string(13) "markets-macro"

Macro

July 2, 2024

Legislature passes Rural Collective Economic Organizations Law

China just fixed a huge legal barrier to developing the rural economy. On Friday, the legislature (NPCSC) adopted a new Rural Collective Economic Organizations Law. The law gives rural collective economic organizations (RCEOs) a legal definition, legal personhood status, and a formal leadership stru… Username Password Remember Me Forgot Password

China just fixed a huge legal barrier to developing the rural economy.
On Friday, the legislature (NPCSC) adopted a new Rural Collective Economic Organizations Law. The law gives rural collective economic organizations (RCEOs) a legal definition, legal personhood status, and a formal leadership stru...

sources

NPC: 中华人民共和国农村集体经济组织法

NPC: 为促进农村集体经济发展壮大奠定良好法治基础

July 2, 2024

He Lifeng calls for more FDI

On July 1, China’s trade and econ czar, Vice Premier He Lifeng, chaired a symposium on attracting foreign direct investment (FDI). ICYDK: From January to May, foreign direct investment into China fell 28.2% y/y. The FDI drop was driven by China’s economic slowdown and heightened geopolitical tensio…

On July 1, China's trade and econ czar, Vice Premier He Lifeng, chaired a symposium on attracting foreign direct investment (FDI).
ICYDK: From January to May, foreign direct investment into China fell 28.2% y/y.

The FDI drop was driven by China's economic slowdown and heightened geopolitical tensio...

sources

Xinhua: 何立峰主持召开外资工作座谈会指出深入学习贯彻习近平总书记重要指示精神进一步做好吸引和利用外资工作

WSJ: China’s Foreign Direct Investment Falls Further in May

July 2, 2024

Xi marks 70th anniversary of Five Principles of Peaceful Coexistence

Xi would like to teach the world to sing (in perfect harmony). On Friday, Xi Jinping gave a speech marking the 70th anniversary of the Five Principles of Peaceful Coexistence (FPPC), in Beijing. History lesson: China first proposed the FPPC in 1954 as part of border negotiations with India. The FPP…

Xi would like to teach the world to sing (in perfect harmony).
On Friday, Xi Jinping gave a speech marking the 70th anniversary of the Five Principles of Peaceful Coexistence (FPPC), in Beijing.
History lesson: China first proposed the FPPC in 1954 as part of border negotiations with India.

The FPP...

sources

Xinhua: Full Text: Address by Chinese President Xi Jinping at conference marking 70th anniversary of Five Principles of Peaceful Coexistence

July 2, 2024

Xi vows closer economic ties with Peru

On Friday, Xi Jinping met with Peruvian president Dina Boluarte in Beijing. Some context: Peru is the world’s second-largest producer of copper ore – essential for everything from power grids to buildings and cars – making it a vital link to China’s industrial economy. Peru accounts for over 20% of…

On Friday, Xi Jinping met with Peruvian president Dina Boluarte in Beijing.
Some context: Peru is the world’s second-largest producer of copper ore – essential for everything from power grids to buildings and cars – making it a vital link to China’s industrial economy.

Peru accounts for over 20% of...

sources

Gov.cn: 习近平同秘鲁总统博鲁阿尔特会谈

Gov.cn: 中国与秘鲁宣布实质性完成自贸协定升级谈判

SCMP: China and Peru agree to forge stronger economic and tech ties – starting with Chancay port

July 2, 2024

Flying Too Close to the Sun: China’s Looming Solar Industry Shake-Out

After years of expansion, China’s solar industry has reached a critical point. Overcapacity, grid bottlenecks, and power market reforms are undermining the industry’s growth prospects and threatening the financial viability of solar manufacturers. In this deep dive, we review the major challenges fa…

After years of expansion, China’s solar industry has reached a critical point. Overcapacity, grid bottlenecks, and power market reforms are undermining the industry’s growth prospects and threatening the financial viability of solar manufacturers.
In this deep dive, we review the major challenges fa...

