string(13) "markets-macro"

Macro

August 8, 2023

We done got a ratio reduction

China’s equity markets are about to get a small, but potentially important, cash injection. On Thursday, the China Securities Depository and Clearing Corporation (CSDC) – the state agency that provides settlement services to domestic stock exchanges – announced a reduction in the ratio of cash that … Username Password Remember Me Forgot Password

China’s equity markets are about to get a small, but potentially important, cash injection.
On Thursday, the China Securities Depository and Clearing Corporation (CSDC) – the state agency that provides settlement services to domestic stock exchanges – announced a reduction in the ratio of cash that ...

sources

CSDC: 中国结算关于发布《结算备付金管理办法（2023年8月修订版）》的通知

Caixin: 中国结算再降备付金比例最高释放400亿资金

August 8, 2023

Caught in a Vlad bromance

Beijing and Moscow are as tight as ever. On Monday, top diplomat Wang Yi held a call with Russian Foreign Minister Sergei Lavrov reaffirming China and Russia’s special relationship. Some context: On Saturday, Special Representative for Eurasian Affairs Li Hui led a delegation to Jeddah, Saudi Arabia…

Beijing and Moscow are as tight as ever.
On Monday, top diplomat Wang Yi held a call with Russian Foreign Minister Sergei Lavrov reaffirming China and Russia’s special relationship.
Some context: On Saturday, Special Representative for Eurasian Affairs Li Hui led a delegation to Jeddah, Saudi Arabia...

sources

MoFA: 王毅同俄罗斯外长拉夫罗夫通电话

Russian Foreign Ministry: Press release on Foreign Minister Sergey Lavrov’s telephone conversation with CPC CC Political Bureau member and Foreign Minister of China Wang Yi

August 8, 2023

Reliable and secure

Foreign IT providers better watch out. Over the last week, the Ministry of Finance (MoF) and the Ministry of Industry and Information Technology (MIIT) have released a series of draft standards on how government agencies should procure various components of IT systems. The standards cover components…

Foreign IT providers better watch out.
Over the last week, the Ministry of Finance (MoF) and the Ministry of Industry and Information Technology (MIIT) have released a series of draft standards on how government agencies should procure various components of IT systems.
The standards cover components...

sources

MoF: 关于操作系统政府采购需求标准向社会公开征求意见的通知

MoF: 关于便携式计算机政府采购需求标准向社会公开征求意见的通知

MoF: 关于一体式计算机政府采购需求标准向社会公开征求意见的通知

MoF: 关于通用服务器政府采购需求标准向社会公开征求意见的通知

MoF: 关于工作站政府采购需求标准向社会公开征求意见的通知

MoF: 关于台式计算机政府采购需求标准向社会公开征求意见的通知

MoF: 关于数据库政府采购需求标准向社会公开征求意见的通知

August 8, 2023

It’s the technology, stupid

Xi Jinping has a high tolerance for a weaker economy – so long as China improves its innovative capacity. That’s our key takeaway from examining recently declassified internal remarks. In June, the Party published a collection of Xi’s wise words on technological self-reliance from 2013 to 2022. Ri…

Xi Jinping has a high tolerance for a weaker economy – so long as China improves its innovative capacity.
That’s our key takeaway from examining recently declassified internal remarks.

In June, the Party published a collection of Xi's wise words on technological self-reliance from 2013 to 2022.

Ri...

August 8, 2023

From bad to worse

The General Administration of Customs released trade data for July on Tuesday. The headlines: Exports fell 14.5% y/y in dollar terms in July, compared with a 12.4% y/y fall in June. Imports dropped by 12.4% y/y last month, versus a 6.8% y/y fall in June. The trade surplus was USD 81 billion in July…

The General Administration of Customs released trade data for July on Tuesday.
The headlines:

Exports fell 14.5% y/y in dollar terms in July, compared with a 12.4% y/y fall in June.
Imports dropped by 12.4% y/y last month, versus a 6.8% y/y fall in June.
The trade surplus was USD 81 billion in July...

sources

Bloomberg: China’s Trade Plunges More Than Forecast in Blow to Recovery

SCMP: China trade: exports tumble by 14.5 per cent in July, fastest decline since February 2020, underscoring economic slowdown

August 8, 2023

Flash Talk | Trivium Tech Bi-Weekly Wrap, Episode 2

In this edition of the Wrap, Trivium Tech Partner Kendra Schaefer and Associate Director Tom Nunlist unpack the CAC’s widely misunderstood plan to strengthen parental controls on apps and mobile devices. The team also takes stock of the impressive CV of Liu Liehong, inaugural head of the newly creat…

In this edition of the Wrap, Trivium Tech Partner Kendra Schaefer and Associate Director Tom Nunlist unpack the CAC's widely misunderstood plan to strengthen parental controls on apps and mobile devices.
The team also takes stock of the impressive CV of Liu Liehong, inaugural head of the newly creat...

