string(13) "markets-macro"

Macro

April 10, 2024

EU to investigate Chinese wind turbine suppliers

The EU is launching an anti-subsidy investigation into Chinese suppliers of wind turbines. European Commission Executive Vice President Margrethe Vestager announced the news during a lecture in the US on Tuesday. Vestager noted the investigation would focus on companies supplying new wind parks in… Username Password Remember Me Forgot Password

Vestager noted the investigation would focus on companies supplying new wind parks in...

sources

Euronews: EU to probe Chinese wind turbine subsidies

April 10, 2024

MIIT offers incentives for industrial equipment upgrades

Beijing is launching a major initiative to upgrade industrial equipment across the manufacturing sector. On Tuesday, the industrial regulator (MIIT) and six other agencies released an action plan hashing out some of the details. Some context: Industrial equipment upgrading has recently become a top …

Beijing is launching a major initiative to upgrade industrial equipment across the manufacturing sector.
On Tuesday, the industrial regulator (MIIT) and six other agencies released an action plan hashing out some of the details.
Some context: Industrial equipment upgrading has recently become a top ...

sources

MIIT: 工业和信息化部等七部门关于印发推动工业领域设备更新实施方案的通知

April 10, 2024

Making payments easier for foreign travelers

China is eager to welcome more foreign travelers. The latest: Four government agencies released a set of measures to make it easier for foreigners to make payments at major tourist venues. ICYMI, the measures follow the State Council’s March call for better payment services for foreigners and the e…

China is eager to welcome more foreign travelers.
The latest: Four government agencies released a set of measures to make it easier for foreigners to make payments at major tourist venues.

ICYMI, the measures follow the State Council’s March call for better payment services for foreigners and the e...

sources

PBoC: 中国人民银行文化和旅游部国家外汇管理局国家文物局印发《关于进一步优化重点文旅场所支付服务提升支付便利性的通知》

April 10, 2024

TSMC gets Chips Act grant

Well, that sure is a big, fat carrot. On Monday, Taiwanese semiconductor giant TSMC announced that it has reached a preliminary, non-binding funding deal with the US government under the Chips and Science Act. TSMC will get: USD 6.6 billion in grants Up to USD 5 billion in low-interest loans That…

Well, that sure is a big, fat carrot.
On Monday, Taiwanese semiconductor giant TSMC announced that it has reached a preliminary, non-binding funding deal with the US government under the Chips and Science Act. TSMC will get:

USD 6.6 billion in grants
Up to USD 5 billion in low-interest loans

That...

sources

Bloomberg: TSMC Gets $11.6 Billion in US Grants, Loans for Chip Plants

Huanqiu: 台积电将在美国兴建第三座晶圆厂，岛内专家：出乎意料

ifeng: 美国扔出116亿美元，台积电再次跪舔？2nm芯片也到美国造

April 10, 2024

US senators mull moving forward on TikTok divestment bill

It’s looking more likely that the US Senate will vote on the TikTok bill before the US presidential election in November. On Monday, Senate Minority Leader Mitch McConnell called on policymakers to take swift action to force a divestment of TikTok by Chinese parent company ByteDance, stating: “Ame…

It's looking more likely that the US Senate will vote on the TikTok bill before the US presidential election in November.
On Monday, Senate Minority Leader Mitch McConnell called on policymakers to take swift action to force a divestment of TikTok by Chinese parent company ByteDance, stating:

"Ame...

sources

Reuters: Senate Republican leader backs legislation to force Chinese divestment of TikTok

April 10, 2024

Shanghai FTZ launches data export service center

Data export pilot projects are taking off. On Sunday, Shanghai launched the Data Cross-border Service Center in the Lingang free-trade zone (FTZ). Some context: In January, Lingang issued trial regulations that facilitate experimental data export projects. Other FTZs, including in Beijing and Tianj…

Data export pilot projects are taking off.
On Sunday, Shanghai launched the Data Cross-border Service Center in the Lingang free-trade zone (FTZ).
Some context: In January, Lingang issued trial regulations that facilitate experimental data export projects.

