string(13) "markets-macro"

Macro

April 19, 2024

Welcoming foreign money

Policymakers continue to drive forward with efforts to make payments easier for foreigners. The latest: On Monday, the central bank (PBoC), commerce ministry (MofCom), and foreign exchange regulator (SAFE) issued yet another policy on improving payment convenience for foreigners – and the elderly – … Username Password Remember Me Forgot Password

Policymakers continue to drive forward with efforts to make payments easier for foreigners.
The latest: On Monday, the central bank (PBoC), commerce ministry (MofCom), and foreign exchange regulator (SAFE) issued yet another policy on improving payment convenience for foreigners – and the elderly – ...

sources

Gov.cn: 中国人民银行商务部国家外汇管理局印发《关于进一步优化商业领域支付服务提升支付便利性的通知》

April 19, 2024

The middle of a beautiful friendship

China wants to take its friendship with Indonesia to new heights. On Thursday, top diplomat Wang Yi stopped off in Indonesia, where he held talks with: Outgoing President Joko Widodo (aka Jokowi) President-Elect Prabowo Subianto Foreign Minister Retno Marsudi ICYDK: Beijing’s relationship with Jak…

China wants to take its friendship with Indonesia to new heights.
On Thursday, top diplomat Wang Yi stopped off in Indonesia, where he held talks with:

Outgoing President Joko Widodo (aka Jokowi)
President-Elect Prabowo Subianto
Foreign Minister Retno Marsudi

ICYDK: Beijing’s relationship with Jak...

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CGTN: Wang Yi: China supports Indonesia in playing major country role

Reuters: China foreign minister says Beijing and Jakarta want regional peace and stability

April 19, 2024

Biden administration considers reinstating solar import tariffs

After steel, aluminum, and shipbuilding, is Chinese solar next on the US government’s hit list? On Thursday, Reuters reported that the Biden administration is considering reversing a 2022 policy that allows tariff-free imports of bifacial solar modules – which currently cover 98% of US module import…

After steel, aluminum, and shipbuilding, is Chinese solar next on the US government’s hit list?
On Thursday, Reuters reported that the Biden administration is considering reversing a 2022 policy that allows tariff-free imports of bifacial solar modules – which currently cover 98% of US module import...

sources

Reuters: Exclusive: US plans to restore tariffs on dominant solar technology

April 19, 2024

Vice premier visits Hainan, talks seed

Beijing is focused on bolstering the domestic seed sector. Vice Premier Liu Guozhong, whose portfolio includes food security, visited Hainan province this week and toured national seed research facilities and laboratories. ICYKD: Hainan is home to the Nanfan breeding base. This nearly 18,000-hectare…

Beijing is focused on bolstering the domestic seed sector.
Vice Premier Liu Guozhong, whose portfolio includes food security, visited Hainan province this week and toured national seed research facilities and laboratories.
ICYKD: Hainan is home to the Nanfan breeding base. This nearly 18,000-hectare...

sources

People's Daily: 刘国中在海南调研时强调强化协同攻关机制加快种业科技进步

April 19, 2024

Rowing upstream

Premier Li Qiang wants exporters to move up the global value chain. On Thursday, Li spent his second day at the 135th China Import and Export Fair, where he: Visited the exhibition stands of Chinese high-tech firms Chaired a symposium with Chinese exporters Li praised the high-tech firms for havin…

Premier Li Qiang wants exporters to move up the global value chain.
On Thursday, Li spent his second day at the 135th China Import and Export Fair, where he:

Visited the exhibition stands of Chinese high-tech firms
Chaired a symposium with Chinese exporters

Li praised the high-tech firms for havin...

sources

CCTV: 视频]李强在第135届中国进出口商品交易会巡馆时强调让广交会这个“金字招牌”不断焕发新的时代风采

April 19, 2024

PBoC signals credit growth will slow

Credit growth is set to slow further. That’s what we took from comments by Zou Lan, head of the central bank’s (PBoC) monetary policy department, on Thursday. Some context: In March, total social financing (TSF) expanded only 8.7% y/y, its slowest pace since TSF was introduced as a measure of credit…

Credit growth is set to slow further.
That’s what we took from comments by Zou Lan, head of the central bank’s (PBoC) monetary policy department, on Thursday.
Some context: In March, total social financing (TSF) expanded only 8.7% y/y, its slowest pace since TSF was introduced as a measure of credit...

