string(13) "markets-macro"

Macro

November 8, 2023

Xi pledges more BRI cooperation with Greece and Serbia

Xi Jinping wants to keep the Belt and Road Initiative (BRI) relevant in Europe. This week, the big man met separately with Greek Prime Minister Kyriakos Mitsotakis and Serbian Prime Minster Ana Brnabić in Beijing. His message: Friendship with China still has its benefits. Some context: Even as much … Username Password Remember Me … Read More »

Xi Jinping wants to keep the Belt and Road Initiative (BRI) relevant in Europe.
This week, the big man met separately with Greek Prime Minister Kyriakos Mitsotakis and Serbian Prime Minster Ana Brnabić in Beijing.
His message: Friendship with China still has its benefits.
Some context: Even as much ...

sources

MoFA: Xi meets Greek prime minister

MoFA: Xi meets Serbian prime minister

November 8, 2023

100 local decarbonization pilots to launch

China is taking a big step forward in its efforts to decarbonize. On Monday, the macro planner (NDRC) said it will select 100 cities and industrial parks to act as peak-carbon pilot zones. Local governments have until November 15 to submit candidate pilots. Results will be announced in batches, wit…

China is taking a big step forward in its efforts to decarbonize.
On Monday, the macro planner (NDRC) said it will select 100 cities and industrial parks to act as peak-carbon pilot zones.

Local governments have until November 15 to submit candidate pilots.
Results will be announced in batches, wit...

sources

Gov.cn: 国家发展改革委关于印发《国家碳达峰试点建设方案》的通知

Gov.cn: 国家发展改革委有关负责同志就《国家碳达峰试点建设方案》答记者问

November 8, 2023

Still a buyer’s market

Secondhand property prices have reached new lows. And that’s bad news for the broader property sector recovery. According to housing price data from 100 cities compiled by the China Index Academy – an independent real estate data provider – in October: Average listing prices of pre-owned homes fe…

Secondhand property prices have reached new lows.

And that's bad news for the broader property sector recovery.

According to housing price data from 100 cities compiled by the China Index Academy – an independent real estate data provider – in October:

Average listing prices of pre-owned homes fe...

sources

China Index Academy: 《中国房地产指数系统百城价格指数报告（2023年10月）》

Zhuge Housing Data Research Center: 二手房月报|10月二手房成交量继续回升，一线城市北、上成交冲高后本月回归常态

November 8, 2023

Putting the “rare” in rare earth prices

Beijing’s on a mission to better capture the benefits of China’s rare earth element (REE) industry dominance. The latest: At the November 3 State Council executive meeting, Premier Li Qiang reaffirmed Beijing’s REE strategy. Consolidate production (to concentrate assets and reduce unit costs) Crack…

Beijing's on a mission to better capture the benefits of China's rare earth element (REE) industry dominance.
The latest: At the November 3 State Council executive meeting, Premier Li Qiang reaffirmed Beijing's REE strategy.

Consolidate production (to concentrate assets and reduce unit costs)
Crack...

sources

Gov.cn: 李强主持召开国务院常务会议研究推动稀土产业高质量发展有关工作等

November 8, 2023

Exports down again, imports surprisingly up

China’s customs bureau released the monthly trade data for October on Tuesday. The headlines: Exports fell 6.4% y/y in dollar terms in October, down from a 6.2% fall in September. Imports grew by 3.0% y/y, versus a 6.3% fall last month. The trade surplus shrunk to USD 56.5 billion, from a USD 77.8 …

China’s customs bureau released the monthly trade data for October on Tuesday.
The headlines:

Exports fell 6.4% y/y in dollar terms in October, down from a 6.2% fall in September.
Imports grew by 3.0% y/y, versus a 6.3% fall last month.
The trade surplus shrunk to USD 56.5 billion, from a USD 77.8 ...

sources

Gov.cn: 今年前10个月我国进出口实现正增长

STCN: 海关总署发布重要数据

November 7, 2023

New border inspection rules coming

Beijing wants to toughen up health inspection protocols at the border. On Friday, the State Council approved draft amendments to China’s Frontier Health and Quarantine Law. Some context: The law governs protocols for monitoring infectious diseases that pass across China’s border via people, goods, a…

Beijing wants to toughen up health inspection protocols at the border.
On Friday, the State Council approved draft amendments to China's Frontier Health and Quarantine Law.
Some context: The law governs protocols for monitoring infectious diseases that pass across China's border via people, goods, a...

sources

Gov.cn: 李强主持召开国务院常务会议研究推动稀土产业高质量发展有关工作等

November 7, 2023

Can the NDA get your WeChat?

