string(13) "markets-macro"

Macro

July 8, 2023

Zhejiang cozies up to the platform economy

The future of China’s platform economy may be decided in Zhejiang. On Wednesday, Zhejiang Province announced the release of a policy designed to encourage the development of platform companies. The announcement was made at a conference attended by local officials and around 100 platforms, includin… Username Password Remember Me Forgot Password

The future of China's platform economy may be decided in Zhejiang.
On Wednesday, Zhejiang Province announced the release of a policy designed to encourage the development of platform companies.

The announcement was made at a conference attended by local officials and around 100 platforms, includin...

sources

Wall Street CN: 事关平台经济，浙江省大动作！阿里、网易等100家平台企业代表参会

July 8, 2023

Edtech’s AI-generated apple

Is AI the way forward for edtech companies decimated by the “Double Reduction” policy? It’s sure starting to look that way. On Thursday, tutoring giant TAL launched China’s first after-school course based on a proprietary large language model (LLM). The course teaches students the basics of crea…

Is AI the way forward for edtech companies decimated by the "Double Reduction" policy?

It's sure starting to look that way.

On Thursday, tutoring giant TAL launched China's first after-school course based on a proprietary large language model (LLM).

The course teaches students the basics of crea...

sources

21jingji.com: 好未来发布自研大模型AIGC课程中小学人工智能教育尚需提质增效

Caixin Global: China EdTech Firms Race to Develop ChatGPT-Like Products

People's Daily: 教育部：将积极推进人工智能技术与教育深度融合

July 8, 2023

Generative AI’s IP problems

China’s legal advisors are trying to figure out how intellectual property law should be modified to account for AI-generated content (AIGC). On Thursday, Vice President of the China Law Society Wang Liming gave his thoughts on the issue at the Global Digital Economy Conference in Beijing. Some con…

China's legal advisors are trying to figure out how intellectual property law should be modified to account for AI-generated content (AIGC).
On Thursday, Vice President of the China Law Society Wang Liming gave his thoughts on the issue at the Global Digital Economy Conference in Beijing.
Some con...

sources

21jingji.com: 中国法学会副会长王利明：条件成熟时有必要针对人工智能特别立法

July 8, 2023

Cautiously bearish

The head of China’s second-biggest property developer by sales has a grim message about the housing market: It’s much worse than expected, and the recovery will be long and slow. Yu Liang, chairman of China Vanke Co., didn’t mince words when he spoke at a shareholder meeting on June 30 (Vanke): …

The head of China's second-biggest property developer by sales has a grim message about the housing market:

It's much worse than expected, and the recovery will be long and slow.

Yu Liang, chairman of China Vanke Co., didn't mince words when he spoke at a shareholder meeting on June 30 (Vanke):

...

sources

Vanke: 万科2022年度股东大会实录

July 8, 2023

Property 3.0: The state strikes back

The winners are emerging from the wreckage of China’s housing slump – and they’re mostly state-owned property developers. Zhuge Housing Research Institute – an independent data provider – has released sales data for the top 100 developers in the first five months of 2023. The divergence between sta…

The winners are emerging from the wreckage of China's housing slump – and they're mostly state-owned property developers.
Zhuge Housing Research Institute – an independent data provider – has released sales data for the top 100 developers in the first five months of 2023.
The divergence between sta...

sources

Zhuge Housing Data Research Center: 2023上半年房地产市场总结与展望【房企篇】

July 8, 2023

The iron price bowl

Tesla, BYD, and the rest of China’s automaker elite have signed a pledge to end their electric vehicle (EV) price war. The ceasefire was formalized at the 2023 China Auto Forum in Shanghai on Thursday, after the industry ministry (MIIT) “directed” the auto manufacturers’ association to knock heads …

Tesla, BYD, and the rest of China's automaker elite have signed a pledge to end their electric vehicle (EV) price war.

The ceasefire was formalized at the 2023 China Auto Forum in Shanghai on Thursday, after the industry ministry (MIIT) "directed" the auto manufacturers' association to knock heads ...

sources

Financial Times: 特斯拉及中国车企签署联名信预示价格战将结束

Bloomberg: Tesla and Chinese Rivals Signal Truce in Brutal EV Price War

July 8, 2023

How far can you kick the can?

