string(13) "markets-macro"

Macro

March 14, 2024

Consumption support comes with caveats

Central government funding to stimulate consumption is less than meets the eye. On Wednesday, the State Council published an action plan to promote the old-for-new trade-in program for consumer goods first mooted in February and then promised in the 2024 Government Work Report unveiled on March 5. P… Username Password Remember Me Forgot… Read More »

Central government funding to stimulate consumption is less than meets the eye.
On Wednesday, the State Council published an action plan to promote the old-for-new trade-in program for consumer goods first mooted in February and then promised in the 2024 Government Work Report unveiled on March 5.
P...

sources

Gov.cn: 国务院关于印发《推动大规模设备更新和消费品以旧换新行动方案》的通知

March 14, 2024

The People vs. TikTok

Well, that was fast. On Wednesday morning, US Congress voted to pass the Protecting Americans from Foreign Adversary Controlled Applications Act by 362-65. The bill would force TikTok to divest from ByteDance, or face a nationwide ban. The next hurdle: The bill now has to pass the Senate – and it ha…

Well, that was fast.
On Wednesday morning, US Congress voted to pass the Protecting Americans from Foreign Adversary Controlled Applications Act by 362-65.
The bill would force TikTok to divest from ByteDance, or face a nationwide ban.
The next hurdle: The bill now has to pass the Senate – and it ha...

sources

Bloomberg: TikTok Will Use Every Legal Tool to Fight a Forced Sale

WSJ: House Passes Bill to Ban TikTok or Force Sale as Lobbyists Turn Attention to Senate

WSJ: China Says It Opposes Forced Sale of TikTok

March 14, 2024

Equipment trading and upgrading

Beijing will help companies splurge on efficient, green upgrades. On Wednesday, the State Council published its action plan for the industrial equipment upgrading and consumer goods trade-in program. The industrial upgrading headline: By 2027, Beijing wants investments in large industrial equipment …

Beijing will help companies splurge on efficient, green upgrades.
On Wednesday, the State Council published its action plan for the industrial equipment upgrading and consumer goods trade-in program.
The industrial upgrading headline: By 2027, Beijing wants investments in large industrial equipment ...

sources

Gov.cn: 国务院关于印发《推动大规模设备更新和消费品以旧换新行动方案》的通知

Gov.cn: 国家发展改革委有关负责人就《推动大规模设备更新和消费品以旧换新行动方案》答记者问

JRJ: 中金：《设备更新方案》或新增万亿级别投资规模

March 14, 2024

Premier Li goes on a post-Two Sessions tech tour

In case you still didn’t know – China’s leadership is keen to develop homegrown tech companies. Premier Li Qiang reinforced that message by spending his Wednesday afternoon touring tech companies around Beijing. Li visited: Two companies at the forefront of AI development – including tech behemoth …

In case you still didn't know – China's leadership is keen to develop homegrown tech companies.
Premier Li Qiang reinforced that message by spending his Wednesday afternoon touring tech companies around Beijing.
Li visited:

Two companies at the forefront of AI development – including tech behemoth ...

sources

CCTV: [视频]李强在北京调研

March 14, 2024

On Our Radar | Confidence swings, transparency roundabouts

The most important upcoming developments for policy and politics in China over the next month key developments politics News of the Third Plenum (any time) econ and finance Q1 GDP release (mid-April) foreign affairs Olaf Scholz’s China visit (April 15-16) Wang Yi’s Australia visit (late March) …

The most important upcoming developments for policy and politics in China over the next month
key developments
politics

News of the Third Plenum (any time)

econ and finance

Q1 GDP release (mid-April)

foreign affairs

Olaf Scholz’s China visit (April 15-16)
Wang Yi’s Australia visit (late March)
...

March 14, 2024

Jin Zhuanglong rallies the troops

The Two Sessions is over, and China’s tech regulators are back at work. On Tuesday, Ministry of Industry and Information Technology (MIIT) head Jin Zhuanglong called the troops together for a post-Two Sessions powwow. What he said: Jin urged his ministry to drive forward Xi’s agenda and develop “Ne…

The Two Sessions is over, and China's tech regulators are back at work.
On Tuesday, Ministry of Industry and Information Technology (MIIT) head Jin Zhuanglong called the troops together for a post-Two Sessions powwow.
What he said: Jin urged his ministry to drive forward Xi's agenda and develop "Ne...

