string(13) "markets-macro"

Macro

March 21, 2025

Premier Li Qiang promises support for exporters during Fujian tour

China’s top leadership wants to support private companies – especially those with links to global markets. Premier Li Qiang spent the past few days in Fujian province, visiting influential private-sector firms with global footprints, including: Anta Group – the world’s largest sportswear company HA… Username Password Remember Me Forgot Password

China's top leadership wants to support private companies – especially those with links to global markets.
Premier Li Qiang spent the past few days in Fujian province, visiting influential private-sector firms with global footprints, including:

Anta Group – the world's largest sportswear company
HA...

sources

CCTV: 李强在福建调研

March 21, 2025

Xi Jinping pushes industrial upgrading with “local characteristics” in Yunnan

Xi Jinping wants no industry left behind in his industrial upgrading mission. On Thursday, the big man wrapped up a two-day tour of Yunnan province, following a trip to neighboring Guizhou. During a meeting with Yunnan provincial leadership, Xi emphasized that: “Given the differences in resource en…

Xi Jinping wants no industry left behind in his industrial upgrading mission.
On Thursday, the big man wrapped up a two-day tour of Yunnan province, following a trip to neighboring Guizhou.
During a meeting with Yunnan provincial leadership, Xi emphasized that:

“Given the differences in resource en...

sources

Gov.cn: 习近平在云南考察时强调：解放思想改革创新奋发进取真抓实干在中国式现代化进程中开创云南发展新局面

March 21, 2025

Podcast | Action plan on consumption + the trade war’s ag impact

In this week’s podcast, Trivium China Co-founder Andrew Polk is joined by Trivium’s Director of China Ag Research Even Pay. The two first discuss the biggest policy move out of China over the last week: Beijing’s big new action plan to boost consumption. Spoiler alert: There’s a lot in the plan, but…

In this week’s podcast, Trivium China Co-founder Andrew Polk is joined by Trivium’s Director of China Ag Research Even Pay.
The two first discuss the biggest policy move out of China over the last week: Beijing’s big new action plan to boost consumption.
Spoiler alert: There’s a lot in the plan, but...

March 21, 2025

Tencent betting on AI, but not going all-in yet

Tencent is cautiously ramping up AI infrastructure investment. On Wednesday, Tencent released its Q4 earnings report. The report didn’t include a hard number on capex for 2025, but it did say capex would be in the “low teens” as a percentage of revenue. That translates to an estimated capex of RMB …

Tencent is cautiously ramping up AI infrastructure investment.
On Wednesday, Tencent released its Q4 earnings report.

The report didn't include a hard number on capex for 2025, but it did say capex would be in the “low teens” as a percentage of revenue.
That translates to an estimated capex of RMB ...

sources

Seeking Alpha: Tencent Holdings Limited (TCEHY) Q4 2024 Earnings Call Transcript

180K: 腾讯业绩会上的一些关键数字+重点（3月19日）

March 20, 2025

New food safety guidelines push coordination between ministries

Beijing is taking aim at the bureaucratic silos that threaten food safety. On Wednesday, the Party Central Committee and State Council jointly issued guidelines on strengthening food safety supervision along the entire supply chain. The guidelines focus on a persistent source of food safety failure…

Beijing is taking aim at the bureaucratic silos that threaten food safety.
On Wednesday, the Party Central Committee and State Council jointly issued guidelines on strengthening food safety supervision along the entire supply chain.
The guidelines focus on a persistent source of food safety failure...

sources

Gov.cn: 中共中央办公厅国务院办公厅关于进一步强化食品安全全链条监管的意见

March 20, 2025

China prepares for IP lawfare

On Wednesday, the State Council released regulations governing foreign-related IP disputes. FYI: “Foreign-related” is a squishy term – but in this case it refers to IP legal issues encountered by Chinese companies in foreign jurisdictions. Some context: China accuses the US of using IP law to unfair…

On Wednesday, the State Council released regulations governing foreign-related IP disputes.
FYI: “Foreign-related” is a squishy term – but in this case it refers to IP legal issues encountered by Chinese companies in foreign jurisdictions.
Some context: China accuses the US of using IP law to unfair...

