string(13) "markets-macro"

Macro

March 22, 2024

Houthi heck do you think you are?

China has secured its Red Sea shipping. On Thursday, Bloomberg reported that China and Russia reached a deal with the Yemen-based Houthi rebel group to ensure the safety of Chinese and Russian ships. ICYDK: Since last October, the Iran-backed Houthis have attacked shipping in the Red Sea and Gulf of… Username Password Remember Me … Read More »

China has secured its Red Sea shipping.
On Thursday, Bloomberg reported that China and Russia reached a deal with the Yemen-based Houthi rebel group to ensure the safety of Chinese and Russian ships.
ICYDK: Since last October, the Iran-backed Houthis have attacked shipping in the Red Sea and Gulf of...

sources

Bloomberg: Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted

March 22, 2024

China digging for more UK gold(en eras)

Beijing continues its bid to improve relations with the UK. On Thursday, the annual China-UK Leadership Forum kicked off in Beijing. Some context: Held almost annually since 2007, the forum regularly features top officials from both countries, including parliamentarians from the UK’s Conservative an…

Beijing continues its bid to improve relations with the UK.
On Thursday, the annual China-UK Leadership Forum kicked off in Beijing.
Some context: Held almost annually since 2007, the forum regularly features top officials from both countries, including parliamentarians from the UK's Conservative an...

sources

Xinhua: China's top political advisor vows enhanced exchanges with UK parties

CPC People: 中国共产党新闻网>>高层动态分享韩正会见英国伦敦金融城市长梅睿孟

Xinhua: Senior CPC official calls on China, UK to deepen mutual trust

March 22, 2024

Reform package taking shape

On Thursday, at the conclusion of his trip to Hunan, Xi Jinping sat down with Hunan leadership. What Xi wanted to talk about: Reforms. ICYMI: In February, the Party leadership signaled that a new reform package is in the works, presumably to be unveiled at the long-delayed Third Plenum. On Thursday,…

On Thursday, at the conclusion of his trip to Hunan, Xi Jinping sat down with Hunan leadership.
What Xi wanted to talk about: Reforms.
ICYMI: In February, the Party leadership signaled that a new reform package is in the works, presumably to be unveiled at the long-delayed Third Plenum.
On Thursday,...

sources

Xinhua: 习近平在湖南考察时强调坚持改革创新求真务实奋力谱写中国式现代化湖南篇章

March 22, 2024

Meet China’s new central bank advisors

China’s central bank (PBoC) has reshuffled its Monetary Policy Committee (MPC). Some context: The MPC consists of 14 members, including representatives from major economic and financial regulators and three academic members. Unlike the US’s Federal Open Markets Committee (FOMC), the MPC doesn’t set…

China's central bank (PBoC) has reshuffled its Monetary Policy Committee (MPC).
Some context: The MPC consists of 14 members, including representatives from major economic and financial regulators and three academic members.

Unlike the US’s Federal Open Markets Committee (FOMC), the MPC doesn’t set...

sources

PBoC: 中国人民银行货币政策委员会委员

March 22, 2024

KPMG China partners fined by US regulator

On Wednesday, the US audit watchdog (PCAOB) penalized another China-based auditing firm. The lucky recipients: Three partners at KPMG Huazhen. The firm’s staff were accused of breaching PCAOB standards while auditing the accounts of Nasdaq-listed Tarena International, a Chinese education services p…

On Wednesday, the US audit watchdog (PCAOB) penalized another China-based auditing firm.
The lucky recipients: Three partners at KPMG Huazhen.

The firm’s staff were accused of breaching PCAOB standards while auditing the accounts of Nasdaq-listed Tarena International, a Chinese education services p...

sources

PCAOB: PCAOB Sanctions Three Partners of KPMG China for Violations of Audit Standards

March 22, 2024

Defending the food system against natural disasters

Top leaders want to make China’s food system more resilient to natural disasters. On Tuesday, Vice Premier Liu Guozhong led an annual inter-agency meeting on spring agricultural work in Henan province. The focus of this year’s meeting: Improving the natural disaster response system. ICYDK: Henan su…

Top leaders want to make China's food system more resilient to natural disasters.
On Tuesday, Vice Premier Liu Guozhong led an annual inter-agency meeting on spring agricultural work in Henan province.
The focus of this year's meeting: Improving the natural disaster response system.
ICYDK: Henan su...

