string(13) "markets-macro"

Macro

June 14, 2023

Could’ve done without that

China is not happy with Moscow’s war in Ukraine. Lieutenant General He Lei offered new insights into China’s strategic thinking on Ukraine when he spoke to journalists on the sidelines of the Shangri-La Dialogue earlier this month. He said Russia’s decision to invade Ukraine caught Beijing off-guard… Username Password Remember Me Forgot Password

China is not happy with Moscow’s war in Ukraine.
Lieutenant General He Lei offered new insights into China’s strategic thinking on Ukraine when he spoke to journalists on the sidelines of the Shangri-La Dialogue earlier this month.
He said Russia’s decision to invade Ukraine caught Beijing off-guard...

sources

SCMP: China ‘anxious and regretful’ over Ukraine war, PLA strategist says

June 14, 2023

If you build it, will they come?

China needs an army of highly-trained workers to provide blue-collar labor for chips, AI, and other advanced manufacturing tech sectors. But a lack of proper training, poor-quality vocational education, and reluctance by young workers to enter factories means that manufacturers can’t find the worke…

China needs an army of highly-trained workers to provide blue-collar labor for chips, AI, and other advanced manufacturing tech sectors.

But a lack of proper training, poor-quality vocational education, and reluctance by young workers to enter factories means that manufacturers can't find the worke...

sources

NDRC: 关于印发《职业教育产教融合赋能提升行动实施方案(2023—2025年)》的通知

June 14, 2023

Narrowing the corridor

The central bank (PBoC) is gearing up to provide a touch more support to China’s flagging economy. But it will be to little avail. The latest: The PBoC lowered the interest rate it charges on funds lent out under its Standing Lending Facility (SLF) by 10 bps, on Tuesday. ICYDK: The SLF is an emerg…

The central bank (PBoC) is gearing up to provide a touch more support to China’s flagging economy.

But it will be to little avail.

The latest: The PBoC lowered the interest rate it charges on funds lent out under its Standing Lending Facility (SLF) by 10 bps, on Tuesday.
ICYDK: The SLF is an emerg...

sources

PBoC: 常备借贷便利利率表（自2023年6月13日起执行）

June 14, 2023

Summertime stimulants

Beijing might finally be ready to roll out more impactful economic support measures. Maybe. That’s according to Bloomberg reporting on Tuesday, indicating that China’s authorities are considering a “broad package of stimulus measures.” At least a dozen measures are apparently up for discussion. Th…

Beijing might finally be ready to roll out more impactful economic support measures. Maybe.
That's according to Bloomberg reporting on Tuesday, indicating that China’s authorities are considering a “broad package of stimulus measures.”

At least a dozen measures are apparently up for discussion.

Th...

sources

Bloomberg: China Weighs Broad Stimulus With Property Support, Rate Cuts

June 14, 2023

A new philFOSSophy

Beijing increasingly sees free and open source software (FOSS) as a strategic tool. At least, that’s what Vice-Minister of Industry and Information Technology (MIIT) Zhang Yunming hinted at Sunday’s OpenAtom Global Open Source Summit. Background: The OpenAtom Foundation – co-sponsor of this event -…

Beijing increasingly sees free and open source software (FOSS) as a strategic tool.
At least, that's what Vice-Minister of Industry and Information Technology (MIIT) Zhang Yunming hinted at Sunday's OpenAtom Global Open Source Summit.
Background: The OpenAtom Foundation - co-sponsor of this event -...

sources

MIIT: 2023开放原子全球开源峰会在北京举行

June 14, 2023

Let he who is without sin CASt the first stone

China’s new tech self-sufficiency drive is drawing attention to academic corruption. What happened: On May 31, a prominent academic published a widely-shared blog post accusing the Chinese Academy of Sciences (CAS) and the Chinese Academy of Engineering (CAE) of institutionalized bribery. Backgrou…

China's new tech self-sufficiency drive is drawing attention to academic corruption.
What happened: On May 31, a prominent academic published a widely-shared blog post accusing the Chinese Academy of Sciences (CAS) and the Chinese Academy of Engineering (CAE) of institutionalized bribery.
Backgrou...

