string(13) "markets-macro"

Macro

May 27, 2024

Li Qiang’s pitch to Samsung

On Sunday, Premier Li Qiang met with Samsung Chairman Lee Jae-yong on the sidelines of the Ninth China-Japan-South Korea Trilateral Summit in Seoul, South Korea. Li’s message to Lee was clear: Increase your investment in China. “We welcome Samsung and other South Korean enterprises to continu… Username Password Remember Me Forgot Password

“We welcome Samsung and other South Korean enterprises to continu...

sources

Gov.cn: 李强会见韩国三星集团会长李在镕

May 27, 2024

A microchip on his shoulder

Premier Li Qiang is in Seoul to talk up regional free trade. On Sunday, Li held separate talks with Japanese Prime Minister Kishida Fumio and South Korean President Yoon Suk-yeol ahead of the Ninth China-Japan-South Korea Trilateral Summit. No surprise here: Li’s bilat with Kishida focused on China’…

Premier Li Qiang is in Seoul to talk up regional free trade.
On Sunday, Li held separate talks with Japanese Prime Minister Kishida Fumio and South Korean President Yoon Suk-yeol ahead of the Ninth China-Japan-South Korea Trilateral Summit.
No surprise here: Li’s bilat with Kishida focused on China’...

sources

Reuters: China talks security, business with U.S.-allied South Korea, Japan

SCIO: Chinese premier urges Japan to work with China in the same direction

Xinhua: Chinese premier urges China, S. Korea to jointly seize more development opportunities

May 27, 2024

Beijing vows more support for cross-border e-commerce

The export of inexpensive Chinese consumer products – from platforms like Amazon, SHEIN, Temu, and AliExpress – is about to get even more state support. Friday’s State Council executive meeting approved a new policy promoting the development of cross-border e-commerce (CBEC) exports and overseas war…

The export of inexpensive Chinese consumer products – from platforms like Amazon, SHEIN, Temu, and AliExpress – is about to get even more state support.
Friday's State Council executive meeting approved a new policy promoting the development of cross-border e-commerce (CBEC) exports and overseas war...

sources

People.cn: 李强主持召开国务院常务会议听取关于行政复议工作情况的汇报审议通过《关于拓展跨境电商出口推进海外仓建设的意见》

May 27, 2024

National Data Administration announces establishment of seven data annotation bases

On Friday, the seventh annual Digital China Summit opened in Fuzhou. Some context: The summit brings together top officials and industry to discuss the development of China’s digital economy. This year’s summit was interesting for several reasons, but this jumped out to us: At the event, Liu Liehon…

On Friday, the seventh annual Digital China Summit opened in Fuzhou.
Some context: The summit brings together top officials and industry to discuss the development of China's digital economy.
This year's summit was interesting for several reasons, but this jumped out to us: At the event, Liu Liehon...

sources

Yicai: 国家数据局发布承担数据标注基地建设任务的城市名单

People.cn: 丁薛祥出席第七届数字中国建设峰会开幕式并在福建调研时强调以科技创新引领数字经济高质量发展

May 27, 2024

Ready, set, assess your data security

On Thursday, the industrial ministry (MIIT) issued finalized trial rules for companies in the industrial and ICT sectors to conduct data security risk assessments. The rules only apply to organizations that process Important Data and Core Data – two legally protected categories of data. They come i…

On Thursday, the industrial ministry (MIIT) issued finalized trial rules for companies in the industrial and ICT sectors to conduct data security risk assessments.

The rules only apply to organizations that process Important Data and Core Data – two legally protected categories of data.
They come i...

sources

Gov.cn: 工业和信息化部关于印发《工业和信息化领域数据安全风险评估实施细则（试行）》的通知

May 24, 2024

Fiscal slump continues

China’s fiscal revenue isn’t looking too good. According to finance ministry (MoF) data: In April, general fiscal revenue fell 3.7 % y/y, widening from a 2.4% decline in March. Revenue from value-added tax (VAT) and individual income tax (IIT) registered the largest falls, down 9.6% and 18.8% y/y, …

China’s fiscal revenue isn’t looking too good.
According to finance ministry (MoF) data:

In April, general fiscal revenue fell 3.7 % y/y, widening from a 2.4% decline in March.
Revenue from value-added tax (VAT) and individual income tax (IIT) registered the largest falls, down 9.6% and 18.8% y/y, ...

