string(13) "markets-macro"

Macro

January 19, 2024

Let them open data administrations

Good heavens – the National Data Administration (NDA) is on a roll. On Wednesday, we identified reports that Hebei, Yunnan, and Qinghai have all unveiled local data administrations. Recap: Over the past couple of weeks, Jiangsu, Sichuan, and Shanghai have all opened local branch offices of the new n… Username Password Remember Me … Read More »

Good heavens – the National Data Administration (NDA) is on a roll.
On Wednesday, we identified reports that Hebei, Yunnan, and Qinghai have all unveiled local data administrations.
Recap: Over the past couple of weeks, Jiangsu, Sichuan, and Shanghai have all opened local branch offices of the new n...

sources

Weixin: 七省数据局密集挂牌！专家解码组建逻辑：不苛求“上下对齐”

China Big Data Industry Observation: 河北、云南、青海3省数据局揭牌成立

January 19, 2024

Not more, better

Here’s the strongest sign yet that the state is now prioritizing the quality of tech over the quantity of tech. On Wednesday, the market regulator (SAMR) released guiding opinions for developing National Quality Infrastructure (NQI) for strategic sectors. Those sectors include EVs, semiconductors,…

Here's the strongest sign yet that the state is now prioritizing the quality of tech over the quantity of tech.
On Wednesday, the market regulator (SAMR) released guiding opinions for developing National Quality Infrastructure (NQI) for strategic sectors.

Those sectors include EVs, semiconductors,...

sources

SAMR: 关于质量基础设施助力产业链供应链质量联动提升的指导意见

January 19, 2024

It’s the CAC’s time to Shein

Has fast fashion met its match? On Wednesday, WSJ reported the Cyberspace Administration (CAC) is conducting a cybersecurity review into fashion giant Shein ahead of the company’s planned US IPO. The CAC hasn’t publicly announced the review – the report is based on anonymous sources. Some context:…

Has fast fashion met its match?
On Wednesday, WSJ reported the Cyberspace Administration (CAC) is conducting a cybersecurity review into fashion giant Shein ahead of the company’s planned US IPO.

The CAC hasn't publicly announced the review – the report is based on anonymous sources.

Some context:...

sources

WSJ: Fashion Giant Faces New IPO Hitch: China’s Cybersecurity Police

CSRC: 【第43号公告】《境内企业境外发行证券和上市管理试行办法》

January 18, 2024

Race to the bottom

China’s brutally competitive lithium-ion battery (LIB) industry is about to get even more cut-throat. On Tuesday, 36kr scooped that the world’s top LIB manufacturer CATL – which controls 38% of global market share – will soon launch an enhanced, high-performance LIB model at RMB 0.4/Wh, below the al…

China’s brutally competitive lithium-ion battery (LIB) industry is about to get even more cut-throat.
On Tuesday, 36kr scooped that the world’s top LIB manufacturer CATL – which controls 38% of global market share – will soon launch an enhanced, high-performance LIB model at RMB 0.4/Wh, below the al...

sources

36kr: PowerOn独家 | 宁德时代、比亚迪强推降本，动力电池将进入0.3元/Wh时代

January 18, 2024

A new way to measure jobless kids

China’s youth unemployment stats are back… …and better than ever? On Wednesday, the stats bureau (NBS) published December urban youth unemployment data – and announced a new methodology for calculating the monthly metric. The headline number: The jobless rate for 16-24-year-olds came in at 14….

China’s youth unemployment stats are back...

...and better than ever?

On Wednesday, the stats bureau (NBS) published December urban youth unemployment data – and announced a new methodology for calculating the monthly metric.
The headline number: The jobless rate for 16-24-year-olds came in at 14....

sources

NBS: 2023年国民经济回升向好高质量发展扎实推进

NBS: 关于完善分年龄组调查失业率有关情况的说明

January 18, 2024

Everybody hurts

Housing prices are still falling – and at a faster pace. That’s according to the stats bureau’s (NBS) latest monthly survey of home prices in 70 cities, published Tuesday. The numbers underscore persistently weak homebuyer sentiment: In December, average new home prices dropped 0.45% m/m (Bloombe…

Housing prices are still falling – and at a faster pace.

That’s according to the stats bureau’s (NBS) latest monthly survey of home prices in 70 cities, published Tuesday.

