string(13) "markets-macro"

Macro

September 7, 2023

Flash Talk | Tinkering in the stock, property, and FX markets

Over the last few weeks, Beijing has been tinkering in the stock market, in the property market, and in currency markets. What are China’s authorities up to? In this latest Flash Talk, Trivium Co-founder Andrew Polk and Head of China Markets Research Dinny McMahon talk through the big issues of the … Username Password Remember… Read More »

Over the last few weeks, Beijing has been tinkering in the stock market, in the property market, and in currency markets. What are China's authorities up to?
In this latest Flash Talk, Trivium Co-founder Andrew Polk and Head of China Markets Research Dinny McMahon talk through the big issues of the ...

September 7, 2023

Flash Talk | China’s Play for the Middle East

From energy security to infrastructure projects to peace processes, China is expanding its footprint in the Middle East. In a recording of this live Flash Talk, Trivium’s head of geopolitical research Joe Mazur and SIGNAL’s head of interdisciplinary research Dale Aluf discuss with Trivium partner an…

September 7, 2023

High-tech firms get help on VAT

Beijing wants to ensure its nascent, mega-important advanced manufacturing sector survives the economic downturn. On Wednesday, authorities announced a value-added tax (VAT) deduction policy for advanced manufacturing firms (China Tax). It will be retrospectively applied to the start of 2023 and la…

Beijing wants to ensure its nascent, mega-important advanced manufacturing sector survives the economic downturn.
On Wednesday, authorities announced a value-added tax (VAT) deduction policy for advanced manufacturing firms (China Tax).

It will be retrospectively applied to the start of 2023 and la...

sources

China Tax: 财政部税务总局关于先进制造业企业增值税加计抵减政策的公告财政部税务总局公告2023年第43号

Yicai: 先进制造业加计5%抵减增值税，专家估算可减轻20%税负

September 7, 2023

Integrating for integration

There’s a new body to coordinate regional development. On Tuesday, Guo Lanfeng, a senior official at the macro planner (NDRC), shed light on the newly formed Central Regional Coordinated Development Leading Small Group (CRCDLSG). Some context: LSGs are ad hoc bodies to tackle issues that cut across …

There's a new body to coordinate regional development.
On Tuesday, Guo Lanfeng, a senior official at the macro planner (NDRC), shed light on the newly formed Central Regional Coordinated Development Leading Small Group (CRCDLSG).
Some context: LSGs are ad hoc bodies to tackle issues that cut across ...

sources

SCIO: 国新办举行《河套深港科技创新合作区深圳园区发展规划》新闻发布会图文实录

September 7, 2023

CAS clamps down on corruption

On Tuesday, Chinese media reported the Chinese Academy of Sciences (CAS) updated its code of conduct for member academics. Background: CAS is China’s top research institution, with a host of well-connected members chosen from the country’s scientific elite. More background: CAS’ code of conduct was …

On Tuesday, Chinese media reported the Chinese Academy of Sciences (CAS) updated its code of conduct for member academics.
Background: CAS is China's top research institution, with a host of well-connected members chosen from the country's scientific elite.
More background: CAS' code of conduct was ...

sources

The Paper: 中科院院士行为规范：禁止公开发表与自身专业领域无关的学术意见

China Youth Daily: 新版《中国科学院院士行为规范（试行）》公布增加“禁止行为”章节

September 7, 2023

The golden (e-commerce) oldies

A wobbly economy has policymakers reaching for a time-tested solution. On Sunday, Ministry of Commerce (MofCom) head Chen Chunjiang unveiled the agency’s plan to boost domestic and cross-border e-commerce. Background: Despite China’s economic woes, e-commerce has remained relatively strong. China’…

A wobbly economy has policymakers reaching for a time-tested solution.
On Sunday, Ministry of Commerce (MofCom) head Chen Chunjiang unveiled the agency's plan to boost domestic and cross-border e-commerce.
Background: Despite China's economic woes, e-commerce has remained relatively strong.

China'...

