string(13) "markets-macro"

Macro

February 23, 2024

When I move, you move (just like that)

The NEV price war is back in full force. BYD kicked off the Year of the Dragon in fiery fashion, cutting 20% off the price of two hybrid models on February 17. That brought them down to just RMB 79,900. Immediately afterward, Nezha (Neta) slashed the price of its electric model X by 18% to… Read More »

The NEV price war is back in full force.
BYD kicked off the Year of the Dragon in fiery fashion, cutting 20% off the price of two hybrid models on February 17.

That brought them down to just RMB 79,900.

Immediately afterward, Nezha (Neta) slashed the price of its electric model X by 18% to RMB 99,...

sources

The Paper: 新能源车“血战”10万元级：比亚迪降价2万，五菱、长安、哪吒跟进

February 23, 2024

Biden issues executive order on cybersecurity threats by China-made cranes

The US just struck another blow against a major Chinese company. On Wednesday, the Biden Administration issued an Executive Order (EO) designed to improve security at US ports. Among other things, the EO instructs the US Coast Guard to issue a security directive to address cybersecurity threats fr…

The US just struck another blow against a major Chinese company.
On Wednesday, the Biden Administration issued an Executive Order (EO) designed to improve security at US ports.

Among other things, the EO instructs the US Coast Guard to issue a security directive to address cybersecurity threats fr...

sources

White House: Executive Order on Amending Regulations Relating to the Safeguarding of Vessels, Harbors, Ports, and Waterfront Facilities of the United States

White House: FACT SHEET: Biden-⁠Harris Administration Announces Initiative to Bolster Cybersecurity of U.S. Ports

FT: White House moves to defend US ports from Chinese cyber threat

House.gov: CHAIRMEN GREEN, GALLAGHER SLAM DHS’S SILENCE, DEMAND ANSWERS ON THREATS POSED BY CHINESE-MANUFACTURED CRANES AT U.S. PORTS

February 23, 2024

CAC releases 2024 work plan for digital literacy

On Wednesday, the CAC and three other agencies released a work plan to boost China’s digital literacy in 2024. The plan: This year, the CAC, the Ministry of Education (MoE), the labor regulator (MoHRSS), and the industrial ministry (MIIT) will join forces to prioritize: Cultivating highly skilled …

On Wednesday, the CAC and three other agencies released a work plan to boost China's digital literacy in 2024.
The plan: This year, the CAC, the Ministry of Education (MoE), the labor regulator (MoHRSS), and the industrial ministry (MIIT) will join forces to prioritize:

Cultivating highly skilled ...

sources

CAC: 中央网信办等四部门印发《2024年提升全民数字素养与技能工作要点》

February 23, 2024

CAS op-ed calls for better export control countermeasures

China needs to come up with better ways to counter US export controls. That’s the message from an essay published Wednesday in the journal of the Chinese Academy of Sciences (CAS). Some context: CAS is one of China’s top scientific think tanks. It also oversees a portfolio of basic research instit…

China needs to come up with better ways to counter US export controls.
That's the message from an essay published Wednesday in the journal of the Chinese Academy of Sciences (CAS).
Some context: CAS is one of China's top scientific think tanks.

It also oversees a portfolio of basic research instit...

sources

CAS: 国外技术出口管制动向与应对策略研究

February 23, 2024

SASAC tells state-owned companies to get on the AI bandwagon

There’s not enough AI FOMO at China’s state-owned enterprises (SOEs). On Monday, the state-owned assets manager (SASAC) convened a meeting with representatives of SOEs to talk about the power of AI. The key message: SOEs need to jump on the AI bandwagon stat, or risk getting left behind. Some cont…

There's not enough AI FOMO at China's state-owned enterprises (SOEs).
On Monday, the state-owned assets manager (SASAC) convened a meeting with representatives of SOEs to talk about the power of AI.
The key message: SOEs need to jump on the AI bandwagon stat, or risk getting left behind.
Some cont...

sources

The Paper: 10家央企签订倡议书：将主动向社会开放人工智能应用场景

February 22, 2024

This land is your land

Strict farmland quotas stifle economic development. That was Xi Jinping’s message at Monday’s meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR) – the Party’s top policymaking body. Per the big man: “[We must] improve the land management system so it better connects wit…

Strict farmland quotas stifle economic development.
That was Xi Jinping's message at Monday's meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR) – the Party's top policymaking body.
Per the big man:

"[We must] improve the land management system so it better connects wit...

