string(13) "markets-macro"

Macro

March 28, 2025

Guangdong targets cross-border low altitude flights

What happened: Guangdong province is building out the infrastructure to support flying taxis. A three-year action plan for transportation development, released Monday, said the province will: Build flight service stations in Guangzhou, Shenzhen and Zhuhai Promote the construction of drone take-off … Username Password Remember Me Forgot Password

What happened: Guangdong province is building out the infrastructure to support flying taxis. A three-year action plan for transportation development, released Monday, said the province will:

Build flight service stations in Guangzhou, Shenzhen and Zhuhai
Promote the construction of drone take-off ...

sources

Guangdong Gov: 广东省人民政府办公厅关于印发广东省交通运输高质量发展三年行动方案（2025—2027年）的通知

March 28, 2025

TikTok… or tariffs

What happened: Speaking at the White House on Wednesday, Trump suggested that he might consider giving China a break on tariffs, if Beijing agrees to greenlight a sale of TikTok. (YouTube) “Every point in tariffs is worth more than TikTok, so in order to get China to [give approval], maybe I’d give…

What happened: Speaking at the White House on Wednesday, Trump suggested that he might consider giving China a break on tariffs, if Beijing agrees to greenlight a sale of TikTok. (YouTube)

“Every point in tariffs is worth more than TikTok, so in order to get China to [give approval], maybe I’d give...

sources

Youtube: Trump Says He May Cut China Tariffs for TikTok Deal

The Economist: The impact of US tariffs on China: three scenarios

March 27, 2025

Podcast | Beijing courts global CEOs + sharpens economic coercion tools

This week, Trivium China Co-founder Andrew Polk sat down in Shanghai with fellow Co-founder Ether Yin and Trivium’s Head of Geopolitical Research Joe Mazur to discuss: Global businesses in Beijing for the China Development Forum The messages Chinese leaders are sending to the business community The…

This week, Trivium China Co-founder Andrew Polk sat down in Shanghai with fellow Co-founder Ether Yin and Trivium’s Head of Geopolitical Research Joe Mazur to discuss:

Global businesses in Beijing for the China Development Forum
The messages Chinese leaders are sending to the business community
The...

March 27, 2025

National carbon market rules for cement, iron and steel, and aluminum finalized

China’s national emissions trading scheme (ETS) is expanding. On Friday, the Ministry of Ecology and Environment (MEE) released rules adding cement, iron and steel, and aluminum smelting to the national ETS. Some context: China’s ETS launched in 2021 and only covers the power sector. The ETS a…

China’s national emissions trading scheme (ETS) is expanding.
On Friday, the Ministry of Ecology and Environment (MEE) released rules adding cement, iron and steel, and aluminum smelting to the national ETS.
Some context: China’s ETS launched in 2021 and only covers the power sector.

The ETS a...

sources

MEE: 关于印发《全国碳排放权交易市场覆盖钢铁、水泥、铝冶炼行业工作方案》的通知

March 27, 2025

China’s top policy advisors pushing for rapid increases in rural pensions

Some of China’s most influential economic policy advisors are calling on the government to boost basic rural pensions. Liu Shijin, a top advisor who spent eight years on the central bank’s (PBoC) monetary policy committee, raised the idea at the China Development Forum (CDF) on Monday. Guo Shuqing,…

Some of China's most influential economic policy advisors are calling on the government to boost basic rural pensions.

Liu Shijin, a top advisor who spent eight years on the central bank's (PBoC) monetary policy committee, raised the idea at the China Development Forum (CDF) on Monday.
Guo Shuqing,...

sources

Yicai: 刘世锦：如果农村居民养老金支出增加1万亿元，可为年度经济增长提供近1个百分点增长动能

The Paper: 郭树清：应尽早推动落实城乡居民养老金逐步追平到城镇职工的低线

March 27, 2025

South Korean battery giant LGES pursues LFP technology in bid to narrow gap with Chinese rivals

Chinese lithium-ion battery (LIB) giants face stiffening competition from international rivals. On Tuesday, Jiemian reported that South Korea’s LGES, the world’s third-largest LIB maker, has poached the core team of struggling Chinese battery maker JEVE. LGES hopes to use the team’s expertise to ra…

Chinese lithium-ion battery (LIB) giants face stiffening competition from international rivals.
On Tuesday, Jiemian reported that South Korea’s LGES, the world’s third-largest LIB maker, has poached the core team of struggling Chinese battery maker JEVE.

