string(13) "markets-macro"

Macro

August 17, 2023

Cautiously optimistic

Foreign chambers of commerce are cautiously optimistic about the State Council’s recent push to support and attract foreign investment. ICYMI: On Sunday, the State Council issued 24 measures to improve the business environment for foreign companies. US, European, and Japanese chambers of commerce ha… Username Password Remember Me Forgot Password

Foreign chambers of commerce are cautiously optimistic about the State Council's recent push to support and attract foreign investment.
ICYMI: On Sunday, the State Council issued 24 measures to improve the business environment for foreign companies.
US, European, and Japanese chambers of commerce ha...

sources

Caixin: 吸引外资24条待落地欧美日三大商会提出关切

European Chamber: STATEMENT ON STATE COUNCIL’S OPINIONS ON ATTRACTING AND OPTIMISING FOREIGN INVESTMENT

August 17, 2023

Focused

Premier Li Qiang is keeping the government laser-focused on the macroeconomy. It’s been 17 days since the State Council said it is “necessary to strengthen countercyclical adjustments.” Since then, there’s been a ton of policy talk focused on supporting the private sector, stimulating rural consump…

Premier Li Qiang is keeping the government laser-focused on the macroeconomy.
It's been 17 days since the State Council said it is "necessary to strengthen countercyclical adjustments."

Since then, there's been a ton of policy talk focused on supporting the private sector, stimulating rural consump...

sources

Gov.cn: 李强主持召开国务院第二次全体会议强调：全面落实党中央决策部署坚定不移推动高质量发展大力提升行政效能为完成各项任务提供有力保障

August 17, 2023

Kicking the can

The State Council is dispatching working groups to deal with local government debt. That’s according to a Financial Times report on Friday, citing unnamed sources. The working groups will examine the books of more than ten provinces and their local government financing vehicles (LGFVs) and devise…

The State Council is dispatching working groups to deal with local government debt.

That's according to a Financial Times report on Friday, citing unnamed sources.

The working groups will examine the books of more than ten provinces and their local government financing vehicles (LGFVs) and devise...

sources

Financial Times: China sends finance experts to tackle regions’ debts

August 17, 2023

Keeping the peace

A joint drill a day keeps the hegemons at bay. On Tuesday, Defense Minister Li Shangfu spoke at the Moscow Conference on International Security. His message: China wants partners for peace. Some context: Li is on a six-day trip to Russia and Belarus and has already met his Russian counterpart Sergei…

A joint drill a day keeps the hegemons at bay.
On Tuesday, Defense Minister Li Shangfu spoke at the Moscow Conference on International Security.
His message: China wants partners for peace.
Some context: Li is on a six-day trip to Russia and Belarus and has already met his Russian counterpart Sergei...

sources

China Military: Chinese defense minister attends 11th Moscow Conference on International Security

SCMP: China’s defence chief pushes PLA as force for peace during Russia trip, blames US for ‘chaos and disaster’

August 17, 2023

A bitter pill

After three long pandemic years, China’s medical system has another bitter pill to swallow. On Tuesday, the National Health Commission (NHC) published a Q&A on the anti-corruption putsch across the pharmaceutical ecosystem. The upshot: Pretty much every aspect of the pharmaceutical and medical d…

After three long pandemic years, China's medical system has another bitter pill to swallow.
On Tuesday, the National Health Commission (NHC) published a Q&A on the anti-corruption putsch across the pharmaceutical ecosystem.
The upshot: Pretty much every aspect of the pharmaceutical and medical d...

sources

NHC: 全国医药领域腐败问题集中整治工作有关问答

August 17, 2023

Green power for everyone

Beijing wants multinational companies (MNCs) to consume more green power. The State Council’s 24 measures for attracting foreign investment made that abundantly clear. Some context: Foreign companies have long bemoaned the lack of clean power in China’s rigid power markets and coal-heavy energy mi…

Beijing wants multinational companies (MNCs) to consume more green power.

The State Council’s 24 measures for attracting foreign investment made that abundantly clear.

