string(13) "markets-macro"

Macro

December 8, 2023

Giving back to the people

To boost consumption, the state needs to spend less on investment. That’s according to Liu Yuanchun, president of Shanghai University of Finance and Economics and a trusted advisor to Xi Jinping. We rank Liu as the most influential economic policy advisor. See our profile of Liu here. In an essay… Username Password Remember Me … Read More »

To boost consumption, the state needs to spend less on investment.
That’s according to Liu Yuanchun, president of Shanghai University of Finance and Economics and a trusted advisor to Xi Jinping.

We rank Liu as the most influential economic policy advisor.
See our profile of Liu here.

In an essay...

sources

China Finance 40 Forum: 解决消费率过低问题，关键是政府要从投资型转向服务型政府

December 7, 2023

Public private equity

Local governments are putting on their private equity shoes to pursue strategic objectives. The latest: On November 29, struggling lithium-ion battery (LIB) manufacturer Farasis Energy announced it had sold a 14.6% stake to Guangzhou government-owned Guangzhou Industrial Investment Holdings Group (C…

Local governments are putting on their private equity shoes to pursue strategic objectives.
The latest: On November 29, struggling lithium-ion battery (LIB) manufacturer Farasis Energy announced it had sold a 14.6% stake to Guangzhou government-owned Guangzhou Industrial Investment Holdings Group (C...

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Caixin: 电池企业孚能科技经营困难广州国资欲对其控股

December 7, 2023

Nearing bottom

Property markets in China’s top-tier cities may finally be over the worst of their slumps. That’s according to the latest secondhand home sales data. In November, the transaction volume of existing homes in (Securities Daily): Beijing was up 17.8% m/m, snapping back from a 25% decline in October (L…

Property markets in China’s top-tier cities may finally be over the worst of their slumps.
That’s according to the latest secondhand home sales data.
In November, the transaction volume of existing homes in (Securities Daily):

Beijing was up 17.8% m/m, snapping back from a 25% decline in October (L...

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Securities Daily: “北上广深”四地11月份二手房成交量集体回升

Leju.com: 累计网签10655套、环比减少25%，10月北京二手房成交放缓

Guangzhou Association of Real Estate Agents: 【协会独家】成交突破万宗！11月广州二手住宅市场交易简报出炉

China Index Academy: 10月百城二手房价继续下行，连续5个月超90城环比下跌

China Index Academy: https://mp.weixin.qq.com/s/wHcZKqgYsjNYxGf89K8Bmg

December 7, 2023

Put your money where your mouth is

The central government should take on a greater share of public services spending to boost long-term economic growth. That’s according to Liu Shangxi, head of the Chinese Academy of Fiscal Sciences – a finance ministry (MoF)-affiliated think tank – and one of the government’s top economic advisors. …

The central government should take on a greater share of public services spending to boost long-term economic growth.
That’s according to Liu Shangxi, head of the Chinese Academy of Fiscal Sciences – a finance ministry (MoF)-affiliated think tank – and one of the government’s top economic advisors.
...

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Economists 50 Forum: 中国需要一次更广泛的改革

December 7, 2023

Trade figures deeply disappoint

China’s trade performance in November did not live up to expectations. Per data released by the customs bureau on Thursday: Exports grew 0.5% y/y in dollar terms, up from a 6.4% fall in October. Imports fell by 0.6% y/y, versus a 3.0% increase the previous month. China’s trade surplus increased to …

China’s trade performance in November did not live up to expectations.
Per data released by the customs bureau on Thursday:

Exports grew 0.5% y/y in dollar terms, up from a 6.4% fall in October.
Imports fell by 0.6% y/y, versus a 3.0% increase the previous month.
China’s trade surplus increased to ...

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Stats.gov.cn: 海关统计数据在线查询平台

December 7, 2023

Fights of the roundtable

EU-China relations risk deteriorating. On Thursday, the long-awaited EU-China Summit kicked off in Beijing. Xi Jinping and Premier Li Qiang met with: European Council President Charles Michel European Commission President Ursula von der Leyen Top EU diplomat Josep Borrell Tough crowd: All three EU…

EU-China relations risk deteriorating.
On Thursday, the long-awaited EU-China Summit kicked off in Beijing. Xi Jinping and Premier Li Qiang met with:

European Council President Charles Michel
European Commission President Ursula von der Leyen
Top EU diplomat Josep Borrell

Tough crowd: All three EU...

