string(13) "markets-macro"

Macro

July 24, 2023

Life in the not-so-fast lane

China’s macro planner (NDRC) is doubling down on efforts to boost auto demand as the economy flounders. The latest: On Friday, the NDRC announced 10 measures to promote auto consumption. They include instructing local governments to: Accelerate the phasing out of non-emission-compliant vehicles I… Username Password Remember Me Forgot Password

China's macro planner (NDRC) is doubling down on efforts to boost auto demand as the economy flounders.
The latest: On Friday, the NDRC announced 10 measures to promote auto consumption. They include instructing local governments to:

Accelerate the phasing out of non-emission-compliant vehicles
I...

sources

Gov.cn: 国家发展改革委等部门印发《关于促进汽车消费的若干措施》的通知

NDRC: 国家发展改革委专题新闻发布会介绍促进汽车、电子产品消费有关情况

July 24, 2023

Bark turns to bite

Beijing has sent a clear message to US policymakers – it’s ready to fight back against Washington’s economic suppression. The most recent messenger was Xie Feng, China’s ambassador to the US, who spoke Wednesday at the Aspen Security Forum in Colorado. Xie said that China doesn’t mind fair comp…

Beijing has sent a clear message to US policymakers – it's ready to fight back against Washington’s economic suppression.
The most recent messenger was Xie Feng, China's ambassador to the US, who spoke Wednesday at the Aspen Security Forum in Colorado.
Xie said that China doesn’t mind fair comp...

sources

FT: China warns of retaliation to US curbs on investment and chips

July 24, 2023

Make the private sector invest again

After the Party and State Council pledged love and support to the private sector last week, policymakers are following through with more detailed plans. On Monday, the macro planner (NDRC) released a notice containing 17 measures to reawaken the animal spirits of domestic private investors and enco…

After the Party and State Council pledged love and support to the private sector last week, policymakers are following through with more detailed plans.
On Monday, the macro planner (NDRC) released a notice containing 17 measures to reawaken the animal spirits of domestic private investors and enco...

sources

NDRC: 国家发展改革委关于进一步抓好抓实促进民间投资工作努力调动民间投资积极性的通知

NDRC: 国家发展改革委专题新闻发布会介绍促进民间投资有关情况

July 24, 2023

Innovative finance for innovative times

Pursuing China’s tech self-reliance ambitions costs big money, but luckily the funding options have just been given another boost. On Thursday, the interbank bond market regulator (NAFMII) announced the forthcoming issuance of seven sci-tech innovation hybrid securities – the first batch of such pr…

Pursuing China's tech self-reliance ambitions costs big money, but luckily the funding options have just been given another boost.
On Thursday, the interbank bond market regulator (NAFMII) announced the forthcoming issuance of seven sci-tech innovation hybrid securities – the first batch of such pr...

sources

NAFMII: 交易商协会创新推出混合型科创票据

Caixin: 交易商协会推出混合型科创票据首批7家企业披露发行文件

July 24, 2023

Help us help you

Foreign investors are having second thoughts about the China market, but Beijing is keen to get them back onside. On Friday, regulators hosted a rare meeting with global investors in an effort to boost confidence in domestic markets. Sound familiar? Reuters flagged the meeting early last week. Leadi…

Foreign investors are having second thoughts about the China market, but Beijing is keen to get them back onside.
On Friday, regulators hosted a rare meeting with global investors in an effort to boost confidence in domestic markets.
Sound familiar? Reuters flagged the meeting early last week.
Leadi...

sources

Bloomberg: China Addresses Investor Concerns in Meeting With Global Funds

July 22, 2023

Forced labor fallout

Will Xinjiang stunt China’s e-commerce ambitions? On Monday, Party outlet Qiushi promised to “resolutely defeat the US and Western anti-China forces” holding back Xinjiang’s economy. Background: In 2021, Biden signed the Uyghur Forced Labor Prevention Act (UFLPA) into law, banning exports involvin…

Will Xinjiang stunt China's e-commerce ambitions?
On Monday, Party outlet Qiushi promised to "resolutely defeat the US and Western anti-China forces" holding back Xinjiang's economy.
Background: In 2021, Biden signed the Uyghur Forced Labor Prevention Act (UFLPA) into law, banning exports involvin...

sources

Qiushi: 完整准确贯彻新时代党的治疆方略扎实推进中国式现代化的新疆实践

US Gov: Uyghur Forced Labor Prevention Act Statistics

US Gov: Select Committee Releases Interim Findings from Shein & Temu Forced Labor Investigation

Source: Is Powerful Uyghur Legislation on its Way?

