string(13) "markets-macro"

Macro

January 20, 2024

MIIT releases AI industry standards plan

Regulators are chomping at the bit to standardize the AI industry. On Thursday, the industrial ministry (MIIT) released a draft plan to build a new AI industry standards system to guide the development of the emerging sector. In a nutshell: Under the new framework, over 50 AI industry standards will… Username Password Remember Me … Read More »

Regulators are chomping at the bit to standardize the AI industry.
On Thursday, the industrial ministry (MIIT) released a draft plan to build a new AI industry standards system to guide the development of the emerging sector.
In a nutshell: Under the new framework, over 50 AI industry standards will...

sources

MIIT: 公开征求对《国家人工智能产业综合标准化体系建设指南》（征求意见稿）的意见

January 20, 2024

The verdict is in

China’s Supreme Court (SPC) has found itself not guilty of unreasonable opacity. On Sunday and Monday, top justices discussed China’s new National Court Judgements Database. Some context: Since 2013, court cases have been made publicly accessible via the China Judgements Online Database. …

China’s Supreme Court (SPC) has found itself not guilty of unreasonable opacity.
On Sunday and Monday, top justices discussed China’s new National Court Judgements Database.
Some context: Since 2013, court cases have been made publicly accessible via the China Judgements Online Database. ...

sources

21jingji.com: 最高法再次发声裁判文书网：加大上网力度，公布文书需隐去识别信息

Financial Times: China’s court database reform stokes fears for transparency in legal sector

January 19, 2024

Finding a true vocation

Vocational training institutions aren’t turning out the skilled technical talent that Beijing wants. One key reason for that is widespread corruption in the industry. That’s the message we got from a recent policy document released by the human resource ministry (MoHRSS) that aims – yet again – to…

Vocational training institutions aren't turning out the skilled technical talent that Beijing wants.

One key reason for that is widespread corruption in the industry.

That’s the message we got from a recent policy document released by the human resource ministry (MoHRSS) that aims – yet again – to...

sources

MoHRSS: 关于进一步规范职业技能培训管理工作的通知

January 19, 2024

No relief for the reef beef

On Tuesday, Assistant Foreign Minister Nong Rong met Philippine Foreign Undersecretary Theresa Lazaro to discuss ongoing territorial disputes between Beijing and Manila. ICYMI: Over the last few months, Chinese and Philippine vessels have clashed repeatedly over the Scarborough and Second Thomas Sho…

On Tuesday, Assistant Foreign Minister Nong Rong met Philippine Foreign Undersecretary Theresa Lazaro to discuss ongoing territorial disputes between Beijing and Manila.
ICYMI: Over the last few months, Chinese and Philippine vessels have clashed repeatedly over the Scarborough and Second Thomas Sho...

sources

MoFA: 中国和菲律宾举行南海问题双边磋商机制第八次会议

Philippine Foreign Ministry: PRESS STATEMENT ON THE 8TH PH-CHINA BILATERAL CONSULTATION MECHANISM ON THE SOUTH CHINA SEA

January 19, 2024

Coast to Ivory Cost

China wants to expand cooperation and investment in Africa. On Wednesday, Foreign Minister Wang Yi touched down in Côte d’Ivoire to finish up his diplomatic tour across Africa. Some context: Resource-rich Côte d’Ivoire has emerged as an important partner country under China’s Belt and Road Initiativ…

China wants to expand cooperation and investment in Africa.
On Wednesday, Foreign Minister Wang Yi touched down in Côte d'Ivoire to finish up his diplomatic tour across Africa.
Some context: Resource-rich Côte d'Ivoire has emerged as an important partner country under China's Belt and Road Initiativ...

sources

CPC People: 科特迪瓦总统瓦塔拉会见王毅

January 19, 2024

Wu’s back

Premier Li Qiang’s chief of staff is back. On Friday, Wu Zhenglong attended the National Engineer Awards in Beijing. ICYMI: This was Wu’s first public appearance in more than a week. It came after Wu had been noticeably absent from Li Qiang’s recent trip to Europe, sparking speculation that Wu might…

Premier Li Qiang’s chief of staff is back.
On Friday, Wu Zhenglong attended the National Engineer Awards in Beijing.
ICYMI: This was Wu’s first public appearance in more than a week. It came after Wu had been noticeably absent from Li Qiang’s recent trip to Europe, sparking speculation that Wu might...

sources

Xinhua: 习近平在“国家工程师奖”首次评选表彰之际作出重要指示

January 19, 2024

You’ve got to be CAD-ing me

Local governments are still struggling to clear their arrears. That’s according to the latest data on commercial acceptance draft (CAD) defaults. Refresher: CADs are tradable, non-interest-bearing IOUs with a fixed maturity (see our October 20 note). Local government financing vehicles (LGFVs) is…

Local governments are still struggling to clear their arrears.

