string(13) "markets-macro"

Macro

November 10, 2023

Xi raises AI governance at WIC

When it comes to digital policy, Beijing is increasingly shouting into a diplomatic void. Yesterday, Xi Jinping delivered a video speech to open the 10th annual World Internet conference. Some context: The WIC was created to promote Chinese internet governance ideals. Mostly, Xi repeated his favori… Username Password Remember Me Forgot Password

When it comes to digital policy, Beijing is increasingly shouting into a diplomatic void.
Yesterday, Xi Jinping delivered a video speech to open the 10th annual World Internet conference.
Some context: The WIC was created to promote Chinese internet governance ideals.
Mostly, Xi repeated his favori...

sources

Xinhua: 习近平向2023年世界互联网大会乌镇峰会开幕式发表视频致辞

November 10, 2023

China gets a sci-tech report card

Chinese companies need to put more money where their science is. That was one key finding from an investigative report released October 31 by a team from the National People’s Congress. The report outlined what the team discovered during a June-September review of how well the Science and Technolog…

Chinese companies need to put more money where their science is.
That was one key finding from an investigative report released October 31 by a team from the National People's Congress.

The report outlined what the team discovered during a June-September review of how well the Science and Technolog...

sources

NPC: 全国人民代表大会常务委员会执法检查组关于检查《中华人民共和国科学技术进步法》实施情况的报告

November 10, 2023

Dancing with deflation

China continues its knife-edge dance with deflation. On Wednesday, the stats bureau (NBS) published inflation data for October. The headlines: The consumer price index (CPI) fell 0.2% y/y, compared to a flat print in September. The producer price index (PPI) fell 2.6% y/y, down from a 2.1% fall in …

China continues its knife-edge dance with deflation.
On Wednesday, the stats bureau (NBS) published inflation data for October.
The headlines:

The consumer price index (CPI) fell 0.2% y/y, compared to a flat print in September.
The producer price index (PPI) fell 2.6% y/y, down from a 2.1% fall in ...

sources

NBS: 国家统计局城市司首席统计师董莉娟解读2023年10月份CPI和PPI数据

November 10, 2023

Security means digging deeper holes

Beijing is urging increased domestic production and reserves of critical energy and mineral resources. The latest: Minister of Natural Resources Wang Guanghua got the message out on Wednesday via the state-owned Economic Daily. ICYDK: Resource security is a rapidly rising priority. Wang’s call follo…

Beijing is urging increased domestic production and reserves of critical energy and mineral resources.
The latest: Minister of Natural Resources Wang Guanghua got the message out on Wednesday via the state-owned Economic Daily.
ICYDK: Resource security is a rapidly rising priority. Wang's call follo...

sources

The Paper: 自然资源部部长王广华：推动重要能源和矿产资源增储上产

MNR: 我国将24种矿产确定为战略性矿产

November 10, 2023

China’s auto growth is electrifying

New energy vehicles’ (NEV) market penetration continues to rise. On Wednesday, the China Passenger Car Association released October data showing: A 10.2% y/y increase in total vehicle sales, beating out September’s already impressive 9.5% growth A 37.5% y/y rise in NEV sales All told, NEVs represe…

New energy vehicles' (NEV) market penetration continues to rise.
On Wednesday, the China Passenger Car Association released October data showing:

A 10.2% y/y increase in total vehicle sales, beating out September's already impressive 9.5% growth
A 37.5% y/y rise in NEV sales

All told, NEVs represe...

sources

CPCA: 【月度分析】2023年10月份全国乘用车市场分析

Bloomberg: China Car Sales Surge on Promotions and Boom in Electric Vehicles

November 10, 2023

A sympathetic ear

Regulators are exploring how they can help China’s overstretched developers. The latest: On Tuesday, the central bank (PBoC), along with the housing ministry (MoHURD), financial regulator (NFRA), and securities regulator (CSRC), met with developers to discuss funding conditions. Attendees included s…

Regulators are exploring how they can help China’s overstretched developers.
The latest: On Tuesday, the central bank (PBoC), along with the housing ministry (MoHURD), financial regulator (NFRA), and securities regulator (CSRC), met with developers to discuss funding conditions.
Attendees included s...

sources

Cailianshe: 财联社债市早参11月8日 | 四部委召开房企融资座谈会了解融资需求；央行：实施针对性政策助部分地方债务风险逐步收敛

Cailianshe: 独家｜四部委召集房企开会聊了些啥？关键内容来了

CRIC: 资本月报 | 融资总量创2020年以来单月新低，公募REITs扩张至商业地产 (2023年10月)

Reuters: Reaction to Reuters report on potential Ping An rescue of Country Garden

