string(13) "markets-macro"

Macro

February 8, 2024

Flash talk | Will it be a happy Lunar New Year for stocks and property?

The news cycle is winding down as China prepares for the Lunar New Year holiday, which kicks off on Friday. But two issues continue to vex economic policymakers: the stock market and the housing market. In their latest flash talk, Trivium Co-founder Andrew Polk and Head of China Markets Research Din… Username Password Remember Me… Read More »

The news cycle is winding down as China prepares for the Lunar New Year holiday, which kicks off on Friday. But two issues continue to vex economic policymakers: the stock market and the housing market.
In their latest flash talk, Trivium Co-founder Andrew Polk and Head of China Markets Research Din...

February 8, 2024

The third US-China Economic Working Group readout was a snoozefest

Mouths are moving, but nothing’s happening. On Monday and Tuesday, the US and China Economic Working Group (EWG) held their third meeting in Beijing. Some context: The working group was announced in September and set up during Treasury Secretary Yellen’s July trip to Beijing. The…

Mouths are moving, but nothing's happening.
On Monday and Tuesday, the US and China Economic Working Group (EWG) held their third meeting in Beijing.
Some context: The working group was announced in September and set up during Treasury Secretary Yellen’s July trip to Beijing.

The...

sources

US Treasury: READOUT: Third Meeting of the Economic Working Group Between the United States and the People’s Republic of China February 6, 2024

36kr: 中美经济工作组举行第三次会议

February 8, 2024

Huawei reportedly plans to collab with SMIC on a 5nm chip

On Wednesday, FT reported that Huawei and semiconductor giant SMIC will collaborate to create smartphone chips using a 5nm process. Background: In August, Huawei made geopolitical waves when it released a phone containing a 7nm chip manufactured by SMIC. Before the phone was released, China was not…

On Wednesday, FT reported that Huawei and semiconductor giant SMIC will collaborate to create smartphone chips using a 5nm process.
Background: In August, Huawei made geopolitical waves when it released a phone containing a 7nm chip manufactured by SMIC.

Before the phone was released, China was not...

sources

FT: China on cusp of next-generation chip production despite US curbs

February 8, 2024

Chinese hardware maker Lenovo signs UNESCO AI pledge

Companies are responsible for ethical AI, too. On Tuesday, eight organizations – including Chinese hardware maker Lenovo – signed a pledge to commit to UNESCO’s Recommendation’s on the Ethics of Artificial Intelligence. Some context: UNESCO’s recommendations were adopted by all 193 member states in …

Companies are responsible for ethical AI, too.
On Tuesday, eight organizations – including Chinese hardware maker Lenovo – signed a pledge to commit to UNESCO’s Recommendation’s on the Ethics of Artificial Intelligence.
Some context: UNESCO’s recommendations were adopted by all 193 member states in ...

sources

UNESCO: AI Ethics: 8 global tech companies commit to apply to UNESCO’s Recommendation

February 7, 2024

Dressed for distress

China’s financial regulator (NFRA) plans to ramp up banks’ disposal of nonperforming loans (NPLs) this year. That’s our reading of recent NFRA comments. Following its 2024 work conference on January 30, the NFRA ranked “increasing the disposal” of NPLs as its number 2 goal for the year. ICYDK, th…

China’s financial regulator (NFRA) plans to ramp up banks’ disposal of nonperforming loans (NPLs) this year.

That’s our reading of recent NFRA comments.

Following its 2024 work conference on January 30, the NFRA ranked “increasing the disposal” of NPLs as its number 2 goal for the year.

ICYDK, th...

sources

NFRA: 国家金融监督管理总局召开2024年工作会议

NFRA: 国新办“金融服务经济社会高质量发展”新闻发布会现场实录

NFRA: 国家金融监督管理总局党委召开扩大会议传达学习贯彻省部级主要领导干部研讨班精神

February 7, 2024

When property developers give you lemons…

There are too many lemons among China’s property developers, and it’s scaring banks away. So says a commentary in state-owned newspaper Yicai, published on Tuesday. ICYMI: China’s 343 municipal governments are developing whitelists of real estate projects for which banks should expedite credit app…

There are too many lemons among China's property developers, and it's scaring banks away.

So says a commentary in state-owned newspaper Yicai, published on Tuesday.

