string(13) "markets-macro"

Macro

February 21, 2024

Cyberspace regulator approves fourth group of algorithm licenses

The AI age has arrived. On Sunday, the cyberspace regulator (CAC) released the fourth batch of “deep synthesis” algorithm licenses. Some context: In order to launch certain types of AI-driven tools, tech companies must apply to the CAC for an algorithm license. More context: This algorithm licensin… Username Password Remember Me Forgot Password

The AI age has arrived.
On Sunday, the cyberspace regulator (CAC) released the fourth batch of "deep synthesis" algorithm licenses.
Some context: In order to launch certain types of AI-driven tools, tech companies must apply to the CAC for an algorithm license.
More context: This algorithm licensin...

sources

CAC: 国家互联网信息办公室关于发布第四批深度合成服务算法备案信息的公告

February 21, 2024

Ministry of Finance tells state agencies not to engage in corruption with their data

Mo’ data, mo’ problems. On February 8, the Ministry of Finance (MoF) published a notice laying down rules and requirements for data asset management at public institutions. Some context: The state is preparing to push government bodies to systematically make approved government data available for us…

Mo’ data, mo’ problems.
On February 8, the Ministry of Finance (MoF) published a notice laying down rules and requirements for data asset management at public institutions.
Some context: The state is preparing to push government bodies to systematically make approved government data available for us...

sources

MoF: 关于加强行政事业单位数据资产管理的通知

21st Century Biz: 财政部发文推进行政事业单位数据资产管理，专家：体现稳健发展思路，形成引领示范

February 21, 2024

Xi calls for better coordination in science and tech policies

On Monday, Xi Jinping chaired the fourth meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR). Some context: The CCCDR is the Party’s most important policymaking body. In his address, Xi (yet again) reiterated that fixing China’s innovation system is critical for achieving…

On Monday, Xi Jinping chaired the fourth meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR).
Some context: The CCCDR is the Party's most important policymaking body.
In his address, Xi (yet again) reiterated that fixing China's innovation system is critical for achieving...

sources

MOE: 习近平主持召开中央全面深化改革委员会第四次会议

February 21, 2024

The diminishing utility of China’s credit data

To view as PDF, click here. With China’s economy struggling, credit growth remains a critical indicator for investors trying to anticipate China’s economic trajectory. However, recent policy initiatives have distorted the picture, making it increasingly difficult to tell how much new credit is being…

To view as PDF, click here.
With China’s economy struggling, credit growth remains a critical indicator for investors trying to anticipate China's economic trajectory.
However, recent policy initiatives have distorted the picture, making it increasingly difficult to tell how much new credit is being...

February 20, 2024

Reform outlook uncertain

The Chinese leadership is working on a new round of economic reforms. On Monday, the Party’s top policymaking body (CCCDR) held its first meeting since November. The readout said: “This year is another important year for comprehensively deepening reform;the main task is to plan further comprehensiv…

The Chinese leadership is working on a new round of economic reforms.
On Monday, the Party’s top policymaking body (CCCDR) held its first meeting since November.
The readout said:

"This year is another important year for comprehensively deepening reform;the main task is to plan further comprehensiv...

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 20, 2024

Warm fuzzies aren’t enough

Beijing wants Washington to make more effort. On Sunday, Public Security Minister Wang Xiaohong met with US Homeland Security Secretary Andrew Mayorkas in Vienna to discuss deepening law enforcement cooperation. Some context: Combatting fentanyl trafficking was a major deliverable agreed at the Xi-B…

Beijing wants Washington to make more effort.
On Sunday, Public Security Minister Wang Xiaohong met with US Homeland Security Secretary Andrew Mayorkas in Vienna to discuss deepening law enforcement cooperation.
Some context: Combatting fentanyl trafficking was a major deliverable agreed at the Xi-B...

sources

US Department of Homeland Security: Readout of Secretary Mayorkas’s Bilateral Meeting with People’s Republic of China State Councilor and Minister of Public Security Wang Xiaohong in Vienna, Austria

Gov.cn: China, U.S. agree to implement consensus of San Francisco summit

SCMP: China urges US to ‘stop harassing’ its students at the border ‘for no reason’