Other FTZs, including in Beijing and Tianj...

sources

Yicai: 上海打造数据跨境流动“绿色通道”，场景化数据清单将陆续发布

Shanghai Gov: 临港新片区数据跨境服务中心启用率先探索建立合法安全便利的数据跨境流动机制在自贸区一线打造数据“绿色通道”

April 9, 2024

Pushing the economic policy apparatus to support growth

The Party’s disciplinary apparatus is focusing on the financial system. On Monday, Li Xi, head of the Party’s disciplinary watchdog (CCDI), chaired a national inspection work conference to kick off a new round of inspections. Some context: Party inspectors visit Party and state organs at least once …

The Party's disciplinary apparatus is focusing on the financial system.
On Monday, Li Xi, head of the Party’s disciplinary watchdog (CCDI), chaired a national inspection work conference to kick off a new round of inspections.
Some context: Party inspectors visit Party and state organs at least once ...

sources

Xinhua: 李希在全国巡视工作会议暨二十届中央第三轮巡视动员部署会上强调深入学习贯彻巡视工作条例以有力政治巡视保障高质量发展

Xinhua: 二十届中央第三轮巡视对象公布

April 9, 2024

New consumption boosting measures not forthcoming

Beijing isn’t in a rush to introduce new consumption-boosting measures. That’s our take from a Monday symposium between Premier Li Qiang and prominent economists and entrepreneurs. ICYDK: It’s routine for the Premier to hold a symposium ahead of the Politburo’s economy-focused April meeting to solic…

Beijing isn't in a rush to introduce new consumption-boosting measures.
That's our take from a Monday symposium between Premier Li Qiang and prominent economists and entrepreneurs.
ICYDK: It’s routine for the Premier to hold a symposium ahead of the Politburo’s economy-focused April meeting to solic...

sources

Xinhua: 李强主持召开经济形势专家和企业家座谈会

April 9, 2024

Beijing again rebuffs accusations of overcapacity following Yellen meetings

Beijing continues to dismiss Western concerns over cleantech overcapacity. On Monday, Deputy Finance Minister Liao Min held a presser to discuss the results of recent high-level meetings between US Treasury Secretary Janet Yellen and Chinese officials. ICYMI: Chinese cleantech overcapacity has becom…

Beijing continues to dismiss Western concerns over cleantech overcapacity.
On Monday, Deputy Finance Minister Liao Min held a presser to discuss the results of recent high-level meetings between US Treasury Secretary Janet Yellen and Chinese officials.
ICYMI: Chinese cleantech overcapacity has becom...

sources

Xinhua: 财政部副部长廖岷就美国财政部部长耶伦访华情况向媒体吹风并答问

April 9, 2024

PBoC relending facility to support tech companies

The central bank (PBoC) is throwing its weight behind China’s tech innovation push. On Sunday, the central bank (PBoC) said it will set up an RMB 500 billion relending facility to support small and medium-sized tech companies. How the facility works: Banks that lend to eligible companies can apply …

The central bank (PBoC) is throwing its weight behind China’s tech innovation push.
On Sunday, the central bank (PBoC) said it will set up an RMB 500 billion relending facility to support small and medium-sized tech companies.
How the facility works:

Banks that lend to eligible companies can apply ...

sources

Caixin: 央行设立5000亿元科技创新和技术改造再贷款

April 9, 2024

Trade-in fever hits the property market

Lacking fresh ideas to revive home sales, local housing officials are taking cues from the State Council’s recent trade-in push. In recent weeks, at least 11 cities have introduced old-for-new trade-in schemes for residential properties. The list includes provincial capitals like Zhengzhou, Nanjing…

Lacking fresh ideas to revive home sales, local housing officials are taking cues from the State Council’s recent trade-in push.
In recent weeks, at least 11 cities have introduced old-for-new trade-in schemes for residential properties.

The list includes provincial capitals like Zhengzhou, Nanjing...

sources

China Securities Journal: 房产“以旧换新”！这些地方已率先启动

April 9, 2024

Chinese company secures domestic approval for herbicide to be used with GM soybeans

China’s commercial roll-out of genetically modified (GM) crops will be a windfall for domestic ag companies – including those that don’t sell seeds. The latest: Glyphosate herbicide from Zhejiang Xin’an Chemical Industry Group has become the first product the ag ministry (MARA) has approved for use …

China's commercial roll-out of genetically modified (GM) crops will be a windfall for domestic ag companies – including those that don't sell seeds.
The latest: Glyphosate herbicide from Zhejiang Xin’an Chemical Industry Group has become the first product the ag ministry (MARA) has approved for use ...

sources

China Securities Journal: 新安股份：草甘膦转基因作物除草剂获登记公示

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