string(13) "markets-macro"

Macro

May 24, 2024

Xi Jinping hears foreign business ideas on reforms

Xi Jinping want to know what business wants from the next phase of economic reform. 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. Foreign business execs had … Username Password Remember Me… Read More »

Xi Jinping want to know what business wants from the next phase of economic reform.
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.
Foreign business execs had ...

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

May 24, 2024

Draft AI security standards backtrack on foreign model restrictions

China’s attitude toward foreign foundational AI models is evolving. On Thursday, the cybersecurity technical standards body (TC260) released draft security standards for generative AI. These will help implement generative AI regs the cyberspace administration (CAC) introduced last year. Some conte…

China’s attitude toward foreign foundational AI models is evolving.
On Thursday, the cybersecurity technical standards body (TC260) released draft security standards for generative AI.

These will help implement generative AI regs the cyberspace administration (CAC) introduced last year.

Some conte...

sources

TC260: 关于国家标准《网络安全技术生成式人工智能服务安全基本要求》征求意见稿征求意见的通知

May 24, 2024

Fear not the Unreliable Entity List

Foreign businesses need not fear the Unreliable Entity List (UEL). That was the key message from Ministry of Commerce (MofCom) spokesperson He Yadong on Thursday. Some context: Earlier this week, MofCom placed three US defense contractors on the UEL for selling arms to Taiwan and called out US def…

Foreign businesses need not fear the Unreliable Entity List (UEL).
That was the key message from Ministry of Commerce (MofCom) spokesperson He Yadong on Thursday.
Some context: Earlier this week, MofCom placed three US defense contractors on the UEL for selling arms to Taiwan and called out US def...

sources

MofCom: 商务部召开例行新闻发布会（2024年5月23日）

May 24, 2024

China holds back at Seoul AI summit

I’ll come to your party – but I won’t have fun. This week, South Korea hosted the AI Seoul Summit, which was held in, erm, Seoul. Some context: The AI Seoul Summit brings together scientists and world leaders to hash out agreements on AI regulation and safety. The summit is a follow up to November’…

I’ll come to your party – but I won’t have fun.
This week, South Korea hosted the AI Seoul Summit, which was held in, erm, Seoul.
Some context: The AI Seoul Summit brings together scientists and world leaders to hash out agreements on AI regulation and safety.

The summit is a follow up to November’...

sources

Gov.uk: New commitment to deepen work on severe AI risks concludes AI Seoul Summit

Euronews: AI Seoul Summit: World leaders agree to launch network of safety institutes

May 24, 2024

Guaranteeing loans for risky startups

Chinese tech startups will have an easier time borrowing money. On Thursday, People’s Daily reported that the Ministry of Finance (MoF) will launch a loan guarantee program for tech startups via the National Financing Guarantee Fund (NFGF). Some context: The NFGF was established in 2018 to enhance…

Chinese tech startups will have an easier time borrowing money.
On Thursday, People's Daily reported that the Ministry of Finance (MoF) will launch a loan guarantee program for tech startups via the National Financing Guarantee Fund (NFGF).
Some context: The NFGF was established in 2018 to enhance...

sources

People's Daily: 今年财政部将实施科技创新专项担保计划

NFGF: 融担基金参股机构2022年度运行情况

Gov.cn: 财政部有关负责人就《国务院办公厅关于有效发挥政府性融资担保基金作用切实支持小微企业和“三农”发展的指导意见》答记者问

May 24, 2024

China’s weather bureau wants to make it rain

China wants to get more value out of its weather data. On Tuesday, the China Meteorological Administration (CMA) announced the “Meteorological Data Elements x” three-year action plan. Some context: “Data Elements x” – the National Data Administration’s (NDA) first major policy initiative – aims to e…

China wants to get more value out of its weather data.
On Tuesday, the China Meteorological Administration (CMA) announced the “Meteorological Data Elements x” three-year action plan.
Some context: “Data Elements x” – the National Data Administration’s (NDA) first major policy initiative – aims to e...

sources

China Meteorological Administration: 中国气象局印发实施方案加快推进“气象数据要素×”行动

May 23, 2024

Xi in the city of Sunshine

Xi’s dropping hints about the upcoming Third Plenum reforms. On Wednesday, Xi Jinping visited the city of Rizhao (which translates to “sunshine”), in Shandong province. Xi used the visit to emphasize the importance of: Economic opening Ecological protection and restoration of coastlines Improving t…

Xi's dropping hints about the upcoming Third Plenum reforms.
On Wednesday, Xi Jinping visited the city of Rizhao (which translates to "sunshine"), in Shandong province.
Xi used the visit to emphasize the importance of:

Economic opening
Ecological protection and restoration of coastlines
Improving t...

sources

Xinhua: 习近平在山东日照市考察调研

May 23, 2024

By your powers combined, I am Captain Janet!