That’s according to the latest data on commercial acceptance draft (CAD) defaults.

Refresher: CADs are tradable, non-interest-bearing IOUs with a fixed maturity (see our October 20 note).

Local government financing vehicles (LGFVs) is...

sources

SHCPE: 截至2023年12月31日承兑人逾期名单

SHCPE: 截至2023年11月30日承兑人逾期名单

21st Century Biz: 地方债回顾及展望：2023年10大事件和2024年4大趋势

January 19, 2024

The future is rural

Rural households have a higher propensity to consume than their urban counterparts – and this divergence is sharpening. Per data released by the stats bureau (NBS) on Wednesday, throughout 2023: Urban households spent 63.7% of their income – down from a pre-pandemic average of 67.6% Rural household…

Rural households have a higher propensity to consume than their urban counterparts – and this divergence is sharpening.
Per data released by the stats bureau (NBS) on Wednesday, throughout 2023:

Urban households spent 63.7% of their income – down from a pre-pandemic average of 67.6%
Rural household...

sources

Stats.gov.cn: 2023年居民收入和消费支出情况

January 19, 2024

You reap what you sow

China’s rollout of genetically modified (GM) crops is gaining momentum. On Thursday, the Ministry of Agriculture and Rural Affairs (MARA) published the second batch of GM safety approvals, covering: Commercial planting of more GM crops, including corn, soybean, and herbicide-tolerant cotton variet…

China's rollout of genetically modified (GM) crops is gaining momentum.
On Thursday, the Ministry of Agriculture and Rural Affairs (MARA) published the second batch of GM safety approvals, covering:

Commercial planting of more GM crops, including corn, soybean, and herbicide-tolerant cotton variet...

sources

MARA: 2023年农业转基因生物安全证书批准清单（三）

MARA: 中华人民共和国农业农村部公告第739号

Reuters: China's embrace of GMO crops gains momentum with new import, planting approvals

January 19, 2024

Flash Talk | China Politics Update: Consequences of the Taiwan election

In this bi-weekly Politics Flash Talk, Trivium co-founders Andrew Polk and Trey McArver kick off with the Taiwan election and how – despite media hype – the results haven’t materially reshaped cross-strait dynamics. The gents then discuss Xi Jinping’s big speech at the Central Party School and what …

In this bi-weekly Politics Flash Talk, Trivium co-founders Andrew Polk and Trey McArver kick off with the Taiwan election and how – despite media hype – the results haven't materially reshaped cross-strait dynamics.
The gents then discuss Xi Jinping’s big speech at the Central Party School and what ...

January 19, 2024

Strengthening the core

A prominent think tank is arguing that central authorities should pursue more aggressive monetary and fiscal easing. The latest: The China Finance 40 (CF40) published its monthly review of the economy, including a list of policy recommendations, on Wednesday. We flagged a previous set of its recomm…

A prominent think tank is arguing that central authorities should pursue more aggressive monetary and fiscal easing.
The latest: The China Finance 40 (CF40) published its monthly review of the economy, including a list of policy recommendations, on Wednesday.

We flagged a previous set of its recomm...

sources

China Finance 40 Forum: 2023年12月宏观经济运行检验报告单

January 19, 2024

IoV is my co-pilot

You can’t have internet connected vehicles without an internet to connect vehicles to. That’s why, on Wednesday, the industrial ministry (MIIT) and four other regulators jointly launched a pilot program designed to speed up the rollout of city-level Internet of Vehicle (IoV) networks. The pilot wil…

You can't have internet connected vehicles without an internet to connect vehicles to.
That's why, on Wednesday, the industrial ministry (MIIT) and four other regulators jointly launched a pilot program designed to speed up the rollout of city-level Internet of Vehicle (IoV) networks.

The pilot wil...

sources

Gov.cn: 工业和信息化部公安部自然资源部住房和城乡建设部交通运输部关于开展智能网联汽车“车路云一体化”应用试点工作的通知

MIIT: 《关于开展智能网联汽车“车路云一体化”应用试点的通知》解读

MIIT: 一图读懂：《关于开展智能网联汽车“车路云一体化”应用试点的通知》

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