string(13) "markets-macro"

Macro

July 14, 2023

There’s no I in research

The Ministry of Education (MoE) wants researchers to collaborate for tech self-sufficiency. On Wednesday, MoE sci-tech official Lei Chaozi spoke at the National Science and Technology Innovation Conference. What he said: One of MoE’s top priorities is pushing academic institutions to focus on solvin… Username Password Remember Me Forgot Password

The Ministry of Education (MoE) wants researchers to collaborate for tech self-sufficiency.
On Wednesday, MoE sci-tech official Lei Chaozi spoke at the National Science and Technology Innovation Conference.
What he said: One of MoE's top priorities is pushing academic institutions to focus on solvin...

sources

Yicai: 教育部：大力推动基础研究和原始创新破解“卡脖子”问题

XHBY: 全国高校科技创新大会来了！教育部：对科技造假和学术不端“零容忍”

July 13, 2023

The thirty-nine steps

Economic powerhouse Guangdong, long the pioneer for change, promises more business-pleasing innovations. On July 7, the provincial government released a wide-ranging, three-year action plan to improve the local business environment. Two of the 39 areas slated for “optimization” caught our eye. Fir…

Economic powerhouse Guangdong, long the pioneer for change, promises more business-pleasing innovations.

On July 7, the provincial government released a wide-ranging, three-year action plan to improve the local business environment.

Two of the 39 areas slated for "optimization" caught our eye.
Fir...

sources

Guangdong Gov: 广东省人民政府办公厅关于印发广东省优化营商环境三年行动方案的通知

July 13, 2023

Flash Talk | China Politics Update: Power dynamics, old friends, and policymaking

In this latest biweekly Trivium China Politics Update, Trivium co-founders Ether Yin and Trey McArver discuss the evolving power dynamics within the Politburo Standing Committee, and how Xi Jinping is keeping old officials in positions of power and influence, including Liu He, Li Xi and Xia Bao…

July 13, 2023

Reheating the Cold War

NATO has serious beef with China. On Tuesday, NATO issued a blistering communique identifying China as a major threat to the alliance. Accusations against Beijing include (fair warning, it’s a long laundry list): Economic coercion Seeking to control critical resources, supply chains, and infrastruc…

Economic coercion
Seeking to control critical resources, supply chains, and infrastruc...

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NATO: Vilnius Summit Communiqué

Chinese Mission to the EU: Spokesperson of the Chinese Mission to the EU Speaks on a Question Concerning China-related Content in the NATO Vilnius Summit Communiqué

July 13, 2023

Legislature aims to constrain state power

Businesses and individuals will be more empowered to push back against government decisions. That’s based on the latest draft revisions to the Administrative Reconsideration Law, currently under review by the legislature (NPC). The law will make it easier for firms to contest administrative actions…

Businesses and individuals will be more empowered to push back against government decisions.
That's based on the latest draft revisions to the Administrative Reconsideration Law, currently under review by the legislature (NPC).

The law will make it easier for firms to contest administrative actions...

sources

NPC: 行政复议法（修订草案二次审议稿）征求意见

July 13, 2023

Whole lotta (platform) love

The premier comes to praise platforms, not bury them. On Wednesday, Li Qiang hosted a symposium on the “healthy and sustainable development of the platform economy.” CEOs from Meituan, Xiaohongshu, Huolala, Alibaba Cloud, Douyin, Pinduoduo, JD.com, and other firms attended. The meeting continues…

The premier comes to praise platforms, not bury them.
On Wednesday, Li Qiang hosted a symposium on the "healthy and sustainable development of the platform economy."

CEOs from Meituan, Xiaohongshu, Huolala, Alibaba Cloud, Douyin, Pinduoduo, JD.com, and other firms attended.

The meeting continues...

sources

Gov.cn: 李克强：不管是“刺耳”甚至“扎心”的话，请敞开来讲

NDRC: 平台企业在支持科技创新、传统产业转型方面形成了一批典型案例

Gov.cn: 李强主持召开平台企业座谈会

July 13, 2023

In the mood for yield

Yield starved mainland investors are eyeing up Hong Kong. It’s been a tough stretch for Chinese investors. The CSI 300 – the flagship composite index of the Shanghai and Shenzhen stock exchanges – is down nearly 9% since January. Average rates on medium- to long-term deposits are hovering well belo…

Yield starved mainland investors are eyeing up Hong Kong.
It’s been a tough stretch for Chinese investors.

