string(13) "markets-macro"

Macro

April 13, 2024

Next stop for TikTok

We’ve got another tiny scrap of information on the status of the TikTok divestment bill. On Wednesday, Reuters reported that senators are considering changing the bill to extend the divestment period to one year. Some background: In mid-March, Congress voted to pass the Protecting Americans from F… Username Password Remember Me Forgot Password

We've got another tiny scrap of information on the status of the TikTok divestment bill.
On Wednesday, Reuters reported that senators are considering changing the bill to extend the divestment period to one year.
Some background: In mid-March, Congress voted to pass the Protecting Americans from F...

sources

Reuters: US Senator says TikTok divestiture deadline could be extended to one year

April 12, 2024

Affordable housing should be on everyone’s agenda

Big or small, all cities should speed up construction of affordable housing. That’s the directive from housing ministry (MoHURD) officials, speaking at a recent work conference in Hangzhou. Some context: Xi Jinping identified the expansion of low-cost, government-subsidized affordable housing as a…

Big or small, all cities should speed up construction of affordable housing.

That’s the directive from housing ministry (MoHURD) officials, speaking at a recent work conference in Hangzhou.

Some context: Xi Jinping identified the expansion of low-cost, government-subsidized affordable housing as a...

sources

Xinhua: 各地加快推进配售型保障性住房建设

Gov.cn: 中央经济工作会议举行习近平李克强作重要讲话

Caixin: 保障房政策何去何从

April 12, 2024

Empty complaints

On Wednesday, the US Commerce Department added six Chinese companies to the Entity List. The US claims the companies bought US-controlled items and supplied them to the Chinese and Russian militaries. On Thursday, Ministry of Commerce (MofCom) spokesperson He Yadong hit back: “This is a ty…

On Wednesday, the US Commerce Department added six Chinese companies to the Entity List.

The US claims the companies bought US-controlled items and supplied them to the Chinese and Russian militaries.

On Thursday, Ministry of Commerce (MofCom) spokesperson He Yadong hit back:

“This is a ty...

sources

MofCom: 商务部召开例行新闻发布会（2024年4月11日）

Caixin: 美国新列6家中国企业入实体清单涉人工智能、无人机等领域

April 12, 2024

More red to make things green

Policymakers want the financial system to channel more cash into low-carbon development. The latest: On April 10, several regulators – including the central bank (PBoC), macro planner (NDRC), and securities regulator (CSRC) – issued guidance on increasing financial support for green and low-carbon d…

Policymakers want the financial system to channel more cash into low-carbon development.
The latest: On April 10, several regulators – including the central bank (PBoC), macro planner (NDRC), and securities regulator (CSRC) – issued guidance on increasing financial support for green and low-carbon d...

sources

PBoC: 中国人民银行国家发展改革委工业和信息化部财政部生态环境部金融监管总局中国证监会关于进一步强化金融支持绿色低碳发展的指导意见

PBoC: 中国人民银行有关负责人就《关于进一步强化金融支持绿色低碳发展的指导意见》答记者问

April 12, 2024

MIIT’s new tech department

The industrial regulator (MIIT) recently established a new High Technology Department. It’s poised to play a pivotal role in the ministry. Some context: MIIT inherited the new department from the science ministry (MoST) as part of the massive government reorganization that kicked off i…

The industrial regulator (MIIT) recently established a new High Technology Department.

It’s poised to play a pivotal role in the ministry.

Some context: MIIT inherited the new department from the science ministry (MoST) as part of the massive government reorganization that kicked off i...

sources

MIIT: 高新技术司

April 12, 2024

China’s no. 3 talks up cooperation in Pyongyang

Beijing is using a significant anniversary to bolster its relationship with Pyongyang. On Thursday, Zhao Leji, chairman of the legislature (NPCSC) and China’s third-ranked official, met with his North Korean counterpart, Choe Ryong Hae, in Pyongyang. ICYDK: This year marks the 75th anniversary of …

Beijing is using a significant anniversary to bolster its relationship with Pyongyang.
On Thursday, Zhao Leji, chairman of the legislature (NPCSC) and China’s third-ranked official, met with his North Korean counterpart, Choe Ryong Hae, in Pyongyang.
ICYDK: This year marks the 75th anniversary of ...

sources

MFA: 赵乐际同朝鲜劳动党中央政治局常委、最高人民会议常任委员会委员长崔龙海会谈

FT: China asserts ‘deep friendship’ with North Korea as Russian influence grows

April 12, 2024

US-hosted trilat signals failure of China’s neighborhood diplomacy

The Western Pacific just got less pacific. On Thursday, US President Joe Biden hosted a trilateral summit with Japanese Prime Minister Kishida Fumio and Philippine President Ferdinand Marcos. China was top of the agenda. Some context: Beijing’s ties with Tokyo and Manila are tense, with territoria…

The Western Pacific just got less pacific.
On Thursday, US President Joe Biden hosted a trilateral summit with Japanese Prime Minister Kishida Fumio and Philippine President Ferdinand Marcos.

