string(13) "markets-macro"

Macro

March 9, 2024

AMD gets denied on China chip

On Monday, Bloomberg reported that the US Commerce Department won’t let US chipmaker AMD sell its dumbed-down AI chip in China without a license. Some background: In October, Commerce placed technical thresholds on AI chips that can be sold license-free in the Chinese market. More background: US se… Username Password Remember Me Forgot… Read More »

On Monday, Bloomberg reported that the US Commerce Department won't let US chipmaker AMD sell its dumbed-down AI chip in China without a license.
Some background: In October, Commerce placed technical thresholds on AI chips that can be sold license-free in the Chinese market.
More background: US se...

sources

Bloomberg: AMD Hits US Roadblock in Selling AI Chip Tailored for China

March 9, 2024

China Telecom snags international satellite codes

You ready for the next US-China competition over telecommunications? Neither are we. On Tuesday, MIIT announced that China Telecom has become the first Chinese telecom to receive international satellite codes from the International Telecommunications Union (ITU). What that means: China Telecom ca…

You ready for the next US-China competition over telecommunications?

Neither are we.

On Tuesday, MIIT announced that China Telecom has become the first Chinese telecom to receive international satellite codes from the International Telecommunications Union (ITU).
What that means: China Telecom ca...

sources

MIIT: 工业和信息化部指导中国电信首次获批卫星通信国际电信码号资源助力我国卫星业务走出国门

March 9, 2024

Biden gives hypothetical thumbs up to TikTok divestment

The latest effort to ban TikTok in the US is gaining steam. On Friday, President Biden confirmed he would sign a bill requiring ByteDance to divest TikTok in the US or face a nationwide ban, providing it passes the House and Senate. Recap: Yesterday, we told you that congressional lawmakers had int…

The latest effort to ban TikTok in the US is gaining steam.
On Friday, President Biden confirmed he would sign a bill requiring ByteDance to divest TikTok in the US or face a nationwide ban, providing it passes the House and Senate.
Recap: Yesterday, we told you that congressional lawmakers had int...

sources

WSJ: Biden Backs Effort to Force Sale of TikTok by Chinese Owners

March 8, 2024

Government spotlights urbanization, regional growth strategy

One of the biggest changes to this year’s Government Work Report (GWR) is a new section on “urban-rural integration and coordinated regional development.” The report ranks the issue eighth on its ten-point policy priority list for 2024. The previous four GWRs rolled the issue into the section on b…

One of the biggest changes to this year’s Government Work Report (GWR) is a new section on "urban-rural integration and coordinated regional development."

The report ranks the issue eighth on its ten-point policy priority list for 2024.

The previous four GWRs rolled the issue into the section on b...

March 8, 2024

NPC head delivers NPC work report to NPC

The legislature (NPC) is fast-tracking its efforts to boost the private sector. On Friday, NPC Chairman Zhao Leji delivered the NPC work report to legislators as part of the Two Sessions. On the list of laws to finalize this year: The Private Economy Promotion Law. The law’s primary goal is to crea…

The legislature (NPC) is fast-tracking its efforts to boost the private sector.
On Friday, NPC Chairman Zhao Leji delivered the NPC work report to legislators as part of the Two Sessions.
On the list of laws to finalize this year: The Private Economy Promotion Law.

The law's primary goal is to crea...

sources

Xinhua: 我国将制定民营经济促进法等

March 8, 2024

Sichuan Trust set for bankruptcy

Nearly four years after a major default, Sichuan Trust is finally close to being restructured. Flashback: In May 2020, Sichuan Trust failed to repay over RMB 25 billion of redemptions on its trust products, sparking protests among some 8,300 investors. The scandal helped trigger a regulatory crackd…

Nearly four years after a major default, Sichuan Trust is finally close to being restructured.
Flashback: In May 2020, Sichuan Trust failed to repay over RMB 25 billion of redemptions on its trust products, sparking protests among some 8,300 investors.