sources

MoF: 2024年4月财政收支情况

Caixin: 4月财政收入同比下降3.7% 土地出让收入降幅扩大

Bloomberg: China Land Sales Hit Eight-Year Low as Housing Slump Worsens

Sina Finance: 4月财政支出保持较强力度，“卖地收入”跌幅有所扩大4月财政支出保持较强力度，“卖地收入”跌幅有所扩大

May 24, 2024

Vanke receives RMB 20 billion syndicated loan

State-backed developer Vanke just got some serious love. On Thursday, Vanke confirmed it had received an RMB 20 billion loan from a syndicate of state lenders led by China Merchants Bank (Reuters). The loan was secured by shares in VX Logistics, a Vanke subsidiary. This marks the largest single loa…

State-backed developer Vanke just got some serious love.
On Thursday, Vanke confirmed it had received an RMB 20 billion loan from a syndicate of state lenders led by China Merchants Bank (Reuters).

The loan was secured by shares in VX Logistics, a Vanke subsidiary.
This marks the largest single loa...

sources

Reuters: China Vanke granted $2.8 bln onshore syndicated loan facility

May 24, 2024

Localities ramp up spending of 1 trillion treasury bond funds

Construction has begun on over 70% of projects funded by the central government treasury bonds issued late last year. The macro planner (NDRC) announced the news on Tuesday. ICYDK: In Q4, the finance ministry (MoF) issued RMB 1 trillion in sovereign bonds to fund local government investment projec…

Construction has begun on over 70% of projects funded by the central government treasury bonds issued late last year.

The macro planner (NDRC) announced the news on Tuesday.

ICYDK: In Q4, the finance ministry (MoF) issued RMB 1 trillion in sovereign bonds to fund local government investment projec...

sources

The Paper: 国家发改委：去年增发1万亿元国债项目开工率超70%

May 24, 2024

Wang talks up cooperation with Brazil

Top diplomat Wang Yi wants to keep Sino-Brazilian ties on track. On Thursday, Wang met with Brazilian presidential advisor Celso Amorim in Beijing. Some context: China-Brazil ties have been on the upswing since the inauguration of President Luiz Inácio Lula da Silva in 2023, who sees eye-to-eye with…

Top diplomat Wang Yi wants to keep Sino-Brazilian ties on track.
On Thursday, Wang met with Brazilian presidential advisor Celso Amorim in Beijing.
Some context: China-Brazil ties have been on the upswing since the inauguration of President Luiz Inácio Lula da Silva in 2023, who sees eye-to-eye with...

sources

Xinhua: Top Chinese diplomat meets special advisor to Brazilian president

Reuters: Brazil, China call for Russia-Ukraine peace talks with both countries

May 24, 2024

Li Qiang focuses on ag upgrading during Henan trip

Premier Li Qiang doesn’t want anything to get in the way of a bumper winter wheat harvest this year. On Thursday, Li concluded a two-day tour of Henan province, which accounts for nearly a quarter of China’s wheat. Li’s itinerary included: Wheat fields in Xinxiang The National Innovation Center for…

Premier Li Qiang doesn't want anything to get in the way of a bumper winter wheat harvest this year.
On Thursday, Li concluded a two-day tour of Henan province, which accounts for nearly a quarter of China’s wheat.
Li's itinerary included:

Wheat fields in Xinxiang
The National Innovation Center for...

sources

CCTV: [视频]李强在河南调研

May 24, 2024

Solar installation growth slows for second consecutive month

China’s solar installation growth has hit a ceiling. On Thursday, the energy regulator (NEA) published national energy installation statistics covering January to April. The data shows China installed 60.1 GW of solar capacity during that period, up 25% y/y. ICYMI: 2023 was an unprecedented year f…

China’s solar installation growth has hit a ceiling.
On Thursday, the energy regulator (NEA) published national energy installation statistics covering January to April.

The data shows China installed 60.1 GW of solar capacity during that period, up 25% y/y.

ICYMI: 2023 was an unprecedented year f...

sources

NEA: 国家能源局发布1-4月份全国电力工业统计数据

TrendForce: 4月份光伏产品海关出口数据出炉

May 24, 2024

Xi Jinping releases Third Plenum spoiler

Xi Jinping has dropped more clues about the upcoming Third Plenum reforms. ICYMI: On Thursday, Xi chaired an unprecedented symposium with business reps and academics in Jinan, Shandong to get their input into the Third Plenum reform plan, which will be unveiled in July. Besides suggestions on improv…

Xi Jinping has dropped more clues about the upcoming Third Plenum reforms.
ICYMI: On Thursday, Xi chaired an unprecedented symposium with business reps and academics in Jinan, Shandong to get their input into the Third Plenum reform plan, which will be unveiled in July.
Besides suggestions on improv...

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

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