string(13) "markets-macro"

Macro

May 8, 2024

Local government subsidies boost consumer goods trade-in program

The consumer goods trade-in program is soaring – but only when supported with additional subsidies. ICYMI: On Tuesday, we flagged a Workers’ Daily article that reported the State Council’s consumer trade-in program was struggling to take off in Beijing. However, Xinhua has a different take. Accordi… Username Password Remember Me Forgot Password

The consumer goods trade-in program is soaring – but only when supported with additional subsidies.
ICYMI: On Tuesday, we flagged a Workers' Daily article that reported the State Council’s consumer trade-in program was struggling to take off in Beijing.
However, Xinhua has a different take.

Accordi...

sources

Xinhua: 财经聚焦丨补贴力度大吗？消费者意愿高吗？——多地消费品以旧换新政策成效观察

Shanghai Gov: 向“绿”而行 2024上海家电以旧换新嘉年华暨促进绿色智能家电消费补贴活动盛大启动

Wuhan Gov: 2000万元补贴！新能源汽车“以旧换新”看这里

May 8, 2024

Safe AI in the City of Lights

Following Xi Jinping’s state visit to Paris on Tuesday, France and China released a joint statement on global AI governance. Some context: China’s all about collaborating on AI governance these days. In November, 28 countries (including China) signed on to the historic Bletchley Declaration. Later …

Following Xi Jinping’s state visit to Paris on Tuesday, France and China released a joint statement on global AI governance.
Some context: China's all about collaborating on AI governance these days.

In November, 28 countries (including China) signed on to the historic Bletchley Declaration.
Later ...

sources

Yicai: 中华人民共和国和法兰西共和国关于人工智能和全球治理的联合声明

Financial Times: AI start-up Mistral in talks to raise €500mn at €5bn valuation

May 8, 2024

Putting smart highways in the fast lane

The intelligent upgrading of China’s transportation networks continues. On April 29, the Ministry of Finance (MoF) and the Ministry of Transportation (MoT) issued a notice on supporting the digital upgrading of roads. Some context: High-level goals for smart highway construction were set in Septembe…

The intelligent upgrading of China’s transportation networks continues.
On April 29, the Ministry of Finance (MoF) and the Ministry of Transportation (MoT) issued a notice on supporting the digital upgrading of roads.
Some context: High-level goals for smart highway construction were set in Septembe...

sources

Gov.cn: 关于支持引导公路水路交通基础设施数字化转型升级的通知

May 8, 2024

More Huawei hate

Washington just can’t let go of letting go of Huawei. On Wednesday, Reuters reported the US Commerce Department has revoked licenses that allowed Intel and Qualcomm to sell chips to Huawei. Some context: This move follows Huawei’s launch of the MateBook X Pro laptop, which contains Intel’s la…

Washington just can’t let go of letting go of Huawei.
On Wednesday, Reuters reported the US Commerce Department has revoked licenses that allowed Intel and Qualcomm to sell chips to Huawei.
Some context: This move follows Huawei's launch of the MateBook X Pro laptop, which contains Intel’s la...

sources

Reuters: US revokes Intel, Qualcomm's export licenses to sell to China's Huawei, sources say

May 7, 2024

Household confidence stabilizes close to record lows

Consumer confidence didn’t drop further in Q1 2024 – but it remains close to record lows. That’s the main takeaway from the central bank’s (PBoC) latest household and business surveys, released on April 30. Some context: Every quarter, the PBoC surveys urban households, entrepreneurs, and bankers to…

Consumer confidence didn’t drop further in Q1 2024 – but it remains close to record lows.
That’s the main takeaway from the central bank’s (PBoC) latest household and business surveys, released on April 30.
Some context: Every quarter, the PBoC surveys urban households, entrepreneurs, and bankers to...

sources

PBoC: 2024年第一季度企业家问卷调查报告

May 7, 2024

Energy storage experiences explosive growth, but problems abound

China’s new-type energy storage (NES) capacity is growing at an astonishing rate. On April 29, the energy regulator (NEA) released Q1 national NES installation statistics, revealing that China’s NES capacity reached 35.3 GW at the end of March – tripling from 11.4 GW in March 2023. China has alread…

China's new-type energy storage (NES) capacity is growing at an astonishing rate.
On April 29, the energy regulator (NEA) released Q1 national NES installation statistics, revealing that China's NES capacity reached 35.3 GW at the end of March – tripling from 11.4 GW in March 2023.

China has alread...

sources

NEA: 国家能源局2024年二季度新闻发布会文字实录

May 7, 2024

Consumers find white goods trade-in a bad deal

The State Council’s consumer trade-in initiative – launched in March – is falling well and truly flat. That’s according to a reporter for the Workers’ Daily, who surveyed online platforms and retail stores in Beijing to assess the success of the trade-in program. The main issue is that customers a…

The State Council's consumer trade-in initiative – launched in March – is falling well and truly flat.