sources

The Paper: 饶毅称院士增选中有行贿受贿，中科院学部道德委办人员回应

CAS: 关于严肃2023年院士增选工作纪律的通知

CAS: 中国科学院院士增选工作中被推荐人行为守则

June 14, 2023

No waiving goodbye

We just got more unofficial confirmation that Washington isn’t planning to destroy global chipmakers’ China business. The latest: On Monday, WSJ reported that the Biden administration would extend permissions for China-based foreign chipmakers – like SK Hynix and TSMC – to continue accessing US chi…

We just got more unofficial confirmation that Washington isn't planning to destroy global chipmakers’ China business.
The latest: On Monday, WSJ reported that the Biden administration would extend permissions for China-based foreign chipmakers – like SK Hynix and TSMC – to continue accessing US chi...

sources

WSJ: U.S. to Allow South Korean, Taiwan Chip Makers to Keep Operations in China

June 14, 2023

Betting on quantum

Beijing is getting serious about quantum technology. That’s the message from Wang Zhigang, Minister of Science and Technology, during his trip to the city of Hefei on Monday. Some context: Hefei, located in Anhui province, is the epicenter of China’s quantum development. The ci…

Beijing is getting serious about quantum technology.

That’s the message from Wang Zhigang, Minister of Science and Technology, during his trip to the city of Hefei on Monday.

Some context: Hefei, located in Anhui province, is the epicenter of China’s quantum development.

The ci...

sources

Yicai: 科技部部长王志刚：强化国家量子科技工作顶层设计

June 14, 2023

Help is (still) on the way

Beijing is extending support for the little guy. On Tuesday, the macro planner (NDRC) outlined plans to keep business costs down through the end of the year and beyond. Some context: Throughout the pandemic Beijing rolled out trillions of RMB in economic relief aimed at keeping small businesses aflo…

Beijing is extending support for the little guy.
On Tuesday, the macro planner (NDRC) outlined plans to keep business costs down through the end of the year and beyond.
Some context: Throughout the pandemic Beijing rolled out trillions of RMB in economic relief aimed at keeping small businesses aflo...

sources

NDRC: 国家发展改革委等部门关于做好2023年降成本重点工作的通知

June 13, 2023

Making Dongbei more like Shanghai

Premier Li Qiang wants the business environment in China’s northeast rustbelt to resemble the bustling southeast of the country. That was the message when he led a central government inspection team to Liaoning province on June 7-8. A long way from home: The target of decades of campaigns to revita…

Premier Li Qiang wants the business environment in China's northeast rustbelt to resemble the bustling southeast of the country.
That was the message when he led a central government inspection team to Liaoning province on June 7-8.
A long way from home:

The target of decades of campaigns to revita...

sources

People.cn: 大力优化营商环境增强发展动力活力推动东北全面振兴取得新突破

June 13, 2023

Finger pointing

Beijing thinks accusations of economic coercion by the US and its allies are pretty darn hypocritical. That was the message on Tuesday from foreign ministry spokesman Wang Wenbin. ICYMI: Last Friday, the US, UK, Canada, Australia, New Zealand, and Japan released a joint declaration against trade-dis…

Beijing thinks accusations of economic coercion by the US and its allies are pretty darn hypocritical.
That was the message on Tuesday from foreign ministry spokesman Wang Wenbin.
ICYMI: Last Friday, the US, UK, Canada, Australia, New Zealand, and Japan released a joint declaration against trade-dis...

sources

MoFA: Foreign Ministry Spokesperson Wang Wenbin’s Regular Press Conference on June 12, 2023

US Gov: Joint Declaration Against Trade-Related Economic Coercion and Non-Market Policies and Practices

June 13, 2023

Was it something I said?

Tensions are flaring between China and South Korea. On Friday, South Korea’s foreign ministry summoned Chinese ambassador Xing Haiming for a stern lecture. Xing’s in hot water for comments over dinner with South Korean opposition party leader Lee Jae-myung. Xing said (SCMP): “At a time when the Uni…

Tensions are flaring between China and South Korea.
On Friday, South Korea’s foreign ministry summoned Chinese ambassador Xing Haiming for a stern lecture.
Xing's in hot water for comments over dinner with South Korean opposition party leader Lee Jae-myung.
Xing said (SCMP):

“At a time when the Uni...

sources

SCMP: South Korea summons Beijing’s envoy Xing Haiming over US-China rivalry remarks

Reuters: China complains to South Korea over protest on envoy's comments

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