string(13) "markets-macro"

Macro

May 31, 2024

A proper plan needs proper funding

A local experiment to acquire existing housing stock and turn it into affordable homes highlights the importance of state support. The Economic Observer recently interviewed staff at Zhengzhou Urban Development Group (ZUDG), a local state-owned enterprise in Zhengzhou city, Henan province, overseein… Username Password Remember Me Forgot Password

A local experiment to acquire existing housing stock and turn it into affordable homes highlights the importance of state support.
The Economic Observer recently interviewed staff at Zhengzhou Urban Development Group (ZUDG), a local state-owned enterprise in Zhengzhou city, Henan province, overseein...

sources

EEO: 郑州收储存量房这两年

May 31, 2024

PBoC’s decidedly modest RMB internationalization ambitions

RMB internationalization is still on the central bank’s (PBoC) agenda, but its ambitions are pretty modest. On Thursday, PBoC Deputy Governor Tao Ling outlined how authorities intend to promote the RMB’s international use. He said the PBoC would support greater issuance of Panda bonds by foreign cen…

RMB internationalization is still on the central bank’s (PBoC) agenda, but its ambitions are pretty modest.
On Thursday, PBoC Deputy Governor Tao Ling outlined how authorities intend to promote the RMB’s international use.
He said the PBoC would support greater issuance of Panda bonds by foreign cen...

sources

PBoC: 中国人民银行副行长陶玲接受《金融时报》《中国金融》记者采访

May 31, 2024

Quick Take: Tianjin and Shanghai FTZs data export lists take opposite paths

FTZs are taking different approaches to data export approvals. The market will decide which is the best. Let the pilots begin! This month, two free-trade zones published data export lists, taking two different approaches to regulating cross-border data transfers. On May 9, the Tianjin Free-Trade Zo…

FTZs are taking different approaches to data export approvals. The market will decide which is the best.
Let the pilots begin!
This month, two free-trade zones published data export lists, taking two different approaches to regulating cross-border data transfers.

On May 9, the Tianjin Free-Trade Zo...

sources

Gov.cn: 天津发布自贸试验区数据出境管理负面清单

Tianjin.gov: 中国（天津）自由贸易试验区数据出境管理清单（负面清单）（2024 年版）

Yicai: 全国首批场景化数据跨境清单发布，3领域这些数据可备案后出境

Lingang FTZ: 关于印发《中国（上海）自由贸易试验区临港新片区智能网联汽车领域数据跨境场景化一般数据清单（试行）》的通知

Lingang FTZ: 关于印发《中国（上海）自由贸易试验区临港新片区生物医药领域数据跨境场景化一般数据清单（试行）》的通知

Lingang FTZ: 关于印发《中国（上海）自由贸易试验区临港新片区公募基金领域数据跨境场景化一般数据清单（试行）》的通知

May 31, 2024

Raising ICT standards

Policymakers have big plans for setting standards in the tech industry. On Wednesday, the cybersecurity regulator (CAC) and two other agencies released a three-year action plan for developing IT sector standards. The plan covers almost every segment, including: Operating system software…

Policymakers have big plans for setting standards in the tech industry.
On Wednesday, the cybersecurity regulator (CAC) and two other agencies released a three-year action plan for developing IT sector standards.
The plan covers almost every segment, including:

Operating system software...

sources

CAC: 中央网信办有关负责同志就《信息化标准建设行动计划（2024—2027年）》答记者问

CAC: 信息化标准建设行动计划（2024—2027年）

May 31, 2024

The big China-US compute gap

China lags far behind the US in AI compute. At a tech forum last week, Xu Bing, cofounder of AI company SenseTime, said that: “Among the three elements of artificial intelligence – compute, data, and talent, the biggest gap between China and the US is compute.” How big? 10 times, in Xu’s opi…

China lags far behind the US in AI compute.
At a tech forum last week, Xu Bing, cofounder of AI company SenseTime, said that:

“Among the three elements of artificial intelligence – compute, data, and talent, the biggest gap between China and the US is compute.”

How big? 10 times, in Xu's opi...

sources

Caixin: 商汤徐冰：中美人工智能领域的最大差距在于算力

May 30, 2024

Better targeting for better results

On Wednesday, the State Council released sectoral emission reduction targets for high-emission industries. ICYDK: China aims to reduce energy consumption and carbon dioxide emissions per unit of GDP by 13.5% and 18%, respectively, over the 14th five-year plan period (2021-2025). The problem: Progres…

On Wednesday, the State Council released sectoral emission reduction targets for high-emission industries.
ICYDK: China aims to reduce energy consumption and carbon dioxide emissions per unit of GDP by 13.5% and 18%, respectively, over the 14th five-year plan period (2021-2025).
The problem: Progres...

