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Macro

March 8, 2024

Science minister pledges to support young researchers

It’s out with the old, and in with the new at China’s scientific research institutions. On Tuesday, Ministry of Science and Technology (MoST) head Yin Hejun was interviewed by the press during the 2024 Two Sessions. During the interview, Yin said that MoST is planning to introduce policies designed… Username Password Remember Me … Read More »

It's out with the old, and in with the new at China's scientific research institutions.
On Tuesday, Ministry of Science and Technology (MoST) head Yin Hejun was interviewed by the press during the 2024 Two Sessions.
During the interview, Yin said that MoST is planning to introduce policies designed...

sources

Caixin: 科技部部长阴和俊：对青年科技人才要大胆使用

March 8, 2024

US tries to ban TikTok yet again

Man, US lawmakers really have it in for TikTok. On Tuesday, congressman Mike Gallagher and 18 other congresspeople introduced a bill that would force ByteDance to divest TikTok in the US or face a nationwide ban. According to SCMP: “The legislation would give ByteDance 165 days to divest TikTok or…

Man, US lawmakers really have it in for TikTok.
On Tuesday, congressman Mike Gallagher and 18 other congresspeople introduced a bill that would force ByteDance to divest TikTok in the US or face a nationwide ban. According to SCMP:

"The legislation would give ByteDance 165 days to divest TikTok or...

sources

SCMP: TikTok told to break with China’s Communist Party or lose access to US users

March 8, 2024

Wang Yi weighs in on AI

On Thursday morning, top diplomat Wang Yi held a press conference on China’s foreign policy. He had quite a bit to say about global AI governance. Wang made two interesting pronouncements. First, he suggested that an international governance body for artificial intelligence be established under t…

On Thursday morning, top diplomat Wang Yi held a press conference on China’s foreign policy.

He had quite a bit to say about global AI governance.

Wang made two interesting pronouncements.
First, he suggested that an international governance body for artificial intelligence be established under t...

sources

MoFA: 王毅谈人工智能全球治理：确保有益，确保安全，确保公平

March 8, 2024

Steady as she goes: March US-China tech and trade war roundup

Welcome to another edition of Trivium’s US-China tech and trade war roundup. In these monthly reports, we break down key geopolitical developments shaping the economic relationship between Beijing and Washington. Here’s where things stand as of early March. The past month has been “steady as s…

Welcome to another edition of Trivium’s US-China tech and trade war roundup. In these monthly reports, we break down key geopolitical developments shaping the economic relationship between Beijing and Washington.
Here’s where things stand as of early March.
The past month has been “steady as s...

March 8, 2024

China, leader of the developing world

China wants to be viewed as a developing world leader on trade issues. At a press conference Wednesday, Commerce Minister Wang Wentao highlighted China’s leadership at the recent 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) in Abu Dhabi. This high-level conference wrap…

China wants to be viewed as a developing world leader on trade issues.
At a press conference Wednesday, Commerce Minister Wang Wentao highlighted China's leadership at the recent 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) in Abu Dhabi.

This high-level conference wrap...

sources

The Paper: 王文涛部长出席十四届全国人大二次会议经济主题记者会就商务领域相关问题回答中外记者提问

March 8, 2024

Debit and credit

China is getting serious about carbon emissions accounting. Here’s how we know: Carbon accounting appears in both the Government Work Report and the macro planner’s (NDRC) work report this year. Last year, it only appeared in the NDRC report. This year’s NDRC report devotes significant space to t…

China is getting serious about carbon emissions accounting.
Here's how we know: Carbon accounting appears in both the Government Work Report and the macro planner's (NDRC) work report this year.

Last year, it only appeared in the NDRC report.

This year's NDRC report devotes significant space to t...

March 8, 2024

Four takeaways from Wang Yi’s foreign policy press conference

On Thursday morning, top diplomat Wang Yi held a press conference on China’s foreign policy. Here are four things we learned. On the US: China wants the US to do more to improve relations (MoFA 1). Wang acknowledged that US-China ties have improved since November’s Xi-Biden summit, but said that U…

On Thursday morning, top diplomat Wang Yi held a press conference on China’s foreign policy.

Here are four things we learned.

