string(13) "markets-macro"

Macro

April 30, 2025

Xi taps Shanghai as AI industry development leader

On Tuesday, Xi Jinping visited Mosu Space, an artificial intelligence (AI) incubator in Shanghai hosting over 100 companies. Xi’s message: Shanghai is leading the charge in AI, and cadres nationwide need to take notes. The big man remarked that Shanghai should “summarize” its successful effort… Username Password Remember Me Forgot Password

The big man remarked that Shanghai should “summarize” its successful effort...

sources

People.cn: 习近平在上海考察时强调加快建成具有全球影响力的科技创新高地

April 29, 2025

Government tax revenues drop sharply in Q1

Government finances are in a right pickle. Per data released by the tax authorities, China’s tax revenues declined by 3.5% y/y throughout Q1. This figure is even more and alarming considering nominal GDP grew by 4.6% y/y. So what explains the decoupling between economic activity and tax revenues? …

Government finances are in a right pickle.
Per data released by the tax authorities, China’s tax revenues declined by 3.5% y/y throughout Q1.

This figure is even more and alarming considering nominal GDP grew by 4.6% y/y.

So what explains the decoupling between economic activity and tax revenues?
...

April 29, 2025

Energy regulator pushes for more private sector investment

Beijing wants the private sector to turbocharge China’s renewable energy transition. On Monday, the energy regulator (NEA) issued measures to boost private sector investment in the energy industry. Some context: Energy infrastructure projects – from nuclear power plants to hydropower megaprojects –…

Beijing wants the private sector to turbocharge China's renewable energy transition.
On Monday, the energy regulator (NEA) issued measures to boost private sector investment in the energy industry.
Some context: Energy infrastructure projects – from nuclear power plants to hydropower megaprojects –...

sources

Gov.cn: 国家能源局关于促进能源领域民营经济发展若干举措的通知

April 29, 2025

China revives push for Healthcare Security Law

China wants to shore up public healthcare. On Sunday, the State Council approved the draft Healthcare Security Law. Some context: China’s public healthcare system is plagued with challenges, including funding shortages, inconsistent provincial regulations, and public mistrust over the quality of gen…

China wants to shore up public healthcare.
On Sunday, the State Council approved the draft Healthcare Security Law.
Some context: China's public healthcare system is plagued with challenges, including funding shortages, inconsistent provincial regulations, and public mistrust over the quality of gen...

sources

Gov.cn: 李强主持召开国务院常务会议部署开展美丽河湖保护与建设行动等

April 29, 2025

China braces for “protracted war”

On Friday, the FT – quoting AmCham China sources – reported that China plans to exempt certain US products from its 125% tariffs. “Healthcare imports to China were under review for possible tariff exemptions.” “Companies in sectors including aviation and industrial chemicals said that some of their…

On Friday, the FT – quoting AmCham China sources – reported that China plans to exempt certain US products from its 125% tariffs.

“Healthcare imports to China were under review for possible tariff exemptions.”
“Companies in sectors including aviation and industrial chemicals said that some of their...

sources

FT: China grants some tariff exemptions for US imports as trade war bites

Beijing Daily: 今天，有必要重温《论持久战》

MoFA: 外交部：不跪！

April 29, 2025

Tax revenue lags despite strong Q1 GDP growth

Tax revenue growth diverged from GDP growth in the first three months of 2025. In Q1, the economy grew by 5.4% y/y, beating expectations. However, tax revenue declined by 3.5%. On Tuesday, Caixin published a report exploring the causes. First, to offset declining tax revenue in 2024, the finance m…

Tax revenue growth diverged from GDP growth in the first three months of 2025.

In Q1, the economy grew by 5.4% y/y, beating expectations.
However, tax revenue declined by 3.5%.

