string(13) "markets-macro"

Macro

August 22, 2023

The supply chains that bind

Beijing has beef with Washington, but the door’s still open for US business. On Monday, Premier Li Qiang congratulated US-China Business Council (USCBC) Chairman Marc Casper on the organization’s 50th anniversary. Some context: The USCBC is a non-profit organization dedicated to promoting trade betw… Username Password Remember Me Forgot Password

Beijing has beef with Washington, but the door’s still open for US business.
On Monday, Premier Li Qiang congratulated US-China Business Council (USCBC) Chairman Marc Casper on the organization’s 50th anniversary.
Some context: The USCBC is a non-profit organization dedicated to promoting trade betw...

sources

Gov.cn: 李强会见美中贸易全国委员会成立50周年访华团

Reuters: Chinese Premier Li: Sino-U.S. relations, trade cooperation face difficulties

August 22, 2023

Shuffling the debt

Concrete measures to deal with sky-high local government borrowing look imminent. ICYMI: This comes after the Politburo promised a “basket of measures” to reduce debt risks last month. The latest: The finance ministry (MoF) has approved 12 provincial-level authorities to issue RMB 1.5 trillion w…

Concrete measures to deal with sky-high local government borrowing look imminent.

ICYMI: This comes after the Politburo promised a "basket of measures" to reduce debt risks last month.

The latest: The finance ministry (MoF) has approved 12 provincial-level authorities to issue RMB 1.5 trillion w...

sources

Caixin: 最新封面报道 | 如何消化地方债

August 22, 2023

Das kapital market reform

Authorities in Beijing want faster, better, stronger capital markets. In a wide-ranging interview published Friday on the securities regulator’s (CSRC) website, an unnamed official proposed dozens of medium-term measures to get there. ICYMI: A sleuth of bears has descended on China’s equity markets …

Authorities in Beijing want faster, better, stronger capital markets.
In a wide-ranging interview published Friday on the securities regulator’s (CSRC) website, an unnamed official proposed dozens of medium-term measures to get there.
ICYMI: A sleuth of bears has descended on China’s equity markets ...

sources

CSRC: 证监会有关负责人就活跃资本市场、提振投资者信心答记者问

The Paper: 共计10.5亿元！14家公募、3家券商齐出手，年内最密集自购潮来袭

August 22, 2023

Slimmer and more focused

China’s central bank (PBoC) has officially been restructured and slimmed down. ICYDK: The PBoC was due to be restructured following the Party-state reorganization announced at the Two Sessions in March. First off, a new regulatory agency – the National Administration of Financial Regulation (NAFR) …

China's central bank (PBoC) has officially been restructured and slimmed down.
ICYDK: The PBoC was due to be restructured following the Party-state reorganization announced at the Two Sessions in March.
First off, a new regulatory agency – the National Administration of Financial Regulation (NAFR) ...

sources

PBoC: 中国人民银行各省（自治区、直辖市）分行、计划单列市分行及地（市）分行今日挂牌

Caixin: 央行恢复省分行制 25年大区分行制成为历史

August 22, 2023

Quick take: A half-rate surprise

To view this note as a PDF, click here. Interest rates in China continue to fall – but more narrowly than expected. On Monday, China’s one-year loan prime rate (LPR) eased by 10 bps to 3.45% – in line with market (and our) expectations. Meanwhile, the five-year LPR stood unchanged at 4.2%. LPR red…

To view this note as a PDF, click here.
Interest rates in China continue to fall – but more narrowly than expected.
On Monday, China’s one-year loan prime rate (LPR) eased by 10 bps to 3.45% – in line with market (and our) expectations.

Meanwhile, the five-year LPR stood unchanged at 4.2%.

LPR red...

sources

PBoC: 2023年8月21日全国银行间同业拆借中心受权公布贷款市场报价利率（LPR）公告

August 22, 2023

Getting IoT up to standard

On Friday, MIIT released a draft plan to develop a robust standards system for Internet of Things (IoT) infrastructure by 2025. That will include 30 new standards covering: Sensors and perception ICT networks for IoT Data storage and processing Interoperability and distributed computing Radio freq…

On Friday, MIIT released a draft plan to develop a robust standards system for Internet of Things (IoT) infrastructure by 2025.
That will include 30 new standards covering:

Sensors and perception
ICT networks for IoT
Data storage and processing
Interoperability and distributed computing
Radio freq...

