string(13) "markets-macro"

Macro

March 21, 2024

Brazil, Mexico push back on Chinese dumping

Mexico and Brazil have initiated protective trade measures against rising Chinese exports, creating doubt around the strength of China’s export machine this year. The details: Mexico has imposed provincial duties on steel nails (31%) and steel balls (ranging from 3.68% to 12.35%) this month and is … Username Password Remember Me Forgot Password

Mexico and Brazil have initiated protective trade measures against rising Chinese exports, creating doubt around the strength of China's export machine this year.
The details:

Mexico has imposed provincial duties on steel nails (31%) and steel balls (ranging from 3.68% to 12.35%) this month and is ...

sources

SCMP: With ‘made-by-China’ under US pressure, Mexican trade probes spark concerns over curbs

Financial Times: Brazil launches China anti-dumping probes after imports soar

March 21, 2024

China’s deposit rate dilemma

China’s monetary authorities face a social stability challenge that is keeping them from pushing forward more significant easing – as they seek to preserve household savings rates. The issue: Despite the challenges facing China’s economy, officials have been reluctant to cut lending rates aggressive…

China's monetary authorities face a social stability challenge that is keeping them from pushing forward more significant easing – as they seek to preserve household savings rates.
The issue: Despite the challenges facing China's economy, officials have been reluctant to cut lending rates aggressive...

sources

NBS: 中华人民共和国2023年国民经济和社会发展统计公报

NBS: 中华人民共和国2022年国民经济和社会发展统计公报

China Daily: 中国不能跟进其他国家实行零利率或负利率政策

March 21, 2024

Integrate and rise together

Xi Jinping wants to stamp out local protectionism in China’s central region. Speaking at a symposium on Wednesday in Changsha, Hunan, the big man demanded: “[Officials must] rectify local protectionist behaviors, promote the rational flow and optimized allocation of various factors of production ac…

Xi Jinping wants to stamp out local protectionism in China's central region.
Speaking at a symposium on Wednesday in Changsha, Hunan, the big man demanded:

“[Officials must] rectify local protectionist behaviors, promote the rational flow and optimized allocation of various factors of production ac...

sources

Gov.cn: 习近平主持召开新时代推动中部地区崛起座谈会强调：在更高起点上扎实推动中部地区崛起

March 21, 2024

Tesla raises prices, but no white flag

China’s epic auto price war may be coming to an end. On Wednesday, Caixin reported that Tesla will increase the price of its domestic Model Y by RMB 5,000 starting April 1. The existing RMB 8,000 insurance subsidy will also expire on March 31. Some context: On Monday, Tesla announced North America…

China's epic auto price war may be coming to an end.
On Wednesday, Caixin reported that Tesla will increase the price of its domestic Model Y by RMB 5,000 starting April 1.

The existing RMB 8,000 insurance subsidy will also expire on March 31.

Some context: On Monday, Tesla announced North America...

sources

Caixin: 特斯拉Model Y在华售价上涨5000元其他车企松口气

March 21, 2024

Diplomacy manifest

Top diplomat Wang Yi’s visit down under was a bit of a dud. On Wednesday, Wang met with Australian Prime Minister Anthony Albanese following his meeting with Australian Foreign Minister Penny Wong. The meeting was pretty dull: Wang offered boilerplate statements about fostering cooperation and mana…

Top diplomat Wang Yi’s visit down under was a bit of a dud.
On Wednesday, Wang met with Australian Prime Minister Anthony Albanese following his meeting with Australian Foreign Minister Penny Wong.
The meeting was pretty dull:

Wang offered boilerplate statements about fostering cooperation and mana...

sources

MoFA: Prime Minister of Australia Anthony Albanese Meets with Wang Yi

MoFA: Wang Yi Has Discussions with Personages from Australian Business and Strategic Communities and Other Sectors

FT: China urges Australian caution on ‘third-party’ disruption of relationship

March 21, 2024

Premier Li praises California laser manufacturer

On Monday through Wednesday, Premier Li Qiang took to Fujian and Jiangxi provinces to deliver the good word of the 2024 Government Work Report. Not surprisingly, promoting technological innovation was a major focus of Li’s trip. In Fujian, Li visited the Fujian Science & Technology Innovation La…

