string(13) "markets-macro"

Macro

May 16, 2024

Chinese, US climate envoys find hope in a hopeless place

Chinese and US climate envoys Liu Zhenmin and John Podesta held their first in-person meetings on May 8-9. The new climate envoys, both appointed in January, cohosted a meeting of the US-China Working Group on Enhancing Climate Action in the 2020s, in Washington, DC. The working group is focused on… Username Password Remember Me … Read More »

Chinese and US climate envoys Liu Zhenmin and John Podesta held their first in-person meetings on May 8-9.

The new climate envoys, both appointed in January, cohosted a meeting of the US-China Working Group on Enhancing Climate Action in the 2020s, in Washington, DC.
The working group is focused on...

sources

US Department of State: Readout on Meeting of the U.S.-China Working Group on Enhancing Climate Action in the 2020s

Chinese Embassy in the United States: 2024年5月13日外交部发言人汪文斌主持例行记者会

May 16, 2024

The big idea that took Xi seven months

We’ve got some clues about the upcoming Third Plenum’s reform agenda. On Wednesday, Qiushi – the Party’s top theoretical journal – published excerpts from Xi Jinping’s past speeches that discuss economic and social reforms. Two excerpts stood out to us. First, Xi revealed parts of his reform agenda …

We've got some clues about the upcoming Third Plenum's reform agenda.
On Wednesday, Qiushi – the Party’s top theoretical journal – published excerpts from Xi Jinping's past speeches that discuss economic and social reforms.
Two excerpts stood out to us.
First, Xi revealed parts of his reform agenda ...

sources

Qiushi: 全面深化改革开放，为中国式现代化持续注入强劲动力

May 16, 2024

May property roundup: All eyes on oversupply

To view the roundup as a pdf, click here. The rundown Despite multiple policy incentives to increase home sales, buyers remain stubbornly reluctant to return to the market. The persistent demand slump has further strained developers’ cash flows, limiting their capacity to finance new and existing …

To view the roundup as a pdf, click here.

The rundown
Despite multiple policy incentives to increase home sales, buyers remain stubbornly reluctant to return to the market.

The persistent demand slump has further strained developers’ cash flows, limiting their capacity to finance new and existing ...

May 16, 2024

State Council to step up government buying of unsold properties

Officials may soon launch an ambitious initiative to arrest the housing market slump. On Tuesday, Bloomberg reported that the State Council may help local governments to buy up millions of vacant apartments. The proposed strategy involves state banks providing loans to local state-owned enterprises…

The proposed strategy involves state banks providing loans to local state-owned enterprises...

sources

Bloomberg: China Considers Government Buying of Unsold Homes to Save Property Market

May 16, 2024

Rising cost of living

Local public utility firms are raising prices amid financing pressures. Exhibit 1: On May 2, multiple local subsidiaries of state-owned China Railway announced they were hiking the price of high-speed rail tickets (CCTV). The increases affect the heavily trafficked Hangzhou to Shanghai, Changsha, a…

Local public utility firms are raising prices amid financing pressures.
Exhibit 1: On May 2, multiple local subsidiaries of state-owned China Railway announced they were hiking the price of high-speed rail tickets (CCTV).

The increases affect the heavily trafficked Hangzhou to Shanghai, Changsha, a...

sources

CCTV: 4条高铁线票价调整依据和考量是什么？官方回应

Guangzhou Gov: 广州召开中心城区自来水价格改革听证会两套方案供听证

May 16, 2024

BYD goes to Mexico

New energy vehicle (NEV) giant BYD is preparing for a Mexico buildout – a new stage in its global expansion. On Tuesday, the company released a new hybrid pickup truck, the Shark, in the Mexican market. The same day, it confirmed plans to pick a location for its first Mexican production facility, w…

New energy vehicle (NEV) giant BYD is preparing for a Mexico buildout – a new stage in its global expansion.

