, one market

Reforms laid out at the Third Plenum are serious about tackling local protectionism. On Monday, the People’s Daily published an article by Vice Premier Zhang Guoqing on unifying the national market. The article is part of a series that shine more light on the Third Plenum reforms. Zhang assured fo… Username Password Remember Me … Read More »

The article is part of a series that shine more light on the Third Plenum reforms.

Zhang assured fo...

sources

People's Daily: 构建全国统一大市场（学习贯彻党的二十届三中全会精神）

July 30, 2024

Politburo meeting calls for more economic support

Macroeconomic support is on the way. That’s the big takeaway from July’s econ-focused Politburo meeting, which took place on Tuesday. The Politburo kicked off its meeting by identifying two of the big challenges facing the economy: “Domestic effective demand is insufficient.” “[Challenges] in the…

Macroeconomic support is on the way.

That’s the big takeaway from July’s econ-focused Politburo meeting, which took place on Tuesday.

The Politburo kicked off its meeting by identifying two of the big challenges facing the economy:

“Domestic effective demand is insufficient.”
“[Challenges] in the...

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Gov.cn: 中共中央政治局召开会议分析研究当前经济形势和经济工作审议《整治形式主义为基层减负若干规定》中共中央总书记习近平主持会议

July 30, 2024

Joint stock banks cut deposit rates

China’s 12 joint stock banks have cut interest rates on deposits. ICYMI: China’s big six state-owned commercial banks cut their deposit rates on Thursday. The joint stock banks – which have national charters but are significantly smaller than the big six – lowered their rates on Friday and Monday. F…

China’s 12 joint stock banks have cut interest rates on deposits.
ICYMI: China’s big six state-owned commercial banks cut their deposit rates on Thursday.
The joint stock banks – which have national charters but are significantly smaller than the big six – lowered their rates on Friday and Monday.
F...

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The Paper: 大中型银行完成今年首轮存款利率下调：活期时隔一年再下调，长期降幅更大

Yicai: 存款挂牌利率迈入“1时代”，消费及理财或受益

July 30, 2024

Senior advisor: Economic transformation requires financial overhaul

A leading government advisor says China’s economic transformation requires financial sector reform. In a recent interview, Wang Yiming – an academic member of the central bank’s (PBoC) monetary policy committee – said: “The current financial system isn’t compatible with the requirements of new prod…

A leading government advisor says China’s economic transformation requires financial sector reform.
In a recent interview, Wang Yiming – an academic member of the central bank’s (PBoC) monetary policy committee – said:

“The current financial system isn’t compatible with the requirements of new prod...

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CF40: 发展新质生产力应避免哪些误区？

July 30, 2024

Property developers downbeat about near-term demand revival

Developers don’t think officials have anything else at their disposal to revive housing demand. Some context: The central government rolled out a major property support package in mid-May, but the demand slump continued unabated. More context: Markets then pinned their hopes on the recently conclude…

Developers don't think officials have anything else at their disposal to revive housing demand.
Some context: The central government rolled out a major property support package in mid-May, but the demand slump continued unabated.
More context: Markets then pinned their hopes on the recently conclude...

sources

Caixin: 最新封面报道｜房地产：新模式确立

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

July 30, 2024

US DOJ defends TikTok ban law

TikTok is guilty of [REDACTED]. On Friday, media reported on court filings by the US Department of Justice (DOJ) defending the controversial TikTok ban law. ICYMI: Back in April, Congress passed a law mandating a divestment of TikTok’s US business by Chinese parent ByteDance, or face a ban. TikTok …

TikTok is guilty of [REDACTED].
On Friday, media reported on court filings by the US Department of Justice (DOJ) defending the controversial TikTok ban law.
ICYMI: Back in April, Congress passed a law mandating a divestment of TikTok’s US business by Chinese parent ByteDance, or face a ban.

TikTok ...

