string(13) "markets-macro"

Macro

January 11, 2024

Let’s make this legal

Recent measures to support the private sector could become the law of the land. The macro planner’s (NDRC) newly-created Private Economy Development Bureau (PEDB) is reviewing a proposal for a new Private Economy Promotion Law (Yicai). The proposal was drafted in May. Momentum is building: On Mo… Username Password Remember Me Forgot Password

Recent measures to support the private sector could become the law of the land.
The macro planner's (NDRC) newly-created Private Economy Development Bureau (PEDB) is reviewing a proposal for a new Private Economy Promotion Law (Yicai).

The proposal was drafted in May.

Momentum is building:

On Mo...

sources

Yicai: 民营经济促进法“确有立法必要”，专家称需回应这六大诉求

NPC: 全国人民代表大会财政经济委员会关于第十四届全国人民代表大会第一次会议主席团交付审议的代表提出的议案审议结果的报告

Gov.cn: 如何促进民营企业发展壮大（政策问答·2024年中国经济这么干）

January 11, 2024

Restructure away

Embattled Chinese property developers and offshore creditors are still wrangling over repayment terms. The latest: Ping An Insurance Overseas, a creditor of China Aoyuan Group, recently petitioned a Hong Kong court to deny the developer’s latest debt restructuring proposal (Bloomberg). ICYDK: Once a…

Embattled Chinese property developers and offshore creditors are still wrangling over repayment terms.
The latest: Ping An Insurance Overseas, a creditor of China Aoyuan Group, recently petitioned a Hong Kong court to deny the developer’s latest debt restructuring proposal (Bloomberg).
ICYDK: Once a...

sources

Bloomberg: China Aoyuan’s $6 Billion Debt Plan Jolted by Creditor Dissent

21st Century Biz: 提前一天中国奥园官宣美元债违约

Yicai: 中国奥园推出境外债重组方案

Yicai: 奥园境外债重组成功闯关，待法院裁决后将正式生效

January 11, 2024

Nice developers finish first

At least some Chinese property developers should soon have a major albatross removed from their necks. The latest: On Tuesday, the housing ministry (MoHURD) announced that construction of over 3 million presold housing units have been completed, driving 17.9% y/y growth in completed floor space betw…

At least some Chinese property developers should soon have a major albatross removed from their necks.
The latest: On Tuesday, the housing ministry (MoHURD) announced that construction of over 3 million presold housing units have been completed, driving 17.9% y/y growth in completed floor space betw...

sources

MoHURD: 住房城乡建设部房地产市场监管司：着力稳定房地产市场，加快构建房地产发展新模式

Yicai: 多家房企交付规模创纪录，“保交楼”工作后劲有多大

January 11, 2024

Miracle on ICE

The data is in: In 2023, China beat Japan to become the world’s largest auto exporter. On Tuesday, the China Passenger Car Association (CPCA) pegged China’s 2023 auto exports at 5.26 million units, vs. Japan’s projected 4.3 million. Passenger vehicle exports totaled 3.83 million units – up 62% y/y …

The data is in: In 2023, China beat Japan to become the world's largest auto exporter.
On Tuesday, the China Passenger Car Association (CPCA) pegged China's 2023 auto exports at 5.26 million units, vs. Japan's projected 4.3 million.

Passenger vehicle exports totaled 3.83 million units – up 62% y/y ...

sources

The Paper: 乘联会：去年乘用车销量达2170万辆，1月车市将迎开门红

WSJ: China Becomes the World’s Biggest Auto Exporter—With Help From Russia

January 11, 2024

Deep Dive | Taiwan’s upcoming election

On January 13, Taiwanese voters will elect a new leader. The implications of this election are massive, with results shaping the trajectory of cross-strait relations. A victory by the pro-independence incumbent will escalate tensions, risking disruptions to global supply chains and undermining the …

On January 13, Taiwanese voters will elect a new leader.
The implications of this election are massive, with results shaping the trajectory of cross-strait relations.

A victory by the pro-independence incumbent will escalate tensions, risking disruptions to global supply chains and undermining the ...

January 11, 2024

We’re going to need a bigger net

As technologically develops, China’s social safety net must expand. That’s according to Liu Shangxi, head of the Chinese Academy of Fiscal Sciences – a finance ministry-affiliated think tank – and an economic advisor to the government. (We rate Liu as the third most influential economic advisor in …

As technologically develops, China's social safety net must expand.
That’s according to Liu Shangxi, head of the Chinese Academy of Fiscal Sciences – a finance ministry-affiliated think tank – and an economic advisor to the government.

