string(13) "markets-macro"

Macro

May 23, 2024

Banks gear up to support property bulk-buying program

Authorities’ latest property rescue scheme is underway. On Wednesday, Bloomberg reported that multiple state lenders – including Industrial & Commercial Bank of China – have instructed local branches to start lending to state-owned enterprises (SOEs) to acquire unsold properties. ICYMI: Last Fri… Username Password Remember Me Forgot Password

Authorities’ latest property rescue scheme is underway.
On Wednesday, Bloomberg reported that multiple state lenders – including Industrial & Commercial Bank of China – have instructed local branches to start lending to state-owned enterprises (SOEs) to acquire unsold properties.
ICYMI: Last Fri...

sources

Bloomberg: China Banks Rush to Offer Loans for State Buying of Unsold Homes

May 23, 2024

Bailing out the banks: The winners and losers from Beijing’s new property support package

To view this note as a pdf, click here. On May 17, China’s central authorities rolled out a new package of measures to bolster the housing market. Authorities hope to revive demand by lowering mortgage rates and cutting minimum down payments. But the package also involves the central bank (PBoC) p…

To view this note as a pdf, click here.

On May 17, China's central authorities rolled out a new package of measures to bolster the housing market.

Authorities hope to revive demand by lowering mortgage rates and cutting minimum down payments.
But the package also involves the central bank (PBoC) p...

May 23, 2024

Chinese chipmakers chip away at foreign market share

Chinese chipmakers are working hard to replace foreign suppliers. That’s according to a Nikkei report on Tuesday. That shouldn’t surprise anyone: For years now, Chinese chipmakers have been testing and validating domestic equipment in the hope of incorporating it into chip production a…

Chinese chipmakers are working hard to replace foreign suppliers.

That's according to a Nikkei report on Tuesday.

That shouldn't surprise anyone: For years now, Chinese chipmakers have been testing and validating domestic equipment in the hope of incorporating it into chip production a...

sources

Nikkei: Top China chipmakers SMIC and CXMT push to scrap foreign inputs

ICWise: 国产半导体设备的几点蜕变

May 23, 2024

The NDA’s Digital China to-do list

New plans, mostly old goals. On Tuesday, the National Data Administration (NDA) announced it has formulated its 2024 “Digital China” task list. Some context: The “Digital China” policy concept was introduced in 2016, and coalesced into a fully-fledged central plan in February 2023. In a nutshell, t…

New plans, mostly old goals.
On Tuesday, the National Data Administration (NDA) announced it has formulated its 2024 "Digital China" task list.
Some context: The “Digital China” policy concept was introduced in 2016, and coalesced into a fully-fledged central plan in February 2023.

In a nutshell, t...

sources

Yicai: 国家数据局印发《数字中国建设2024年工作要点清单》

May 23, 2024

Nuclear researcher appointed MoST Vice Minister

The Ministry of Science and Technology (MoST) is – ahem – going nuclear. On Friday, Qiu Yong, Vice President of the China Academy of Engineering Physics (CAPE), was elevated to the position of MoST vice minister. History lesson: Founded in 1958, CAPE is a secretive state research institute specializ…

The Ministry of Science and Technology (MoST) is – ahem – going nuclear.
On Friday, Qiu Yong, Vice President of the China Academy of Engineering Physics (CAPE), was elevated to the position of MoST vice minister.
History lesson: Founded in 1958, CAPE is a secretive state research institute specializ...

sources

ST Daily: 邱勇任科学技术部副部长

The Paper: 人事时间｜这些著名科学家曾在我国唯一核武研制单位工作

May 22, 2024

Whitelist property lending reaches RMB 935 billion

Banks are speeding up credit approvals for developers under the whitelist mechanism. Xiao Yuanqi, deputy governor of the financial regulator (NFRA), shared the news at Friday’s State Council presser. Xiao disclosed that, as of May 16, commercial banks had approved RMB 935 billion in loans for whit…

Banks are speeding up credit approvals for developers under the whitelist mechanism.

Xiao Yuanqi, deputy governor of the financial regulator (NFRA), shared the news at Friday’s State Council presser.

