string(13) "markets-macro"

Macro

February 26, 2024

So far, so good

The State Council thinks efforts to deal with local government debt challenges are going well. Following a routine meeting on Friday, the State Council said: “Overall, local debt risks have been alleviated, laying a solid foundation for the next stage of work.” What does the next stage invol… Username Password Remember Me Forgot… Read More »

The State Council thinks efforts to deal with local government debt challenges are going well.
Following a routine meeting on Friday, the State Council said:

“Overall, local debt risks have been alleviated, laying a solid foundation for the next stage of work.”

What does the next stage invol...

sources

State Council: 李强主持召开国务院常务会议听取2023年国务院部门办理全国人大代表建议和全国政协提案工作情况汇报等

February 24, 2024

Tech companies weigh in on Private Economy Promotion Law

On Wednesday, policymakers officially started drafting the Private Economy Promotion Law. To kick off the drafting process, they organized a symposium with representatives of eight major Chinese companies to get the private sector’s thoughts on what issues the law must address. How we got here: …

On Wednesday, policymakers officially started drafting the Private Economy Promotion Law.

To kick off the drafting process, they organized a symposium with representatives of eight major Chinese companies to get the private sector's thoughts on what issues the law must address.

How we got here:

...

sources

21st Century Biz: 为民营经济促进法立法建言八位民营企业家亮相司法部新春第一会

Caixin: 民营经济促进法起草工作已启动全国工商联课题组提交建议稿

SCMP: China starts drafting bill to boost private sector and tackle sluggish post-Covid economy following major setbacks

February 24, 2024

NPC committee responds to proposals on Public Interest Litigation Law

The legal system will soon support an increased use of Public Interest Litigation (PIL). How we know: In January, one of the legislature’s (NPC) many committees confirmed that two new laws – a Procuratorial Public Interest Litigation Law and a separate Public Interest Litigation Law – are still high…

The legal system will soon support an increased use of Public Interest Litigation (PIL).
How we know: In January, one of the legislature's (NPC) many committees confirmed that two new laws – a Procuratorial Public Interest Litigation Law and a separate Public Interest Litigation Law – are still high...

sources

NPC: 全国人民代表大会宪法和法律委员会关于第十四届全国人民代表大会第一次会议主席团交付审议的代表提出的议案审议结果的报告

SPP: 马怀德：制定检察公益诉讼法具有现实性和紧迫性

February 24, 2024

NPC committee responds to proposal on Online Litigation Law

An Online Litigation Law will be a long time coming. That’s the message from the Constitution and Law Committee’s annual report in response to legislative proposals, released in January. Legislative recap: At each year’s Two Sessions, delegates from China’s legislature (NPC) have an opportunity …

An Online Litigation Law will be a long time coming.

That's the message from the Constitution and Law Committee's annual report in response to legislative proposals, released in January.

Legislative recap: At each year's Two Sessions, delegates from China's legislature (NPC) have an opportunity ...

sources

NPC: 全国人民代表大会宪法和法律委员会关于第十四届全国人民代表大会第一次会议主席团交付审议的代表提出的议案审议结果的报告

NPC: 人民法院在线诉讼规则

February 24, 2024

NPC committee responds to proposal on Cybersecurity Law

Chinese legislators are advocating for clearer cybersecurity rules. How we know: We just finished reading though the Constitution and Law Committee’s review of delegate proposals submitted during the 2023 Two Sessions. Legislative recap: At each year’s Two Sessions, delegates from China’s legislat…

Chinese legislators are advocating for clearer cybersecurity rules.
How we know: We just finished reading though the Constitution and Law Committee's review of delegate proposals submitted during the 2023 Two Sessions.
Legislative recap: At each year's Two Sessions, delegates from China's legislat...

sources

NPC: 全国人民代表大会宪法和法律委员会关于第十四届全国人民代表大会第一次会议主席团交付审议的代表提出的议案审议结果的报告

February 23, 2024

Flash talk | Industrial overcapacity and the logic of the 5-year LPR reduction

Trivium co-founder Andrew Polk is taking a much needed break in the Appalachians, so in this week’s Flash Talk head of China Markets Research, Dinny McMahon, gets together with Cory Combs, associate director for energy and industry research, to talk overcapacity. Industrial overcapacity has come roa…

Trivium co-founder Andrew Polk is taking a much needed break in the Appalachians, so in this week's Flash Talk head of China Markets Research, Dinny McMahon, gets together with Cory Combs, associate director for energy and industry research, to talk overcapacity.
Industrial overcapacity has come roa...