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China Daily: E-commerce progress high on agenda

Gov.cn: 全国新增16家国家电子商务示范基地

People's Daily: 全国统一大市场建设进展如何？商务部回应

September 7, 2023

TikTok tries its best to be open with the EU

TikTok is betting on a transparency strategy with European regulators. On Tuesday, the company announced it had engaged UK-based IT and cybersecurity consultancy NCC Group to audit its data security and transfer practices. Some context: TikTok is facing similar data security scrutiny in the EU as it…

TikTok is betting on a transparency strategy with European regulators.
On Tuesday, the company announced it had engaged UK-based IT and cybersecurity consultancy NCC Group to audit its data security and transfer practices.
Some context: TikTok is facing similar data security scrutiny in the EU as it...

sources

Bloomberg: TikTok Hires UK Security Firm to Audit European Data Protection

Bloomberg: UK Parliament Bans TikTok on Devices and Westminster Network

BBC: TikTok launches Project Clover to allay China security fears

Politico: TikTok to face European privacy fine by September

September 7, 2023

The Big Fund III

China’s chip industry is bracing for a massive cash injection. On Tuesday, citing anonymous sources, Reuters reported that China’s Big Fund is planning to raise a whopping RMB 300 billion cash pot to invest across the chip industry. ICYDK: The Big Fund is China’s largest state-backed semiconduct…

China's chip industry is bracing for a massive cash injection.

On Tuesday, citing anonymous sources, Reuters reported that China's Big Fund is planning to raise a whopping RMB 300 billion cash pot to invest across the chip industry.

ICYDK: The Big Fund is China’s largest state-backed semiconduct...

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Reuters: Exclusive: China to launch $40 billion state fund to boost chip industry

September 6, 2023

We heard you like NEVs

On September 1, Beijing released a two-year growth plan for the auto sector. And – surprise! – it’s almost solely focused on new energy vehicles (NEVs). Virtually the entire plan’s substantive guidance is focused on NEV manufacturing, the national decarbonization strategy, or research on intellige…

On September 1, Beijing released a two-year growth plan for the auto sector.

And – surprise! – it's almost solely focused on new energy vehicles (NEVs).

Virtually the entire plan's substantive guidance is focused on NEV manufacturing, the national decarbonization strategy, or research on intellige...

sources

Gov.cn: 工业和信息化部等七部门关于印发汽车行业稳增长工作方案（2023—2024年）的通知

September 6, 2023

Your debt, your problem

Provincial governments must deal with local government debt risks. That’s according to Finance Minister Liu Kun, who delivered the 2023 budget report to the legislature on August 28. Some context: In July, the Politburo said it would release a “basket of measures” to defuse local government debt r…

Provincial governments must deal with local government debt risks.

That’s according to Finance Minister Liu Kun, who delivered the 2023 budget report to the legislature on August 28.

Some context: In July, the Politburo said it would release a “basket of measures” to defuse local government debt r...

sources

NPC: 国务院关于今年以来预算执行情况的报告

September 6, 2023

No August turnaround

Home sales across China continue to fall. That’s according to the latest data from China Real Estate Information Corp (CRIC), released on Thursday. In August: Sales for China’s top 100 developers slid 1.3% m/m to RMB 343.01 billion. Over 70 developers posted m/m declines in sales. What’s more, s…

Home sales across China continue to fall.

That’s according to the latest data from China Real Estate Information Corp (CRIC), released on Thursday.

In August:

Sales for China’s top 100 developers slid 1.3% m/m to RMB 343.01 billion.
Over 70 developers posted m/m declines in sales.

What's more, s...

sources

CRIC: 2023年1-8月中国房地产企业销售TOP100排行榜

CRIC: 2021年1-8月中国房地产企业销售TOP100排行榜

September 6, 2023

Red Cross, red sickle

The Red Cross can count on China’s support to help those in need. On Tuesday, Xi Jinping met Mirjana Spoljaric Egger, president of the International Committee of the Red Cross (ICRC), in Beijing. This is Spoljaric’s first official visit to China, and the first by an ICRC president since before the …

The Red Cross can count on China's support to help those in need.
On Tuesday, Xi Jinping met Mirjana Spoljaric Egger, president of the International Committee of the Red Cross (ICRC), in Beijing.

This is Spoljaric's first official visit to China, and the first by an ICRC president since before the ...

sources

Source: ICRC President begins first official visit to China

China Daily: Xi meets with Red Cross chief, stresses humanitarian cause

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