The numbers underscore persistently weak homebuyer sentiment:

In December, average new home prices dropped 0.45% m/m (Bloombe...

sources

NBS: 国家统计局城市司高级统计师沈赟解读2023年12月份商品住宅销售价格变动情况统计数据

NBS: 2023年12月份70个大中城市商品住宅销售价格变动情况

Bloomberg: China Home Prices Fall Most Since 2015 as Downturn Persists

January 18, 2024

The usual suspect

Chinese auto sales may be booming, but other big-ticket items sure as heck aren’t. That’s another takeaway from the monthly stats bureau (NBS) data published Wednesday. Year-on-year, aggregate sales of big-ticket items grew 3.1% in December, of which: Auto sales grew by 4.0%, down from November’s…

Chinese auto sales may be booming, but other big-ticket items sure as heck aren’t.

That's another takeaway from the monthly stats bureau (NBS) data published Wednesday.

Year-on-year, aggregate sales of big-ticket items grew 3.1% in December, of which:

Auto sales grew by 4.0%, down from November’s...

sources

Stats.gov.cn: 2023年12月份社会消费品零售总额增长7.4%

January 18, 2024

Tumbling into 2024

Waiting for a property sector turnaround in China? You’ll be waiting for a while yet. On Wednesday, the stats bureau (NBS) released December data for the property sector. The numbers ain’t pretty: Home sales dropped 20.2% y/y in December – the biggest y/y decline in 2023. New investment in the se…

Waiting for a property sector turnaround in China?

You'll be waiting for a while yet.

On Wednesday, the stats bureau (NBS) released December data for the property sector.
The numbers ain’t pretty:

Home sales dropped 20.2% y/y in December – the biggest y/y decline in 2023.
New investment in the se...

sources

NBS: 2023年全国房地产市场基本情况

NBS: 2023年1—11月份全国房地产市场基本情况

January 18, 2024

The ear of justice

The people spoke, and the country’s top judicial body, the Supreme People’s Court (SPC), seems to have listened. On Sunday, Zhang Jun, the SPC’s chief justice, said that more court rulings would be made public. Zhang made the pledge at an annual conference of senior justices. ICYMI: In December, a…

The people spoke, and the country's top judicial body, the Supreme People's Court (SPC), seems to have listened.
On Sunday, Zhang Jun, the SPC's chief justice, said that more court rulings would be made public.

Zhang made the pledge at an annual conference of senior justices.

ICYMI: In December, a...

sources

Xinhua: 最高法：加大裁判文书上网力度

Caijing: 独家｜浙江法院系统近期要求，裁判文书应公开尽公开

January 18, 2024

Where’s Wu?

Another one of China’s state councilors has gone missing. State Councilor Wu Zhenglong has not been seen for a week. That’s weird. Wu is Premier Li Qiang’s chief of staff and would normally have accompanied Li on his trip to Switzerland and Ireland. But Wu isn’t there. He has also been absent from…

Another one of China’s state councilors has gone missing.
State Councilor Wu Zhenglong has not been seen for a week.
That’s weird.
Wu is Premier Li Qiang’s chief of staff and would normally have accompanied Li on his trip to Switzerland and Ireland.

But Wu isn’t there.

He has also been absent from...

January 18, 2024

The Rock-Li Road to Dublin

Premier Li Qiang is trying his luck with the Irish. On Wednesday, Li met separately with Irish Prime Minister Leo Varadkar and President Michael D. Higgins in Dublin to talk up closer ties. Some context: Ireland is Li’s only other stop after attending the World Economic Forum annual meeting at Davos…

Premier Li Qiang is trying his luck with the Irish.
On Wednesday, Li met separately with Irish Prime Minister Leo Varadkar and President Michael D. Higgins in Dublin to talk up closer ties.
Some context: Ireland is Li’s only other stop after attending the World Economic Forum annual meeting at Davos...

sources

FT: Li Qiang hails China’s friendly ties with Ireland as a ‘good example’

Xinhua: Chinese premier says China, Ireland should regard each other as key cooperative partners

January 18, 2024

Under the watchful (electronic) eye of Beijing

The central government wants to ensure every fen of its money goes to productive use. On Friday, the macro planner (NDRC) released a set of measures to improve oversight of “central budgetary investment” projects. ICYDK: Every year, the central government sets aside funds – overseen by the NDRC – …

The central government wants to ensure every fen of its money goes to productive use.

On Friday, the macro planner (NDRC) released a set of measures to improve oversight of “central budgetary investment” projects.

ICYDK: Every year, the central government sets aside funds – overseen by the NDRC – ...

sources

NDRC: 中央预算内投资项目监督管理办法

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