(We rate Liu as the third most influential economic advisor in ...

sources

Economists 50 Forum: 以社保制度的可持续为中国式现代化注入确定性

January 11, 2024

Just chugging along

The Critical Information Infrastructure (CII) regulatory project is inching forward. On Monday, the Ministry of Transport (MoT) published regulations on CII security management for the railway sector. Quick recap: The 2016 Cybersecurity Law (CSL) defined CII as digital infrastructure that, if damage…

The Critical Information Infrastructure (CII) regulatory project is inching forward.
On Monday, the Ministry of Transport (MoT) published regulations on CII security management for the railway sector.
Quick recap: The 2016 Cybersecurity Law (CSL) defined CII as digital infrastructure that, if damage...

sources

MoT: 铁路关键信息基础设施安全保护管理办法

January 11, 2024

Select committee gets less selective

China hawks don’t want Chinese chips… any Chinese chips. In a letter to the Biden administration, Mike Gallagher, chairman of the House Select Committee on China, proposed to prevent China-made legacy chips from flooding the global markets. Some context: China is expanding its product…

China hawks don't want Chinese chips... any Chinese chips.
In a letter to the Biden administration, Mike Gallagher, chairman of the House Select Committee on China, proposed to prevent China-made legacy chips from flooding the global markets.
Some context: China is expanding its product...

sources

Nikkei: U.S. nervous about 'flood' of older-generation chips from China

January 11, 2024

The gig isn’t up

The gig economy isn’t just an afterthought. That’s the message from a new notice on standardizing the gig economy, issued yesterday by the human resources ministry (MoHRSS). Some context: Gig work has become a major piece of the economy over the last decade, with millions employed in flexible tempor…

The gig economy isn't just an afterthought.
That's the message from a new notice on standardizing the gig economy, issued yesterday by the human resources ministry (MoHRSS).
Some context: Gig work has become a major piece of the economy over the last decade, with millions employed in flexible tempor...

sources

MoHRSS: 人力资源社会保障部关于加强零工市场规范化建设的通知

January 11, 2024

You won’t make it if you fake it

Academic fraud is obstructing Beijing’s ambitions for tech advancement – and policymakers know it. On Tuesday, Caixin reported that the Ministry of Education (MoE) has launched a campaign to crack down on misconduct associated with research publications. Some context: Over the past decade, Ch…

Academic fraud is obstructing Beijing's ambitions for tech advancement – and policymakers know it.
On Tuesday, Caixin reported that the Ministry of Education (MoE) has launched a campaign to crack down on misconduct associated with research publications.
Some context: Over the past decade, Ch...

sources

Caixin: 2023年撤稿数量居高不下教育部要求开展自查

January 10, 2024

Talking the talk, shuoing the hua

The American and Chinese militaries are finally talking. On Tuesday, US Assistant Secretary of Defense Michael Chase and the Central Military Commission’s Major General Song Yanchao concluded two days of talks in Washington. Some context: Beijing suspended military-to-military dialogue with Washingt…

The American and Chinese militaries are finally talking.
On Tuesday, US Assistant Secretary of Defense Michael Chase and the Central Military Commission’s Major General Song Yanchao concluded two days of talks in Washington.
Some context: Beijing suspended military-to-military dialogue with Washingt...

sources

US Department of Defense: Readout of 2024 U.S.-PRC Defense Policy Coordination Talks

Ministry of National Defense: 中美举行第17次国防部工作会晤

Reuters: US, China conclude two days of military talks in Washington

January 10, 2024

Knocking back brandy

Pour yourself another glass of the good stuff before it’s too late. The commerce ministry (MofCom) launched an anti-dumping investigation into “liquor distilled from grapes” – i.e. brandy – originating in EU countries on Friday. The investigation was launched based on a complaint from the China Alc…

Pour yourself another glass of the good stuff before it's too late.
The commerce ministry (MofCom) launched an anti-dumping investigation into "liquor distilled from grapes" – i.e. brandy – originating in EU countries on Friday.
The investigation was launched based on a complaint from the China Alc...

sources

MofCom: 商务部公告2024年第1号关于对原产于欧盟的进口装入200升以下容器的蒸馏葡萄酒制得的烈性酒进行反倾销立案调查的公告

Reuters: China targets EU brandy in tit-for-tat anti-dumping probe

Reuters: Industry experts react to China's anti-dumping probe into EU brandy

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162