sources

MIIT: 公开征求对《物联网新型基础设施标准体系建设指南（2023版）》（征求意见稿）的意见

August 22, 2023

It’s Guizhou’s turn to draft data economy regs

Data economy experimentation is getting underway. Last Thursday, the Guizhou provincial government released draft regulations guiding the buildout of data markets. Some context: This is Guizhou’s follow-up to the Central Committee’s “20 Data Articles” published in December, which provide the high-le…

Data economy experimentation is getting underway.
Last Thursday, the Guizhou provincial government released draft regulations guiding the buildout of data markets.
Some context: This is Guizhou’s follow-up to the Central Committee’s “20 Data Articles” published in December, which provide the high-le...

sources

CNstock: 贵州省数据流通交易促进条例草案公开征求意见推进数字经济发展创新区建设

August 22, 2023

Hashpower to the people

Hashpower is becoming a lynchpin for China’s AI ambitions. Over the weekend, Minister of Industry and Information Technology Jin Zhuanglong gave a keynote speech at China’s National Computing Power Conference in Ningxia. The topic: The status of China’s recent push to boost its national computing po…

Hashpower is becoming a lynchpin for China's AI ambitions.
Over the weekend, Minister of Industry and Information Technology Jin Zhuanglong gave a keynote speech at China’s National Computing Power Conference in Ningxia.
The topic: The status of China's recent push to boost its national computing po...

sources

Xinhua: 2023中国算力大会第二届“西部数谷”算力产业大会在银川盛大启幕

MIIT: 工业和信息化部关于印发“十四五”信息通信行业发展规划的通知

August 22, 2023

Hush, hush, hurry hurry sci-tech come to Xi

On Sunday, we learned that the Central Committee on Science and Technology (CCST) held its first meeting earlier this spring. No official readouts of the meeting were published at the time. But an unrelated meeting readout from August 15 indicates that the CCST meeting already happened. Backgroun…

On Sunday, we learned that the Central Committee on Science and Technology (CCST) held its first meeting earlier this spring.

No official readouts of the meeting were published at the time.
But an unrelated meeting readout from August 15 indicates that the CCST meeting already happened.

Backgroun...

sources

Weixin: 新成立的中央科技委员会，已首次亮相

Ministry of Science and Technology: 社发司党支部召开集体学习会议

Ministry of Science and Technology: 平台中心党支部开展干部队伍能力素质大讨论

Ministry of Science and Technology: 国外人才研究中心开展“树立和践行正确政绩观，提升能力素质”大讨论

August 21, 2023

House of the rising sun

China’s solar energy capacity is growing at remarkable rates. On Thursday, the energy regulator (NEA) published energy installation statistics covering January to July. The numbers are nothing short of astonishing. According to the NEA: In just seven months, China installed a staggering 97.2 GW of …

China’s solar energy capacity is growing at remarkable rates.
On Thursday, the energy regulator (NEA) published energy installation statistics covering January to July.
The numbers are nothing short of astonishing. According to the NEA:

In just seven months, China installed a staggering 97.2 GW of ...

sources

NEA: 国家能源局发布1-7月份全国电力工业统计数据

August 21, 2023

Report it if you don’t like it

Beijing will support foreign businesses in combating misinformation on the internet. ICYMI: On August 10, the cybersecurity watchdog (CAC) launched a campaign to stamp out harmful misinformation about businesses and entrepreneurs. But it wasn’t clear if foreign businesses would benefit …

Beijing will support foreign businesses in combating misinformation on the internet.
ICYMI: On August 10, the cybersecurity watchdog (CAC) launched a campaign to stamp out harmful misinformation about businesses and entrepreneurs.

But it wasn’t clear if foreign businesses would benefit ...

sources

State Council: 国务院关于进一步优化外商投资环境加大吸引外商投资力度的意见

August 21, 2023

Couldn’t have said it better

Belarus’s foreign policy is picking up what China is laying down. On Thursday, Defense Minister Li Shangfu met with Belarusian President Aleksandr Lukashenko. Li was on a six-day trip to Russia and Belarus. Li made some fairly boilerplate comments (China Military): “China is willing to work with …

Belarus's foreign policy is picking up what China is laying down.
On Thursday, Defense Minister Li Shangfu met with Belarusian President Aleksandr Lukashenko.

Li was on a six-day trip to Russia and Belarus.

Li made some fairly boilerplate comments (China Military):

“China is willing to work with ...

sources

China Military: Belarusian President meets Chinese Defense Minister

Belarussian President's Office: Meeting with Minister of National Defense of China Li Shangfu

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