sources

Gov.cn: 国务院关于涉外知识产权纠纷处理的规定

MOJ: 《国务院关于涉外知识产权纠纷处理的规定（公开征求意见稿）》发布

IP Forefront: 马忠法陈欣悦 | 涉外知识产权法治的含义、发展趋势及其应对

March 20, 2025

MofCom reportedly delays approval of BYD’s Mexico plant fearing IP theft

Chinese automakers’ global ambitions continue to get caught in the geopolitical crossfire. On Wednesday, the FT reported that China’s commerce ministry (MofCom) has delayed regulatory approval for new energy vehicle (NEV) giant BYD’s planned manufacturing plant in Mexico. The FT attributes the dela…

Chinese automakers' global ambitions continue to get caught in the geopolitical crossfire.
On Wednesday, the FT reported that China's commerce ministry (MofCom) has delayed regulatory approval for new energy vehicle (NEV) giant BYD’s planned manufacturing plant in Mexico.

The FT attributes the dela...

sources

FT: China delays approval of BYD’s Mexico plant amid fears tech could leak to US

March 20, 2025

Beijing to introduce mandatory green electricity certificate (GEC) consumption quotas for key industries

Beijing is planning to mandate industrial renewable power consumption. On Tuesday, several agencies, led by the macro planner (NDRC) and energy regulator (NEA), issued guidelines outlining plans to introduce mandatory green electricity certificate (GEC) consumption quotas for key industries. The cov…

Beijing is planning to mandate industrial renewable power consumption.
On Tuesday, several agencies, led by the macro planner (NDRC) and energy regulator (NEA), issued guidelines outlining plans to introduce mandatory green electricity certificate (GEC) consumption quotas for key industries.
The cov...

sources

Gov.cn: 国家发展改革委等部门关于促进可再生能源绿色电力证书市场高质量发展的意见

March 19, 2025

Chinese oil majors cut Russian imports over sanctions risk

China’s largest oil companies are curtailing Russian oil imports as they reassess US sanctions risks. According to a Reuters report published Friday, in March: PetroChina and CNOOC – two of China’s “Big Three” national oil companies (NOCs) – reduced imports. Sinopec – the third of the Big Three –…

China’s largest oil companies are curtailing Russian oil imports as they reassess US sanctions risks.
According to a Reuters report published Friday, in March:

PetroChina and CNOOC – two of China's "Big Three" national oil companies (NOCs) – reduced imports.

Sinopec – the third of the Big Three –...

sources

Reuters: Exclusive: China state firms curb Russian oil imports on sanctions risks, sources say

March 19, 2025

Property sales resume decline in January-February, but inventory buildup slows

The stats bureau’s (NBS) latest data for the property sector, published Monday, paints a mixed picture. First, the bad: Home sales dropped 0.4% y/y in value in the January-February period, while sales by floor space fell 3.4% y/y. This reverses the momentum seen in November and December, when a pac…

The stats bureau’s (NBS) latest data for the property sector, published Monday, paints a mixed picture.
First, the bad: Home sales dropped 0.4% y/y in value in the January-February period, while sales by floor space fell 3.4% y/y.

This reverses the momentum seen in November and December, when a pac...

sources

NBS: 2025年1—2月份全国房地产市场基本情况

March 19, 2025

Nio and CATL partner to promote battery swapping commercialization

The battle over China’s new energy vehicle (NEV) refueling ecosystem is intensifying. On Monday, battery giant CATL and leading NEV startup Nio entered an agreement to advance cooperation in battery swapping (BS). CATL cemented the partnership by acquiring a RMB 2.5 billion stake in Nio. Some cont…

The battle over China’s new energy vehicle (NEV) refueling ecosystem is intensifying.
On Monday, battery giant CATL and leading NEV startup Nio entered an agreement to advance cooperation in battery swapping (BS).

CATL cemented the partnership by acquiring a RMB 2.5 billion stake in Nio.

Some cont...

sources

Nio: 蔚来与宁德时代达成换电战略合作

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