That’s according to a reporter for the Workers' Daily, who surveyed online platforms and retail stores in Beijing to assess the success of the trade-in program.

The main issue is that customers a...

sources

Xinhua: “一口价”“超低价”，家电回收为何难以物有所值？

May 7, 2024

Quick Take | The potential impact of China’s draft AI laws

Developing a comprehensive AI law has become a hot topic in China’s legal circles. Over the last month and a half, two groups of scholars have independently released unofficial “mock drafts” of an AI law, offering visions of the legal foundations of AI governance. On April 16, a team led by Zhou Hu…

Developing a comprehensive AI law has become a hot topic in China's legal circles.
Over the last month and a half, two groups of scholars have independently released unofficial “mock drafts” of an AI law, offering visions of the legal foundations of AI governance.

On April 16, a team led by Zhou Hu...

sources

21st Century Biz: 专访《人工智能示范法》起草组组长周辉：明晰开源激励、版权风险治理机制，更好护航人工智能安全发展

21st Century Biz: 《人工智能示范法2.0（专家建议稿）》重磅发布重视AI开源发展、构建知识产权创新规则

China Law Society: 《人工智能法（学者建议稿）》来了

May 7, 2024

EU ag products could be first casualty of trade war

The EU doesn’t want its food and agricultural sectors caught up in a trade war with China. That’s according to an FT interview with European Commissioner for Agriculture Janusz Wojciechowski published Sunday. ICYDK: The EU has launched a series of investigations into Chinese companies, industries…

The EU doesn't want its food and agricultural sectors caught up in a trade war with China.

That's according to an FT interview with European Commissioner for Agriculture Janusz Wojciechowski published Sunday.

ICYDK: The EU has launched a series of investigations into Chinese companies, industries...

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FT: EU lobbies China to keep agriculture out of trade disputes

Eurostat: Translate Extra-EU trade in agricultural goods

EEAS - EU Diplomatic Service: EU Agriculture Commissioner Janusz Wojciechowski visits China

May 7, 2024

Xi and Macron discuss global hotspots

There was more than trade on the agenda during Xi Jinping’s visit to France. On Monday, Xi and French President Emmanuel Macron discussed the parlous state of global security. First up, Ukraine: Macron reportedly pressed Xi on his ongoing support for Moscow and thanked him for allegedly agreeing to …

There was more than trade on the agenda during Xi Jinping’s visit to France.
On Monday, Xi and French President Emmanuel Macron discussed the parlous state of global security.
First up, Ukraine: Macron reportedly pressed Xi on his ongoing support for Moscow and thanked him for allegedly agreeing to ...

sources

AP: Macron puts trade and Ukraine as top priorities as China’s Xi opens European visit in France

MoFA: Remarks by H.E. Xi Jinping, President of the People’s Republic of China At the Joint Meeting with the Press with H.E. Emmanuel Macron, President of the French Republic

Xinhua: Urgent: China, France call for opening of necessary passages, border crossings for humanitarian aid in Gaza

May 7, 2024

Unstoppable force meets immovable object

Sino-European trade frictions are here to stay. On Monday, Xi Jinping held a much-anticipated trilateral with French President Emmanuel Macron and European Commission President Ursula von der Leyen (VDL) in Paris. ICYMI: Xi is hoping to smooth over trade tensions with the EU, with the bloc growing i…

Sino-European trade frictions are here to stay.
On Monday, Xi Jinping held a much-anticipated trilateral with French President Emmanuel Macron and European Commission President Ursula von der Leyen (VDL) in Paris.
ICYMI: Xi is hoping to smooth over trade tensions with the EU, with the bloc growing i...

sources

MoFA: President Xi Jinping Holds China-France-EU Trilateral Leaders’ Meeting with French President Emmanuel Macron and European Commission President Ursula von der Leyen

France 24: Macron, von der Leyen press China’s Xi on Ukraine, trade at Paris summit

AP: Macron puts trade and Ukraine as top priorities as China’s Xi opens European visit in France

May 7, 2024

Beijing dismisses overcapacity accusations yet again

In case it still isn’t clear, Beijing thinks Western accusations of Chinese overcapacity are a bunch of baloney. The latest: Minister of Commerce Wang Wentao didn’t hold back during a meeting with Germany’s top auto industry association (VDA) in Beijing on April 29 (MofCom): “The EU shouldn’t apply…

In case it still isn't clear, Beijing thinks Western accusations of Chinese overcapacity are a bunch of baloney.
The latest: Minister of Commerce Wang Wentao didn't hold back during a meeting with Germany's top auto industry association (VDA) in Beijing on April 29 (MofCom):

"The EU shouldn't apply...

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People.cn: 全球产能格局是市场竞争和国际分工的结果

MofCom: 王文涛部长会见德国汽车工业协会主席穆勒

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