string(13) "markets-macro"

Macro

April 28, 2025

Beijing wants overseas tourists to shop ‘til they drop

On Saturday, government agencies responsible for tax, tourism, and commerce jointly announced an expansion of value-added tax (VAT) refunds for tourists. Some context: Many countries allow tourists to reclaim the VAT they paid on purchases made while traveling, since they are not permanent residents… Username Password Remember Me Forgot Password

On Saturday, government agencies responsible for tax, tourism, and commerce jointly announced an expansion of value-added tax (VAT) refunds for tourists.
Some context: Many countries allow tourists to reclaim the VAT they paid on purchases made while traveling, since they are not permanent residents...

sources

Gov.cn: 商务部等6部门关于进一步优化离境退税政策扩大入境消费的通知

April 26, 2025

MIIT releases five-year plan for digital upgrading of pharma industry

What happened: On April 24, the industrial ministry (MIIT) and six other agencies jointly released a five-year plan to accelerate the digital transformation of China’s pharmaceutical industry. The plan sets out the following targets for 2027: Draft 30 technical standards for digital technologies i…

What happened: On April 24, the industrial ministry (MIIT) and six other agencies jointly released a five-year plan to accelerate the digital transformation of China's pharmaceutical industry.
The plan sets out the following targets for 2027:

Draft 30 technical standards for digital technologies i...

sources

MIIT: 工业和信息化部等七部门关于印发《医药工业数智化转型实施方案（2025—2030年）》的通知

April 26, 2025

Zhipu goes global

What happened: On April 23, an executive at Zhipu AI announced that the company has been expanding its overseas presence ahead of the firm’s IPO, including through a partnership with Alibaba Cloud. Zhipu reportedly now has offices in the Middle East, Singapore, the UK, Malaysia, with R&D cente…

What happened: On April 23, an executive at Zhipu AI announced that the company has been expanding its overseas presence ahead of the firm’s IPO, including through a partnership with Alibaba Cloud.

Zhipu reportedly now has offices in the Middle East, Singapore, the UK, Malaysia, with R&D cente...

sources

Reuters: Zhipu AI ramps up overseas expansion strategy ahead of IPO

April 25, 2025

China quietly de-escalating in tariff standoff

We’ve finally got some good news on the US-China trade front. On Friday, domestic media Caijing reported that China has exempted most US-origin chips from its 125% retaliatory tariffs, effective April 24. What’s more, tariffs collected between April 10 and 24 will reportedly be refunded. Caijing’s…

We've finally got some good news on the US-China trade front.
On Friday, domestic media Caijing reported that China has exempted most US-origin chips from its 125% retaliatory tariffs, effective April 24.

What's more, tariffs collected between April 10 and 24 will reportedly be refunded.

Caijing's...

sources

Caijing: 独家 | 部分企业称从美国进口半导体免除加征关税

April 25, 2025

China launches campaign to smooth import-export processes

On Thursday, Beijing launched a five-month campaign to cut costs, smooth logistics, and shorten inspection and approval timelines for importers and exporters. It’s a team effort: The announcement, helmed by customs, was cosigned by a whopping 20 ministries and agencies. Vice Premier He Lifeng – Chin…

On Thursday, Beijing launched a five-month campaign to cut costs, smooth logistics, and shorten inspection and approval timelines for importers and exporters.
It's a team effort: The announcement, helmed by customs, was cosigned by a whopping 20 ministries and agencies.
Vice Premier He Lifeng – Chin...

sources

GAC: 海关总署牵头部署开展跨境贸易便利化专项行动

People's Daily: 何立峰出席跨境贸易便利化专项行动部署会并讲话

April 25, 2025

Politburo signals economic policies to stay on course

On Friday – as expected – the Politburo held its quarterly econ-focused meeting, laying out what economic support is in the pipeline. First, the Politburo promised to speed up implementation of fiscal and monetary policies, including by: Accelerating the issuance and use of government bonds Cutting…

On Friday – as expected – the Politburo held its quarterly econ-focused meeting, laying out what economic support is in the pipeline.
First, the Politburo promised to speed up implementation of fiscal and monetary policies, including by:

Accelerating the issuance and use of government bonds
Cutting...

sources

Xinhua: 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中共中央总书记习近平主持会议

April 25, 2025

Exemptions or no exemptions?