The scandal helped trigger a regulatory crackd...

sources

Caixin: 四川信托爆雷四年清偿新进展九成以上受害人已签约

Caixin: Troubled Sichuan Trust Offers 40% to 80% Compensation to Investors

Securities Times: 九成个人投资者转让受益权川信探索风险处置新路径

March 8, 2024

I trust thee with this 1 trillion RMB

Former central bank governor Yi Gang thinks property developers should have greater leeway to use their presale funds. Yi spoke to China’s political advisory body (CPPCC) on Thursday, where he is now deputy director of its economic committee. ICYDK: Money from presales, whereby homebuyers pay for …

Former central bank governor Yi Gang thinks property developers should have greater leeway to use their presale funds.

Yi spoke to China's political advisory body (CPPCC) on Thursday, where he is now deputy director of its economic committee.

ICYDK: Money from presales, whereby homebuyers pay for ...

sources

Yicai: 易纲：建议设立房地产预售资金保险机制，解决房企流动性困难

Bloomberg: Yi Gang Proposes Plan to Help China Real Estate Developers Access $139 Billion

March 8, 2024

Strait-talking Xi Jinping

Beijing is not about to rock the boat when it comes to Taiwan. On Wednesday, Xi Jinping met with delegates from the Revolutionary Committee of the Chinese Kuomintang (RCCK) – one of China’s eight “democratic” minority parties – during the Two Sessions. History time: The RCCK was established by left-…

Beijing is not about to rock the boat when it comes to Taiwan.
On Wednesday, Xi Jinping met with delegates from the Revolutionary Committee of the Chinese Kuomintang (RCCK) – one of China's eight "democratic" minority parties – during the Two Sessions.
History time: The RCCK was established by left-...

sources

Xinhua: Xi Focus: Xi calls on political advisors to build consensus for Chinese modernization

China Daily: Top adviser reaffirms opposition to 'Taiwan independence'

March 8, 2024

Making mobile payments easier

Mobile payments for foreigners are set to get easier. On Thursday, the State Council’s general office released a document on improving foreigners’ access to mobile payment platforms. ICYDK: Foreigners have a tough time making payments in China due to the multiple hurdles to signing up for and using …

Mobile payments for foreigners are set to get easier.
On Thursday, the State Council’s general office released a document on improving foreigners’ access to mobile payment platforms.
ICYDK: Foreigners have a tough time making payments in China due to the multiple hurdles to signing up for and using ...

sources

Gov.cn: 国务院办公厅关于进一步优化支付服务提升支付便利性的意见

Gov.cn: 2024年3月1日国务院政策例行吹风会

March 8, 2024

The mouth of the (Global) South

China stands with the developing world. That was another key message from top diplomat Wang Yi’s Two Sessions presser on Thursday. Wang said that “multipolarity and economic globalization” are the trends of the times: “An equal multipolar world means equal rights…and equal rules for every nation….

China stands with the developing world.

That was another key message from top diplomat Wang Yi’s Two Sessions presser on Thursday.

Wang said that “multipolarity and economic globalization” are the trends of the times:

“An equal multipolar world means equal rights…and equal rules for every nation....

sources

MoFA: Member of the Political Bureau of the CPC Central Committee and Foreign Minister Wang Yi Meets the Press

March 8, 2024

Beijing targets green tech as tool for growth

Beijing wants green tech manufacturing to drive economic growth. Exhibit A: The 2024 Government Work Report (GWR), released Tuesday, put “emerging and future-oriented industries” at the top of its priority list for industrial modernization. That includes intelligent connected new energy vehicles (N…

Beijing wants green tech manufacturing to drive economic growth.
Exhibit A: The 2024 Government Work Report (GWR), released Tuesday, put "emerging and future-oriented industries" at the top of its priority list for industrial modernization.

That includes intelligent connected new energy vehicles (N...

March 8, 2024

Flash talk | What the Government Work Report means for China’s economy

China’s legislative season – which kicked off Tuesday – is generating a lot of news. In this latest Flash Talk, Trivium Co-founder Andrew Polk and Head of China Markets Research Dinny McMahon, get into the weeds about what it all means for China’s economy. They discuss: China’s 2024 GDP target for …

China's legislative season – which kicked off Tuesday – is generating a lot of news.
In this latest Flash Talk, Trivium Co-founder Andrew Polk and Head of China Markets Research Dinny McMahon, get into the weeds about what it all means for China's economy.
They discuss:

China's 2024 GDP target for ...

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