string(13) "markets-macro"

Macro

April 4, 2024

March property roundup: A demand conundrum

To view the roundup as a pdf, click here. The rundown Containing risks in the flagging real estate sector ranks high on Beijing’s 2024 priority list, but policymakers have yet to develop fresh solutions to the sector’s biggest hurdle: The lack of demand. Quick recap: In our previous monthly propert… Username Password Remember Me … Read More »

To view the roundup as a pdf, click here.

The rundown
Containing risks in the flagging real estate sector ranks high on Beijing’s 2024 priority list, but policymakers have yet to develop fresh solutions to the sector’s biggest hurdle: The lack of demand.
Quick recap: In our previous monthly propert...

April 4, 2024

US-China tech talk

On Tuesday, Xi and President Biden spoke for the first time since their successful November summit. The two men discussed a range of tech-related issues, from AI to TikTok. Per the US readout: The two leaders “reviewed and encouraged progress on…talks to address AI-related risks…

On Tuesday, Xi and President Biden spoke for the first time since their successful November summit.

The two men discussed a range of tech-related issues, from AI to TikTok.

Per the US readout:

The two leaders “reviewed and encouraged progress on…talks to address AI-related risks...

sources

FMPRC: President Xi Jinping Speaks with U.S. President Joe Biden on the Phone

Whitehouse.gov: Readout of President Joe Biden’s Call with President Xi Jinping of the People’s Republic of China

Bloomberg: Biden, Xi Discussed TikTok Divestment Push, White House Says

April 4, 2024

Are smart cities a smart investment?

On Tuesday, the National Data Administration (NDA) released the “Guiding Opinions on Deepening Smart City Development and Promoting Citywide Digital Transformation” (Draft for Comments). The draft opinions say the digital transformation of all cities in China should achieve “significant results” b…

On Tuesday, the National Data Administration (NDA) released the "Guiding Opinions on Deepening Smart City Development and Promoting Citywide Digital Transformation" (Draft for Comments).

The draft opinions say the digital transformation of all cities in China should achieve “significant results” b...

sources

Secrss: 国家数据局《深化智慧城市发展推进城市全域数字化转型的指导意见》公开征求意见

April 4, 2024

Overcoming overcapacity

On Tuesday, the macro planner’s think tank State Information Center (SIC) published an article warning officials not to exacerbate overcapacity problems in their pursuit of “new quality productive forces.” ICYDK: Introduced by Xi Jinping in September, the term “new quality productive forces” refer…

On Tuesday, the macro planner’s think tank State Information Center (SIC) published an article warning officials not to exacerbate overcapacity problems in their pursuit of “new quality productive forces.”
ICYDK: Introduced by Xi Jinping in September, the term "new quality productive forces" refer...

sources

NDRC: 【专家观点】因地制宜发展新质生产力

April 4, 2024

China holds inaugural National Data Work Conference

The data economy just got further institutionalized. On Monday, the first-ever National Data Work Conference was held in Beijing. Leading the meeting were: Zheng Shanjie, head of the macro planner (NDRC) Liu Liehong, director of the National Data Administration (NDA) Some background: Work Conferen…

The data economy just got further institutionalized.
On Monday, the first-ever National Data Work Conference was held in Beijing. Leading the meeting were:

Zheng Shanjie, head of the macro planner (NDRC)
Liu Liehong, director of the National Data Administration (NDA)

Some background: Work Conferen...

sources

Yicai: 国家数据局：制定促进数据合规高效流通和交易的政策建立数据要素收益分配机制

April 3, 2024

NIO gets creative with gas-for-electric trade-in push

Chinese new energy vehicle (NEV) maker NIO is offering consumers RMB 10,000 in various subsidies to trade in their gas-powered cars. The offering, announced April 1, opens a new front in the ongoing domestic NEV price war. NIO is reportedly willing to spend up to RMB 1 billion in total to support …

Chinese new energy vehicle (NEV) maker NIO is offering consumers RMB 10,000 in various subsidies to trade in their gas-powered cars.

The offering, announced April 1, opens a new front in the ongoing domestic NEV price war.

