string(13) "markets-macro"

Macro

February 1, 2024

Aaaaand, we’re off!

China’s policy banks have started distributing loans for urban village upgrading. On Tuesday, several cities reported they received loans from China Development Bank and Agricultural Development Bank of China (Caixin). Guangzhou has received RMB 1.5 billion, part of an RMB 142.6 billion credit lin… Username Password Remember Me Forgot Password

China’s policy banks have started distributing loans for urban village upgrading.

On Tuesday, several cities reported they received loans from China Development Bank and Agricultural Development Bank of China (Caixin).

Guangzhou has received RMB 1.5 billion, part of an RMB 142.6 billion credit lin...

sources

Caixin: 多地官宣获得全国首批城中村改造专项借款广州获得授信额度1426亿元

February 1, 2024

Making risk less risky

Beijing wants to make sure insurance companies are doing their part for innovation. On Monday, the financial regulator (NFRA) released a policy requiring property insurance companies to report statistics on how much sci-tech insurance they are issuing to tech companies. Some context: “Sci-tech insur…

Beijing wants to make sure insurance companies are doing their part for innovation.
On Monday, the financial regulator (NFRA) released a policy requiring property insurance companies to report statistics on how much sci-tech insurance they are issuing to tech companies.
Some context: "Sci-tech insur...

sources

Gov.cn: 国家金融监督管理总局办公厅关于印发科技保险业务统计制度的通知

February 1, 2024

Flash Talk | China Politics Update: Speculation of a new foreign minister

In this bi-weekly Politics Flash Talk, Trivium co-founders Andrew Polk and Trey McArver dive deep into how policymaking unfolds in China. They discuss: Speculation of a new minister of foreign affairs The workings of Beijing’s foreign policy and who really calls the shots The State Council’s review…

In this bi-weekly Politics Flash Talk, Trivium co-founders Andrew Polk and Trey McArver dive deep into how policymaking unfolds in China. They discuss:

Speculation of a new minister of foreign affairs
The workings of Beijing’s foreign policy and who really calls the shots
The State Council's review...

February 1, 2024

Don’t mess with Texas

A message from Captain Obvious: Bifurcating a cross-border digital platform is hard. On Tuesday, WSJ reported that TikTok’s Project Texas initiative has run into severe implementation issues. Recap: Project Texas is an internal initiative launched by TikTok in response to US data security concern…

A message from Captain Obvious: Bifurcating a cross-border digital platform is hard.
On Tuesday, WSJ reported that TikTok’s Project Texas initiative has run into severe implementation issues.
Recap: Project Texas is an internal initiative launched by TikTok in response to US data security concern...

sources

WSJ: TikTok Struggles to Protect U.S. Data From Its China Parent

Source: CEOs of Meta, TikTok, X and other social media companies testify in Senate hearing

February 1, 2024

[Block]chained to a policy initiative

Innovation is a tough thing to mandate. On Monday, the cyberspace administration (CAC) headed a meeting to review the progress of the national blockchain innovation pilot program. Some context: Although Beijing banned cryptocurrency, it is extremely excited about the revolutionary potential of block…

Innovation is a tough thing to mandate.
On Monday, the cyberspace administration (CAC) headed a meeting to review the progress of the national blockchain innovation pilot program.
Some context: Although Beijing banned cryptocurrency, it is extremely excited about the revolutionary potential of block...

sources

CAC: 国家区块链创新应用试点总结交流会在重庆市召开

Baijiahao: 《中国区块链创新应用发展报告（2023）》发布区块链场景应用加速落地

January 31, 2024

Nothing to see here

The Politburo held its monthly meeting on Wednesday, dropping the meeting readout late in the afternoon – just as we were going to press. What happened: This month’s meeting was particularly pro forma, with Politburo members hearing work reports from the Party groups within key government bodies. Th…

The Politburo held its monthly meeting on Wednesday, dropping the meeting readout late in the afternoon – just as we were going to press.
What happened: This month’s meeting was particularly pro forma, with Politburo members hearing work reports from the Party groups within key government bodies.
Th...

sources

Xinhua: 中共中央政治局召开会议中共中央总书记习近平主持会议

January 31, 2024

Southern hospitality

Local authorities are pulling out all the stops to revive property demand. On Saturday, Guangzhou’s municipal government lifted property purchase restrictions on units exceeding 120 square meters. And on Tuesday, officials in Suzhou, Jiangsu province, said the city has completely scrapped purchase …

Local authorities are pulling out all the stops to revive property demand.
On Saturday, Guangzhou’s municipal government lifted property purchase restrictions on units exceeding 120 square meters.