On the US: China wants the US to do more to improve relations (MoFA 1).
Wang acknowledged that US-China ties have improved since November’s Xi-Biden summit, but said that U...

sources

MoFA: 王毅：希望美方客观理性看待中国发展，言行一致把承诺落到实处

MoFA: 王毅谈中欧关系：希望中欧关系能一路绿灯

MoFA: 王毅：所有炎黄子孙和龙的传人都应共同反对“台独”，支持和平统一

MoFA: 王毅：中俄打造了不同于冷战旧时代的大国关系新范式

March 7, 2024

Keep it up, boys

Expect more renewables installations as China goes hard on the green transition this year. Premier Li Qiang’s Government Work Report (GWR) said China will: “Advance the energy revolution, tighten control over fossil fuels consumption, and work faster to develop a new energy system.” ICYMI: China …

Expect more renewables installations as China goes hard on the green transition this year.
Premier Li Qiang's Government Work Report (GWR) said China will:

"Advance the energy revolution, tighten control over fossil fuels consumption, and work faster to develop a new energy system."

ICYMI: China ...

March 7, 2024

Key policy advisor talks up affordable housing

The central government should spend more on affordable housing to support economic growth. That’s according to Meng Xiaosu, former chairman of state-owned China National Real Estate Development Group, in an interview published Monday (NBD). ICYDK: Meng headed an inter-ministerial task force on hou…

The central government should spend more on affordable housing to support economic growth.

That’s according to Meng Xiaosu, former chairman of state-owned China National Real Estate Development Group, in an interview published Monday (NBD).

ICYDK: Meng headed an inter-ministerial task force on hou...

sources

NBD: 利好政策不断出台楼市为何仍未见底？每经专访原国家房改课题组组长孟晓苏：加快完善“住房双轨制”，实现“市场归市场、保障归保障”

March 7, 2024

PBoC signals further RRR cuts in 2024

Further cuts to banks’ reserve requirements are likely this year, as monetary policy becomes more accommodative. That’s the message we took from central bank (PBoC) Governor Pan Gongsheng’s comments at a Wednesday press conference. Don’t get too excited: Pan made similar comments in January. Pan sai…

Further cuts to banks’ reserve requirements are likely this year, as monetary policy becomes more accommodative.
That’s the message we took from central bank (PBoC) Governor Pan Gongsheng’s comments at a Wednesday press conference.
Don’t get too excited: Pan made similar comments in January.
Pan sai...

sources

PBoC: 中国人民银行行长潘功胜出席十四届全国人大二次会议经济主题记者会

March 7, 2024

CSRC calls for more corporate dividends

The new head of China’s securities regulator (CSRC) wants A-share companies to increase dividend payouts. The latest: On Thursday, CSRC Chairman Wu Qing said his agency will (PBoC): “Encourage companies to pay dividends multiple times a year” “Take hard measures against companies that haven’t issue…

The new head of China's securities regulator (CSRC) wants A-share companies to increase dividend payouts.
The latest: On Thursday, CSRC Chairman Wu Qing said his agency will (PBoC):

“Encourage companies to pay dividends multiple times a year”
“Take hard measures against companies that haven’t issue...

sources

PBoC: 中国人民银行行长潘功胜出席十四届全国人大二次会议经济主题记者会

CSRC: 证监会就《上市公司监管指引第3号——上市公司现金分红（2023年修订）》等现金分红规范性文件公开征求意见

March 7, 2024

Chinese Jan-Feb Exports beat expectations

China’s exports started the year on a positive note. Per Thursday’s trade data released by the customs bureau, across January and February: Export value in USD terms grew 7.1% y/y, up from 3.2% growth in December Imports grew 3.5% y/y, up from 0.2% in December The trade surplus hit USD 125.2 billio…

China’s exports started the year on a positive note.
Per Thursday’s trade data released by the customs bureau, across January and February:

Export value in USD terms grew 7.1% y/y, up from 3.2% growth in December
Imports grew 3.5% y/y, up from 0.2% in December
The trade surplus hit USD 125.2 billio...

sources

CEIC: CEIC database

SCMP: China trade: exports start 2024 with better-than-expected 7.1% increase, fanning favourable forecasts

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