July 22, 2023

Love thy neighbors…for their scitech potential

China is shoring up scitech relationships with its southeast Asian neighbors. That’s based on the readouts from the 11th China-ASEAN Technology Transfer and Innovation Cooperation Conference, held July 12-13. First, Minister of Science and Technology Wang Zhigang delivered a keynote speech in which…

China is shoring up scitech relationships with its southeast Asian neighbors.
That's based on the readouts from the 11th China-ASEAN Technology Transfer and Innovation Cooperation Conference, held July 12-13.
First, Minister of Science and Technology Wang Zhigang delivered a keynote speech in which...

sources

Ministry of Science and Technology: 科技部部长王志刚出席第11届中国—东盟技术转移与创新合作大会并发表主旨演讲

Ministry of Science and Technology: 科技部部长王志刚会见马来西亚科技创新部部长郑立慷

Ministry of Science and Technology: 科技部部长王志刚会见柬埔寨首相助理大臣兼工业、科技与创新部国务秘书陈勒提

Ministry of Science and Technology: 科技部部长王志刚会见缅甸科技部部长苗登觉

Baijiahao: 集聚智慧共绘科技创新图景第11届中国—东盟技术转移与创新合作大会开幕

July 22, 2023

Cheat on your spouse, not your research

China’s science foundations continue to step up checks on corruption in research and funding. On Thursday, Caixin published some statistics from the Natural Science Foundation of China’s (NSFC) annual report – including how many researchers had been reprimanded for ethical violations. The report …

China’s science foundations continue to step up checks on corruption in research and funding.
On Thursday, Caixin published some statistics from the Natural Science Foundation of China's (NSFC) annual report – including how many researchers had been reprimanded for ethical violations.

The report ...

sources

Caixin: 自然基金委：2022年收到536件科研诚信有关举报

July 21, 2023

The other SCS

Xi Jinping has a new weapon in the fight against environmental degradation: The social credit system (SCS) On Monday and Tuesday, Xi brought the role of the SCS to national attention in his speech at the National Ecological and Environmental Protection Conference. The meeting was a big to-do: Xi b…

Xi Jinping has a new weapon in the fight against environmental degradation:

The social credit system (SCS)

On Monday and Tuesday, Xi brought the role of the SCS to national attention in his speech at the National Ecological and Environmental Protection Conference.
The meeting was a big to-do: Xi b...

sources

Gov.cn: 习近平在全国生态环境保护大会上强调：全面推进美丽中国建设加快推进人与自然和谐共生的现代化

July 21, 2023

Pan’s the man

The odds are increasing that Pan Gongsheng will become central bank (PBoC) governor. Since his announcement as PBoC Party Secretary on July 1, speculation has grown that Pan, head of the forex regulator (SAFE) and previously a deputy governor of the PBoC, has been lined up to replace incumbent Gover…

The odds are increasing that Pan Gongsheng will become central bank (PBoC) governor.
Since his announcement as PBoC Party Secretary on July 1, speculation has grown that Pan, head of the forex regulator (SAFE) and previously a deputy governor of the PBoC, has been lined up to replace incumbent Gover...

July 21, 2023

True friends weather any storm

China thinks the world could use more Kissingers. On Thursday, Xi Jinping met with former US National Security Advisor Henry Kissinger. Backstage pass: Kissinger met with Xi even as US Climate Envoy John Kerry, who was in Beijing at the time and US Treasury Secretary Janet Yellen in town last …

China thinks the world could use more Kissingers.
On Thursday, Xi Jinping met with former US National Security Advisor Henry Kissinger.
Backstage pass: Kissinger met with Xi even as US Climate Envoy John Kerry, who was in Beijing at the time and US Treasury Secretary Janet Yellen in town last ...

sources

CCTV: 习近平会见美国前国务卿

SCMP: Henry Kissinger’s ‘heart-to-heart’ talks with Xi Jinping in China planned months in advance

July 21, 2023

Show your appreciation

The central bank (PBoC) has made another move to stem RMB weakness. On Friday, the PBoC and the forex regulator (SAFE) raised the macroprudential adjustment parameter (MAP) from 1.25 to 1.5 – an all-time high. Say what? The MAP is a multiplier that determines how much businesses and financial insti…

The central bank (PBoC) has made another move to stem RMB weakness.
On Friday, the PBoC and the forex regulator (SAFE) raised the macroprudential adjustment parameter (MAP) from 1.25 to 1.5 – an all-time high.
Say what?

The MAP is a multiplier that determines how much businesses and financial insti...

sources

PBoC: 中国人民银行、国家外汇局上调跨境融资宏观审慎调节参数

Bloomberg: USD-CNY X-RATE

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