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NYT: Justice Dept. Defends TikTok Law That Forces App’s Sale or Ban

July 30, 2024

National online ID system to close privacy loophole

Verified…but still anonymous. On Friday, the Ministry of Public Security (MPS) and the cyberspace administration (CAC) published draft regulations that will form the basis for a national online identification system. Some context: In recent years, rules requiring real-name registration for online …

Verified...but still anonymous.
On Friday, the Ministry of Public Security (MPS) and the cyberspace administration (CAC) published draft regulations that will form the basis for a national online identification system.
Some context: In recent years, rules requiring real-name registration for online ...

sources

CAC: 公安部国家互联网信息办公室关于《国家网络身份认证公共服务管理办法（征求意见稿）》公开征求意见的公告

July 29, 2024

MoST sets up three new think tanks

More than a year after its massive reorganization plan dropped, the Ministry of Science and Technology (MoST) still hasn’t finished restructuring. MoST’s website shows the agency has quietly set up three new think tanks: The New Quality Productive Forces Promotion Center The New Technology Ce…

More than a year after its massive reorganization plan dropped, the Ministry of Science and Technology (MoST) still hasn't finished restructuring.
MoST's website shows the agency has quietly set up three new think tanks:

The New Quality Productive Forces Promotion Center
The New Technology Ce...

sources

Ministry of Science and Technology: 组织机构

July 29, 2024

Foreign affairs roundup: ASEAN edition

Over the weekend, top diplomat Wang Yi got up to a lot more then just blasting US hegemony. He also held a series of meetings with various foreign counterparts. Here are the highlights: In a meeting with US Secretary of State Antony Blinken, Wang called for continued efforts to “recalibrate the d…

Over the weekend, top diplomat Wang Yi got up to a lot more then just blasting US hegemony.

He also held a series of meetings with various foreign counterparts.

Here are the highlights:

In a meeting with US Secretary of State Antony Blinken, Wang called for continued efforts to “recalibrate the d...

sources

MoFA: Wang Yi Meets with U.S. Secretary of State Anthony Blinken

Reuters: Blinken chides Beijing's 'escalating actions' at sea, concerned over Taiwan

Reuters: China says relations with Japan at 'critical stage'

Reuters: Chinese Foreign Minister Wang pledges to work with Russia on East Asian peace

Xinhua: Chinese FM warns Philippines over U.S. intermediate missile system deployment

Reuters: China, S.Korea should avoid external interference, Chinese foreign minister says

July 29, 2024

Making ASEAN a hegemony-free zone

China wants to keep US influence out of its backyard. On Saturday, top diplomat Wang Yi gave a speech at the ASEAN Regional Forum in Vientiane, Laos. His theme: Just say “no” to Western meddling. Wang said that ASEAN members should “pursue common, comprehensive, cooperative and sustainable security”…

China wants to keep US influence out of its backyard.
On Saturday, top diplomat Wang Yi gave a speech at the ASEAN Regional Forum in Vientiane, Laos.
His theme: Just say "no" to Western meddling.
Wang said that ASEAN members should “pursue common, comprehensive, cooperative and sustainable security”...

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Xinhua: Chinese FM calls for ASEAN's commitment to vision of peace, ASEAN Way for regional peace, stability

July 29, 2024

Ag ministry moo-ves focus to beef and dairy oversupply

With the pig farming sector back in the black, Beijing has turned its attention to the beef and dairy sectors. At the ag ministry’s (MARA) post-Plenum presser on Wednesday, Chief Veterinary Officer Wang Leijun highlighted the ministry’s success in getting pig farmers to cut overcapacity. The suppl…

With the pig farming sector back in the black, Beijing has turned its attention to the beef and dairy sectors.
At the ag ministry's (MARA) post-Plenum presser on Wednesday, Chief Veterinary Officer Wang Leijun highlighted the ministry's success in getting pig farmers to cut overcapacity.

The suppl...

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SCIO: 国新办举行“推动高质量发展”系列主题新闻发布会（农业农村部）

July 29, 2024

Chinese solar giants scale back expansion plans

China’s breakneck solar expansion is cooling. The big news: The world’s largest solar module manufacturer is pausing construction of the world’s largest manufacturing facility. On Friday, Jinko Solar announced it would halt development of the second phase of its new plant in Shanxi. Some context: …

China’s breakneck solar expansion is cooling.
The big news: The world's largest solar module manufacturer is pausing construction of the world's largest manufacturing facility.

On Friday, Jinko Solar announced it would halt development of the second phase of its new plant in Shanxi.

Some context: ...

sources

Huaxia Energy: 晶科能源97亿超级一体化项目定增终止，李仙德重新思考“产能过剩”

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