string(13) "markets-macro"

Macro

April 2, 2025

Mainland conducts more drills around Taiwan

On Monday and Tuesday, the People’s Liberation Army’s (PLA) Eastern Theater Command conducted live-fire drills around Taiwan. The proximate cause: US Defense Secretary Pete Hegseth’s first official trip to Asia, during which he visited Guam, the Philippines, and Japan. In Manila, Hegseth pledged to… Username Password Remember Me Forgot Password

On Monday and Tuesday, the People’s Liberation Army's (PLA) Eastern Theater Command conducted live-fire drills around Taiwan.
The proximate cause: US Defense Secretary Pete Hegseth’s first official trip to Asia, during which he visited Guam, the Philippines, and Japan.

In Manila, Hegseth pledged to...

sources

Reuters: China carries out live fire drills in East China Sea in escalation of Taiwan exercises

CNN: China launches military drills from ‘multiple directions’ around Taiwan, testing US resolve

April 2, 2025

Foreign Minister Wang Yi meets Putin in Moscow

China’s top diplomat Wang Yi is in Moscow this week to lay the groundwork for an upcoming visit by Xi Jinping. Xi will visit Moscow in early May to mark the 80th anniversary of the end of WWII. On Tuesday, Wang met with Russian President Vladimir Putin and Russian Foreign Minister Sergei Lavrov. I…

China's top diplomat Wang Yi is in Moscow this week to lay the groundwork for an upcoming visit by Xi Jinping.

Xi will visit Moscow in early May to mark the 80th anniversary of the end of WWII.

On Tuesday, Wang met with Russian President Vladimir Putin and Russian Foreign Minister Sergei Lavrov.
I...

sources

People's Daily: 俄罗斯总统普京会见王毅

China Daily: Chinese, Russian FMs agree to deepen practical cooperation, safeguard just int'l order

Reuters: Kremlin says it's working on Ukraine peace after Trump says he's 'pissed off' with Putin

Reuters: 'Friends forever, never enemies', Chinese foreign minister tells Russia

April 2, 2025

China, Japan, South Korea talk trade amid US tariff threat

What happened: On March 30, the commerce ministers of China, Japan, and South Korea met to discuss regional trade, just as the US threatens broad-based reciprocal tariffs. According to state media Yuyuan Tantian: “The vibe at this meeting was quite positive.” “All three parties agreed on the need t…

“The vibe at this meeting was quite positive.”
"All three parties agreed on the need t...

sources

Yuyuan Tantian: 玉渊潭天|美加征关税前中日韩谈了半导体

April 2, 2025

Manufacturing and construction surge in March

The latest PMI data shows China’s manufacturing output is surging. Per data released by the stats bureau (NBS) and Caixin on Monday and Tuesday, respectively: The NBS manufacturing PMI was 50.5 in March – up from 50.2 in February and the highest print in 12 months The Caixin manufacturing PMI came …

The latest PMI data shows China’s manufacturing output is surging.
Per data released by the stats bureau (NBS) and Caixin on Monday and Tuesday, respectively:

The NBS manufacturing PMI was 50.5 in March – up from 50.2 in February and the highest print in 12 months
The Caixin manufacturing PMI came ...

sources

Stats.gov.cn: 2025年3月中国采购经理指数运行情况

Caixin: 3月财新中国制造业PMI升至51.2 为四个月来最高

April 2, 2025

Home sales by top developers slid in March

March was yet another rough month for the property sector. According to survey data from China Real Estate Information Corp. (CRIC), published Monday: In Q1, total home sales by China’s top 100 developers were down 5.9% y/y – a smaller decline than the full-year 2024 plunge of 28.1% In March, sales…

March was yet another rough month for the property sector.
According to survey data from China Real Estate Information Corp. (CRIC), published Monday:

In Q1, total home sales by China’s top 100 developers were down 5.9% y/y – a smaller decline than the full-year 2024 plunge of 28.1%
In March, sales...

sources

CRIC: 2025年1-3月中国房地产企业销售TOP100排行榜

CRIC: 2024年中国房地产企业销售TOP200排行榜

April 2, 2025

Beijing plans restructuring of state-owned auto giants

Beijing is preparing to whip its state-owned auto giants into shape. On Saturday, the state-owned enterprise (SOE) regulator (SASAC) told industry leaders it will begin “restructuring” central auto SOEs – a signal of mergers to come. SASAC Vice Chairman Gou Ping shared the news at the annual Electr…

Beijing is preparing to whip its state-owned auto giants into shape.
On Saturday, the state-owned enterprise (SOE) regulator (SASAC) told industry leaders it will begin "restructuring" central auto SOEs – a signal of mergers to come.