NIO is reportedly willing to spend up to RMB 1 billion in total to support ...

sources

Caixin: 为刺激销量蔚来汽车推出最高10亿元油车置换补贴

April 3, 2024

PBoC sticks with moderate easing approach

China’s central bank (PBoC) will push forward with its program of gradual policy support in the months ahead. That was the key message from the readout of the PBoC’s Q1 monetary policy committee meeting, which dropped on Wednesday (the meeting itself was held on March 29). Some context: The commit…

China’s central bank (PBoC) will push forward with its program of gradual policy support in the months ahead.

That was the key message from the readout of the PBoC’s Q1 monetary policy committee meeting, which dropped on Wednesday (the meeting itself was held on March 29).

Some context: The commit...

sources

PBoC: 中国人民银行货币政策委员会召开2024年第一季度例会

April 3, 2024

Why China’s youth unemployment measurement is misleading

To read this note as a PDF click here. Exec sum: Household consumption and confidence in China remain fragile, in part because of the weak labor market. This makes getting an accurate read on China’s employment situation an especially pressing task for policymakers. In January, the NBS began …

To read this note as a PDF click here.
Exec sum:

Household consumption and confidence in China remain fragile, in part because of the weak labor market. This makes getting an accurate read on China’s employment situation an especially pressing task for policymakers.
In January, the NBS began ...

sources

NBS: 2023年国民经济回升向好高质量发展扎实推进

NBS: 调查失业率统计方法科学规范

NBS: 关于完善分年龄组调查失业率有关情况的说明

NBS: 王萍萍：一季度就业形势总体好转

April 3, 2024

Syngenta scraps IPO plans amid low profits

Sinochem-owned global agrochemical giant Syngenta Group has abandoned its three-year-long effort to list on the Shanghai Stock Exchange. The company released the information as part of an earnings update on Good Friday, a time when firms traditionally put out unpalatable news in the hope it will b…

Sinochem-owned global agrochemical giant Syngenta Group has abandoned its three-year-long effort to list on the Shanghai Stock Exchange.

The company released the information as part of an earnings update on Good Friday, a time when firms traditionally put out unpalatable news in the hope it will b...

sources

Reuters: Syngenta ditches multi-billion dollar China IPO bid

April 3, 2024

Xi to Biden: We can work it out

Xi Jinping wants US President Joe Biden to keep the faith. On Tuesday, Xi held a call with Biden, their first conversation since their highly successful November summit. A bevy of high-level dialogues and working groups in the meeting’s immediate afterglow generated enthusiasm. However, progress o…

Xi Jinping wants US President Joe Biden to keep the faith.
On Tuesday, Xi held a call with Biden, their first conversation since their highly successful November summit.
A bevy of high-level dialogues and working groups in the meeting’s immediate afterglow generated enthusiasm.

However, progress o...

sources

Xinhua: Xi, Biden hold phone talks

White House: Readout of President Joe Biden’s Call with President Xi Jinping of the People’s Republic of China

April 3, 2024

Get ready for a rural wind energy boom

China’s rural regions are gearing up for a wind energy boom. On Tuesday, the macro planner (NDRC), energy regulator (NEA), and ag ministry (MARA) announced a new program to accelerate distributed wind energy development in rural areas. It’s been a long time coming; the NEA first mentioned the progr…

China’s rural regions are gearing up for a wind energy boom.
On Tuesday, the macro planner (NDRC), energy regulator (NEA), and ag ministry (MARA) announced a new program to accelerate distributed wind energy development in rural areas.

It's been a long time coming; the NEA first mentioned the progr...

sources

NDRC: 国家发展改革委国家能源局农业农村部关于组织开展“千乡万村驭风行动”的通知

April 3, 2024

Lean, mean, fighting SOEs?

Everyone is jumping on the “new quality productive forces” bandwagon. On Friday, Xinhua reported the state-owned enterprise (SOE) regulator (SASAC) has announced the first batch of state-owned startups “to cultivate and develop new quality productive forces.” The selected startups focus on fields…

Everyone is jumping on the “new quality productive forces” bandwagon.
On Friday, Xinhua reported the state-owned enterprise (SOE) regulator (SASAC) has announced the first batch of state-owned startups “to cultivate and develop new quality productive forces.”

The selected startups focus on fields...

sources

Xinhua: 国务院国资委确定首批启航企业加快发展新质生产力

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