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Reuters: EU to issue firm words at China summit with limited expectations

European Council: EU-China summit, 7 December 2023

MoFA: Foreign Ministry Spokesperson Wang Wenbin’s Regular Press Conference on December 6, 2023

December 7, 2023

First batch of peak-carbon pilot sites unveiled

The macro planner (NDRC) has unveiled 35 peak-carbon pilot zones. The list, released on Wednesday, comprises 25 cities and 10 industrial parks across 15 provinces. Some context: In November, the NDRC announced that it will select 100 cities and industrial parks to implement peak-carbon pilot zones…

The macro planner (NDRC) has unveiled 35 peak-carbon pilot zones.

The list, released on Wednesday, comprises 25 cities and 10 industrial parks across 15 provinces.

Some context: In November, the NDRC announced that it will select 100 cities and industrial parks to implement peak-carbon pilot zones...

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NDRC: 国家发展改革委办公厅关于印发首批碳达峰试点名单的通知

Gov.cn: 国家发展改革委办公厅关于印发首批碳达峰试点名单的通知

December 7, 2023

Fair competition gets a boost

China just got a bigger, better anti-trust enforcer. Introducing: The State Council’s Antimonopoly and Anti-unfair Competition Committee (SCAACC). The SCAACC is an amalgamation of the State Council Anti-monopoly Commission (SCAC) in charge of drafting competition policy, assessing market competiti…

China just got a bigger, better anti-trust enforcer.
Introducing: The State Council’s Antimonopoly and Anti-unfair Competition Committee (SCAACC).

The SCAACC is an amalgamation of the State Council Anti-monopoly Commission (SCAC) in charge of drafting competition policy, assessing market competiti...

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Gov.cn: 国务院反垄断反不正当竞争委员会办公室市场监管总局关于建立反垄断“三书一函”制度的通知

December 7, 2023

Middle Kingdom finds no middle ground on Middle East with US

China’s top diplomat Wang Yi jumped on the phone with US Secretary of State Antony Blinken on Tuesday. Top of the agenda: The Israel/Hamas conflict. It appears that nothing substantive came from the discussion. The Chinese readout said that Wang said the fighting should stop “as soon as possible.” …

China's top diplomat Wang Yi jumped on the phone with US Secretary of State Antony Blinken on Tuesday.
Top of the agenda: The Israel/Hamas conflict.
It appears that nothing substantive came from the discussion.

The Chinese readout said that Wang said the fighting should stop "as soon as possible." ...

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MoFA: 王毅同美国国务卿布林肯通电话

US Department of State: Secretary Blinken’s Call with People’s Republic of China (PRC) Director of the Office of the Foreign Affairs Commission and Foreign Minister Wang Yi

December 7, 2023

Shenzhen, the hashpowerhouse

On Monday, Shenzhen released a two-year action plan to turn the city into a number-crunching mecca. Background: In October, China’s industrial regulator (MIIT) released a national-level action plan for developing high-quality computing power throughout the country. The plan was interesting becaus…

On Monday, Shenzhen released a two-year action plan to turn the city into a number-crunching mecca.
Background: In October, China's industrial regulator (MIIT) released a national-level action plan for developing high-quality computing power throughout the country.

The plan was interesting becaus...

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Shenzhen Gov.cn: 深圳市算力基础设施高质量发展行动计划（2024-2025）

The Paper: 深圳公布算力高质量发展行动计划：打造中国算网城市标杆

December 7, 2023

Semiconductor rights are human rights

On Tuesday, Minister of Foreign Affairs Wang Yi gave a speech commemorating the 75th anniversary of the Universal Declaration of Human Rights. But, um: Wang’s speech was only partially about human rights – it was also about China’s rights to develop advanced technologies. Wang pointed out that human…

On Tuesday, Minister of Foreign Affairs Wang Yi gave a speech commemorating the 75th anniversary of the Universal Declaration of Human Rights.
But, um: Wang's speech was only partially about human rights – it was also about China's rights to develop advanced technologies.
Wang pointed out that human...

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MFA: 王毅就实现人人充分享有人权提出四点建议

December 7, 2023

Keeping key tech close to the vest

On Monday, Taiwan released a list of 22 national key core technologies subject to special security safeguards. Some background: In June, Taiwan amended its National Security Law, making economic espionage and unauthorized export of key technologies illegal. Violators can face up to 12 years in pr…

On Monday, Taiwan released a list of 22 national key core technologies subject to special security safeguards.
Some background: In June, Taiwan amended its National Security Law, making economic espionage and unauthorized export of key technologies illegal.

Violators can face up to 12 years in pr...

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CNA: 國家核心關鍵技術清單涵蓋5大領域 14奈米以下IC製造入列

Nikkei: Taiwan outlines five critical tech fields under its protection

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