sources

People's Daily: 全力抓好粮食和重要农产品稳产保供为推动高质量发展提供有力支撑

MARA: 刘国中出席全国春季农业生产暨防灾减灾救灾工作会议并讲话

March 22, 2024

US CEOs kept waiting on Xi meeting

Xi Jinping is going to meet with US businesses next week – probably. According to the Journal: “The meeting with China’s top leader is set for Wednesday, and insurer Chubb’s CEO, Evan Greenberg, along with Stephen Orlins, president of the National Committee on U.S.-China Relations, and Craig Allen,…

Xi Jinping is going to meet with US businesses next week – probably.
According to the Journal:

“The meeting with China’s top leader is set for Wednesday, and insurer Chubb’s CEO, Evan Greenberg, along with Stephen Orlins, president of the National Committee on U.S.-China Relations, and Craig Allen,...

sources

WSJ: China’s Xi Jinping to Meet U.S. CEOs in Beijing Next Week

March 22, 2024

Flash talk | China’s supply-demand mismatch

Trivium Co-founder Andrew Polk is visiting Beijing, so in this latest Flash Talk he checks in with Lead Economic Analyst Joe Peissel to discuss China’s economic performance in the first two months of 2024. The gents discuss: The surge in China’s supply-side activity Sluggish growth in demand, and w…

Trivium Co-founder Andrew Polk is visiting Beijing, so in this latest Flash Talk he checks in with Lead Economic Analyst Joe Peissel to discuss China's economic performance in the first two months of 2024.
The gents discuss:

The surge in China's supply-side activity
Sluggish growth in demand, and w...

March 22, 2024

US has chip sanctions on the brain again

Not that this will come as a shock to anyone, but… On Tuesday, Bloomberg reported that Biden officials are mulling sanctions on a new group of Chinese chipmakers, citing anonymous sources. Those sanctions are primarily being considered on companies believed to be connected to Huawei’s chip locali…

Not that this will come as a shock to anyone, but...
On Tuesday, Bloomberg reported that Biden officials are mulling sanctions on a new group of Chinese chipmakers, citing anonymous sources.

Those sanctions are primarily being considered on companies believed to be connected to Huawei's chip locali...

sources

Bloomberg: US Weighs Sanctioning Huawei’s Secretive Chinese Chip Network

March 22, 2024

Gansu’s latest data economy development plan is a nothingburger

On Wednesday, Gansu province released its own local version of the “Data Factors X” action plan. Spoiler alert: It’s not very exciting. Some background: The “Data Factors X” action plan was announced in December by China’s newly formed National Data Administration (NDA). As one of the NDA’s first …

On Wednesday, Gansu province released its own local version of the "Data Factors X" action plan.
Spoiler alert: It's not very exciting.
Some background: The "Data Factors X" action plan was announced in December by China's newly formed National Data Administration (NDA).

As one of the NDA's first ...

sources

Gansu gov: 甘肃省人民政府办公厅关于印发甘肃省“数据要素×”三年行动实施方案（2024—2026年）的通知

March 22, 2024

Experts drop clues to direction of AI regulation

We think China’s censorship regime will eventually extend to AI training data. Why we think so: On Tuesday, three AI experts from one of China’s top technical standards bodies published official commentaries about how AI-generated content (AIGC) services should be governed. Why listen to these guys…

We think China's censorship regime will eventually extend to AI training data.
Why we think so: On Tuesday, three AI experts from one of China's top technical standards bodies published official commentaries about how AI-generated content (AIGC) services should be governed.
Why listen to these guys...

sources

TC260: 深化推进生成式人工智能服务安全治理

TC260: 完善人工智能治理体系，护航产业健康规范发展

TC260: 促进生成式人工智能有序向善发展

March 22, 2024

PBoC signals credit growth can slow further

The pace of credit growth is set to slow this year – and the PBoC is fine with that. The latest: On Thursday, central bank (PBoC) Deputy Governor Xuan Changneng provided details about the significance of a recent change in monetary policy wording. In December, the PBoC introduced a new phrase into …

The pace of credit growth is set to slow this year – and the PBoC is fine with that.
The latest: On Thursday, central bank (PBoC) Deputy Governor Xuan Changneng provided details about the significance of a recent change in monetary policy wording.

In December, the PBoC introduced a new phrase into ...

sources

PBoC: 国新办举行近期投资、财政、金融有关数据及政策新闻发布会

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