On Tuesday, Caixin published a report exploring the causes.
First, to offset declining tax revenue in 2024, the finance m...

sources

Caixin: 一季度税收和GDP同比一降一增因何背离？

April 29, 2025

PBoC signals loan forbearance for exporters

China’s central bank (PBoC) will encourage banks to exercise forbearance when dealing with firms hit by the trade war. On Monday, PBoC Deputy Governor Zou Lan outlined ways in which the central bank will follow up on the support promised at last week’s Politburo meeting. Zou said the PBoC would doub…

China’s central bank (PBoC) will encourage banks to exercise forbearance when dealing with firms hit by the trade war.
On Monday, PBoC Deputy Governor Zou Lan outlined ways in which the central bank will follow up on the support promised at last week’s Politburo meeting.
Zou said the PBoC would doub...

sources

PBoC: 中国人民银行副行长邹澜出席国新办新闻发布会并答记者问

April 29, 2025

Research decoupling persists in wake of data security issues

What happened: On April 25, Reuters reported that three European funding agencies – the German Research Foundation, Swedish Research Council and Swiss National Science Foundation – had not offered new co-funding for projects with the National Natural Science Foundation of China (NSFC) since China’s …

sources

Reuters: China’s data protection rules prompt pause from major European research funders

April 29, 2025

NDA establishes National Data Development Institute

What happened: On April 25, the National Data Administration (NDA) established the National Data Development Institute. The new body’s mission will be conducting research on strategic data issues, producing policy recommendations on data resource development, and assisting in data economy projects…

What happened: On April 25, the National Data Administration (NDA) established the National Data Development Institute.

The new body’s mission will be conducting research on strategic data issues, producing policy recommendations on data resource development, and assisting in data economy projects...

sources

NDA: 国家数据发展研究院正式揭牌

April 28, 2025

Regulators announce plans to optimize energy sector planning to support transportation decarbonization

On Friday, 10 regulators – led by the transport ministry (MoT) and macro planner (NDRC) – issued guidelines to promote the integration of transportation and energy. Some context: China’s new energy vehicle (NEV) penetration rates have surged since 2020 – far exceeding expectations. More context: How…

On Friday, 10 regulators – led by the transport ministry (MoT) and macro planner (NDRC) – issued guidelines to promote the integration of transportation and energy.
Some context: China’s new energy vehicle (NEV) penetration rates have surged since 2020 – far exceeding expectations.
More context: How...

sources

MoT: 交通运输部等十部门关于推动交通运输与能源融合发展的指导意见

April 28, 2025

Schrödinger’s chat: Are China and the US talking or not?

As the US-China trade war settles into a protracted slog, all eyes are on the possibility of a negotiated settlement. But that’s highly unlikely until the two sides lay some groundwork at the working level. So, are those working-level meetings taking place? Erm, we don’t know. On April 17, Trump…

As the US-China trade war settles into a protracted slog, all eyes are on the possibility of a negotiated settlement.

But that’s highly unlikely until the two sides lay some groundwork at the working level.

So, are those working-level meetings taking place?

Erm, we don’t know.

On April 17, Trump...

sources

JoongAng Ilbo: [단독]물밑 접촉 부인하더니…中고위인사, 美재무부 직접 찾아갔다 [출처:중앙일보]

Reuters: Trump says Xi called him, lays out trade and other deal plans in Time interview

SCMP: Again, no – China and the US are not in tariff talks, Chinese embassy says as Trump repeats claims

April 28, 2025

Politburo holds a second AI study session after seven years

On Friday, the Politburo held a study session focused on AI. ICYDK: These monthly sessions – chaired by Xi Jinping – tackle the big-picture issues that keep senior officials up at night. This is the second time AI has been the focus of a Politburo study session – the only sci-tech issue to receive t…

On Friday, the Politburo held a study session focused on AI.
ICYDK: These monthly sessions – chaired by Xi Jinping – tackle the big-picture issues that keep senior officials up at night.
This is the second time AI has been the focus of a Politburo study session – the only sci-tech issue to receive t...

sources

People.cn: 习近平在中共中央政治局第二十次集体学习时强调坚持自立自强突出应用导向推动人工智能健康有序发展

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162