The US is rallying its partners to get tough on Chinese overcapacity. On Tuesday US Treasury Secretary Janet Yellen delivered a speech at Frankfurt School of Finance and Management. Yellen was in Europe ahead of Thursday’s G7 Finance Minister’s Meeting, in Italy. Her pitch: Western allies need a c…

The US is rallying its partners to get tough on Chinese overcapacity.
On Tuesday US Treasury Secretary Janet Yellen delivered a speech at Frankfurt School of Finance and Management.

Yellen was in Europe ahead of Thursday’s G7 Finance Minister’s Meeting, in Italy.

Her pitch: Western allies need a c...

sources

SCMP: Janet Yellen says G7 to discuss Chinese overproduction that ‘significantly exceeds global demand’ at FM meeting in Italy

Reuters: G7 needs to stand united on Chinese overcapacity – France

May 23, 2024

Beijing ups pressure against Taiwan with military drills

Beijing is not happy with Taiwan’s new leader, Lai Ching-te. On Thursday, the People’s Liberation Army (PLA) Eastern Theater Command launched a massive one-day joint military drill in the waters around Taiwan – involving its army, navy, air force, and rocket forces. ICYMI: In August 2022, the PLA la…

Beijing is not happy with Taiwan’s new leader, Lai Ching-te.
On Thursday, the People’s Liberation Army (PLA) Eastern Theater Command launched a massive one-day joint military drill in the waters around Taiwan – involving its army, navy, air force, and rocket forces.
ICYMI: In August 2022, the PLA la...

sources

CCTV: 外交部：对美国12家军工企业及10名高级管理人员采取反制措施

Xinhua: PLA conducts joint military drills surrounding Taiwan Island

May 23, 2024

China preparing for wheat harvest

Over the next month, China, the world’s largest wheat grower, will harvest its winter wheat crop spanning more than 20 million hectares. The pressure is on: Last year, torrential rains drenched the wheat crop, necessitating emergency efforts to harvest and dry it to prevent massive losses. The poor…

Over the next month, China, the world’s largest wheat grower, will harvest its winter wheat crop spanning more than 20 million hectares.
The pressure is on: Last year, torrential rains drenched the wheat crop, necessitating emergency efforts to harvest and dry it to prevent massive losses.

The poor...

sources

CCTV: 小麦主产区丰收在望多措并举确保夏粮颗粒归仓

Source: 安徽省切实做好干热风等灾害天气防范应对工作 - 守好小麦丰收的最后一道防线

Economic Daily: 大面积提单产 4类重点作物多措并举齐发力

May 23, 2024

The EV tariff we’ve all been waiting for

The chances of retaliatory Chinese auto tariffs are rising as the West targets its electric vehicles (EVs). The latest: In an interview published Tuesday, Liu Bin, a leading expert at the China Automotive Technology and Research Center (CATARC), proposed instituting a 25% tariff on imported large-en…

The chances of retaliatory Chinese auto tariffs are rising as the West targets its electric vehicles (EVs).
The latest: In an interview published Tuesday, Liu Bin, a leading expert at the China Automotive Technology and Research Center (CATARC), proposed instituting a 25% tariff on imported large-en...

sources

Bloomberg: China Hints at 25% Car Tariff as Deadline for EU Probe Looms

May 23, 2024

Investors pile into Chinese special treasury bonds

Investors are going crazy for 30-year government bonds. On Friday, the finance ministry (MoF) issued RMB 40 billion worth of 30-year bonds, the first batch of RMB 1 trillion special treasury bonds (STBs) it plans to issue this year. The bonds were sold with a coupon of 2.57%, the same yield at whic…

Investors are going crazy for 30-year government bonds.
On Friday, the finance ministry (MoF) issued RMB 40 billion worth of 30-year bonds, the first batch of RMB 1 trillion special treasury bonds (STBs) it plans to issue this year.

The bonds were sold with a coupon of 2.57%, the same yield at whic...

sources

Yicai: 上市首日二度临停！警惕超长期特别国债利率风险

The Paper: 大涨后回落：首期30年期特别国债沪深交易所上市首日分别收涨1.32%、19.7%

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