string(13) "markets-macro"

Macro

April 26, 2024

Insuring the green transition

On Thursday, the financial regulator (NFRA) released guidelines on developing green insurance to support China’s green and low-carbon transition. This follows the guidance on increasing financial support for green and low-carbon development, including through green insurance, that several regulator… Username Password Remember Me Forgot Password

On Thursday, the financial regulator (NFRA) released guidelines on developing green insurance to support China’s green and low-carbon transition.

This follows the guidance on increasing financial support for green and low-carbon development, including through green insurance, that several regulator...

sources

NFRA: 国家金融监督管理总局关于推动绿色保险高质量发展的指导意见

April 26, 2024

Beijing wants to be world-leading tech hub

Beijing wants Zhongguancun to outcompete Silicon Valley. On Thursday, the industrial regulator (MIIT), the Ministry of Science and Technology (MoST), and the Beijing city government released a plan to make Zhongguancun a world-leading tech hub by 2035. FYI: This is a pet project of Xi Ji…

Beijing wants Zhongguancun to outcompete Silicon Valley.
On Thursday, the industrial regulator (MIIT), the Ministry of Science and Technology (MoST), and the Beijing city government released a plan to make Zhongguancun a world-leading tech hub by 2035.
FYI: This is a pet project of Xi Ji...

sources

MIIT: 工业和信息化部、科学技术部、北京市人民政府印发《中关村世界领先科技园区建设方案（2024—2027年）》

People's Daily: 一见·从这个论坛，领会总书记关于科技创新的“世界观”

April 26, 2024

Party regulators flag tighter supervision of financial sector

China’s top financial regulators want greater oversight of the financial system. On Thursday, the Central Financial Commission (CFC) and Central Financial Work Commission (CFWC) – Party organizations created last year to oversee financial policy – published a joint essay. Their message was that fin…

China’s top financial regulators want greater oversight of the financial system.
On Thursday, the Central Financial Commission (CFC) and Central Financial Work Commission (CFWC) – Party organizations created last year to oversee financial policy – published a joint essay.

Their message was that fin...

sources

People's Daily: 坚持稳中求进工作总基调——学习《习近平关于金融工作论述摘编》

April 26, 2024

It’s the population, stupid

One of China’s top economic advisors says income redistribution is needed to limit the economic fallout from population decline. In a recent op-ed, Cai Fang – a former central bank (PBoC) monetary policy committee member and a demographer (see our profile of Cai here) – warned: “The demographic tra…

One of China's top economic advisors says income redistribution is needed to limit the economic fallout from population decline.
In a recent op-ed, Cai Fang – a former central bank (PBoC) monetary policy committee member and a demographer (see our profile of Cai here) – warned:

“The demographic tra...

sources

Economists 50 Forum: 实质性缩小收入和基本公共服务差距找到改善收入分配的关键领域

April 26, 2024

Shenzhen launches housing trade-in scheme

Shenzhen is the first top-tier city to implement a housing trade-in program. Some context: Officials view home “upgrades” – i.e. moving to bigger, better apartments – as a way to bolster home sales. But supply has outpaced demand in the secondhand housing market, making it increasingly difficult f…

Shenzhen is the first top-tier city to implement a housing trade-in program.
Some context: Officials view home "upgrades" – i.e. moving to bigger, better apartments – as a way to bolster home sales.

But supply has outpaced demand in the secondhand housing market, making it increasingly difficult f...

sources

Securities Times: 一线城市首个！深圳启动商品房“以旧换新”

Zhuge Housing Data Research Center: 楼市月报（完整版）：3月楼市成交大幅反弹但热度不及去年，“以价换量”趋势加速

April 26, 2024

China reaches peak pork

China’s pork production has peaked. That’s according to the 10-year agriculture outlook report, released last weekend at an annual two-day event featuring presentations by analysts at the ag ministry (MARA) and Chinese Academy of Agriculture Sciences (CAAS). The report projects China’s pork producti…

China's pork production has peaked.
That's according to the 10-year agriculture outlook report, released last weekend at an annual two-day event featuring presentations by analysts at the ag ministry (MARA) and Chinese Academy of Agriculture Sciences (CAAS).
The report projects China's pork producti...