On Tuesday, the company released a new hybrid pickup truck, the Shark, in the Mexican market.
The same day, it confirmed plans to pick a location for its first Mexican production facility, w...

sources

Reuters: BYD to nail down Mexico plant site by year-end, Americas head says

Reuters: China's BYD launches hybrid pickup in Mexico as US hikes EV tariffs

May 16, 2024

CSRC says reforms are all about investors

China’s securities regulator (CSRC) wants to put investors at the heart of capital market reform. In a speech on Wednesday, CSRC Chairman Wu Qing emphasized the need for greater discipline in capital markets to better serve the interests of investors: “Upholding the law and respecting rules are the…

China’s securities regulator (CSRC) wants to put investors at the heart of capital market reform.
In a speech on Wednesday, CSRC Chairman Wu Qing emphasized the need for greater discipline in capital markets to better serve the interests of investors:

“Upholding the law and respecting rules are the...

sources

CSRC: 吴清主席在2024年“5·15全国投资者保护宣传日”活动上的致辞

May 16, 2024

Nothing significant from China-US AI meeting

Mitigating AI risks is one rare patch of common interest between China and the US. On Tuesday, Chinese and US officials convened in Geneva for the inaugural session of the bilateral Intergovernmental Dialogue on Artificial Intelligence. Some context: Xi Jinping and US President Joe Biden acknowledge…

Mitigating AI risks is one rare patch of common interest between China and the US.
On Tuesday, Chinese and US officials convened in Geneva for the inaugural session of the bilateral Intergovernmental Dialogue on Artificial Intelligence.
Some context: Xi Jinping and US President Joe Biden acknowledge...

sources

Chinese Ministry of Foreign Affairs: 中美举行人工智能政府间对话首次会议

FT: US and China to hold first talks to reduce risk of AI ‘miscalculation’

May 16, 2024

US boosts tariff on China chips

The US is going to massively increase tariffs on semiconductor imports from China. On Tuesday, the US announced a series of tariff hikes on Chinese exports, from electric vehicles to medical supplies to semiconductor chips. The tariff on semiconductor imports will double from 25% to 50% by 2025. So…

The US is going to massively increase tariffs on semiconductor imports from China.
On Tuesday, the US announced a series of tariff hikes on Chinese exports, from electric vehicles to medical supplies to semiconductor chips.
The tariff on semiconductor imports will double from 25% to 50% by 2025.
So...

sources

Caixin: 美国进口中国芯片关税翻倍至50% 意在降低成熟制程芯片依赖

OEC World: Integrated Circuits in China

SIA: SIA Comments to USTR on Section 301 Tariff Exclusions

May 15, 2024

Top officials revive mechanism to supervise local governments’ administrative law enforcement

China’s leaders are beefing up a mechanism that will help improve the business environment. The general offices of the Party Central Committee and the State Council recently promulgated policy guidance on strengthening the administrative law enforcement supervision mechanism. On Tuesday, Xinhua rel…

China's leaders are beefing up a mechanism that will help improve the business environment.
The general offices of the Party Central Committee and the State Council recently promulgated policy guidance on strengthening the administrative law enforcement supervision mechanism.

On Tuesday, Xinhua rel...

sources

Gov.cn: 中共中央办公厅国务院办公厅印发《关于加强行政执法协调监督工作体系建设的意见》

May 15, 2024

Diplomats wanted: Less egghead, more hard-boiled

Outsiders are taking on senior roles in China’s foreign ministry (MoFA). The latest: On Thursday, Zhao Zhiyuan was appointed one of three assistant ministers of foreign affairs. Why that’s interesting: Zhao didn’t get his first diplomatic posting – as ambassador to Ethiopia – until 2020. Some contex…

Outsiders are taking on senior roles in China’s foreign ministry (MoFA).
The latest: On Thursday, Zhao Zhiyuan was appointed one of three assistant ministers of foreign affairs.
Why that’s interesting: Zhao didn’t get his first diplomatic posting – as ambassador to Ethiopia – until 2020.
Some contex...

sources

Xinhua: 国务院任免国家工作人员

The Paper: 中组部副部长齐玉转任外交部党委书记

May 15, 2024

Justice ministry solicits reports of unfair business policies

The Ministry of Justice (MoJ) wants companies’ help identifying problematic policies. On Saturday, the MoJ issued a public notice urging all kinds of businesses to report any laws, regulations, or policies that they believe result in unfair treatment. Submissions are open via email until September …

The Ministry of Justice (MoJ) wants companies' help identifying problematic policies.
On Saturday, the MoJ issued a public notice urging all kinds of businesses to report any laws, regulations, or policies that they believe result in unfair treatment.

Submissions are open via email until September ...

sources

NDRC: 关于开展涉及不平等对待企业法律法规政策清理工作的公告

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