string(13) "markets-macro"

Macro

April 9, 2024

Xi meets Vietnam’s top legislator

China wants to brush territorial disputes with Vietnam under the carpet. On Monday, Xi Jinping met with the chairman of Vietnam’s National Assembly, Vuong Dinh Hue, in Beijing. Some context: Despite the two countries sharing similar governance systems and robust trade links, historical mistrust and … Username Password Remember Me Forgot Password

China wants to brush territorial disputes with Vietnam under the carpet.
On Monday, Xi Jinping met with the chairman of Vietnam’s National Assembly, Vuong Dinh Hue, in Beijing.
Some context: Despite the two countries sharing similar governance systems and robust trade links, historical mistrust and ...

sources

Xinhua: Xi meets National Assembly of Vietnam chairman, urges strong sense of community with shared future

Reuters: Vietnam urges respect of international law as China draws Gulf of Tonkin baseline

April 9, 2024

Wang Shouwen and Marisa Lago meet face-to-face

On Thursday, Vice Minister of Commerce Wang Shouwen met with US Under Secretary of Commerce for International Trade Marisa Lago. Some context: The meeting occurred during Wang’s three-day diplomatic trip to the US for the first meeting of the new US-China Commercial Issues Working Group. More conte…

On Thursday, Vice Minister of Commerce Wang Shouwen met with US Under Secretary of Commerce for International Trade Marisa Lago.
Some context: The meeting occurred during Wang's three-day diplomatic trip to the US for the first meeting of the new US-China Commercial Issues Working Group.
More conte...

sources

MofCom: 中美商贸工作组举行第一次副部长级会议

International Trade Administration: READOUT OF INAUGURAL MEETING OF THE U.S.-CHINA COMMERCIAL ISSUES WORKING GROUP

April 9, 2024

TTC council talks legacy chips

First they came for the advanced chips, and then… On Friday, top US and EU trade officials gave a joint press conference to discuss the outcomes of the Trade and Technology Council (USEUTTC) ministerial meeting, held April 4-6 in Brussels. The group included: US Secretary of State Anthony Blinken…

First they came for the advanced chips, and then...
On Friday, top US and EU trade officials gave a joint press conference to discuss the outcomes of the Trade and Technology Council (USEUTTC) ministerial meeting, held April 4-6 in Brussels. The group included:

US Secretary of State Anthony Blinken...

sources

US Department of State: Secretary Antony J. Blinken And U.S-EU Trade and Technology Council Ministerial Co-Chairs At Sixth U.S.-EU Trade and Technology Council Joint Press Availability

April 8, 2024

Whitelisted property projects receive more support

Whitelisted housing projects are getting some serious love from banks. ICYMI: In mid-January, the central government instructed local officials to develop whitelists of unfinished projects for which banks should expedite credit approvals. The goal is to increase cash flow for projects facing tempor…

Whitelisted housing projects are getting some serious love from banks.
ICYMI: In mid-January, the central government instructed local officials to develop whitelists of unfinished projects for which banks should expedite credit approvals.

The goal is to increase cash flow for projects facing tempor...

sources

People's Daily: 我国地级及以上城市（不含直辖市）已建立城市房地产融资协调机制

April 8, 2024

Confidence remains at rock bottom

In late March, the central bank (PBoC) released results from its confidence surveys for Q3 and Q4 2023, almost six and three months late, respectively. Some context: Every quarter, the PBoC surveys urban households, entrepreneurs, and bankers to gauge sentiment on current and future economic conditi…

In late March, the central bank (PBoC) released results from its confidence surveys for Q3 and Q4 2023, almost six and three months late, respectively.
Some context: Every quarter, the PBoC surveys urban households, entrepreneurs, and bankers to gauge sentiment on current and future economic conditi...

sources

PBoC: 2023 年第四季度城镇储户问卷调查报告

PBoC: 2023 年第四季度企业家问卷调查报告

PBoC: 2023 年第四季度银行家问卷调查报告

April 8, 2024

Beijing to tamp down on steel overproduction

Beijing is promising stronger steel production curbs amid overcapacity and slow demand. On April 3, the macro planner (NDRC) announced plans to “control” steel production, giving the market hope for less inventory pressure and a price recovery. The official reason is to pursue energy conservation a…

Beijing is promising stronger steel production curbs amid overcapacity and slow demand.
On April 3, the macro planner (NDRC) announced plans to "control" steel production, giving the market hope for less inventory pressure and a price recovery.

