string(13) "markets-macro"

Macro

January 9, 2024

Less government is more

Resolving local government debt requires changing how fiscal resources are distributed between levels of government. That’s according to Jia Kang, a senior researcher at the Chinese Academy of Fiscal Sciences, a think tank affiliated with the finance ministry (MoF). ICYDK: China’s government syste… Username Password Remember Me Forgot Password

Resolving local government debt requires changing how fiscal resources are distributed between levels of government.

That’s according to Jia Kang, a senior researcher at the Chinese Academy of Fiscal Sciences, a think tank affiliated with the finance ministry (MoF).

ICYDK: China’s government syste...

sources

The Paper: 信心之火｜专访贾康：以“扁平化”为导向逐步实质性落实省以下的分税制

January 9, 2024

It’s ok to sell

China’s efforts to boost domestic stock markets aren’t working – and they’re having unintended consequences. On Monday, Reuters scooped that the securities regulator (CSRC) has relaxed rules that forbid mutual fund managers from selling more shares than they buy on a given day. Some context: Last ye…

China's efforts to boost domestic stock markets aren’t working – and they’re having unintended consequences.
On Monday, Reuters scooped that the securities regulator (CSRC) has relaxed rules that forbid mutual fund managers from selling more shares than they buy on a given day.
Some context: Last ye...

sources

Reuters: Exclusive: China regulators lift stock net-selling ban for mutual funds

January 9, 2024

Standards plan to boost domestic auto chips

China wants to shore up its automotive supply chain. On Thursday, the industrial ministry (MIIT) published an automotive chip standards development plan. A draft was released in March. Some context: The global auto industry is only recently recovering from a three-year shortage of specialty semico…

China wants to shore up its automotive supply chain.
On Thursday, the industrial ministry (MIIT) published an automotive chip standards development plan.

A draft was released in March.

Some context: The global auto industry is only recently recovering from a three-year shortage of specialty semico...

sources

MIIT: 工业和信息化部办公厅关于印发国家汽车芯片标准体系建设指南的通知

Sina: 工信部：多举措加大汽车与集成电路两大行业协作

January 9, 2024

MofCom’s 2024 agenda

On Monday, the Ministry of Commerce (MofCom) concluded its National Commerce Work Conference, which sets the ministry’s 2024 agenda. Stick to the plan: MofCom will continue to focus on many of 2023’s priorities, including: Boosting consumption Facilitating foreign trade, especially the trade in int…

On Monday, the Ministry of Commerce (MofCom) concluded its National Commerce Work Conference, which sets the ministry's 2024 agenda.
Stick to the plan: MofCom will continue to focus on many of 2023's priorities, including:

Boosting consumption
Facilitating foreign trade, especially the trade in int...

sources

MofCom: 全国商务工作会议在京召开

January 9, 2024

No mercy, no end

The Party’s anti-corruption drive isn’t going away anytime soon. On Monday, the Party’s disciplinary commission (CCDI) kicked off its third plenary session. This meeting is a big deal: All seven Politburo Standing Committee members showed up. Xi Jinping himself delivered the keynote. Having just …

The Party’s anti-corruption drive isn't going away anytime soon.
On Monday, the Party’s disciplinary commission (CCDI) kicked off its third plenary session.
This meeting is a big deal:

All seven Politburo Standing Committee members showed up.
Xi Jinping himself delivered the keynote.

Having just ...

sources

Xinhua: 习近平在二十届中央纪委三次全会上发表重要讲话强调深入推进党的自我革命坚决打赢反腐败斗争攻坚战持久战　　

January 9, 2024

Worth the wait?

This has been a long time coming. After 17 years, China could finally be making progress on a long-awaited Energy Law. Officials deliberated on the latest draft at Friday’s State Council meeting. The draft law will now go to the legislature for consideration. ICYDK: China’s legislature first put …

This has been a long time coming.
After 17 years, China could finally be making progress on a long-awaited Energy Law.

Officials deliberated on the latest draft at Friday’s State Council meeting.
The draft law will now go to the legislature for consideration.