February 20, 2024

Peace of the puzzle

China’s close relationship with Russia is its Achilles heel in Europe. That perhaps explains why China’s top diplomat Wang Yi made time to meet with Ukraine’s Foreign Minister Dmytro Kuleba on the sidelines of the Munich Security Conference, on Saturday. Describing Ukraine as a partner and friend, W…

China's close relationship with Russia is its Achilles heel in Europe.
That perhaps explains why China's top diplomat Wang Yi made time to meet with Ukraine's Foreign Minister Dmytro Kuleba on the sidelines of the Munich Security Conference, on Saturday.
Describing Ukraine as a partner and friend, W...

sources

MoFA: 王毅会见乌克兰外长库列巴

Reuters: Ukrainian foreign minister discusses peace prospects with China's Wang Yi

Bloomberg: China’s Wang Says Time Isn’t Right to Talk Russia-Ukraine Peace

February 20, 2024

Golden bygone era

China and the UK want to improve ties. During his Friday meeting with British Foreign Secretary David Cameron on the sidelines of the Munich Security Conference, Wang Yi stressed: “[B]oth sides should make joint efforts to expand the convergence of interests…and bring China-UK relations back on t…

China and the UK want to improve ties.
During his Friday meeting with British Foreign Secretary David Cameron on the sidelines of the Munich Security Conference, Wang Yi stressed:

“[B]oth sides should make joint efforts to expand the convergence of interests...and bring China-UK relations back on t...

sources

MoFA: Wang Yi Meets with UK Foreign Secretary David Cameron

Gov.uk: Foreign Secretary's meeting with Chinese Foreign Minister Wang Yi, February 2024

February 20, 2024

(It’s not) fine by me

Beijing’s taking baby steps to improve the business environment. On Monday, the State Council issued 15 guidelines to standardize business-related fines. The guidelines were approved at a State Council meeting earlier this month. The guidelines aim to: Ensure the fines are rationally defined and …

Beijing's taking baby steps to improve the business environment.
On Monday, the State Council issued 15 guidelines to standardize business-related fines.

The guidelines were approved at a State Council meeting earlier this month.

The guidelines aim to:

Ensure the fines are rationally defined and ...

sources

Gov.cn: 国务院关于进一步规范和监督罚款设定与实施的指导意见

February 20, 2024

Shanghai leads the way

Shanghai is trailblazing improvements to the business environment. Some context: In November, Xi Jinping demanded Shanghai implement further liberalizing reforms. In January, the general offices of the Party Central Committee and the State Council jointly released an ambitious reform plan for the P…

Shanghai is trailblazing improvements to the business environment.
Some context: In November, Xi Jinping demanded Shanghai implement further liberalizing reforms.

In January, the general offices of the Party Central Committee and the State Council jointly released an ambitious reform plan for the P...

sources

Shanghai Gov: 上海市人民政府办公厅关于印发《上海市坚持对标改革持续打造国际一流营商环境行动方案》的通知

February 20, 2024

Instill confidence by learning from history

The Party wants its members to study history. On Monday, the Central Committee released Regulations on the Study and Education of Party History. The regs oblige Party members to routinely study – you guessed it – Party history. In a Q&A published online, an unnamed Party official explained tha…

The Party wants its members to study history.
On Monday, the Central Committee released Regulations on the Study and Education of Party History.

The regs oblige Party members to routinely study – you guessed it – Party history.

In a Q&A published online, an unnamed Party official explained tha...

sources

Xinhua: 中共中央印发《党史学习教育工作条例》

Xinhua: 为党史学习教育工作常态化长效化提供制度保证——中共中央党史和文献研究院负责人就《党史学习教育工作条例》答记者问

February 20, 2024

Drop it like it’s hot

On Tuesday, the benchmark mortgage rate declined by the biggest amount ever. That’s a clear sign that authorities are ramping up efforts to support growth. The deets: On Tuesday, the People’s Bank of China (PBoC) released monthly loan prime rates (LPRs). The five-year LPR – the benchmark against w…

On Tuesday, the benchmark mortgage rate declined by the biggest amount ever.
That's a clear sign that authorities are ramping up efforts to support growth.
The deets: On Tuesday, the People’s Bank of China (PBoC) released monthly loan prime rates (LPRs).

The five-year LPR – the benchmark against w...

sources

PBoC: 2024年2月20日全国银行间同业拆借中心受权公布贷款市场报价利率（LPR）公告

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