sources

MARA: 未来10年，我国主要农产品市场形势如何？这份展望报告收藏好→

Source: 《中国农业展望报告（2024—2033）》在京发布未来十年我国重要农产品综合生产能力将显著增强

April 26, 2024

The PBoC’s policy reorientation: Less credit and stable lending rates

To view this note as a PDF, click here. Since November, the People’s Bank of China (PBoC) has gradually changed the way it frames its approach to monetary policy. However, it hasn’t been clear how these changes would feed through into actual decision-making – until now. PBoC messaging has become a …

To view this note as a PDF, click here.
Since November, the People's Bank of China (PBoC) has gradually changed the way it frames its approach to monetary policy. However, it hasn't been clear how these changes would feed through into actual decision-making – until now.
PBoC messaging has become a ...

April 26, 2024

Flash talk | Unpacking PBoC comments on credit growth and interest rates

Late last year, China’s central bank (PBoC) made high-level changes to the way it framed monetary policy. However, it hasn’t been clear how those changes would filter through into the central bank’s policy on credit and interest rates – until now. In the last few weeks, the PBoC has become much clea…

Late last year, China's central bank (PBoC) made high-level changes to the way it framed monetary policy. However, it hasn't been clear how those changes would filter through into the central bank's policy on credit and interest rates – until now.
In the last few weeks, the PBoC has become much clea...

April 26, 2024

Premier Li Qiang pushes prosperity in Guizhou

China’s top leaders are turning their attention to boosting growth in underdeveloped regions. On Wednesday, Premier Li Qiang paid a visit to Guizhou province, visiting rural areas that were among the last nine counties to be lifted out of extreme poverty back in 2020. Li’s Guizhou itinerary was mo…

China's top leaders are turning their attention to boosting growth in underdeveloped regions.
On Wednesday, Premier Li Qiang paid a visit to Guizhou province, visiting rural areas that were among the last nine counties to be lifted out of extreme poverty back in 2020.
Li's Guizhou itinerary was mo...

sources

China Daily: 李强在贵州调研时强调毫不放松抓好各项政策举措落实扎实有效巩固拓展脱贫攻坚成果

April 25, 2024

Government sets annual carbon emissions intensity target

China aims to reduce carbon emissions intensity by 3.9% in 2024. The target, announced by the State Council on Tuesday, is the first annual goal for carbon emissions intensity made during the 14th Five-Year Plan (FYP) period (2021-2025). Some context: China aims to reduce carbon emissions intensity …

China aims to reduce carbon emissions intensity by 3.9% in 2024.
The target, announced by the State Council on Tuesday, is the first annual goal for carbon emissions intensity made during the 14th Five-Year Plan (FYP) period (2021-2025).
Some context: China aims to reduce carbon emissions intensity ...

sources

NPC: 国务院关于2023年度环境状况和环境保护目标完成情况的报告

April 25, 2024

A taste of your own medical devices

Another day, another EU probe into Chinese industry. On Wednesday, the European Commission announced an investigation into China’s public procurement process for medical devices to determine if European manufacturers are getting a fair shake. This is the first probe conducted under the auspices of …

Another day, another EU probe into Chinese industry.
On Wednesday, the European Commission announced an investigation into China’s public procurement process for medical devices to determine if European manufacturers are getting a fair shake.

This is the first probe conducted under the auspices of ...

sources

MoFA: Foreign Ministry Spokesperson Wang Wenbin’s Regular Press Conference on April 24, 2024

Reuters: EU investigates fair access to China's medical device market

April 25, 2024

Xi attends to logistical matters

Xi Jinping wants a more efficient logistics system. On Wednesday, Xi Jinping concluded his trip in Chongqing. While there, Xi repeated his usual talking points, urging officials to: Develop new quality productive forces Unify the national market Treat SOEs and private businesses equally Push forwar…

Xi Jinping wants a more efficient logistics system.
On Wednesday, Xi Jinping concluded his trip in Chongqing. While there, Xi repeated his usual talking points, urging officials to:

Develop new quality productive forces
Unify the national market
Treat SOEs and private businesses equally
Push forwar...

sources

Xinhua: 习近平在重庆考察时强调进一步全面深化改革开放不断谱写中国式现代化重庆篇章

CCTV: 物流“跑起来”！稳定因素累积货畅其流凸显中国经济蓬勃活力

STCN: 深度｜547.5亿吨U型反转货运量创新高背后的效率密码

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