November 10, 2023

No Party, no finance

The Party doesn’t trust the financial sector to implement its policies. The latest: On Wednesday, Yi Huiman, chairman of the securities regulator (CSRC), spoke at the annual Financial Street Forum in Beijing where he made this point crystal clear. Some context: Since stepping into the CSRC’s top rol…

The Party doesn’t trust the financial sector to implement its policies.
The latest: On Wednesday, Yi Huiman, chairman of the securities regulator (CSRC), spoke at the annual Financial Street Forum in Beijing where he made this point crystal clear.
Some context: Since stepping into the CSRC’s top rol...

sources

CSRC: 坚守主责主业守牢风险底线全力维护资本市场平稳健康发展——易会满主席在2023金融街论坛年会上的主题演讲

CSRC: 易会满主席在2022金融街论坛年会上的主题演讲

November 10, 2023

Cheaper ore for greener steel

The price of iron ore is too darn high. That’s according to Guo Bin, the president of China Mineral Resources Group (CMRG), speaking on Tuesday. ICYDK: CMRG was charged with consolidating China’s iron ore imports and bargaining down the price of ore from foreign suppliers when it was set up in July…

The price of iron ore is too darn high.
That's according to Guo Bin, the president of China Mineral Resources Group (CMRG), speaking on Tuesday.
ICYDK: CMRG was charged with consolidating China's iron ore imports and bargaining down the price of ore from foreign suppliers when it was set up in July...

sources

Bloomberg: China’s State-Backed Iron Ore Giant Says Prices Are Too High

Sina Finance: 郭斌：全球矿产资源产业链供应链正面临新一轮重构

November 9, 2023

A diplomatic error

Spies are everywhere! Even among China’s diplomatic ranks. So says Zhang Jiwen from the Party’s anti-corruption watchdog (CCDI), who heads investigations across China’s foreign policy establishment. Zhang penned an article on the CCDI website saying: “[Diplomatic staff] are on the front line in t…

Spies are everywhere! Even among China’s diplomatic ranks.

So says Zhang Jiwen from the Party’s anti-corruption watchdog (CCDI), who heads investigations across China’s foreign policy establishment.

Zhang penned an article on the CCDI website saying:

“[Diplomatic staff] are on the front line in t...

sources

Shanghai Observer: 《中国纪检监察》刊文：以深入调查研究推动防范化解对外工作领域风险

November 9, 2023

China’s meh-thane plan

China’s new Methane Emissions Control Action Plan is a big let-down. Take a step back: On Tuesday, the energy regulator released a long-awaited plan to reduce methane emissions. China initially agreed to draft the plan in 2021, at the COP26 in Glasgow. It’s been a long time coming and… it kinda su…

China’s new Methane Emissions Control Action Plan is a big let-down.
Take a step back: On Tuesday, the energy regulator released a long-awaited plan to reduce methane emissions.

China initially agreed to draft the plan in 2021, at the COP26 in Glasgow.

It’s been a long time coming and… it kinda su...

sources

MEE: 生态环境部联合有关部门发布《甲烷排放控制行动方案》

November 9, 2023

Putin our friendship first

Beijing has no intentions of distancing itself from Russia. (just in case there were any lingering doubts) On Wednesday, vice chairman of the Central Military Commission Zhang Youxia met with Russian President Vladimir Putin in Moscow. This is Putin’s fourth meeting with a top Chinese official si…

Beijing has no intentions of distancing itself from Russia.

(just in case there were any lingering doubts)

On Wednesday, vice chairman of the Central Military Commission Zhang Youxia met with Russian President Vladimir Putin in Moscow.

This is Putin's fourth meeting with a top Chinese official si...

sources

CPC People: 俄罗斯总统普京会见张又侠

Reuters: Putin lauds Russia's 'high-tech' military cooperation with China

November 9, 2023

China and US consult on defense issues

China and the US want to avoid military misunderstandings. In the past week, officials from the US State Department and the Chinese Foreign Ministry have consulted on key security questions. On Friday, representatives met in Beijing to discuss maritime issues, including the growing US presence in t…

China and the US want to avoid military misunderstandings.
In the past week, officials from the US State Department and the Chinese Foreign Ministry have consulted on key security questions.

On Friday, representatives met in Beijing to discuss maritime issues, including the growing US presence in t...

sources

Caixin: China, U.S. Hold Talks on Maritime Security

US State Department: Assistant Secretary Mallory Stewart’s Meeting with the People’s Republic of China’s (PRC) Ministry of Foreign Affairs Director-General of Arms Control Sun Xiaobo

Bloomberg: US Defense Chief Lloyd Austin Asks to Meet With China’s Still-Unnamed Counterpart

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