August 7, 2023

Capitol controls

Some US lawmakers want even stricter controls over American investment in Chinese companies, especially in certain sectors. On Thursday, US Representative Mike Gallagher (R-WI) penned a letter urging President Biden to expand proposed regulations for screening US-to-China investment. Gallagher chai…

Some US lawmakers want even stricter controls over American investment in Chinese companies, especially in certain sectors.
On Thursday, US Representative Mike Gallagher (R-WI) penned a letter urging President Biden to expand proposed regulations for screening US-to-China investment.

Gallagher chai...

sources

US House of Representatives: Mike Gallagher's Letter to Joe Biden

Whitehouse.gov: CRITICAL AND EMERGING TECHNOLOGIES LIST UPDATE

August 7, 2023

Ganbei!

China’s brewers will soon be able to get their hands on Australian barley once again. On Friday, the Ministry of Commerce (MofCom) announced it has scrapped the sky-high tariffs imposed on Australian barley back in 2020. That’s a big deal: China imports around four-fifths of the barley it needs – o…

China's brewers will soon be able to get their hands on Australian barley once again.
On Friday, the Ministry of Commerce (MofCom) announced it has scrapped the sky-high tariffs imposed on Australian barley back in 2020.
That's a big deal: China imports around four-fifths of the barley it needs – o...

sources

MofCom: 商务部公告2023年第29号关于原产于澳大利亚的进口大麦所适用反倾销措施和反补贴措施复审裁定的公告

August 7, 2023

Fake sweetener

Guangdong’s attempts to woo foreign investors are decidedly ‘meh.’ On Thursday, the provincial government released 17 measures to attract foreign investment into the manufacturing sector, focusing on: Integrated circuits Biopharmaceuticals New energy and new energy storage Artificial intelligence C…

Guangdong's attempts to woo foreign investors are decidedly 'meh.'
On Thursday, the provincial government released 17 measures to attract foreign investment into the manufacturing sector, focusing on:

Integrated circuits
Biopharmaceuticals
New energy and new energy storage
Artificial intelligence
C...

sources

Guangdong DRC: 广东省发展改革委等部门印发《关于以制造业为重点促进外资扩增量稳存量提质量的若干措施》的通知

August 7, 2023

No ideas

Policymakers have no idea how to boost household incomes. On Friday, the macro planner (NDRC) held an internal symposium on increasing household incomes. And what policies did they discuss? Zero, zip, zilch, and nada. The NDRC said its next steps are to: “Work with relevant departments, conduct i…

Policymakers have no idea how to boost household incomes.
On Friday, the macro planner (NDRC) held an internal symposium on increasing household incomes.
And what policies did they discuss?

Zero, zip, zilch, and nada.

The NDRC said its next steps are to:

“Work with relevant departments, conduct i...

sources

NDRC: 国家发展改革委就业司组织召开促进城乡居民增收部门座谈会

August 7, 2023

Making things bettah in Jeddah

Beijing is still pushing for peace in Ukraine. On Saturday, Special Representative for Eurasian Affairs Li Hui led a delegation to Jeddah, Saudi Arabia, to participate in Ukraine peace talks. ICYMI: In May, Li embarked on a 12-day Eurotrip to assess the feasibility of a political settlement to the U…

Beijing is still pushing for peace in Ukraine.
On Saturday, Special Representative for Eurasian Affairs Li Hui led a delegation to Jeddah, Saudi Arabia, to participate in Ukraine peace talks.
ICYMI: In May, Li embarked on a 12-day Eurotrip to assess the feasibility of a political settlement to the U...

sources

WSJ: With China Attending, Ukraine Peace Discussions Inch Forward

Financial Times: Ukraine allies buoyed by ‘constructive’ China signals at Jeddah talks

Reuters: Analysis: China's Ukraine peace-talks gambit shows shift in approach

August 7, 2023

Buckle up, hunker down

Forget the year of the rabbit – 2023 is the year of an unprecedented anti-corruption crackdown across China’s healthcare sector. The Party’s anti-corruption watchdog (CCDI) officially launched a one-year campaign on July 28. Practically, the campaign started earlier this year: In H1 2023 over 150 …

Forget the year of the rabbit – 2023 is the year of an unprecedented anti-corruption crackdown across China's healthcare sector.

The Party’s anti-corruption watchdog (CCDI) officially launched a one-year campaign on July 28.

Practically, the campaign started earlier this year: In H1 2023 over 150 ...

sources

NBD: 反腐风暴来袭，医药代表“人心惶惶”！有业内人士：一上午所有相关微信群全被解散！2500亿药企再回应：没有网传情形，经营管理正常

CCDI: 中央纪委国家监委召开动员会部署纪检监察机关配合开展全国医药领域腐败问题集中整治喻红秋出席并讲话

Yicai: 今年已有逾150位院长、书记被查！全国集中整治医药购销领域腐败

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