sources

Gov.cn: 2024—2025年节能降碳行动方案

May 30, 2024

Putting the CPPCC into the CCCDR

Two head honchos of the Party’s top policymaking body (CCCDR) are heavily involved in discussions about the upcoming Third Plenum reform agenda. The good news: They are also top officials in the consultative body (CPPCC), meaning they regularly meet with private businesses and non-Party groups to ge…

Two head honchos of the Party's top policymaking body (CCCDR) are heavily involved in discussions about the upcoming Third Plenum reform agenda.
The good news: They are also top officials in the consultative body (CPPCC), meaning they regularly meet with private businesses and non-Party groups to ge...

sources

Gov.cn: 习近平主持召开企业和专家座谈会强调：紧扣推进中国式现代化主题进一步全面深化改革

Qiushi: 深入学习领会习近平总书记关于全面深化改革的重要论述

May 30, 2024

Talk like an Egyptian

Xi Jinping believes a friend in need is a friend indeed. On Wednesday, Xi met with Egyptian President Abdel Fattah El-Sisi, who is in Beijing for the upcoming 10th ministerial conference of the China-Arab States Cooperation Forum (CASCF). Some context: As a major player in Middle East politics, the …

Xi Jinping believes a friend in need is a friend indeed.
On Wednesday, Xi met with Egyptian President Abdel Fattah El-Sisi, who is in Beijing for the upcoming 10th ministerial conference of the China-Arab States Cooperation Forum (CASCF).
Some context: As a major player in Middle East politics, the ...

sources

MoFA: 中华人民共和国和阿拉伯埃及共和国关于深化全面战略伙伴关系的联合声明（全文）

Xinhua: Xi holds talks with Egyptian president

AP: Egypt and China deepen cooperation during el-Sissi’s visit to Beijing

May 30, 2024

China poised to open imports of Argentine corn

China and Argentina are on the verge of a huge breakthrough on corn trade. On Tuesday, the head of Argentina’s grain export industry association (CIARA-CEC) told Reuters that “all the conditions are in place” to start exporting corn to China by July. On Wednesday, Argentina’s bio-economy regulator …

China and Argentina are on the verge of a huge breakthrough on corn trade.
On Tuesday, the head of Argentina's grain export industry association (CIARA-CEC) told Reuters that "all the conditions are in place" to start exporting corn to China by July.

On Wednesday, Argentina's bio-economy regulator ...

sources

Reuters: Exclusive: Argentina on track to start corn exports to China in July - grains chamber head

Lanacion: Nuevo mercado: la Argentina podrá exportar maíz a China, un comprador cada vez más importante

May 30, 2024

BYD launches highly efficient new-generation hybrid tech

New energy vehicle (NEV) market leader BYD just dropped a bomb on the Chinese auto market. On Tuesday, BYD launched the fifth generation of its flagship DM-i hybrid technology platform (DMi-5). Some context: BYD’s plug-in hybrids – equipped with fourth-generation DM-i technology – are popular with C…

New energy vehicle (NEV) market leader BYD just dropped a bomb on the Chinese auto market.
On Tuesday, BYD launched the fifth generation of its flagship DM-i hybrid technology platform (DMi-5).
Some context: BYD’s plug-in hybrids – equipped with fourth-generation DM-i technology – are popular with C...

sources

Jiemian: 比亚迪第五代DM技术发布

May 30, 2024

First-tier cities relax mortgage rules in tandem

China’s biggest cities are loosening restrictions on homebuyers, days after the central government announced its strongest measures to date to rescue the beleaguered property market. ICYMI: Among a spate of homebuying incentives announced on May 17, officials scrapped the mortgage rate floor nationw…

China’s biggest cities are loosening restrictions on homebuyers, days after the central government announced its strongest measures to date to rescue the beleaguered property market.
ICYMI: Among a spate of homebuying incentives announced on May 17, officials scrapped the mortgage rate floor nationw...

sources

Yicai: Guangzhou, Shenzhen Follow Shanghai in Easing Home-Buying Policy

May 30, 2024

Even Xi can’t pop the cleantech bubble

Xi Jinping is trying – in vain – to mitigate cleantech overinvestment. At a meeting on May 23, Xi warned a gathering of economists and business leaders that: Overinvestment in cleantech is “counterproductive” More investment should be directed into upgrading traditional industries ICYDK: Electric …

Xi Jinping is trying – in vain – to mitigate cleantech overinvestment.
At a meeting on May 23, Xi warned a gathering of economists and business leaders that:

Overinvestment in cleantech is “counterproductive”
More investment should be directed into upgrading traditional industries

ICYDK: Electric ...

sources

SCMP: China’s Xi Jinping warns against excess energy investment, wary of overload

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