string(13) "markets-macro"

Macro

June 13, 2024

New guidelines address the gap in sensitive personal info standards

On Tuesday, China’s cybersecurity standards body (TC260) issued draft “guidelines” on identifying sensitive personal information. ICYDK: “Sensitive” personal information is considered to carry greater risk of harm than other kinds of personal info, thus requiring stronger protections. Some context: … Username Password Remember Me Forgot Password

On Tuesday, China’s cybersecurity standards body (TC260) issued draft “guidelines” on identifying sensitive personal information.
ICYDK: "Sensitive" personal information is considered to carry greater risk of harm than other kinds of personal info, thus requiring stronger protections.
Some context: ...

sources

TC260: 关于对《网络安全标准实践指南—敏感个人信息识别指南（征求意见稿）》公开征求意见的通知

June 13, 2024

Beijing goes big on cross-border e-commerce

Beijing’s support for cross-border e-commerce might be a little tone deaf. On Tuesday, the Ministry of Commerce (MofCom) and eight other departments released high-level policy guidance on supporting China’s cross-border e-commerce companies (CBEC). Some context: The policy was approved in May, but …

Beijing’s support for cross-border e-commerce might be a little tone deaf.
On Tuesday, the Ministry of Commerce (MofCom) and eight other departments released high-level policy guidance on supporting China’s cross-border e-commerce companies (CBEC).
Some context: The policy was approved in May, but ...

sources

MofCom: 商务部等9部门关于拓展跨境电商出口推进海外仓建设的意见

June 12, 2024

Chinese auto makers shift from EU exports to EU production

Amid ongoing trade tensions, Chinese new energy vehicle (NEV) producers are shifting their EU market strategy from exports to local production. The latest: On Saturday, The Times reported that Chinese-owned Volvo has begun shifting production for the EU market from China to Belgium, aiming to avoid …

Amid ongoing trade tensions, Chinese new energy vehicle (NEV) producers are shifting their EU market strategy from exports to local production.
The latest: On Saturday, The Times reported that Chinese-owned Volvo has begun shifting production for the EU market from China to Belgium, aiming to avoid ...

sources

Reuters: European nations compete for Chinese EV factories, jobs even as EU weighs tariffs

The Times: Volvo to shift EV production to Europe to escape China tariffs

June 12, 2024

Governing China Inc.

The Party wants to improve China’s corporate governance system. On Tuesday, the Party’s top policymaking body (CCCDR) held its second meeting of the year, the first having taken place in February. Topping the agenda was the approval of the Opinions on Improving the Modern Enterprise System with Chi…

The Party wants to improve China's corporate governance system.
On Tuesday, the Party’s top policymaking body (CCCDR) held its second meeting of the year, the first having taken place in February.

Topping the agenda was the approval of the Opinions on Improving the Modern Enterprise System with Chi...

sources

Gov.cn: 习近平主持召开中央全面深化改革委员会第五次会议强调完善中国特色现代企业制度建设具有全球竞争力的科技创新开放环境

June 12, 2024

CCCDR pushes developed regions to fund farming

Beijing wants farmers to keep growing key grains and oilseeds, even when it’s not in their financial interest to do so. On Tuesday, the Party’s top policymaking body (CCCDR) approved high-level guidance on guaranteeing incomes for grain farmers. We knew guidance was in the policy pipeline: At Decemb…

Beijing wants farmers to keep growing key grains and oilseeds, even when it’s not in their financial interest to do so.
On Tuesday, the Party's top policymaking body (CCCDR) approved high-level guidance on guaranteeing incomes for grain farmers.
We knew guidance was in the policy pipeline: At Decemb...

sources

Gov.cn: 习近平主持召开中央全面深化改革委员会第五次会议强调完善中国特色现代企业制度建设具有全球竞争力的科技创新开放环境

June 12, 2024

Open R&D

China wants to expand R&D cooperation and global sci-tech collaboration – sort of. On Tuesday, the Party’s top policymaking body (CCCDR) approved guidelines aimed at creating a globally competitive, open environment for tech innovation. The full text isn’t out yet. According …

China wants to expand R&D cooperation and global sci-tech collaboration – sort of.
On Tuesday, the Party’s top policymaking body (CCCDR) approved guidelines aimed at creating a globally competitive, open environment for tech innovation.

The full text isn't out yet.