sources

SCIO: 国新办举行新闻发布会介绍2024年一季度金融运行和外汇收支情况图文实录

April 19, 2024

PBoC won’t cut rates to ease deflationary pressure on firms

The central bank (PBoC) sees no need to cut interest rates to relieve deflationary pressure on firms. That’s according to Zou Lan, head of the PBoC’s monetary policy department in comments made Thursday. Some context: Despite benchmark lending rates declining twice last year, persistent producer pri…

The central bank (PBoC) sees no need to cut interest rates to relieve deflationary pressure on firms.
That’s according to Zou Lan, head of the PBoC's monetary policy department in comments made Thursday.
Some context: Despite benchmark lending rates declining twice last year, persistent producer pri...

sources

SCIO: 国新办举行新闻发布会介绍2024年一季度金融运行和外汇收支情况图文实录

April 19, 2024

Trade your old homes for new ones

Officials are getting innovative in their attempts to boost housing demand. On April 16, the Zhengzhou city government announced it will acquire used properties from homeowners purchasing a new home. The offer is limited to the first 500 participants who sign up before June 30. As an added incenti…

Officials are getting innovative in their attempts to boost housing demand.
On April 16, the Zhengzhou city government announced it will acquire used properties from homeowners purchasing a new home.

The offer is limited to the first 500 participants who sign up before June 30.

As an added incenti...

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Reuters: Chinese city Zhengzhou tells state-owned company to buy second-hand homes to reduce new housing inventories

Securities Times: 限额500套！郑州二手房"以旧换新"来了！

April 19, 2024

Minsheng Trust signals worsening distress

Signs of liquidity stress are mounting in China’s trust sector. Last week, Citic Trust and Huarong International Trust dispatched their staff to help embattled trust fund Minsheng Trust manage its daily operations. This likely lays the groundwork for Citic and Huarong to bail out or take over Minsh…

Signs of liquidity stress are mounting in China’s trust sector.
Last week, Citic Trust and Huarong International Trust dispatched their staff to help embattled trust fund Minsheng Trust manage its daily operations.

This likely lays the groundwork for Citic and Huarong to bail out or take over Minsh...

sources

Minsheng Trust: 公司公告

Caixin: TroubleMinsheng Trust Calls In Rivals to Run Its Day-to-Day Business

April 19, 2024

Tech and labor agencies release new digital talents plan

We just finished reading Beijing’s new three-year plan to cultivate digital talents. The policy was jointly released on April 2 by a phalanx of regulators, including the human resource ministry (MoHRSS), the Ministry of Science and Technology (MoST), and the National Data Administration (NDA). Th…

We just finished reading Beijing's new three-year plan to cultivate digital talents.

The policy was jointly released on April 2 by a phalanx of regulators, including the human resource ministry (MoHRSS), the Ministry of Science and Technology (MoST), and the National Data Administration (NDA).

Th...

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MoHRSS: 人力资源社会保障部中共中央组织部中央网信办国家发展改革委教育部科技部工业和信息化部财政部国家数据局关于印发《加快数字人才培育支撑数字经济发展行动方案（2024-2026年）》的通知

April 19, 2024

The fast track to TikTok divestment

The TikTok divestment bill might be passed sooner than expected. On Wednesday, media reported that Speaker of the House Mike Johnson is planning on bundling a modified version of the bill into a vote on foreign aid for Taiwan, Ukraine, and Israel. The bill would then get fast-tracked to the Senate…

The TikTok divestment bill might be passed sooner than expected.
On Wednesday, media reported that Speaker of the House Mike Johnson is planning on bundling a modified version of the bill into a vote on foreign aid for Taiwan, Ukraine, and Israel.

The bill would then get fast-tracked to the Senate...

sources

WSJ: Congress Fast-Tracks TikTok Ban Legislation, Setting Up Possible Passage This Month

NYT: House Moves Toward Bundling TikTok Bill With Aid to Ukraine and Israel

April 19, 2024

Chinese embassy reportedly lobbied against TikTok divestment bill

TikTok just can’t catch a break. On Wednesday, Politico reported that Chinese embassy representatives have held at least two meetings with US congressional staffers in which they lobbied against the TikTok divestment bill. Whoops: Outraged US policymakers have since pointed to the meetings as evide…

TikTok just can't catch a break.
On Wednesday, Politico reported that Chinese embassy representatives have held at least two meetings with US congressional staffers in which they lobbied against the TikTok divestment bill.
Whoops: Outraged US policymakers have since pointed to the meetings as evide...

sources

Politico: Chinese diplomats are quietly meeting with Hill staffers about TikTok

Politico: Bipartisan ire flares after POLITICO reveals Chinese Embassy's quiet TikTok lobbying

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