ICYMI: China’s 343 municipal governments are developing whitelists of real estate projects for which banks should expedite credit app...

sources

Yicai: 一财社论：房地产项目白名单应防范柠檬化

February 7, 2024

Shooting the messenger

On Wednesday, Xinhua reported that Wu Qing is replacing Yi Huiman as chairman of the securities regulator (CSRC). The timing of the move is particularly notable, given that officials – led by Yi – have been firing-fighting to support domestic equity markets for months now. What’s more, Yi hasn’t ye…

On Wednesday, Xinhua reported that Wu Qing is replacing Yi Huiman as chairman of the securities regulator (CSRC).

The timing of the move is particularly notable, given that officials – led by Yi – have been firing-fighting to support domestic equity markets for months now.
What's more, Yi hasn't ye...

sources

Xinhua: 中国证监会主要领导调整

February 7, 2024

Opaque but clean

Premier Li Qiang wants to run a cleaner government – but he’s tight-lipped about how. Publicly, at least. On Monday, Li chaired the State Council’s annual clean government work conference. ICYDK: The premier typically holds this conference shortly after the Two Sessions in March to promote anti-co…

Premier Li Qiang wants to run a cleaner government – but he's tight-lipped about how.

Publicly, at least.

On Monday, Li chaired the State Council’s annual clean government work conference.
ICYDK: The premier typically holds this conference shortly after the Two Sessions in March to promote anti-co...

sources

CCTV: [视频]李强在国务院第二次廉政工作会议上强调深入学习贯彻习近平总书记关于党的自我革命的重要思想纵深推进政府党风廉政建设和反腐败斗争

February 7, 2024

Good seeds, good machines

Beijing has a new approach to bolstering food security: Boosting yields – a measure of crop output per area. The 2024 No. 1 Document – the Party Central Committee and the State Council’s annual rural policy guidance that dropped on Sunday – puts farm productivity front and center of food security ef…

Beijing has a new approach to bolstering food security: Boosting yields – a measure of crop output per area.
The 2024 No. 1 Document – the Party Central Committee and the State Council's annual rural policy guidance that dropped on Sunday – puts farm productivity front and center of food security ef...

sources

Gov.cn: 中共中央国务院关于学习运用“千村示范、万村整治”工程经验有力有效推进乡村全面振兴的意见

February 7, 2024

All in

Improving the business environment is the talk of the town in Beijing. Quick recap: At a State Council meeting on Friday, Premier Li Qiang told officials to continue building an “international first-class” business environment. On the same day, Minister of Commerce Wang Wentao bragged that official…

Improving the business environment is the talk of the town in Beijing.
Quick recap: At a State Council meeting on Friday, Premier Li Qiang told officials to continue building an "international first-class” business environment.

On the same day, Minister of Commerce Wang Wentao bragged that official...

sources

Gov.cn: 有关部门负责同志介绍优化营商环境相关情况：切实解决企业痛点难点卡点问题，将着力做到“五个更好”

Caixin: 2024年如何优化营商环境？完善制度规则、整治突出问题

February 7, 2024

It’s the economy, bèndàn

Premier Li Qiang has the economy and technology on his mind – much more than his predecessor Li Keqiang did during the same period of his second term in office. That’s our conclusion from examining Li’s domestic itinerary since he took over the premiership in March. Some context: The premier often g…

Premier Li Qiang has the economy and technology on his mind – much more than his predecessor Li Keqiang did during the same period of his second term in office.
That's our conclusion from examining Li's domestic itinerary since he took over the premiership in March.
Some context: The premier often g...

February 7, 2024

Navigating the scientific frontier by feeling the stones

If we haven’t yet figured out what’s legal, we at least ought to have a sense of right and wrong. On Friday, the Ministry of Science and Technology (MoST) published two sets of ethical guidelines covering practical research in: Brain-computer interfaces (BCI) – technologies that collect, analyze, a…

If we haven’t yet figured out what’s legal, we at least ought to have a sense of right and wrong.
On Friday, the Ministry of Science and Technology (MoST) published two sets of ethical guidelines covering practical research in:

Brain-computer interfaces (BCI) – technologies that collect, analyze, a...

sources

Ministry of Science and Technology: 《脑机接口研究伦理指引》和《人—非人动物嵌合体研究伦理指引》发布

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