string(13) "markets-macro"

Macro

April 11, 2025

SAMR releases standard for individual seller account management

What happened: On April 9, China’s market regulator (SAMR) released a new industry standard covering oversight of online micro-shops. Some context: Individual online sellers that are only casually engaged in digital trading can sign up for e-commerce platforms with a special type of low-barrier-to-… Username Password Remember Me Forgot Password

What happened: On April 9, China's market regulator (SAMR) released a new industry standard covering oversight of online micro-shops.
Some context: Individual online sellers that are only casually engaged in digital trading can sign up for e-commerce platforms with a special type of low-barrier-to-...

sources

Gov.cn: 市场监管总局发布首个行业标准《自然人网店管理规范》

Xinhua: 自然人网店管理新规出台

April 11, 2025

Beijing raises tariffs one more time, labels the US “a joke”

On Friday, the State Council Customs Tariff Commission increased tariffs on US imports by a further 41%. How we got here: Tit-for-tat on steroids. Donald Trump kicked off the fun and games with two rounds of 10% tariffs on Chinese imports in February and March, over Beijing’s alleged role in fentan…

On Friday, the State Council Customs Tariff Commission increased tariffs on US imports by a further 41%.
How we got here: Tit-for-tat on steroids.

Donald Trump kicked off the fun and games with two rounds of 10% tariffs on Chinese imports in February and March, over Beijing’s alleged role in fentan...

sources

MoF: 国务院关税税则委员会关于调整对原产于美国的进口商品加征关税措施的公告

April 11, 2025

EU extends olive branch to Beijing amid Trump tariff storm

The EU and China are ramping up bilateral engagement amidst Donald Trump’s tariff storm. On Friday, the SCMP reported that EU leaders are planning to visit Beijing in late July for the 25th EU-China Summit. Some context: EU-China summits traditionally alternate between Brussels and Beijing. Since t…

The EU and China are ramping up bilateral engagement amidst Donald Trump's tariff storm.
On Friday, the SCMP reported that EU leaders are planning to visit Beijing in late July for the 25th EU-China Summit.
Some context: EU-China summits traditionally alternate between Brussels and Beijing.

Since t...

sources

SCMP: Exclusive | EU leaders plan trip to Beijing in July for summit with Xi Jinping

FT: Xi Jinping snubs EU-China anniversary summit

Reuters: EU, China will look into setting minimum prices on electric vehicles, EU says

April 11, 2025

Wang Wentao talks up free trade with counterparts around the world

Commerce Minister Wang Wentao has had a busy few days. Following a call to his EU counterpart earlier in the week, Wang spent Thursday phoning up other prominent trade partners, including: Malaysian Trade Minister Zafrul Aziz Saudi Commerce Minister Majid bin Abdullah al-Qasabi South African Minist…

Commerce Minister Wang Wentao has had a busy few days.
Following a call to his EU counterpart earlier in the week, Wang spent Thursday phoning up other prominent trade partners, including:

Malaysian Trade Minister Zafrul Aziz
Saudi Commerce Minister Majid bin Abdullah al-Qasabi
South African Minist...

sources

MofCom: 王文涛部长与东盟轮值主席国、马来西亚贸工部长扎夫鲁视频通话

MofCom: 王文涛部长与沙特商务大臣卡斯比视频通话

Reuters: China speaks with Saudi Arabia, South Africa about response to US tariffs

April 11, 2025

China signals faster rollout of export control rules

What happened: On April 9-10, the Ministry of Commerce (MofCom) held its annual export control conference in Beijing. This year’s meeting was held earlier than usual, as last year’s was in September. The key quote: “In the face of the current complex and challenging international landscape,…

What happened: On April 9-10, the Ministry of Commerce (MofCom) held its annual export control conference in Beijing.

This year’s meeting was held earlier than usual, as last year’s was in September.

The key quote:

“In the face of the current complex and challenging international landscape,...

sources

MofCom: 2025年全国出口管制工作会议在京召开

April 11, 2025

China says 125% tariff will hit US-origin chips

On April 11, the China Semiconductor Industry Association (CSIA) revealed China’s 125% retaliatory tariffs will hit US-manufactured semiconductor chips. Some context: There are two stages to chip manufacturing – fabrication and packaging. Fabrication refers to the process of creating chip devices …

On April 11, the China Semiconductor Industry Association (CSIA) revealed China's 125% retaliatory tariffs will hit US-manufactured semiconductor chips.
Some context: There are two stages to chip manufacturing – fabrication and packaging.

Fabrication refers to the process of creating chip devices ...

sources

CSIA: 关于半导体产品“原产地”认定规则的紧急通知

April 11, 2025

On Our Radar | Waiting for stimulus

The most important upcoming developments for policy and politics in China over the next month key developments econ and finance Politburo economic meeting (late April) foreign affairs Xi Jinping’s packed travel schedule (April-May) business environment Xi Jinping to solicit experts’ input into …

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

Politburo economic meeting (late April)

foreign affairs

Xi Jinping’s packed travel schedule (April-May)

business environment

Xi Jinping to solicit experts’ input into ...

April 11, 2025

Podcast | US-China tariff dumpster fire

In this week’s Trivium China podcast, Trivium co-founders Andrew Polk and Trey McArver unpack the whirlwind tariff tit-for-tat between the US and China over the past week. The two discuss: Whether we are now locked in an unstoppable escalatory spiral Possible off-ramps for de-escalation How each si…

In this week’s Trivium China podcast, Trivium co-founders Andrew Polk and Trey McArver unpack the whirlwind tariff tit-for-tat between the US and China over the past week.
The two discuss:

Whether we are now locked in an unstoppable escalatory spiral
Possible off-ramps for de-escalation
How each si...

April 11, 2025

CAC offers clarifications on data export regime

What happened: On April 9, the cyberspace administration (CAC) issued an official Q&A clarifying several issues related to China’s data export regime. The Q&A is intended to address confusion among foreign companies about cross-border data transfer compliance. First: If a company has mult…

What happened: On April 9, the cyberspace administration (CAC) issued an official Q&A clarifying several issues related to China's data export regime.

The Q&A is intended to address confusion among foreign companies about cross-border data transfer compliance.

First: If a company has mult...

sources

CAC: 数据出境安全管理政策问答（2025年4月）

April 11, 2025

MofCom drops hints on China’s position re:TikTok

What happened: China’s Ministry of Commerce (MofCom) once again dropped vague hints about China’s position on a potential TikTok deal. In a press release on April 9, MofCom officials stated: “Chinese government has always … opposed practices that ignore the laws of the market economy, plunder, an…

What happened: China's Ministry of Commerce (MofCom) once again dropped vague hints about China's position on a potential TikTok deal. In a press release on April 9, MofCom officials stated:

"Chinese government has always ... opposed practices that ignore the laws of the market economy, plunder, an...

sources

Wallstreet.cn: 商务部新闻发言人就美方发布TikTok延期行政令答记者问

April 10, 2025

LGFV defaults on commercial paper decline

Local government debt conditions have shown signs of modest improvement. In January and February, the number of local government financing vehicles (LGFVs) with repeated defaults on Commercial Acceptance Drafts (CADs) fell to 82 and 81, respectively – down from a peak of 88 in December. Refresher: C…

Local government debt conditions have shown signs of modest improvement.
In January and February, the number of local government financing vehicles (LGFVs) with repeated defaults on Commercial Acceptance Drafts (CADs) fell to 82 and 81, respectively – down from a peak of 88 in December.
Refresher: C...

sources

SHCPE: 截至2025年2月28日承兑人逾期名单

SHCPE: 截至2025年1月31日承兑人逾期名单

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