string(13) "markets-macro"

Macro

July 8, 2024

PBoC inks agreements to borrow CGBs

China’s central bank (PBoC) has signed agreements with several major banks to borrow Chinese government bonds (CGBs), a first step toward selling them. The PBoC revealed the news on Friday, saying the agreements allow it to borrow hundreds of billions of yuan worth of medium- and long-term CGBs from… Username Password Remember Me … Read More »

China’s central bank (PBoC) has signed agreements with several major banks to borrow Chinese government bonds (CGBs), a first step toward selling them.
The PBoC revealed the news on Friday, saying the agreements allow it to borrow hundreds of billions of yuan worth of medium- and long-term CGBs from...

sources

Bloomberg: China's PBOC Readies Multibillion-Yuan Pool of Bonds to Sell by Tapping Major Banks

Reuters: China's central bank has hundreds of billions of yuan of bonds at its disposal to cool long rally

July 8, 2024

Türkiye welcomes BYD investment amid tariff hikes

Türkiye will soon announce a USD 1 billion investment by BYD in a new production plant, giving the Chinese electric vehicle (EV) maker a new production base in the European market. Bloomberg first reported the plan on Friday, citing unnamed Turkish officials. It’s a huge win for BYD, Türkiye, an…

Türkiye will soon announce a USD 1 billion investment by BYD in a new production plant, giving the Chinese electric vehicle (EV) maker a new production base in the European market.

Bloomberg first reported the plan on Friday, citing unnamed Turkish officials.

It's a huge win for BYD, Türkiye, an...

sources

Bloomberg: China’s BYD Is Poised to Build $1 Billion EV Plant in Turkey

July 8, 2024

Biding time

There’s still a long way to go for China to achieve tech self-sufficiency. That was Executive Vice Premier Ding Xuexiang’s key message during his trip to Tianjin on Wednesday and Thursday. When Ding speaks, we listen: He was recently confirmed as the head of China’s top sci-tech policy…

There's still a long way to go for China to achieve tech self-sufficiency.

That was Executive Vice Premier Ding Xuexiang's key message during his trip to Tianjin on Wednesday and Thursday.

When Ding speaks, we listen: He was recently confirmed as the head of China's top sci-tech policy...

sources

People.cn: 丁薛祥在天津调研时强调以“十年磨一剑”的坚定决心和顽强意志加快实现高水平科技自立自强

July 8, 2024

Your biggest fan, this is (Tajiki)stan

Xi Jinping is all in on Central Asia. On Friday, Xi swung by Tajikistan for a quick state visit following the Shanghai Cooperation Organization summit in nearby Kazakhstan. There, Xi told Tajik President Emomali Rahmon what China is looking for (Xinhua 1): “Friendship and mutually beneficial cooper…

Xi Jinping is all in on Central Asia.
On Friday, Xi swung by Tajikistan for a quick state visit following the Shanghai Cooperation Organization summit in nearby Kazakhstan.
There, Xi told Tajik President Emomali Rahmon what China is looking for (Xinhua 1):

“Friendship and mutually beneficial cooper...

sources

Xinhua: Xi says China ready to develop comprehensive strategic cooperative partnership in new era with Tajikistan

MoFA: 习近平同塔吉克斯坦总统拉赫蒙共同会见记者

July 8, 2024

Local market regulators not ready to implement fair competition review

Local market regulators aren’t prepared or empowered to enforce the State Council’s newly released fair competition review regulations. So say multiple officials in local bureaus of the market regulator (SAMR) who discussed their outlook for implementing the fair competition review regulations relea…

Local market regulators aren't prepared or empowered to enforce the State Council’s newly released fair competition review regulations.
So say multiple officials in local bureaus of the market regulator (SAMR) who discussed their outlook for implementing the fair competition review regulations relea...

sources

Yicai: 从产业奖补到政府采购，“公平竞争审查”还有哪些细化空间

July 8, 2024

Shanghai veteran Shi Xiaolin appointed Sichuan Governor

Sichuan has its first female governor. On Thursday, Shi Xiaolin, 55, was appointed Acting Governor of Sichuan province, replacing Huang Qiang, who was recently appointed Jilin Party secretary. This is Shi’s first ministerial-level job. She will be formally appointed governor when the Sichuan Provin…

Sichuan has its first female governor.
On Thursday, Shi Xiaolin, 55, was appointed Acting Governor of Sichuan province, replacing Huang Qiang, who was recently appointed Jilin Party secretary.

