string(13) "markets-macro"

Macro

April 30, 2024

Li Qiang and Elon Musk bro down

Talk about chummy. On Monday, Hong Kong-based Phoenix News released more footage of Premier Li Qiang’s meeting with Tesla CEO Elon Musk on Sunday. Some context: The pair’s connection goes back to 2019 when Tesla invested RMB 50 billion to build its first Gigafactory outside of the US in Shanghai, wh… Username Password Remember Me… Read More »

Talk about chummy.
On Monday, Hong Kong-based Phoenix News released more footage of Premier Li Qiang’s meeting with Tesla CEO Elon Musk on Sunday.
Some context: The pair's connection goes back to 2019 when Tesla invested RMB 50 billion to build its first Gigafactory outside of the US in Shanghai, wh...

sources

ifeng: 李强：马斯克是我的老朋友

April 30, 2024

Legalizing tariffs

Starting in December, China can legally apply counter-tariffs against its trade partners. That’s because on Friday the national legislature (NPCSC) passed the Tariff Law, effective December 1. Some context: The legislature holds sole legal authority over taxation. But in practice, the State Council …

Starting in December, China can legally apply counter-tariffs against its trade partners.
That's because on Friday the national legislature (NPCSC) passed the Tariff Law, effective December 1.
Some context: The legislature holds sole legal authority over taxation. But in practice, the State Council ...

sources

NPC: 中华人民共和国关税法

NPC: 关于《中华人民共和国关税法（草案）》的说明

April 30, 2024

State Council revises SOE discipline inspection rules

Beijing is refining its regulations for state-owned enterprise (SOE) discipline inspections. At its Friday executive meeting, the State Council approved draft regulations for disciplining SOE management. The regulations will apply to everyone from accountants, procurement personnel, and mid-level m…

The regulations will apply to everyone from accountants, procurement personnel, and mid-level m...

sources

SOE news: 《国有企业管理人员处分条例》（公开征求意见稿）及其上位法

April 30, 2024

Foreign ministers from Argentina, Bolivia, Peru visit Beijing

Ay, caramba! Beijing is playing host to the foreign ministers of Argentina, Bolivia, and Peru this week. Top diplomat Wang Yi met with his Bolivian counterpart, Celinda Sosa Lunda, on Sunday, and caught up with Peru’s Javier Gonzalez-Olaechea Franco on Monday. Vice President Han Zheng caught up wi…

Ay, caramba!
Beijing is playing host to the foreign ministers of Argentina, Bolivia, and Peru this week.

Top diplomat Wang Yi met with his Bolivian counterpart, Celinda Sosa Lunda, on Sunday, and caught up with Peru's Javier Gonzalez-Olaechea Franco on Monday.
Vice President Han Zheng caught up wi...

sources

China Daily: Chinese FM holds talks with Bolivian counterpart

China Daily: China's top diplomat holds talks with Peru's foreign minister

China Daily: Chinese vice president meets Argentine foreign minister

Global Times: China to welcome FMs from Argentina, Bolivia and Peru

April 30, 2024

French Resolution

Xi Jinping’s upcoming trip to France is shaping up to be…interesting. On Saturday, top diplomat Wang Yi held a call with French Presidential Advisor Emmanuel Bonne to lay the groundwork for Xi’s trip, where European de-risking will be high on the agenda. Wang said that China and France should (MoFA)…

Xi Jinping’s upcoming trip to France is shaping up to be…interesting.
On Saturday, top diplomat Wang Yi held a call with French Presidential Advisor Emmanuel Bonne to lay the groundwork for Xi’s trip, where European de-risking will be high on the agenda.
Wang said that China and France should (MoFA)...

sources

MoFA: 王毅同法国总统外事顾问博纳通电话

Politico: Macron warns Europe ‘can die’ in alarmist speech on protectionism, geopolitical threats

Reuters: 'Europe could die': Macron urges stronger defences, economic reforms

SCMP: EU chief Ursula von der Leyen invited to Xi Jinping-Emmanuel Macron summit in Paris next week

April 30, 2024

Deep Dive | Trump, Biden, and China: What the 2024 election means for China-US relations

China’s big election is right around the corner. Otherwise known as the US Presidential election, it’s all but guaranteed to be a Trump-Biden rematch, ensuring that China will be dealing with a familiar face in the White House come next January. The obvious question: Who does Beijing prefer? The s…

China’s big election is right around the corner.