The official reason is to pursue energy conservation a...

sources

Caixin Global: China to Limit Steel Output as Prices Slide and Demand Falls

April 8, 2024

Officials to study the new Party disciplinary rules

On Wednesday, Cai Qi, the Party’s fifth-ranked official and head of the Party-Building Leading Small Group, kicked off a new education campaign that will end in July. The topic for study: The Party’s disciplinary regulations. ICYDK: The regulations – revised by the Central Committee in December – la…

On Wednesday, Cai Qi, the Party's fifth-ranked official and head of the Party-Building Leading Small Group, kicked off a new education campaign that will end in July.
The topic for study: The Party’s disciplinary regulations.
ICYDK: The regulations – revised by the Central Committee in December – la...

sources

Xinhua: 中央党的建设工作领导小组召开会议研究部署党纪学习教育工作蔡奇主持并讲话李希出席并讲话

April 8, 2024

China-EU spat over EVs here to stay

China isn’t backing down when it comes to electric vehicles (EVs). Commerce Minister Wang Wentao delivered the message to the EU at a Sunday meeting in Paris with the bloc’s officials and Chinese EV companies. The meeting was to discuss Chinese EV investments in the EU. Some context: Chinese…

China isn't backing down when it comes to electric vehicles (EVs).
Commerce Minister Wang Wentao delivered the message to the EU at a Sunday meeting in Paris with the bloc's officials and Chinese EV companies.

The meeting was to discuss Chinese EV investments in the EU.

Some context: Chinese...

sources

CE.cn: 商务部部长王文涛主持召开在欧中资电动汽车企业圆桌会

FT: Chinese-made EVs set to take 25% of European market this year

Bloomberg: EU Moves Toward Hitting China With Tariffs on Electric Vehicles

April 8, 2024

Market regulator pushing fairer competition

Beijing wants to stop local protectionism at its source: The hearts and minds of local officials. On March 28, the market regulator (SAMR) held a presser to report on the outcomes of last year’s national crackdown on local protectionist policies. Since June, SAMR has reviewed nearly 700,000 local r…

Beijing wants to stop local protectionism at its source: The hearts and minds of local officials.
On March 28, the market regulator (SAMR) held a presser to report on the outcomes of last year's national crackdown on local protectionist policies.

Since June, SAMR has reviewed nearly 700,000 local r...

sources

People's Daily: 市场监管总局：清理妨碍统一大市场和公平竞争问题的政策措施4218件

CCTV: 国家市场监管总局将部署开展维护公平竞争市场秩序专项行动

April 8, 2024

Qingming spending numbers are a mixed bag

Per capita spending over the Qingming festival holiday (April 4-6) is less than meets the eye. According to the Ministry of Culture and Tourism (MCT), during the three-day break: 119 million people traveled domestically, up 11.5% from 2019 levels Total spending hit RMB 54.0 billion, up 12.7% compar…

Per capita spending over the Qingming festival holiday (April 4-6) is less than meets the eye.
According to the Ministry of Culture and Tourism (MCT), during the three-day break:

119 million people traveled domestically, up 11.5% from 2019 levels
Total spending hit RMB 54.0 billion, up 12.7% compar...

sources

Gov.cn: 2024年清明节假期文化和旅游市场情况

April 8, 2024

Yellen in Beijing to discuss economic ties

There’s still hope for China-US economic dialogue. Since Wednesday, US Treasury Secretary Janet Yellen has been in China, holding meetings with Premier Li Qiang and Vice Premier He Lifeng. Some context: China-US economic ties have fluctuated since Yellen’s visit last July. The establishment of Econ…

There’s still hope for China-US economic dialogue.
Since Wednesday, US Treasury Secretary Janet Yellen has been in China, holding meetings with Premier Li Qiang and Vice Premier He Lifeng.
Some context: China-US economic ties have fluctuated since Yellen’s visit last July.

The establishment of Econ...

sources

US Treasury: Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Bilateral Meeting with Premier Li Qiang of the People’s Republic of China

US Treasury: READOUT: Secretary of the Treasury Janet L. Yellen’s Bilateral Meetings with Vice Premier He Lifeng of the People’s Republic of China in Guangzhou, China

Xinhua: Chinese premier meets U.S. treasury secretary

Xinhua: Chinese vice premier holds talks with U.S. treasury secretary

April 8, 2024

Try a little tender-ness

The central government is making good on its pledge to even things out in government procurement. On Tuesday, the macro planner (NDRC) and seven other agencies released China’s first-ever internal review guidelines for fair government procurement bidding. The guidelines take effect next month. ICY…

The central government is making good on its pledge to even things out in government procurement.
On Tuesday, the macro planner (NDRC) and seven other agencies released China's first-ever internal review guidelines for fair government procurement bidding.

The guidelines take effect next month.

ICY...

sources

NDRC: 招标投标领域公平竞争审查规则

Gov.cn: 招投标领域迎来首部公平竞争审查部门规章

NDRC: 着力完善公平竞争制度规则压茬推进全国统一大市场建设——《招标投标领域公平竞争审查规则》专家解读之二

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