February 23, 2024

CSWD holds first national meeting

The Party’s newly established Central Social Work Department (CSWD) convened its first national meeting on Thursday. The CSWD leadership, including the department’s head, Wu Hansheng, as well as heads of all provincial and sub-provincial level social work departments, participated. ICYDK: The CSWD…

The Party’s newly established Central Social Work Department (CSWD) convened its first national meeting on Thursday.

The CSWD leadership, including the department's head, Wu Hansheng, as well as heads of all provincial and sub-provincial level social work departments, participated.

ICYDK: The CSWD...

sources

Xinhua: 中央社会工作部：努力实现良好开局推进社会工作高质量发展

NPCPA: 努力实现良好开局起步推进社会工作高质量发展--全国社会工作部部长、信访局局长座谈会召开

February 23, 2024

Give peace a chance

Beijing still holds out hope for peaceful reunification with Taiwan. The Party held its annual Taiwan Affairs Work Conference (TAWC) on Thursday and Friday. This year’s TAWC was highly anticipated: People were keen to see if the mainland would adjust its approach to cross-strait ties following the T…

Beijing still holds out hope for peaceful reunification with Taiwan.
The Party held its annual Taiwan Affairs Work Conference (TAWC) on Thursday and Friday.
This year’s TAWC was highly anticipated: People were keen to see if the mainland would adjust its approach to cross-strait ties following the T...

sources

Xinhua: 2024年对台工作会议在京召开王沪宁出席并讲话

February 23, 2024

Show me the money

The central government is stumping up some cash to help private companies. On Sunday, the macro planner (NDRC) published draft rules for a new fund that will give cash to 20 prefecture-level cities annually to pay for major public works with private sector help. The NDRC didn’t disclose the fund’s …

The central government is stumping up some cash to help private companies.
On Sunday, the macro planner (NDRC) published draft rules for a new fund that will give cash to 20 prefecture-level cities annually to pay for major public works with private sector help.

The NDRC didn't disclose the fund's ...

sources

NDRC: 关于《民间投资引导专项中央预算内投资管理暂行办法（征求意见稿）》公开征求意见的公告

February 23, 2024

L(o)NG awaited return to growth

After a sharp drop in 2022, China’s liquefied natural gas (LNG) imports rebounded and resumed their growth in 2023. According to recent data from the customs bureau, China’s LNG imports grew by 12.6% y/y in 2023. This helped the country regain its position as the world’s largest LNG importer, a tit…

After a sharp drop in 2022, China's liquefied natural gas (LNG) imports rebounded and resumed their growth in 2023.
According to recent data from the customs bureau, China’s LNG imports grew by 12.6% y/y in 2023.

This helped the country regain its position as the world's largest LNG importer, a tit...

sources

Jiemian: 反超日本，中国再次成为全球最大LNG进口国

February 23, 2024

Cooling off

The foreign exchange regulator’s (SAFE) foreign direct investment (FDI) figures for 2023, published Sunday, paint a bleak picture. The headline: FDI into China across the year totaled USD 33 billion, the lowest rate in two decades – with FDI down 82% y/y (Bloomberg). But the figures are misleading. …

The foreign exchange regulator's (SAFE) foreign direct investment (FDI) figures for 2023, published Sunday, paint a bleak picture.
The headline: FDI into China across the year totaled USD 33 billion, the lowest rate in two decades – with FDI down 82% y/y (Bloomberg).
But the figures are misleading.
...

sources

MofCom: 2023年全国吸收外资1.1万亿元人民币

Bloomberg: Foreign Direct Investment to China Slumps to 30 Year Low

February 23, 2024

The money’s in place

The central government has fully allocated the RMB 1 trillion in treasury bonds it issued late last year for disaster relief and prevention. Just before the Lunar New Year holiday, the macro planner (NDRC) approved the third and final batch of projects to receive funding from the bonds. ICYDK: In …

The central government has fully allocated the RMB 1 trillion in treasury bonds it issued late last year for disaster relief and prevention.

Just before the Lunar New Year holiday, the macro planner (NDRC) approved the third and final batch of projects to receive funding from the bonds.

ICYDK: In ...

sources

MoF: 财政部提前通知地方增发2023年国债第三批项目预算1975亿元

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