SASAC Vice Chairman Gou Ping shared the news at the annual Electr...

sources

Caixin: 国务院国资委：将对整车央企进行战略性重组

Yicai: China Plans Mergers in State-Owned Car Sector, SASAC Says

April 1, 2025

Beijing targets farm infrastructure upgrades to over 30 million hectares

China’s farmland is shaping up as Beijing’s next major infrastructure investment target. On Sunday, the Party Central Committee and the State Council released a plan to upgrade more than 30 million hectares (455 million mu) of “permanent basic farmland” into “high-standard farmland” by 2035. The pl…

China’s farmland is shaping up as Beijing's next major infrastructure investment target.
On Sunday, the Party Central Committee and the State Council released a plan to upgrade more than 30 million hectares (455 million mu) of "permanent basic farmland" into "high-standard farmland" by 2035.

The pl...

sources

Gov.cn: 中共中央办公厅国务院办公厅印发《逐步把永久基本农田建成高标准农田实施方案》

Xinhua: 建设高产稳产的现代化良田夯实粮食安全根基——解读《逐步把永久基本农田建成高标准农田实施方案》

April 1, 2025

USTR releases trade barrier report

𝅘𝅥𝅮 One day more, another day another duty fee. 𝅘𝅥𝅮 On Monday, the Office of the US Trade Representative (USTR) issued a whopping 400-page report on what it regards as unfair trade barriers imposed by other countries on sales of US goods. Some context: One of US President Donald Trump’s first orde…

𝅘𝅥𝅮 One day more, another day another duty fee. 𝅘𝅥𝅮
On Monday, the Office of the US Trade Representative (USTR) issued a whopping 400-page report on what it regards as unfair trade barriers imposed by other countries on sales of US goods.
Some context: One of US President Donald Trump’s first orde...

sources

USTR: USTR Releases 2025 National Trade Estimate Report

Reuters: USTR releases trade barriers report ahead of Trump's reciprocal tariffs

April 1, 2025

Xi tells discipline inspectors to enforce policy implementation

Xi Jinping’s anti-corruption campaign rumbles on. At Monday’s Politburo meeting, Xi and his colleagues heard a report on the latest round of discipline inspections. Some context: In early October, inspectors from the Party’s internal watchdog (CCDI) fanned out to 34 central Party and state instituti…

Xi Jinping’s anti-corruption campaign rumbles on.
At Monday’s Politburo meeting, Xi and his colleagues heard a report on the latest round of discipline inspections.
Some context: In early October, inspectors from the Party’s internal watchdog (CCDI) fanned out to 34 central Party and state instituti...

sources

Xinhua: 李希在二十届中央第四轮巡视工作动员部署会上强调推进新征程巡视工作高质量发展为进一步全面深化改革、推进中国式现代化提供有力保障

Gov.cn: 中共中央政治局召开会议审议《生态环境保护督察工作条例》《关于二十届中央第四轮巡视情况的综合报告》

April 1, 2025

Annual data sales reach RMB 160 billion

What happened: Speaking at a press conference on Monday, officials from the National Data Administration stated that data transactions in China reached RMB 160 billion in 2024. That’s a 30% y/y increase. Our take: We’re bookmarking this number as a benchmark. As the state lays the legal ground f…

What happened: Speaking at a press conference on Monday, officials from the National Data Administration stated that data transactions in China reached RMB 160 billion in 2024.

That's a 30% y/y increase.

Our take: We're bookmarking this number as a benchmark.

As the state lays the legal ground f...

sources

CCTV: 2024年我国数据市场交易规模超1600亿元

April 1, 2025

State-owned coal company says AI boosts profits

What happened: In a recent interview, Liang Yunfeng, Party Secretary and Chairman of the China Coal Shaanxi Energy and Chemical Industry Group, told media that the 2024 profit margin for Dahaize Coal Mine was over 40%. That’s almost 10% higher than the industry average. Dahaize’s secret? Applicati…

That's almost 10% higher than the industry average.

Dahaize’s secret? Applicati...

sources

SCMP: How AI revolution is making a Chinese coal mine turn more profits than an investment bank

Weixin: 专访┃大海则特大型立井全域智能化建设实践——专访中煤陕西能源化工集团董事长梁云峰

China Energy News: 2024年全国煤炭采选业实现营业收入31603.3亿元同比下降11.1%

Weixin: 案例二十二-煤炭行业数据治理实践-中煤大海则煤矿数据标准体系及数据湖建设实践

April 1, 2025

CAC reminds internet companies to censor algorithms at AI conference

What happened: On Sunday, China’s cyberspace regulator (CAC) held a forum on algorithm governance. Representatives from major internet platforms, including Douyin, Alibaba, Meituan, Tencent, Baidu, JD, Xiaohongshu, Bilibili, Weibo, and Kuaishou attended. The details: CAC deputy director Niu Yibing…

What happened: On Sunday, China's cyberspace regulator (CAC) held a forum on algorithm governance.

Representatives from major internet platforms, including Douyin, Alibaba, Meituan, Tencent, Baidu, JD, Xiaohongshu, Bilibili, Weibo, and Kuaishou attended.

The details: CAC deputy director Niu Yibing...

sources

The Paper: 我们被困在算法里了吗？有关部门、互联网企业共议如何推动算法向善向上

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