sources

Gov.cn: 习近平主持召开中央全面深化改革委员会第四次会议

21st Century Biz: 21解读丨中央深改委会议强调增强优势地区土地要素保障，有利于化解东部沿海用地制约问题

February 22, 2024

Legislating support for the private sector

The legislature is throwing its weight behind China’s private sector support campaign. On Wednesday, the legislature’s (NPCSC) legislative affairs commission, along with the justice ministry (MoJ) and macro planner (NDRC), convened a symposium with private sector representatives and scholars to disc…

The legislature is throwing its weight behind China's private sector support campaign.
On Wednesday, the legislature's (NPCSC) legislative affairs commission, along with the justice ministry (MoJ) and macro planner (NDRC), convened a symposium with private sector representatives and scholars to disc...

sources

People.cn: 民营经济促进法起草工作已经启动

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

February 22, 2024

Party inspectors focus on policy implementation

The Party is beefing up its capacity to keep officials on task. On Wednesday, the Party Central Committee published revised regulations on inspection work. ICYMI: Starting in 2012, Xi Jinping revamped the Party inspection apparatus, transforming it into a powerful weapon in the now-institutionalized…

The Party is beefing up its capacity to keep officials on task.
On Wednesday, the Party Central Committee published revised regulations on inspection work.
ICYMI: Starting in 2012, Xi Jinping revamped the Party inspection apparatus, transforming it into a powerful weapon in the now-institutionalized...

sources

CCDI: 党的十八大以来中央巡视工作综述

CCDI: 中共中央印发《中国共产党巡视工作条例》

February 22, 2024

Easier on the wallet

Going green is about to get a whole lot cheaper. On Monday, the Party’s top policymaking body (CCCDR) approved guidelines on “greening society and the economy”. The guidelines lay out priority areas for green transition: Industry, energy, and transportation Energy conservation Promoting green lifes…

Going green is about to get a whole lot cheaper.
On Monday, the Party’s top policymaking body (CCCDR) approved guidelines on "greening society and the economy".
The guidelines lay out priority areas for green transition:

Industry, energy, and transportation
Energy conservation
Promoting green lifes...

sources

Gov.cn: 习近平主持召开中央全面深化改革委员会第四次会议强调：增强土地要素对优势地区高质量发展保障能力进一步提升基层应急管理能力

February 22, 2024

Looking out for number one

China’s “no limits” partnership with Russia has, erm, limits. Three of China’s largest banks have stopped accepting payments from Russian financial institutions sanctioned by the US and its allies, according to a report from Russian newspaper Izvestia (Newsweek). The details: The banks – Industrial …

China’s “no limits” partnership with Russia has, erm, limits.
Three of China's largest banks have stopped accepting payments from Russian financial institutions sanctioned by the US and its allies, according to a report from Russian newspaper Izvestia (Newsweek).
The details: The banks – Industrial ...

sources

Newsweek: Russia Suffers Major Chinese Blow

Pekingnology: Chinese banks scrutinize trade payments from Russia: report

Izvestia: Комиссия без перевода: три крупнейших банка КНР перестали принимать платежи из РФ

US Treasury: Statement from Secretary Yellen on President Biden’s Executive Order Taking Additional Steps With Respect to Russia’s Harmful Activities

CNBC: ‘China has a lot more to lose’: U.S. considering sanctioning Chinese firms aiding Russia’s war

CNBC: European Union is considering sanctions on Chinese firms for aiding Russia’s war machine

Ukrainian National Agency on Corruption Prevention: INTERNATIONAL SPONSORS OF WAR

Vedomosti: Главный для российских импортеров банк Китая остановил все расчеты с РФ

February 22, 2024

It’s raining yuan

The cash is starting to flow to whitelisted housing projects. Some context: In mid-January, the central government instructed local officials to develop whitelists of unfinished projects for which banks should expedite credit approvals. The goal is to increase cash flow for projects facing temporar…

The cash is starting to flow to whitelisted housing projects.
Some context: In mid-January, the central government instructed local officials to develop whitelists of unfinished projects for which banks should expedite credit approvals.

The goal is to increase cash flow for projects facing temporar...

sources

MoHURD: 住房城乡建设部召开视频调度会议推动城市房地产融资协调机制加快落地见效

February 22, 2024

National Data Administration teams up with Ministry of Civil Affairs to tackle aging population

We’re starting to get a better sense of the new National Data Administration’s (NDA) role in China’s data governance ecosystem. On January 23, the NDA and the Ministry of Civil Affairs (MCA) launched a pilot program to enable better access to healthcare services for the elderly. ICYDK: China i…

We’re starting to get a better sense of the new National Data Administration’s (NDA) role in China's data governance ecosystem.
On January 23, the NDA and the Ministry of Civil Affairs (MCA) launched a pilot program to enable better access to healthcare services for the elderly.
ICYDK: China i...

sources

Gov.cn: 民政部国家数据局关于组织开展基本养老服务综合平台试点的通知

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