China was top of the agenda.

Some context: Beijing’s ties with Tokyo and Manila are tense, with territoria...

sources

White House: Joint Vision Statement from the Leaders of Japan, the Philippines, and the United States

MoFA: Foreign Ministry Spokesperson Mao Ning’s Regular Press Conference on April 11, 2024

Reuters: US, Japan, Philippines strike deals on defense, investment at leaders' summit

AP: Biden says US support for Philippines, Japan defense ‘ironclad’ amid growing China provocations

April 12, 2024

China’s March exports fall sharply

China’s exports dropped sharply in March, but officials won’t be panicking. Per trade data released by the customs bureau Friday: Export value in USD terms shrunk 7.5% y/y in March, compared to 7.1% y/y growth across Jan-Feb. Import value fell 1.9% y/y, down from 3.5% y/y growth in the first two m…

China’s exports dropped sharply in March, but officials won't be panicking.
Per trade data released by the customs bureau Friday:

Export value in USD terms shrunk 7.5% y/y in March, compared to 7.1% y/y growth across Jan-Feb.
Import value fell 1.9% y/y, down from 3.5% y/y growth in the first two m...

sources

Xinhua: 同比增长5%，一季度我国外贸起势良好

April 12, 2024

Live flash talk replay: Critical mineral export controls

Earlier this week, Associate Director of Energy Research Cory Combs joined Trivium Co-founder Andrew Polk for a live flash talk to discuss China’s recent critical mineral export controls. The gents get into the details of China’s long-term supply chain strategy and identify ores that offer Beijing c…

Earlier this week, Associate Director of Energy Research Cory Combs joined Trivium Co-founder Andrew Polk for a live flash talk to discuss China’s recent critical mineral export controls.
The gents get into the details of China's long-term supply chain strategy and identify ores that offer Beijing c...

April 12, 2024

Flash talk | On-the-ground China reflections, and thoughts on industrial upgrading

After two weeks in China, Trivium Co-founder Andrew Polk is back in the US. In this latest Flash Talk, Andrew shares reflections from his trip with Head of China Markets Research Dinny McMahon, covering: The state of household confidence Foreign businesses’ ongoing commitment to China The gents al…

The state of household confidence
Foreign businesses' ongoing commitment to China

The gents al...

April 12, 2024

NDRC: Don’t worry, the money’s coming

The central government is channeling fiscal support into its industrial equipment upgrading initiative – but support for consumer goods trade-ins is lacking. At a Thursday presser, the macro planner (NDRC) said the programs: “Will definitely have central government financial and fiscal support, and…

The central government is channeling fiscal support into its industrial equipment upgrading initiative – but support for consumer goods trade-ins is lacking.
At a Thursday presser, the macro planner (NDRC) said the programs:

“Will definitely have central government financial and fiscal support, and...

sources

SCIO: 国新办举行国务院政策例行吹风会介绍《推动大规模设备更新和消费品以旧换新行动方案》有关情况图文实录

April 11, 2024

We are family

A family reunion is just a matter of time. So says Xi Jinping, who met with former Taiwanese President and Chairman of the Kuomintang Party, Ma Ying-jeou, on Wednesday. Ma and Xi last met in 2015 during the former’s presidency at a historic summit in Singapore. But hopes for a renaissance in cross-…

A family reunion is just a matter of time.
So says Xi Jinping, who met with former Taiwanese President and Chairman of the Kuomintang Party, Ma Ying-jeou, on Wednesday.
Ma and Xi last met in 2015 during the former’s presidency at a historic summit in Singapore.

But hopes for a renaissance in cross-...

sources

Xinhua: Xi Focus: Xi Jinping meets Ma Ying-jeou in Beijing

AP: Chinese President Xi meets former Taiwan leader Ma Ying-jeou on pro-unification visit

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