July 2, 2024

Driving towards clarity

Restrictions on smart car data collection are becoming more defined. On Friday, the Ministry of Natural Resources (MNR) released a pair of draft mandatory national standards governing geospatial data collection and handling by intelligent and connected vehicles (ICVs). Some context: Mapping data has…

Restrictions on smart car data collection are becoming more defined.
On Friday, the Ministry of Natural Resources (MNR) released a pair of draft mandatory national standards governing geospatial data collection and handling by intelligent and connected vehicles (ICVs).
Some context: Mapping data has...

sources

MNR: 自然资源部关于公开征求《智能网联汽车时空数据传感系统安全基本要求》（征求意见稿）等2项强制性国家标准意见的公告

July 2, 2024

Compute shortage will only get worse

China’s AI industry is starting to feel the pain as US export controls choke off compute power. According to a Thursday report from The Information: Chinese companies, including Kuaishou and Moonshot AI, are struggling to serve a rising number of users due to a chip shortage. Alibaba Cloud …

China’s AI industry is starting to feel the pain as US export controls choke off compute power.
According to a Thursday report from The Information:

Chinese companies, including Kuaishou and Moonshot AI, are struggling to serve a rising number of users due to a chip shortage.
Alibaba Cloud ...

sources

The Information: China’s AI Sector Faces Fallout From U.S. Chip Curbs

Tencent Tech: 独家对话李开复：中国AI助手赛道DAU仅千万量级，大模型市场教育很迫切

July 1, 2024

Roll On (Eighteen Wheeler)

China’s efforts to decarbonize heavy-duty trucking (HDT) are finally gaining momentum. On Tuesday, industry research group GGII reported that national sales of new energy vehicle (NEV) HDTs – dominated by battery electric models – reached 20,776 between January and May, up 139% y/y. Some context: Ch…

China’s efforts to decarbonize heavy-duty trucking (HDT) are finally gaining momentum.
On Tuesday, industry research group GGII reported that national sales of new energy vehicle (NEV) HDTs – dominated by battery electric models – reached 20,776 between January and May, up 139% y/y.
Some context: Ch...

sources

Caixin: 前五个月新能源重卡销量同比增长139% 赛道内资本活跃

July 1, 2024

Top cities seek to support auto sales

Chinese cities are removing auto purchase restrictions. On Tuesday, the Beijing Municipal Government’s official WeChat account reposted the macro planner’s (NDRC) recent consumption-boosting guidelines – which encourage cities to “relax vehicle purchase limits and issue more vehicle purchase quotas….

Chinese cities are removing auto purchase restrictions.
On Tuesday, the Beijing Municipal Government's official WeChat account reposted the macro planner’s (NDRC) recent consumption-boosting guidelines – which encourage cities to "relax vehicle purchase limits and issue more vehicle purchase quotas....

sources

Caixin: 国家主管部门鼓励汽车限购城市增加指标北京官方转发引关注

July 1, 2024

NBS and Caixin PMIs diverge

China’s June manufacturing conditions were a mixed bag. The stats bureau (NBS) and Caixin released their monthly PMI prints on Sunday and Monday, respectively. A quick refresher: PMIs give a snapshot of business conditions based on survey responses. A reading above 50 indicates expansion, and below…

China's June manufacturing conditions were a mixed bag.
The stats bureau (NBS) and Caixin released their monthly PMI prints on Sunday and Monday, respectively.
A quick refresher: PMIs give a snapshot of business conditions based on survey responses.

A reading above 50 indicates expansion, and below...

sources

Gov.cn: 6月份中国制造业PMI为49.5%

Caixin: 财新中国通用制造业PMI新闻稿

July 1, 2024

State Council issues new rare earth regs

On Saturday, the State Council issued new regulations governing rare earth mining, processing, and distribution. The new rules will go into effect on October 1. TL;DR: The final version contained no significant changes compared to the November 2021 draft. But it did include this new line: “…

On Saturday, the State Council issued new regulations governing rare earth mining, processing, and distribution.

The new rules will go into effect on October 1.

TL;DR: The final version contained no significant changes compared to the November 2021 draft.
But it did include this new line:

“...

sources

State Council: 稀土管理条例

MIIT: 司法部工业和信息化部负责人就《稀土管理条例》答记者问

Nikkei: China says rare earths belong to state in new regulation

July 1, 2024

Trump and Biden trade barbs on China

The next US administration is going to be tough on China. On Thursday, incumbent US President Joe Biden squared off against his predecessor Donald Trump in the first 2024 presidential debate. While not a focus of the debate, the two candidates traded barbs about the others’ track record on China. Bi…

The next US administration is going to be tough on China.
On Thursday, incumbent US President Joe Biden squared off against his predecessor Donald Trump in the first 2024 presidential debate.
While not a focus of the debate, the two candidates traded barbs about the others’ track record on China.
Bi...

sources

CNN: READ: Biden-Trump debate transcript

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162