LGES hopes to use the team's expertise to ra...

sources

Jiemian: 【独家】补强磷酸铁锂电池业务，LG新能源引入前捷威动力核心团队

March 27, 2025

Infrastructure spending slows in first two months of 2025

Public budget data show that infrastructure spending slowed significantly in the first two months of 2025, setting up a downturn in infrastructure activity over the next few months. Per data released by the finance ministry (MoF) on Monday, government funding of agriculture, forestry, and irrigation…

Public budget data show that infrastructure spending slowed significantly in the first two months of 2025, setting up a downturn in infrastructure activity over the next few months.
Per data released by the finance ministry (MoF) on Monday, government funding of agriculture, forestry, and irrigation...

sources

MoF: 2025年1-2月财政收支情况

March 27, 2025

He Lifeng and Jamieson Greer talk past one another

US-China trade talks are going nowhere fast. On Wednesday, Vice Premier He Lifeng held a video call with newly confirmed US Trade Representative Jamieson Greer. Some context: Since US President Donald Trump returned to office, the US has imposed two sets of 10% tariffs on Chinese goods, prompting a …

US-China trade talks are going nowhere fast.
On Wednesday, Vice Premier He Lifeng held a video call with newly confirmed US Trade Representative Jamieson Greer.
Some context: Since US President Donald Trump returned to office, the US has imposed two sets of 10% tariffs on Chinese goods, prompting a ...

sources

USTR: Readout of Ambassador Jamieson Greer’s Meeting with China’s Vice Premier He Lifeng

Xinhua: Chinese vice premier holds video talks with U.S. trade representative

Reuters: US trade chief, Chinese vice premier express 'candid' concerns on trade tensions

March 26, 2025

Alibaba sees bubble in AI infrastructure buildout

What happened: Alibaba Chairman Joe Tsai said on Tuesday that he sees a potential bubble forming in the US AI compute buildout, arguing that the pace of infrastructure investment may be significantly outstripping actual demand for AI services (Reuters): “People are talking about $500 billion, sever…

"People are talking about $500 billion, sever...

sources

Caixin: 蔡崇信：数据中心的投资可能已现泡沫

Reuters: Alibaba says to restart hiring, sees signs of start of AI bubble in the US

March 26, 2025

Ant Group lowers compute costs with new model

What happened: Ant Group has released a paper claiming that its large language model, the Ling-Plus-Base model, can be trained on lower-performance domestic GPUs. This reportedly cuts training costs by 20% and reduces reliance on US-made chips. The paper states that Ling-Plus-Base is a Mixture-of-…

The paper states that Ling-Plus-Base is a Mixture-of-...

sources

SCMP: Ant Group’s use of China-made GPUs, not Nvidia, cuts AI model training costs by 20%

March 26, 2025

China dangles device subsidies in front of Apple

What happened: On Monday, Minister of Commerce Wang Wentao met with Apple CEO Tim Cook on the sidelines of the China Development Forum (CDF). Wang told Cook that foreign companies would enjoy equal participation in China’s consumer device trade-in-program. Some background: China’s consumer device…

What happened: On Monday, Minister of Commerce Wang Wentao met with Apple CEO Tim Cook on the sidelines of the China Development Forum (CDF).

Wang told Cook that foreign companies would enjoy equal participation in China's consumer device trade-in-program.

Some background: China's consumer device...

sources

Yicai: 商务部部长王文涛会见苹果公司首席执行官库克

March 26, 2025

Deep dive | How Beijing could intervene in Hong Kong conglomerate’s Panama port sale

Hong Kong infrastructure conglomerate CK Hutchison (CKH) has ignited a geopolitical firestorm. On March 4, the conglomerate announced that it had reached a USD 22.8 billion deal to sell its ports business to an investor group headed by US investment giant BlackRock. The planned transaction co…

Hong Kong infrastructure conglomerate CK Hutchison (CKH) has ignited a geopolitical firestorm.
On March 4, the conglomerate announced that it had reached a USD 22.8 billion deal to sell its ports business to an investor group headed by US investment giant BlackRock.

The planned transaction co...

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