On Monday through Wednesday, Premier Li Qiang took to Fujian and Jiangxi provinces to deliver the good word of the 2024 Government Work Report.
Not surprisingly, promoting technological innovation was a major focus of Li’s trip.
In Fujian, Li visited the Fujian Science & Technology Innovation La...

sources

Gov.cn: 李强在福建、江西调研时强调：顺应人民群众对高品质生活新期待在推动高质量发展中不断增进民生福祉

March 21, 2024

Beijing to boost fiscal transfers to local governments

China’s central government will transfer about half of the proceeds from its RMB 1 trillion in special treasury bonds (STBs) directly to local governments in 2024. Here’s how we know. In its 2024 budget report, the finance ministry (MoF) said it plans to transfer RMB 615.3 billion of “government-man…

China's central government will transfer about half of the proceeds from its RMB 1 trillion in special treasury bonds (STBs) directly to local governments in 2024.
Here's how we know.
In its 2024 budget report, the finance ministry (MoF) said it plans to transfer RMB 615.3 billion of “government-man...

sources

21st Century Biz: 解码超长期特别国债：投向哪，何时发，央地如何分？

March 21, 2024

Consumer protections for the new era

Consumer protections are getting an upgrade. On Tuesday, the State Council released 53 measures to implement the Law on the Protection of Consumers’ Rights and Interests. The measures will go into effect in July. Some context: The consumer protection law was first introduced in 1993 and last amend…

Consumer protections are getting an upgrade.
On Tuesday, the State Council released 53 measures to implement the Law on the Protection of Consumers' Rights and Interests.

The measures will go into effect in July.

Some context: The consumer protection law was first introduced in 1993 and last amend...

sources

Gov.cn: 中华人民共和国消费者权益保护法实施条例

Gov.cn: 李强签署国务院令公布《中华人民共和国消费者权益保护法实施条例》

March 21, 2024

Xi says yield to food security

China’s new push to raise farm productivity comes straight from the top. During his Tuesday trip to Hunan province, Xi Jinping visited a nationally designated staple crop demonstration farm on the outskirts of Changde City. What caught our eye: The short readout of the visit was almost entirely foc…

China's new push to raise farm productivity comes straight from the top.
During his Tuesday trip to Hunan province, Xi Jinping visited a nationally designated staple crop demonstration farm on the outskirts of Changde City.
What caught our eye: The short readout of the visit was almost entirely foc...

sources

Gov.cn: 习近平走进农田考察春耕备耕情况

March 21, 2024

Turning down the tap on industrial water use

The State Council issued new water conservation rules Wednesday that give teeth to national water conservation efforts. Some context: China is home to roughly 20% of the world’s population but has just 7% of global freshwater – most of which is in southern provinces prone to flooding. That means po…

The State Council issued new water conservation rules Wednesday that give teeth to national water conservation efforts.
Some context: China is home to roughly 20% of the world’s population but has just 7% of global freshwater – most of which is in southern provinces prone to flooding.

That means po...

sources

Gov.cn: 节约用水条例

March 21, 2024

Come to China, bring your wallet

China will soon welcome more foreign investment in manufacturing and high-tech sectors. That’s according to a new State Council action plan to improve the business environment for foreign investment, released on Tuesday. The action plan indicated that China plans to: “Comprehensively abolish the …

China will soon welcome more foreign investment in manufacturing and high-tech sectors.

That's according to a new State Council action plan to improve the business environment for foreign investment, released on Tuesday.

The action plan indicated that China plans to:

"Comprehensively abolish the ...

sources

Gov.cn: 国务院办公厅关于印发《扎实推进高水平对外开放更大力度吸引和利用外资行动方案》的通知

Yicai: 国家发改委：会同有关部门已启动鼓励外商投资产业目录修订工作

March 21, 2024

Sci-tech talent gets a major boost

On Tuesday, the Ministry of Education (MoE) announced it has approved 24 new undergraduate majors, mostly in sci-tech fields. That means those majors can now be offered in Chinese universities. The new majors are designed to boost the talent pool available for serving national strategic goals. The…

On Tuesday, the Ministry of Education (MoE) announced it has approved 24 new undergraduate majors, mostly in sci-tech fields.

That means those majors can now be offered in Chinese universities.

The new majors are designed to boost the talent pool available for serving national strategic goals. The...

sources

MOE: 加强高校本科专业优化调整有的放矢培养急需紧缺人才

MOE: 教育部公布新一批普通高等学校本科专业备案和审批结果

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