ICYDK: China's legislature first put ...

sources

Gov.cn: 李强主持召开国务院常务会议研究发展银发经济增进老年人福祉的政策举措等

January 9, 2024

GBA stands for Greater Biased Arrangement

Hong Kong and Macau firms are about to get a leg up on their foreign competitors in Guangdong. On December 25, the macro planner (NDRC) released a three-year action plan to improve the business environment in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA). The plan contains 24 measures to bri…

Hong Kong and Macau firms are about to get a leg up on their foreign competitors in Guangdong.
On December 25, the macro planner (NDRC) released a three-year action plan to improve the business environment in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).

The plan contains 24 measures to bri...

sources

NDRC: 《粤港澳大湾区国际一流营商环境建设三年行动计划》

NDRC: 国家发展改革委法规司负责同志就《粤港澳大湾区国际一流营商环境建设三年行动计划》答记者问

January 9, 2024

Getting serious about deflation

Signs abound that monetary policy will shift toward a more expansionary stance in 2024. That’s based on an interview with an unnamed official from the office of the Central Commission for Financial and Economic Affairs (CCFEA), published by Xinhua on December 18. ICKDK: The CCFEA is the Party’s top …

Signs abound that monetary policy will shift toward a more expansionary stance in 2024.
That’s based on an interview with an unnamed official from the office of the Central Commission for Financial and Economic Affairs (CCFEA), published by Xinhua on December 18.
ICKDK: The CCFEA is the Party’s top ...

sources

Xinhua: 中央财办有关负责同志详解2023年中央经济工作会议精神

January 9, 2024

One batch at a time

On Friday, the cyberspace administration (CAC) released the third list of “deep synthesis” algorithms that have received an official license to operate in China. 129 licenses were issued in this batch. The list includes algos from companies like Baidu, iFlytek, Xiaohongshu, and Taobao. Some …

On Friday, the cyberspace administration (CAC) released the third list of “deep synthesis” algorithms that have received an official license to operate in China.

129 licenses were issued in this batch.
The list includes algos from companies like Baidu, iFlytek, Xiaohongshu, and Taobao.

Some ...

sources

CAC: 国家互联网信息办公室关于发布第三批深度合成服务算法备案信息的公告

January 9, 2024

Jiangsu launches first provincial NDA branch

The National Data Administration (NDA) is going national, as it were. Last week, media reported Jiangsu became the first province to establish a local NDA branch office. In fact, it’s a little more like re-establish. The new Jiangsu NDA is a reorganization of the Jiangsu Big Data Management Center. …

The National Data Administration (NDA) is going national, as it were.
Last week, media reported Jiangsu became the first province to establish a local NDA branch office.
In fact, it's a little more like re-establish. The new Jiangsu NDA is a reorganization of the Jiangsu Big Data Management Center.
...

sources

Secrss: 江苏省数据局正式挂牌，开启新一批省市级数据局成立序幕

January 9, 2024

Taxation relaxation

Policymakers want to shore up the domestic lithography industry. On December 21, the State Council’s tax committee announced temporary import tariff reductions for two components used in lithography machines, effective January 1, 2024. Some context: ASML just stopped shipping its high-end DU…

Policymakers want to shore up the domestic lithography industry.
On December 21, the State Council’s tax committee announced temporary import tariff reductions for two components used in lithography machines, effective January 1, 2024.
Some context: ASML just stopped shipping its high-end DU...

sources

MoF: 国务院关税税则委员会关于2024年关税调整方案的公告

January 9, 2024

Introducing Guangdong’s AI super-brain?

On Tuesday, the Guangdong provincial government released a work plan for accelerating applications of “artificial general intelligence” (AGI) for government use. In tech circles, AGI typically refers to extremely advanced artificial intelligence that can do any general purpose task asked of it, lik…

On Tuesday, the Guangdong provincial government released a work plan for accelerating applications of “artificial general intelligence” (AGI) for government use.

In tech circles, AGI typically refers to extremely advanced artificial intelligence that can do any general purpose task asked of it, lik...

sources

Guangdong Gov: 广东省政务服务数据管理局关于印发广东省加快数字政府领域通用人工智能应用工作方案的通知

Guangdong Gov: 【图解政策】一图看懂《广东省加快数字政府领域通用人工智能应用工作方案》

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