What happened: On April 25, Caijing released an article confirming that China has quietly exempted certain US-origin chips from its proposed 125% tariff. The article was taken down shortly after publication. There has been no public, official confirmation of the exemption from the Ministry of Fina…

What happened: On April 25, Caijing released an article confirming that China has quietly exempted certain US-origin chips from its proposed 125% tariff.

The article was taken down shortly after publication.
There has been no public, official confirmation of the exemption from the Ministry of Fina...

sources

Caijing: 独家 | 部分企业称从美国进口半导体免除加征关税

April 24, 2025

iFlyTek announces reasoning model trained entirely on domestic chips

What happened: On an April 22 earnings call, Chinese smart technologies giant iFlyTek announced that its Xinghuo X1 reasoning model was trained entirely with Huawei chips produced domestically. According to CEO Liu Qingfeng: (SCMP) “At the end of last year, the efficiency of Huawei’s Ascend 910B AI…

"At the end of last year, the efficiency of Huawei’s Ascend 910B AI...

sources

SCMP: No need for Nvidia: iFlytek touts reasoning model trained entirely with Huawei’s AI chips

April 24, 2025

Meituan approved for commercial drone delivery

What happened: On April 23, delivery giant Meituan received regulatory certification to use drones for commercial low-altitude logistics. That makes Meituan the first Chinese company to receive this certification. Why it matters: Chinese regulators have been building out the framework necessary f…

What happened: On April 23, delivery giant Meituan received regulatory certification to use drones for commercial low-altitude logistics.

That makes Meituan the first Chinese company to receive this certification.

Why it matters: Chinese regulators have been building out the framework necessary f...

sources

C114: 全国首张！美团第四代无人机获低空物流全境覆盖运营合格证

April 24, 2025

Rumors swirl over China’s tariff exemption list

What happened: Online forums in China are circulating what appear to be screenshots of China’s first round of tariff exemptions from its proposed 125% tariff on US goods. Items on the rumored list include vaccines, drugs, semiconductor equipment and devices, jet engines, and other key industrial ma…

What happened: Online forums in China are circulating what appear to be screenshots of China’s first round of tariff exemptions from its proposed 125% tariff on US goods.

Items on the rumored list include vaccines, drugs, semiconductor equipment and devices, jet engines, and other key industrial ma...

April 24, 2025

NDRC releases latest Market Access Negative List

On Wednesday, the macro planner (NDRC) released an update of its Market Access Negative List (MANL). ICYDK: Unlike the foreign investment negative list, the MANL applies to both foreign and domestic businesses. Anything not on the negative list is open to investment without prior administrative app…

Anything not on the negative list is open to investment without prior administrative app...

sources

NDRC: 国家发展改革委商务部市场监管总局关于印发《市场准入负面清单（2025年版）》的通知

April 24, 2025

China reportedly preparing to lift sanctions on EU lawmakers in bid to revive investment agreement

EU-China relations are on the up and up. Beijing is reportedly preparing to lift sanctions on several Members of the European Parliament (MEPs) in a bid to revive the stalled EU-China Comprehensive Investment Agreement (CAI). ICYDK: China and the EU reached an agreement on CAI in December 2020, but …

EU-China relations are on the up and up.
Beijing is reportedly preparing to lift sanctions on several Members of the European Parliament (MEPs) in a bid to revive the stalled EU-China Comprehensive Investment Agreement (CAI).
ICYDK: China and the EU reached an agreement on CAI in December 2020, but ...

sources

FT: China to lift sanctions on MEPs in bid to revive trade deal with EU

Substack: China to lift sanctions that sunk the CAI

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