string(13) "markets-macro"

Macro

April 18, 2024

US and Chinese defense chiefs talk

The Chinese and US militaries have agreed to continue disagreeing. On Tuesday, Defense Minister Dong Jun held a video call with US Defense Secretary Lloyd Austin. Why it matters: This is the first direct contact between the defense honchos since Beijing suspended military dialogue after then-Speaker… Username Password Remember Me Forgot Password

The Chinese and US militaries have agreed to continue disagreeing.
On Tuesday, Defense Minister Dong Jun held a video call with US Defense Secretary Lloyd Austin.
Why it matters: This is the first direct contact between the defense honchos since Beijing suspended military dialogue after then-Speaker...

sources

Xinhua: Chinese defense minister holds video call with U.S. counterpart

US Department of Defense: Readout of Secretary of Defense Lloyd J. Austin III's Call With People's Republic of China (PRC) Minister of National Defense Admiral Dong Jun

Reuters: US defense chief speaks with Chinese counterpart, Pentagon says

April 18, 2024

Protecting private businesses in theory

Retired officials are calling for the Party to radically rethink its approach to the private sector. On Saturday, a group of former and sitting officials and private businesspeople held a symposium in Beijing to discuss innovating Party theory regarding private businesses. Hu Deping, a former senio…

Retired officials are calling for the Party to radically rethink its approach to the private sector.
On Saturday, a group of former and sitting officials and private businesspeople held a symposium in Beijing to discuss innovating Party theory regarding private businesses.
Hu Deping, a former senio...

sources

Sina: 以理论创新推动民营经济发展壮大：民营经济理论创新研讨会在京举行，胡德平、彭森、刘世锦等参会

April 18, 2024

Premier Li is beating the drum for exports

Premier Li Qiang is throwing his support behind Chinese exporters. On Wednesday, Li sat down with participants at the 135th China Import and Export Fair (known as the Canton Fair). ICDYK: Held twice a year in Guangdong, the Canton Fair is China’s biggest trade fair. Why Li’s attendance is important:…

Premier Li Qiang is throwing his support behind Chinese exporters.
On Wednesday, Li sat down with participants at the 135th China Import and Export Fair (known as the Canton Fair).
ICDYK: Held twice a year in Guangdong, the Canton Fair is China's biggest trade fair.
Why Li's attendance is important:...

sources

Gov.cn: 李强同第135届广交会境外采购商代表座谈

Caixin: 广交会吸引19.8万名境外采购商现场出口成交额达223亿美元

April 18, 2024

MofCom fires back at USTR investigation

Beijing is fuming about the US’s investigation into China’s alleged unfair trade practices in the shipbuilding, maritime, and logistics sectors – which officially kicked off on Wednesday. On the same day, the Ministry of Commerce (MofCom) criticized the move: “[The investigation] contradicts econom…

Beijing is fuming about the US's investigation into China's alleged unfair trade practices in the shipbuilding, maritime, and logistics sectors – which officially kicked off on Wednesday.
On the same day, the Ministry of Commerce (MofCom) criticized the move:

“[The investigation] contradicts econom...

sources

MofCom: 商务部新闻发言人就美对华发起301调查发表谈话

April 18, 2024

US targets Chinese steel with new tariff push

The Biden Administration is pursuing 25% tariffs on Chinese steel, up from the 7.5% imposed under Donald Trump. At a campaign event in Pennsylvania on Wednesday, US President Joe Biden urged US Trade Representative Katherine Tai to consider the hike through a Section 301 review. The administration…

The Biden Administration is pursuing 25% tariffs on Chinese steel, up from the 7.5% imposed under Donald Trump.

At a campaign event in Pennsylvania on Wednesday, US President Joe Biden urged US Trade Representative Katherine Tai to consider the hike through a Section 301 review.

The administration...

sources

White House: FACT SHEET: Biden-⁠Harris Administration Announces New Actions to Protect U.S. Steel and Shipbuilding Industry from China’s Unfair Practices

Reuters: Biden calls for higher tariffs on Chinese steel

AP: Biden vows to shield US steel industry by blocking Japanese merger and seeking new Chinese tariffs

April 18, 2024

Live pig prices show signs of recovery

China’s pig farming sector is finally showing signs of recovery. Data released in recent days reflect a slow but steady increase in live pig prices: Some of China’s largest pig farming companies have reported that their sales prices for live pigs crept up from around RMB 13.5/kg in January to nearl…

China's pig farming sector is finally showing signs of recovery.
Data released in recent days reflect a slow but steady increase in live pig prices:

Some of China's largest pig farming companies have reported that their sales prices for live pigs crept up from around RMB 13.5/kg in January to nearl...

sources

Securities Daily: 多家上市公司生猪销售均价连涨3个月

Securities Daily: 3月份商品猪销售均价环比上涨生猪养殖上市公司围绕成本展开博弈

April 18, 2024

State Council issues blueprint for building trust in capital markets

China’s capital markets are entering an era of stricter discipline. On Friday, the State Council outlined plans to strengthen supervision, prevent risks, and support the development of China’s capital markets. Some context: The document – a combination of specific measures and overarching goals – is…

China’s capital markets are entering an era of stricter discipline.
On Friday, the State Council outlined plans to strengthen supervision, prevent risks, and support the development of China’s capital markets.
Some context: The document – a combination of specific measures and overarching goals – is...

sources

State Council: 国务院关于加强监管防范风险推动资本市场高质量发展的若干意见

April 18, 2024

Whitelist-induced property lending on the rise

Financing support for the property sector is increasing by the day. On Tuesday, the financial regulator (NFRA) disclosed that, as of end-March, commercial banks had approved loans exceeding RMB 520 billion for whitelisted property projects (The Paper). That amount surpasses earlier figures from the…

Financing support for the property sector is increasing by the day.
On Tuesday, the financial regulator (NFRA) disclosed that, as of end-March, commercial banks had approved loans exceeding RMB 520 billion for whitelisted property projects (The Paper).

That amount surpasses earlier figures from the...

sources

The Paper: 支持保交楼！商业银行已完成第一批“白名单”项目审查，审批同意金额超5200亿

April 18, 2024

Digital Silk Road Development Forum opens in Xi’an

On Tuesday, representatives from 50 countries attended the Digital Silk Road Development Forum in Xi’an. The forum is organized by the World Internet Conference, a body created to promote Chinese internet governance ideals. Some background: The Digital Silk Road is a term that refers to digital i…

On Tuesday, representatives from 50 countries attended the Digital Silk Road Development Forum in Xi'an.

The forum is organized by the World Internet Conference, a body created to promote Chinese internet governance ideals.

Some background: The Digital Silk Road is a term that refers to digital i...

sources

CAC: @所有人，世界互联网大会数字丝路发展论坛日程来了！

SCMP: Officials promote China-led cyber governance to Belt and Road members during the Digital Silk Road forum in Xian

April 18, 2024

Chinese diplomats meet with US ambassador

On Tuesday, Vice Minister of Foreign Affairs Ma Zhaoxu met with US Ambassador to China Nicholas Burns to talk about US-China cooperation. According to the MoFA readout: “Both sides engaged in frank, in-depth, and constructive communication on advancing dialogue and cooperation in various fields, a…

On Tuesday, Vice Minister of Foreign Affairs Ma Zhaoxu met with US Ambassador to China Nicholas Burns to talk about US-China cooperation.
According to the MoFA readout:

“Both sides engaged in frank, in-depth, and constructive communication on advancing dialogue and cooperation in various fields, a...

sources

MoFA: 外交部副部长马朝旭会见美国外交官员

April 17, 2024

Li downplays German overcapacity concerns

Following his Tuesday meeting with Xi Jinping, German Chancellor Olaf Scholz spent some quality time with Premier Li Qiang. Li repeated many of Xi’s talking points on overcapacity (Gov.cn): “Having production moderately greater than demand is conducive to full market competition.” “China’s new-ener…

Following his Tuesday meeting with Xi Jinping, German Chancellor Olaf Scholz spent some quality time with Premier Li Qiang.
Li repeated many of Xi’s talking points on overcapacity (Gov.cn):

“Having production moderately greater than demand is conducive to full market competition.”
“China's new-ener...

sources

Gov.cn: Chinese premier holds talks with German chancellor, calling for new level of bilateral relations

SCMP: Visit to China by German Chancellor Scholz shows divisions in EU over how to engage with Beijing on trade and Russia

April 17, 2024

NPC kicks off inspection of Agriculture Law

China’s legislature (NPCSC) is preparing to revise a law that underpins the country’s agricultural economy. On Monday, the NPCSC kicked off a nationwide inspection of the implementation of the Agriculture Law – a law that defines and governs the entities that operate in China’s farming, forestry, an…

China's legislature (NPCSC) is preparing to revise a law that underpins the country's agricultural economy.
On Monday, the NPCSC kicked off a nationwide inspection of the implementation of the Agriculture Law – a law that defines and governs the entities that operate in China's farming, forestry, an...

sources

Xinhua: 全国人大常委会启动农业法执法检查

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