string(13) "markets-macro"

Macro

June 6, 2024

A piece of legal advice

Premier Li Qiang is pushing for more law-based governance. On Wednesday, Li chaired a State Council study session focused on “building a law-based government.” Public law expert Ma Huaide was invited to deliver a lecture. A bit about Ma: Ma is president of the China University of Political Science… Username Password Remember Me … Read More »

Premier Li Qiang is pushing for more law-based governance.
On Wednesday, Li chaired a State Council study session focused on "building a law-based government."

Public law expert Ma Huaide was invited to deliver a lecture.

A bit about Ma: Ma is president of the China University of Political Science...

sources

Gov.cn: 李强主持国务院第八次专题学习

Caixin: 百城法治政府评估：行政执法水平有待提升

June 6, 2024

China’s social credit system is getting an upgrade

The social credit system is experiencing technical difficulties. On Wednesday, the State Council released a two-year action plan to further develop China’s social credit system (SCS). Background: The SCS is a data-sharing mechanism through which government entities pool information on companies’ …

The social credit system is experiencing technical difficulties.
On Wednesday, the State Council released a two-year action plan to further develop China's social credit system (SCS).
Background: The SCS is a data-sharing mechanism through which government entities pool information on companies' ...

sources

Gov.cn: 2024—2025 年社会信用体系建设行动计划

June 6, 2024

Governments turn down venture funding spigot

Local governments are slowing down their venture investments. According to Beijing-based VC firm Zero2IPO (21st Century Biz): Local governments collectively set up 107 government guidance funds (GGFs) in 2023, down 25.2% y/y. The total fund size of those new GGFs amounted to RMB 3…

Local governments are slowing down their venture investments.
According to Beijing-based VC firm Zero2IPO (21st Century Biz):

Local governments collectively set up 107 government guidance funds (GGFs) in 2023, down 25.2% y/y.
The total fund size of those new GGFs amounted to RMB 3...

sources

21st Century Biz: 政府引导基金投资节奏趋缓创投机构遭遇“募投两难”新变局

Zero2IPO: 清科 2022 年度盘点：新设立政府引导基金 120 支，整合优化成常态

June 6, 2024

Flying car FOMO

The hype over flying cars is real. As of May 2024, 29 provinces have promised to support the so-called “low-altitude economy” in their annual work plans (Caijing). Some context: The low-altitude economy refers to commercial aviation below 3,000 meters, from drone deliveries to passenger tran…

The hype over flying cars is real.
As of May 2024, 29 provinces have promised to support the so-called "low-altitude economy" in their annual work plans (Caijing).
Some context: The low-altitude economy refers to commercial aviation below 3,000 meters, from drone deliveries to passenger tran...

sources

Caijing: 向天空要GDP，低空经济是伪概念还是真风口？| 《财经》封面

Xinhua: 新华视点｜万亿元级低空经济如何“高飞”？

June 6, 2024

Next step forward for national robocar pilot

On Tuesday, the industrial ministry (MIIT) announced the first batch of companies for the autonomous vehicle (AV) road access pilot. Announced in November, the program builds on a series of earlier local robocar testing pilots. This nationally coordinated plan will allow for qualified L3 and L4 ve…

On Tuesday, the industrial ministry (MIIT) announced the first batch of companies for the autonomous vehicle (AV) road access pilot.

Announced in November, the program builds on a series of earlier local robocar testing pilots.

This nationally coordinated plan will allow for qualified L3 and L4 ve...

sources

MIIT: 四部门有序开展智能网联汽车准入和上路通行试点

MIIT: 智能网联汽车准入和上路通行试点工作问答

Caixin: 奔驰宝马等车企获L3路测牌照冲刺准入和上路试点

Sina Finance: 自动驾驶一夜转正，车企急忙上岸

June 5, 2024

Six-dimensional chess

China is building support for a “six-point consensus” for solving the Russia-Ukraine conflict. Top diplomat Wang Yi held a joint presser with Turkish Foreign Minister Hakan Fidan on Tuesday. Wang remarked on why China is opting out of the Swiss-organized peace summit on Ukraine later this month. He…

China is building support for a "six-point consensus" for solving the Russia-Ukraine conflict.
Top diplomat Wang Yi held a joint presser with Turkish Foreign Minister Hakan Fidan on Tuesday.
Wang remarked on why China is opting out of the Swiss-organized peace summit on Ukraine later this month.