sources

MIIT: 工业和信息化部传达学习贯彻习近平总书记重要讲话精神和全国两会精神

March 14, 2024

EU passes AI Act

On Wednesday, the EU Parliament passed the Artificial Intelligence Act, the world’s most comprehensive piece of legislation on AI. The AI Act includes several foundational principles on the deployment of human-centric AI, including (EU Parliament): “Safeguards on general purpose artificial intelli…

On Wednesday, the EU Parliament passed the Artificial Intelligence Act, the world's most comprehensive piece of legislation on AI.
The AI Act includes several foundational principles on the deployment of human-centric AI, including (EU Parliament):

"Safeguards on general purpose artificial intelli...

sources

European Parliament: Artificial Intelligence Act: MEPs adopt landmark law

European Parliament: Official website of the AI Act

March 14, 2024

MNR releases plan to upgrade geographical data services

On Tuesday, the Ministry of Natural Resources (MNR) published an ambitious plan to upgrade its Tian Ditu geographic information services platform. The first phase of the upgrade is expected to be done by 2025, with full completion by 2030. Some background: Tian Ditu was launched in 2011 as the pri…

On Tuesday, the Ministry of Natural Resources (MNR) published an ambitious plan to upgrade its Tian Ditu geographic information services platform.

The first phase of the upgrade is expected to be done by 2025, with full completion by 2030.

Some background: Tian Ditu was launched in 2011 as the pri...

sources

Gov.cn: 自然资源部办公厅关于印发《新一代地理信息公共服务平台（天地图）建设总体实施方案》的通知

March 14, 2024

TikTok strikes out in Congress

Well, that was fast. On Wednesday morning, US Congress voted to pass the Protecting Americans from Foreign Adversary Controlled Applications Act by 362-65. The bill would force TikTok to divest from ByteDance or face a nationwide ban. The next hurdle: The bill now has to pass the Senate – and has…

Well, that was fast.
On Wednesday morning, US Congress voted to pass the Protecting Americans from Foreign Adversary Controlled Applications Act by 362-65.

The bill would force TikTok to divest from ByteDance or face a nationwide ban.

The next hurdle: The bill now has to pass the Senate – and has...

sources

Bloomberg: TikTok Will Use Every Legal Tool to Fight a Forced Sale

WSJ: House Passes Bill to Ban TikTok or Force Sale as Lobbyists Turn Attention to Senate

March 13, 2024

We are working on it and that’s all you need to know

Tuesday’s State Council executive meeting approved the Government Work Report (GWR) task list (Gov.cn 1). Now the big question is: Will they make it public? ICYDK: The list is an implementation guide for government departments, outlining their responsibilities and deadlines for the year’s policy pri…

Tuesday's State Council executive meeting approved the Government Work Report (GWR) task list (Gov.cn 1).
Now the big question is: Will they make it public?
ICYDK: The list is an implementation guide for government departments, outlining their responsibilities and deadlines for the year's policy pri...

sources

Gov.cn: 李强主持召开国务院常务会议讨论通过《国务院2024年重点工作分工方案》等

Gov.cn: 李强主持召开国务院常务会议确定国务院2023年重点工作分工研究优化完善部分阶段性税费优惠政策等

March 13, 2024

New action plan to boost staple crops

Get ready for more grain. At Tuesday’s State Council executive meeting, officials approved an action plan for boosting staple crop production capacity by 50 million metric tons by 2030. That target isn’t new: It was announced in last year’s No. 1 Document on agricultural policy and has been repeate…

Get ready for more grain.
At Tuesday's State Council executive meeting, officials approved an action plan for boosting staple crop production capacity by 50 million metric tons by 2030.
That target isn't new: It was announced in last year's No. 1 Document on agricultural policy and has been repeate...

sources

Gov.cn: 李强主持召开国务院常务会议讨论通过《国务院2024年重点工作分工方案》等

Economic Daily: 新一轮千亿斤粮食产能提升行动将全面实施

March 13, 2024

Schrödinger’s premier

On Tuesday, Reuters scooped that Premier Li Qiang will not hold closed-door meetings with foreign CEOs at the China Development Forum (CDF) in late March. Some context: Held annually since 2000, the CDF is the premier annual gathering for Party bigwigs and foreign executives – offering foreign busin…

On Tuesday, Reuters scooped that Premier Li Qiang will not hold closed-door meetings with foreign CEOs at the China Development Forum (CDF) in late March.
Some context: Held annually since 2000, the CDF is the premier annual gathering for Party bigwigs and foreign executives – offering foreign busin...

sources

Reuters: Exclusive: Chinese Premier Li to skip meeting with global CEOs at key business summit

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