According ...

sources

People.cn: 习近平主持召开中央全面深化改革委员会第五次会议强调完善中国特色现代企业制度建设具有全球竞争力的科技创新开放环境

June 12, 2024

May inflation data points to ongoing demand weakness

On Wednesday, China’s stats bureau (NBS) released monthly inflation data for May: The consumer price index (CPI) grew 0.3% y/y, the same pace as last month. The producer price index (PPI) fell 1.4% y/y, a slower decline than April’s 2.5% fall. Producer prices have now fallen for 20 consecutive mon…

On Wednesday, China's stats bureau (NBS) released monthly inflation data for May:

The consumer price index (CPI) grew 0.3% y/y, the same pace as last month.
The producer price index (PPI) fell 1.4% y/y, a slower decline than April’s 2.5% fall.
Producer prices have now fallen for 20 consecutive mon...

June 12, 2024

Clear responsibilities

On Friday, the macro planner (NDRC) and four other agencies released detailed emission reduction plans for high-polluting industries, covering Iron and steel Oil refining Ammonia Cement industries Some context: In May, the State Council released high-level energy conservation and emissions reducti…

On Friday, the macro planner (NDRC) and four other agencies released detailed emission reduction plans for high-polluting industries, covering

Iron and steel
Oil refining
Ammonia
Cement industries

Some context: In May, the State Council released high-level energy conservation and emissions reducti...

sources

Gov.cn: 国家发展改革委等部门印发钢铁、炼油、合成氨、水泥4个行业节能降碳专项行动计划

Gov.cn: 国家发展改革委等部门关于印发《钢铁行业节能降碳专项行动计划》的通知

Gov.cn: 国家发展改革委等部门关于印发《炼油行业节能降碳专项行动计划》的通知

Gov.cn: 国家发展改革委等部门关于印发《合成氨行业节能降碳专项行动计划》的通知

Gov.cn: 国家发展改革委等部门关于印发《水泥行业节能降碳专项行动计划》的通知

June 12, 2024

A long-expected tariff

After months of deliberation, the EU will impose new tariffs on imports of Chinese electric vehicles (EVs). The details (European Commission): BYD vehicles will be subject to additional 17.4% tariffs. Geely vehicles will be subject to additional 20% tariffs. SAIC vehicles will be subjec…

After months of deliberation, the EU will impose new tariffs on imports of Chinese electric vehicles (EVs).
The details (European Commission):

BYD vehicles will be subject to additional 17.4% tariffs.
Geely vehicles will be subject to additional 20% tariffs.
SAIC vehicles will be subjec...

sources

European Commission: Commission investigation provisionally concludes that electric vehicle value chains in China benefit from unfair subsidies

FT: EU to impose multibillion-euro tariffs on Chinese electric cars

Politico: China takes aim at EU’s planes and farmers as trade war brews

June 12, 2024

Quick Take | China’s new emission targets are good – but not that good

On May 29, the State Council released carbon reduction targets for high-emission industries. While this is a positive step toward realizing China’s net zero goals, the emission targets aren’t ambitious enough to realize the environmental aims laid out in China’s 14th Five-Year Plan (FYP) – which are…

On May 29, the State Council released carbon reduction targets for high-emission industries.
While this is a positive step toward realizing China’s net zero goals, the emission targets aren’t ambitious enough to realize the environmental aims laid out in China’s 14th Five-Year Plan (FYP) – which are...

June 12, 2024

Unexpected changes at Chinese Academy of Sciences

Changes are quietly underway at the country’s leading natural sciences institute. At the end of May, the Chinese Academy of Sciences (CAS) released a seemingly unremarkable personnel announcement that actually disclosed major changes to its organizational structure. It took the media more than a we…

Changes are quietly underway at the country’s leading natural sciences institute.
At the end of May, the Chinese Academy of Sciences (CAS) released a seemingly unremarkable personnel announcement that actually disclosed major changes to its organizational structure.

It took the media more than a we...

sources

The Paper: 中国科学院内设机构调整：新设前沿科学与基础研究局等

CAS: 中国科学院简介

June 12, 2024

Saudi joins mBridge

China is a tiny step closer to providing an alternative to the Western-led international settlement system. Last week, Saudi Arabia joined the central bank digital currency (CBDC) clearing platform mBridge. Some context: Led by China, mBridge allows member states to settle foreign exchange in CBDCs …

China is a tiny step closer to providing an alternative to the Western-led international settlement system.
Last week, Saudi Arabia joined the central bank digital currency (CBDC) clearing platform mBridge.
Some context: Led by China, mBridge allows member states to settle foreign exchange in CBDCs ...

sources

Caixin: 多边央行货币桥项目进入最小可行化产品阶段将开展真实交易

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