Some context: Foreign companies have long bemoaned the lack of clean power in China’s rigid power markets and coal-heavy energy mi...

sources

Gov.cn: 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 17, 2023

Beijing gets out its wallet for tech startups

On Friday, Beijing released a policy designed to develop and upgrade startup incubators. Background: Since Beijing is home to Zhongguancun, one of China’s key startup hubs, local policies targeted at startup support are a dime a dozen. But this one caught our attention for two key reasons. First, i…

On Friday, Beijing released a policy designed to develop and upgrade startup incubators.
Background: Since Beijing is home to Zhongguancun, one of China's key startup hubs, local policies targeted at startup support are a dime a dozen.
But this one caught our attention for two key reasons.
First, i...

sources

Beijing.gov: 关于对《北京市打造具有全球影响力的开放创新生态推动科技企业孵化器升级发展的指导意见（征求意见稿）》公开征集意见的公告

August 17, 2023

Less selling, more buying

Officials are resorting to non-conventional tools to limit the decline of stock prices. On Wednesday, Bloomberg reported that China’s stock exchanges have told several large mutual funds to avoid selling more shares than they buy. Citing unnamed sources, Bloomberg said the instructions were communic…

Officials are resorting to non-conventional tools to limit the decline of stock prices.
On Wednesday, Bloomberg reported that China’s stock exchanges have told several large mutual funds to avoid selling more shares than they buy.
Citing unnamed sources, Bloomberg said the instructions were communic...

sources

Bloomberg: China Asks Some Funds to Avoid Net Equity Sales as Markets Sink

August 17, 2023

Upgrading the data trade

On Wednesday, Shanghai issued a three-year action plan to build out the city’s data markets and data trading economy. This is the second data market policy Shanghai has released this month. ICYDK: Since April 2020, central policymakers have been on a mission to establish a national market system …

On Wednesday, Shanghai issued a three-year action plan to build out the city's data markets and data trading economy.

This is the second data market policy Shanghai has released this month.

ICYDK: Since April 2020, central policymakers have been on a mission to establish a national market system ...

sources

Shanghai.gov: 上海市人⺠政府办公厅关于印发《立足数字经济新赛道推动数据要素产业创新发展行动方案(2023-2025年)》的通知

August 17, 2023

Once, twice, sixteen times a Gigabit City

Shandong thinks better digital infrastructure equates to higher consumption. On Tuesday, in an effort to push back against macro-economic headwinds, Shandong issued a series of policy measures designed to boost local consumption. One of those measures included speeding up the construction of Gigabi…

Shandong thinks better digital infrastructure equates to higher consumption.
On Tuesday, in an effort to push back against macro-economic headwinds, Shandong issued a series of policy measures designed to boost local consumption.

One of those measures included speeding up the construction of Gigabi...

sources

ijiwei: 山东：年内16市全部达到“千兆城市”建设标准

August 17, 2023

Excessive competition

Cut-throat domestic competition is killing China’s chip equipment sector. That’s what Gerald Yin, founder of Advanced Micro-Fabrication Equipment (AMEC), said on Tuesday. AMEC is one of China’s most prominent chip equipment manufacturers. Some context: US export controls have forced Ch…

Cut-throat domestic competition is killing China’s chip equipment sector.
That's what Gerald Yin, founder of Advanced Micro-Fabrication Equipment (AMEC), said on Tuesday.

AMEC is one of China’s most prominent chip equipment manufacturers.

Some context: US export controls have forced Ch...

sources

Caixin: 智库科技周评｜刚刚起步的中国半导体装备业，卷起来了？

August 16, 2023

Given up the ghost

China’s stats bureau released home price data for July on Wednesday. The big takeaway: The decline in house prices accelerated in July. Average home prices in 70 cities were down 0.23% m/m. That was worse than the 0.06% m/m fall seen in June. In secondary markets, things are even worse: Prices dr…

China’s stats bureau released home price data for July on Wednesday.
The big takeaway: The decline in house prices accelerated in July.

Average home prices in 70 cities were down 0.23% m/m.
That was worse than the 0.06% m/m fall seen in June.

In secondary markets, things are even worse:

Prices dr...

sources

NBS: 2023年7月份70个大中城市商品住宅销售价格变动情况

NBS: 2023年1—7月份全国房地产市场基本情况

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