Xiao disclosed that, as of May 16, commercial banks had approved RMB 935 billion in loans for whit...

sources

SCIO: 国新办举行国务院政策例行吹风会介绍切实做好保交房工作配套政策有关情况

May 22, 2024

High-tech export volumes surge as export value plummets

The volume of China’s “three new exports” surged in April even as their aggregate export value fell. Quick reminder: The “three new exports” refer to lithium-ion batteries, photovoltaic components, and new energy vehicles (NEVs). Officials consider the exports a major success story. The value of t…

The volume of China’s “three new exports” surged in April even as their aggregate export value fell.
Quick reminder: The “three new exports” refer to lithium-ion batteries, photovoltaic components, and new energy vehicles (NEVs).

Officials consider the exports a major success story.

The value of t...

May 22, 2024

Developers advertise illegal “zero down payments”

Property developers are turning to law-breaking promotions to help offload their excess inventories. The latest: In Huizhou city, Guangdong province, a developer offered to cover the entire down payment for homebuyers, effectively granting them a 20% purchase discount (Caixin 1). In Chongqing, mult…

Property developers are turning to law-breaking promotions to help offload their excess inventories.
The latest: In Huizhou city, Guangdong province, a developer offered to cover the entire down payment for homebuyers, effectively granting them a 20% purchase discount (Caixin 1).

In Chongqing, mult...

sources

Caixin: In Depth: Regulators Turn Blind Eye to Banned Zero Down Payment Property Deals

Caixin: 财新周刊｜警惕楼市低首付

May 22, 2024

Suzhou’s plan to peak carbon emissions

Suzhou’s plan for peaking carbon emissions holds lessons for other localities. On May 14, the Suzhou municipal government released an extensive plan to peak emissions in Suzhou Industrial Park. ICYDK: Suzhou Industrial Park is one of 35 peak-carbon pilot zones announced in December. The macro plann…

Suzhou's plan for peaking carbon emissions holds lessons for other localities.
On May 14, the Suzhou municipal government released an extensive plan to peak emissions in Suzhou Industrial Park.
ICYDK: Suzhou Industrial Park is one of 35 peak-carbon pilot zones announced in December.

The macro plann...

sources

Suzhou Gov.cn: 市政府关于印发国家碳达峰试点（苏州工业园区）实施方案的通知

Suzhou Gov.cn: 苏州工业园区公布2023年经济数据

May 22, 2024

Preparing for the next five-year plan

China’s bureaucracy is gearing up for the 15th five-year plan (FYP) from 2026-2030. Over the past few weeks, local governments have started launching research projects that will feed into the 15th FYP planning process. These efforts provide us with the first clues about what might appear in local a…

China's bureaucracy is gearing up for the 15th five-year plan (FYP) from 2026-2030.
Over the past few weeks, local governments have started launching research projects that will feed into the 15th FYP planning process.

These efforts provide us with the first clues about what might appear in local a...

sources

Shanghai Gov: 上海市“十五五”规划前期课题研究公告

Zhejiang Gov: 浙江启动“十五五”规划前期研究

May 22, 2024

Wang Yi sends condolences to Iran

Top diplomat Wang Yi wants Iran to know that, come what may, China has its back. On Tuesday, Wang made time for a heart-to-heart with Iran’s Deputy Foreign Minister Mahdi Safari on the sidelines of the Shanghai Cooperation Organization’s (SCO) foreign ministers meeting in Astana, Kazakhstan. ICYMI: …

Top diplomat Wang Yi wants Iran to know that, come what may, China has its back.
On Tuesday, Wang made time for a heart-to-heart with Iran’s Deputy Foreign Minister Mahdi Safari on the sidelines of the Shanghai Cooperation Organization’s (SCO) foreign ministers meeting in Astana, Kazakhstan.
ICYMI: ...

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Xinhua: Wang Yi meets with Iranian deputy FM Safari at SCO meeting on bilateral ties

May 22, 2024

Taking action to get more out of sci-tech IP

Having patents is good – using them is better. On May 11, the China National Intellectual Property Administration (CNIPA) published its 2024 to-do list for improving China’s IP ecosystem. It’s a long-ass list: CNIPA included over 100 distinct tasks, from revising rules, to improving litigation, to b…

Having patents is good – using them is better.
On May 11, the China National Intellectual Property Administration (CNIPA) published its 2024 to-do list for improving China's IP ecosystem.
It's a long-ass list: CNIPA included over 100 distinct tasks, from revising rules, to improving litigation, to b...

sources

Gov.cn: 国家知识产权强国建设工作部际联席会议办公室关于印发《2024年知识产权强国建设推进计划》的通知

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