Otherwise known as the US Presidential election, it’s all but guaranteed to be a Trump-Biden rematch, ensuring that China will be dealing with a familiar face in the White House come next January.

The obvious question: Who does Beijing prefer?
The s...

April 29, 2024

Jinke enters bankruptcy reorganization proceedings

Last week, Chongqing-based Jinke Property Group said it had received court approval to start bankruptcy reorganization. This isn’t as bad as it sounds. Some context: Rather than liquidating Jinke’s assets, a bankruptcy reorganization allows the firm to continue operating while paying off its debt …

Last week, Chongqing-based Jinke Property Group said it had received court approval to start bankruptcy reorganization.

This isn’t as bad as it sounds.

Some context: Rather than liquidating Jinke’s assets, a bankruptcy reorganization allows the firm to continue operating while paying off its debt ...

sources

Caixin: “西南王”金科启动重整千亿房企如何削债

April 29, 2024

Beijing drops rules of the road for auto trade-ins

The Ministry of Commerce (MofCom) and Ministry of Finance (MoF) have finally released their highly anticipated implementation rules for auto trade-in subsidies. (and they kinda suck.) Per the implementation rules, released on Friday: The trade-in program accepts new energy vehicles (NEVs) bought …

The Ministry of Commerce (MofCom) and Ministry of Finance (MoF) have finally released their highly anticipated implementation rules for auto trade-in subsidies.

(and they kinda suck.)

Per the implementation rules, released on Friday:

The trade-in program accepts new energy vehicles (NEVs) bought ...

sources

MofCom: 商务部、财政部等7部门联合印发《汽车以旧换新补贴实施细则》

April 29, 2024

Industrial profits fall in March

Industrial profits dropped 3.5% y/y in March (NBS). This monthly print ends seven consecutive months of profit growth. The drop in industrial profits wasn’t driven by rising costs. We estimate the cost of sales fell 0.8% y/y. Instead, it was driven by falling prices, eroding profit margins. Fac…

Industrial profits dropped 3.5% y/y in March (NBS).

This monthly print ends seven consecutive months of profit growth.

The drop in industrial profits wasn’t driven by rising costs.

We estimate the cost of sales fell 0.8% y/y.

Instead, it was driven by falling prices, eroding profit margins.

Fac...

sources

Gov.cn: 2024年1—3月份全国规模以上工业企业利润增长4.3%

April 29, 2024

CATL rolls out long-range, supercharging battery

Chinese battery makers are turbocharging the electric vehicle (EV) revolution with next-generation batteries. On Thursday at the Beijing auto show, battery behemoth CATL unveiled the world’s most efficient lithium iron phosphate (LFP) battery. Some context: Despite significant cost advantages, LFP b…

Chinese battery makers are turbocharging the electric vehicle (EV) revolution with next-generation batteries.
On Thursday at the Beijing auto show, battery behemoth CATL unveiled the world's most efficient lithium iron phosphate (LFP) battery.
Some context: Despite significant cost advantages, LFP b...

sources

Jiemian: 宁德时代发布神行PLUS电池

April 29, 2024

Talking about talking about AI safety

The US and China are inching toward official discussions on AI safety. The two sides agreed to hold a bilateral AI dialogue during US Secretary of State Antony Blinken’s trip to China over the weekend. Some context: At the November APEC summit, both countries agreed to advance dialogues on AI sa…

The US and China are inching toward official discussions on AI safety.

The two sides agreed to hold a bilateral AI dialogue during US Secretary of State Antony Blinken’s trip to China over the weekend.

Some context: At the November APEC summit, both countries agreed to advance dialogues on AI sa...

sources

US Department of State: Secretary Antony J. Blinken at a Press Availability

MoFA: 中美达成五点共识

April 29, 2024

Industry gets invited to AI policymaking

Companies know what they need – and the state is ready to listen. On Friday, the China’s political consultative body (CPPCC) held a “consultation meeting” on deepening the application of AI to industry. Some context: Consultation meetings are held roughly quarterly, and led by the CPPCC Chairman, wh…

Companies know what they need – and the state is ready to listen.
On Friday, the China’s political consultative body (CPPCC) held a “consultation meeting” on deepening the application of AI to industry.
Some context: Consultation meetings are held roughly quarterly, and led by the CPPCC Chairman, wh...

sources

People.cn: 全国政协召开远程协商会

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162