And on Tuesday, officials in Suzhou, Jiangsu province, said the city has completely scrapped purchase ...

sources

Xinhua: 广州放开120平方米以上住房限购

The Paper: 苏州全面取消住房限购：买房不做购房资格审核，新房仍限售两年

January 31, 2024

Too fast, too furious

China’s new energy vehicle (NEV) manufacturers are gunning for greater growth than the market can handle. Key NEV makers aim to more than double their sales in 2024 (The Paper): Li Auto has set a target of 800,000 vehicles, representing nearly 113% y/y growth. Leapmotor’s target of 300,000-400,000 …

China's new energy vehicle (NEV) manufacturers are gunning for greater growth than the market can handle.
Key NEV makers aim to more than double their sales in 2024 (The Paper):

Li Auto has set a target of 800,000 vehicles, representing nearly 113% y/y growth.
Leapmotor's target of 300,000-400,000 ...

sources

The Paper: 车企今年销量目标定太高：多家新势力要翻番，业内称“中国车市装不下”

January 31, 2024

Riding the high

The US and China are rolling up their sleeves on fentanyl. No, not like that! On Tuesday, Minister of Public Security Wang Xiaohong met a US delegation led by Deputy Homeland Security Advisor Jen Daskal in Beijing to mark the official launch of the US-China Counternarcotics Working Group. ICYMI: A…

The US and China are rolling up their sleeves on fentanyl.

No, not like that!

On Tuesday, Minister of Public Security Wang Xiaohong met a US delegation led by Deputy Homeland Security Advisor Jen Daskal in Beijing to mark the official launch of the US-China Counternarcotics Working Group.
ICYMI: A...

sources

Reuters: China, US to cooperate on fentanyl, Beijing hopes for 'positive energy'

AP: US and China launch talks on fentanyl trafficking in a sign of cooperation amid differences

January 31, 2024

Do everything possible

Beijing is laser-focused on boosting rural incomes. On Monday, top rural policymaker Han Wenxiu published a lengthy essay on rural revitalization in the Central Party School’s (CPS) mouthpiece, Study Times. A quick intro: Han is a PhD economist who rose up the ranks of the macro planner’s (NDRC) eco…

Beijing is laser-focused on boosting rural incomes.
On Monday, top rural policymaker Han Wenxiu published a lengthy essay on rural revitalization in the Central Party School’s (CPS) mouthpiece, Study Times.
A quick intro: Han is a PhD economist who rose up the ranks of the macro planner's (NDRC) eco...

sources

Study Times: 韩文秀:扎实推动乡村全面振兴不断取得实质性进展

21st Century Biz: 韩文秀最新发声：不能盲目拆旧村、建新村，城里人到农村买宅基地的口子不能开

January 31, 2024

Forget battleships and microchips

China should prepare itself for a financial war. That’s according to top Party theorist Qu Qingshan – president of the Party Central Committee’s Institute of Party History and Literature – in a Wednesday op-ed in the Central Party School’s mouthpiece, Study Times. Qu’s not kidding around. For him:…

China should prepare itself for a financial war.

That’s according to top Party theorist Qu Qingshan – president of the Party Central Committee’s Institute of Party History and Literature – in a Wednesday op-ed in the Central Party School’s mouthpiece, Study Times.

Qu's not kidding around. For him:...

sources

Study Times: 中央党史和文献研究院院长曲青山：建设金融强国的强大思想武器

January 31, 2024

Li Qiang, tech bro

Premier Li Qiang keeps showing love for tech companies. He’s visited tech firms on almost every one of his field trips since becoming premier in March. His latest trip was no different. On Monday and Tuesday in Shaanxi, Li hit up: Caihong Display Devices, a high-end display maker Fast Gear,…

Premier Li Qiang keeps showing love for tech companies.

He's visited tech firms on almost every one of his field trips since becoming premier in March.

His latest trip was no different. On Monday and Tuesday in Shaanxi, Li hit up:

Caihong Display Devices, a high-end display maker
Fast Gear,...

sources

Xinhua: 李强在陕西调研时强调以科技创新推动产业创新加快培育发展新质生产力

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