This is Shi’s first ministerial-level job.
She will be formally appointed governor when the Sichuan Provin...

sources

Caixin: 人事观察|施小琳任四川省代省长

July 8, 2024

PBoC Watch: An overhaul of monetary policy architecture

To view PBoC Watch as a pdf, click here. China’s central bank (PBoC) has launched a major overhaul of its monetary policy infrastructure. On June 17, speaking at the Lujiazui Financial Forum, PBoC governor Pan Gongsheng outlined several technical changes to monetary policy, covering: Introduction o…

To view PBoC Watch as a pdf, click here.
China’s central bank (PBoC) has launched a major overhaul of its monetary policy infrastructure.
On June 17, speaking at the Lujiazui Financial Forum, PBoC governor Pan Gongsheng outlined several technical changes to monetary policy, covering:

Introduction o...

July 5, 2024

Xi pitches new world order to Shanghai Cooperation Organization

Xi Jinping’s vision of a multipolar world order has charmed the Shanghai Cooperation Organization (SCO). ICYDK: The SCO comprises China, Russia, India, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Iran, and (as of Wednesday) Belarus. Xi arrived in Kazakhstan on Tuesday, ahead of the an…

Xi Jinping's vision of a multipolar world order has charmed the Shanghai Cooperation Organization (SCO).
ICYDK: The SCO comprises China, Russia, India, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Iran, and (as of Wednesday) Belarus.

Xi arrived in Kazakhstan on Tuesday, ahead of the an...

sources

SCO: 中国国家主席习近平在“上海合作组织+”阿斯塔纳峰会上的讲话

SCO: 上海合作组织成员国元首理事会阿斯塔纳宣言

July 5, 2024

Germany examines deals with China on NatSec grounds

China-EU trade tensions are heating up again. The latest: On Wednesday, the German economy ministry announced it would “look very closely” at a deal in which China’s Ming Yang Smart Energy Group Limited would supply turbines for an offshore wind energy project in the North Sea. On the same day, Ger…

China-EU trade tensions are heating up again.
The latest:

On Wednesday, the German economy ministry announced it would “look very closely” at a deal in which China’s Ming Yang Smart Energy Group Limited would supply turbines for an offshore wind energy project in the North Sea.
On the same day, Ger...

sources

Nikkei: Germany to probe use of Chinese wind turbines in North Sea project

FT: Germany vetoes sale of sensitive turbine unit to Chinese group

Al-Jazeera: EU imposes tariffs of up to 38% on Chinese electric vehicles

July 5, 2024

Li Qiang emphasizes technological cooperation at AI summit

Let no country be left behind in the AI revolution. (Especially China.) On Thursday, Premier Li Qiang kicked off the World AI Conference (WAIC) in Shanghai. Some context: First held in 2018, the summit is China’s effort to foster greater collaboration between Chinese and global AI firms. More cont…

Let no country be left behind in the AI revolution.

(Especially China.)

On Thursday, Premier Li Qiang kicked off the World AI Conference (WAIC) in Shanghai.
Some context: First held in 2018, the summit is China’s effort to foster greater collaboration between Chinese and global AI firms.
More cont...

sources

People.cn: 李强出席2024世界人工智能大会暨人工智能全球治理高级别会议开幕式并致辞

Yicai: 人工智能全球治理上海宣言：高度重视人工智能的安全问题（全文）

July 5, 2024

ACFIC has a new Party boss

China’s private business chamber of commerce has a new Party boss. On Monday, updates to the leadership page on the website of the All-China Federation of Industry and Commerce (ACFIC) revealed that Shen Ying, 59, is now the Party secretary. This is Shen’s first ministerial-level job. ICYDK: Overs…

China’s private business chamber of commerce has a new Party boss.

On Monday, updates to the leadership page on the website of the All-China Federation of Industry and Commerce (ACFIC) revealed that Shen Ying, 59, is now the Party secretary.
This is Shen's first ministerial-level job.

ICYDK: Overs...

sources

The Paper: 沈莹已任中央统战部副部长、全国工商联党组书记（正部长级）

July 5, 2024

All equal if made in China

On Thursday, the State Council General Office released a three-year action plan to make government procurement fairer. ICYDK: Better access to government procurement is a top concern of foreign companies. And it is increasingly top of mind for Beijing. The big news for foreign businesses: The action…

On Thursday, the State Council General Office released a three-year action plan to make government procurement fairer.
ICYDK: Better access to government procurement is a top concern of foreign companies. And it is increasingly top of mind for Beijing.
The big news for foreign businesses: The action...

sources

Gov.cn: 国务院办公厅关于印发《政府采购领域 “整顿市场秩序、建设法规体系、促进产业发展” 三年行动方案（2024—2026年）》的通知

Sina: 特斯拉入围江苏政府采购，官方回应：满足入围要求！工作人员：特斯拉不属于进口，属于国产的

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