He...

sources

People's Daily: 王毅：支持“六点共识”的国家越多，实现和平的前景就越光明

Global Times: Building comprehensive, high-level China-Turkey ties in fundamental interests of both countries: Wang Yi

Reuters: Exclusive: Russia-Ukraine Black Sea shipping deal was almost reached last month, sources say

June 5, 2024

Better sustainability reports are coming

China wants to build a world-class corporate sustainability reporting system by 2030. That’s according to an explainer released by the finance ministry (MoF) along with a call for input on China’s first set of basic standards for corporate sustainability disclosures. ICYDK: Sustainability disclosure…

China wants to build a world-class corporate sustainability reporting system by 2030.
That's according to an explainer released by the finance ministry (MoF) along with a call for input on China's first set of basic standards for corporate sustainability disclosures.
ICYDK: Sustainability disclosure...

sources

MoF: 关于征求《企业可持续披露准则——基本准则（征求意见稿）》意见的函

Yicai: 第一财经研究院：不止上市公司！财政部发布的企业可持续披露准则解读 | 可持续+

June 5, 2024

Climate envoy calls on US to clean up its act

China’s climate envoy, Liu Zhenmin, wants the US to behave like a responsible major power in addressing the shared challenge of climate change. In an opinion piece in the People’s Daily published Wednesday, Liu called for the US to: “Stop adopting protectionist and unilateral measures under the gui…

China’s climate envoy, Liu Zhenmin, wants the US to behave like a responsible major power in addressing the shared challenge of climate change.
In an opinion piece in the People’s Daily published Wednesday, Liu called for the US to:

“Stop adopting protectionist and unilateral measures under the gui...

sources

People's Daily: 展现合作应对气候变化的大国担当（国际论坛）

June 5, 2024

Third Plenum to double down on state sector – and market reforms

We have more clues about the economic reforms the Party will announce at the Third Plenum in July. On Tuesday, Executive Vice Premier Ding Xuexiang delivered a report on “building a high-level socialist market economy” to the standing committee of the political advisory body (CPPCC). CPPCC’s offici…

We have more clues about the economic reforms the Party will announce at the Third Plenum in July.
On Tuesday, Executive Vice Premier Ding Xuexiang delivered a report on "building a high-level socialist market economy" to the standing committee of the political advisory body (CPPCC).

CPPCC’s offici...

sources

CPPCC: 为中国式现代化提供强大动力和制度保障 ——全国政协十四届常委会第七次会议筹备综述

CPPCC: 全国政协十四届常委会第七次会议开幕王沪宁主持丁薛祥作报告

June 5, 2024

Energy regulators loosen requirements constraining renewables growth

Beijing is removing a major policy requirement constraining renewable energy deployment. On Tuesday, the energy regulator (NEA) issued a notice to improve China’s renewable energy absorption capacity. Some context: Throughout the 2010s, northern provinces experienced rapid growth in wind and solar c…

Beijing is removing a major policy requirement constraining renewable energy deployment.
On Tuesday, the energy regulator (NEA) issued a notice to improve China’s renewable energy absorption capacity.
Some context: Throughout the 2010s, northern provinces experienced rapid growth in wind and solar c...

sources

Xinhua: 关于做好新能源消纳工作保障新能源高质量发展的通知

June 5, 2024

Beijing puts RMB 6 billion behind solid state batteries

Beijing is throwing its weight behind solid-state batteries with a new RMB 6 billion development fund. Caixin scooped the news – not yet formally announced – on Tuesday. ICYDK: Solid-state batteries enjoy quick charging rates and high energy densities – enabling greater range at the same or lower …

Beijing is throwing its weight behind solid-state batteries with a new RMB 6 billion development fund.

Caixin scooped the news – not yet formally announced – on Tuesday.

ICYDK: Solid-state batteries enjoy quick charging rates and high energy densities – enabling greater range at the same or lower ...

sources

Caixin Global: China Sets Up Fund to Spur Development of Solid-State EV Batteries, Source Says

June 5, 2024

Property market decline slows in May

The housing demand slump continued in May, albeit at a slower pace. On Friday, China Real Estate Information Corp (CRIC) published its monthly survey of home sales figures from the country’s top 100 developers. The headlines: In May, new home sales stood at RMB 332.41 billion, a 3.4% m/m increase f…

The housing demand slump continued in May, albeit at a slower pace.
On Friday, China Real Estate Information Corp (CRIC) published its monthly survey of home sales figures from the country’s top 100 developers.
The headlines:

In May, new home sales stood at RMB 332.41 billion, a 3.4% m/m increase f...

sources

CRIC: 2024年1-5月中国房地产企业销售TOP100排行榜

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