China’s banks have been stepping up support for local governments and their financing vehicles to ease their financial distress. In recent months some big lenders have been granting local government financing vehicles (LGFVs) loans with ultra-long maturities of 25 years (Bloomberg). In some cases,…

China’s banks have been stepping up support for local governments and their financing vehicles to ease their financial distress.
In recent months some big lenders have been granting local government financing vehicles (LGFVs) loans with ultra-long maturities of 25 years (Bloomberg).

In some cases,...

sources

Bloomberg: China Banks Offer 25-Year Loans to LGFVs to Avert Credit Crunch

21st Century Biz: 国有大行向融资平台新增25年期贷款且前四年免息？求证：不实

July 8, 2023

Kylin in the name of (tech self-sufficiency)

China is moving to break its dependence on iOS and Windows. On Thursday, state media announced that the first-ever domestically developed open source desktop operating system (OS), Open Kylin 1.0, has been officially released. Open Kylin is a Linux-based OS developed by an open source software com…

China is moving to break its dependence on iOS and Windows.
On Thursday, state media announced that the first-ever domestically developed open source desktop operating system (OS), Open Kylin 1.0, has been officially released.

Open Kylin is a Linux-based OS developed by an open source software com...

sources

Xinhua: 开源桌面操作系统“开放麒麟1.0”正式发布

July 8, 2023

Aiming at Tokyo

We’re starting to think that Japan is the primary target of China’s latest export controls on industrial minerals. ICYMI: Earlier this week, MofCom announced controls on gallium and germanium, which are critical for many industrial sectors. The move appears to be a countermeasure to foreign …

We’re starting to think that Japan is the primary target of China’s latest export controls on industrial minerals.
ICYMI: Earlier this week, MofCom announced controls on gallium and germanium, which are critical for many industrial sectors.

The move appears to be a countermeasure to foreign ...

sources

MofCom: 商务部召开例行新闻发布会（2023年7月6日）

July 7, 2023

Flash Talk | The skinny on the PBoC’s new Party secretary

Pan Gongsheng is the central bank’s (PBoC) new Party secretary, and is also likely to take over from Yi Gang as PBoC governor. No one saw this coming. Pan is a left field choice – but an incredibly inspired one. In this latest Flash Talk, Trivium Co-founder Andrew Polk and Head of China Markets Rese…

Pan Gongsheng is the central bank's (PBoC) new Party secretary, and is also likely to take over from Yi Gang as PBoC governor.
No one saw this coming. Pan is a left field choice – but an incredibly inspired one. In this latest Flash Talk, Trivium Co-founder Andrew Polk and Head of China Markets Rese...

July 7, 2023

The long shadow of Liu He

China’s tech czar has a new chief of staff. On Tuesday, Wang Zhijun was appointed executive secretary-general of the State Council. That makes him Executive Vice Premier Ding Xuexiang’s top aide. It’s a prestigious job: Wang is now a ministerial-level official. Ding’s top priority is promoti…

China’s tech czar has a new chief of staff.
On Tuesday, Wang Zhijun was appointed executive secretary-general of the State Council.

That makes him Executive Vice Premier Ding Xuexiang’s top aide.

It’s a prestigious job: Wang is now a ministerial-level official.
Ding’s top priority is promoti...

sources

Gov.cn: 国务院任免国家工作人员（2023年7月4日）

July 7, 2023

Reap what you SOE

Beijing wants to better support state-owned enterprises (SOEs). On Wednesday, Zhang Yuzhou – the head of the SOE regulator (SASAC) – met with the bosses of China’s largest industrial and energy SOEs. The event was part of a Roundtable Conference on SOE Performance – a new mechanism aimed at improv…

The event was part of a Roundtable Conference on SOE Performance – a new mechanism aimed at improv...

sources

SASAC: 国务院国资委建立国有企业经济运行圆桌会议沟通交流机制研究推动企业提质增效政策措施

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