Readers interested in data governance have been eagerly observing as the new National Data Administration (NDA) gets up and running. We’ve got another little piece of news: On Friday, the NDA launched its official WeChat account. Huzzah! Some background: The NDA was established in March during th…

Readers interested in data governance have been eagerly observing as the new National Data Administration (NDA) gets up and running.
We've got another little piece of news: On Friday, the NDA launched its official WeChat account.

Huzzah!

Some background: The NDA was established in March during th...

November 7, 2023

Micron and MofCom are all snuggles

Micron’s efforts to get back on Beijing’s good side appear to be working. On Friday, the Ministry of Commerce (MofCom) announced that Minister Wang Wentao had met with Micron CEO Sanjay Mehrotra on Wednesday. According to the meeting readout, Wang indicated that Micron’s regulatory troubles may soo…

Micron's efforts to get back on Beijing's good side appear to be working.
On Friday, the Ministry of Commerce (MofCom) announced that Minister Wang Wentao had met with Micron CEO Sanjay Mehrotra on Wednesday.
According to the meeting readout, Wang indicated that Micron's regulatory troubles may soo...

sources

MofCom: 王文涛部长会见美光科技公司总裁兼首席执行官桑杰·梅赫罗特拉

November 6, 2023

Albanese kicks off China trip

After seven long years, an Australian PM has finally returned to China. On Saturday, Prime Minister Anthony Albanese arrived in Shanghai, kicking off a three-day China tour. This is the first visit by an Australian PM since 2016. The intervening years saw Sino-Australian ties fall to historic lows,…

After seven long years, an Australian PM has finally returned to China.
On Saturday, Prime Minister Anthony Albanese arrived in Shanghai, kicking off a three-day China tour.

This is the first visit by an Australian PM since 2016.
The intervening years saw Sino-Australian ties fall to historic lows,...

sources

Australian Prime Minster's Office: OPENING SESSION OF THE CHINA INTERNATIONAL IMPORT EXPO

Australian Prime Minster's Office: PRESS CONFERENCE

November 6, 2023

Another step forward for patent reform

Efforts to reform the intellectual property system are picking up. On Friday, the State Council approved new implementing rules for the Patent Law. Some context: China passed an amended Patent Law in 2020, which streamlined patent filing procedures and strengthened IPR protections. The newly update…

Efforts to reform the intellectual property system are picking up.
On Friday, the State Council approved new implementing rules for the Patent Law.
Some context: China passed an amended Patent Law in 2020, which streamlined patent filing procedures and strengthened IPR protections.

The newly update...

sources

Gov.cn: 李强主持召开国务院常务会议研究推动稀土产业高质量发展有关工作等

China Economic Weekly: 一个月内国务院3次开会研究

November 6, 2023

It’s not me, it’s you

Beijing’s geopolitical chickens are coming home to roost. On Friday, Japanese Prime Minister Kishida Fumio and Philippine President Ferdinand Marcos Jr. agreed to negotiate a defense pact. The agreement would allow troops to conduct joint military exercises in each other’s territory – and is part …

Beijing's geopolitical chickens are coming home to roost.
On Friday, Japanese Prime Minister Kishida Fumio and Philippine President Ferdinand Marcos Jr. agreed to negotiate a defense pact.

The agreement would allow troops to conduct joint military exercises in each other’s territory – and is part ...

sources

Ministry of Foreign Affairs of Japan: Prime Minister KISHIDA Fumio’s Visit to the Philippines (November 3)

AP: Japan and Philippine leaders agree to negotiate defense pact and boost ties amid China’s aggression

Philippines Department of Transportation: PH LOOKING FOR OTHER FUNDING SOURCE FOR TRANSPORT PROJECTS AFTER CHINESE INTEREST WANED: SEC. BAUTISTA

November 6, 2023

Xi tells Scholz not to de-risk

Beijing wants Berlin to persuade Brussels out of de-risking. On Friday, Xi Jinping met with German Chancellor Olaf Scholz via video link. ICYMI: The EU is increasing scrutiny of China’s trade practices, recently launching anti-subsidy investigation into Chinese-made electric vehicles and contemplati…

Beijing wants Berlin to persuade Brussels out of de-risking.
On Friday, Xi Jinping met with German Chancellor Olaf Scholz via video link.
ICYMI: The EU is increasing scrutiny of China's trade practices, recently launching anti-subsidy investigation into Chinese-made electric vehicles and contemplati...

sources

CCTV: [视频]习近平同德国总理举行视频会晤

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