The CSI 300 – the flagship composite index of the Shanghai and Shenzhen stock exchanges – is down nearly 9% since January.
Average rates on medium- to long-term deposits are hovering well belo...

sources

Caixin: Chinese Mainland Savers Rush to Hong Kong to Capitalize on Higher Returns, Less Risk

Bloomberg: SHSZ300:IND Shanghai Shenzhen CSI 300 Index

July 13, 2023

Double whammy

China’s General Administration of Customs (GAC) released trade data for June on Thursday. The headlines: Exports fell 12.4% y/y in dollar terms in June, compared with a 7.5% y/y fall in May. Imports dropped by 6.8% y/y last month, versus a 4.5% y/y fall in May. The trade surplus was USD 71 billion …

China’s General Administration of Customs (GAC) released trade data for June on Thursday.
The headlines:

Exports fell 12.4% y/y in dollar terms in June, compared with a 7.5% y/y fall in May.
Imports dropped by 6.8% y/y last month, versus a 4.5% y/y fall in May.
The trade surplus was USD 71 billion ...

sources

Bloomberg: China’s Worse-Than-Expected Exports Deal Fresh Blow to Economy

SCMP: China trade: exports tumble further, down 12.4 per cent in June, adding to economic woes

July 13, 2023

Liu He moves on

Turns out Liu He is not as powerful as we thought. On July 7, state-affiliated Global Times reported that former Vice Premier Liu He was still serving as director of the office of the Central Commission for Financial and Economic Affairs (CCFEA). This was just the latest indication that Liu remains…

Turns out Liu He is not as powerful as we thought.
On July 7, state-affiliated Global Times reported that former Vice Premier Liu He was still serving as director of the office of the Central Commission for Financial and Economic Affairs (CCFEA).

This was just the latest indication that Liu remains...

sources

Huanqiu: 中美沟通经济问题寻求共识，耶伦承诺不会“疏远中国”

July 13, 2023

Consumption lacks gumption

China needs to focus its stimulus efforts on boosting consumption. That was the message from Cai Fang, member of the central bank’s (PBoC) Monetary Policy Committee and demographics expert, in a speech Saturday. According to Cai, China’s rapidly aging and shrinking population is weighing on domestic…

China needs to focus its stimulus efforts on boosting consumption.
That was the message from Cai Fang, member of the central bank’s (PBoC) Monetary Policy Committee and demographics expert, in a speech Saturday.
According to Cai, China’s rapidly aging and shrinking population is weighing on domestic...

sources

Economists 50 Forum: 消费回归为政策目标之首

July 13, 2023

Building AI, one coupon at a time

A yuan saved is a yuan computed. In an interview on Tuesday, Beijing’s Economic and Information Director Jiang Guangzhi provided some details on how the city aims to supercharge its AI industry. Specifically, Jiang outlined some of the incentives that will be available to AI innovators under the “B…

A yuan saved is a yuan computed.
In an interview on Tuesday, Beijing's Economic and Information Director Jiang Guangzhi provided some details on how the city aims to supercharge its AI industry.

Specifically, Jiang outlined some of the incentives that will be available to AI innovators under the "B...

sources

Beijing.gov: 北京市通用人工智能产业创新伙伴计划

Beijing.gov: 大模型看北京！2023全球数字经济大会人工智能高峰论坛成功举办

Source: 独家专访｜北京市经信局局长姜广智：国内80余个大模型北京约占一半将推出首期不低于4000万元算力券补贴

NBD: 大模型横行：不到两个月十余个问世，烧30亿就能炼造？激战背后机会在哪儿？

July 13, 2023

AI rules are about to tighten further

Excuse me, do you have a permit for that chatbot? On Tuesday, FT reported that the cyberspace watchdog (CAC) is planning to introduce stricter licensing requirements for AI-generated content (AIGC) tools. Some context: Back in April, the agency released draft AIGC regulations that required companies…

Excuse me, do you have a permit for that chatbot?
On Tuesday, FT reported that the cyberspace watchdog (CAC) is planning to introduce stricter licensing requirements for AI-generated content (AIGC) tools.
Some context: Back in April, the agency released draft AIGC regulations that required companies...

sources

CAC: China to lay down AI rules with emphasis on content control

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