string(13) "markets-macro"

Macro

June 9, 2023

Show, don’t tell

Washington’s actions are speaking louder than words. That was the message from Xie Feng – China’s new ambassador to the US – in a keynote speech delivered at a US-China Business Council (USCBC) welcome event. Xie hailed the Biden administration’s recent call to stabilize and improve the relationship… Username Password Remember Me Forgot… Read More »

Washington's actions are speaking louder than words.
That was the message from Xie Feng – China's new ambassador to the US – in a keynote speech delivered at a US-China Business Council (USCBC) welcome event.
Xie hailed the Biden administration's recent call to stabilize and improve the relationship...

sources

China Daily: Envoy calls for bringing China-US ties back to right track

June 9, 2023

Specter of deflation

China’s stats bureau released inflation data for May on Thursday. The headlines: The consumer price index (CPI) rose 0.2% y/y, up from 0.1% in April. The producer price index (PPI) fell 4.6% y/y, compared with a 3.6% y/y decline in April. May’s fall in producer prices was the largest since Februar…

China’s stats bureau released inflation data for May on Thursday.
The headlines:

The consumer price index (CPI) rose 0.2% y/y, up from 0.1% in April.
The producer price index (PPI) fell 4.6% y/y, compared with a 3.6% y/y decline in April.

May’s fall in producer prices was the largest since Februar...

sources

NBS: 2023年5月份工业生产者出厂价格同比下降4.6% 环比下降0.9%

NBS: 2023年5月份居民消费价格同比上涨0.2% 环比下降0.2%

June 9, 2023

Summertime blues

Hunan is the latest province to acknowledge power curbs are likely. On Tuesday, Hunan’s local energy regulator warned that “a degree of power shortage” will likely emerge by late July and persist through autumn. Per the regulator, the supply gap will be exacerbated by (Caixin): A short rainy sea…

Hunan is the latest province to acknowledge power curbs are likely.
On Tuesday, Hunan's local energy regulator warned that "a degree of power shortage" will likely emerge by late July and persist through autumn.
Per the regulator, the supply gap will be exacerbated by (Caixin):

A short rainy sea...

sources

Caixin: 湖南或现“夏秋连旱” 夏季用电高峰将存电力缺口

June 9, 2023

Let ‘em have it

Controls on property purchases need to be removed to drive a recovery in the housing market. That was the bold call made in a commentary published Tuesday in the China Economic Times, a newspaper affiliated with the State Council. But the commentary overstepped the mark: It was pulled from the pap…

Controls on property purchases need to be removed to drive a recovery in the housing market.
That was the bold call made in a commentary published Tuesday in the China Economic Times, a newspaper affiliated with the State Council.
But the commentary overstepped the mark: It was pulled from the pap...

sources

Sina: 中国经济时报：一线城市房地产限购应适时优化调整

June 9, 2023

Quick Take | What we learned from Li Hui’s Ukraine presser

What if the real peace talks were the friends we made along the way? Li Hui, China’s special representative for Eurasian affairs, held a presser last week on his recently concluded 12-day visit to Europe to feel out the possibility of a political settlement to the Ukraine crisis. We got you covered:…

What if the real peace talks were the friends we made along the way?
Li Hui, China’s special representative for Eurasian affairs, held a presser last week on his recently concluded 12-day visit to Europe to feel out the possibility of a political settlement to the Ukraine crisis.
We got you covered:...

June 9, 2023

Pan’s handling it

Pan Gongsheng, director of the foreign exchange regulator (SAFE), also spoke at the Lujiazui financial forum on Thursday. The headline: Pan doesn’t expect the RMB to depreciate indefinitely. Some context: The Chinese currency has weakened by about 3% against the dollar this year and, as we noted on …

Pan Gongsheng, director of the foreign exchange regulator (SAFE), also spoke at the Lujiazui financial forum on Thursday.
The headline: Pan doesn’t expect the RMB to depreciate indefinitely.
Some context: The Chinese currency has weakened by about 3% against the dollar this year and, as we noted on ...

sources

PBoC: 全球金融周期：趋势和影响——人民银行副行长、外汇局局长潘功胜在第十四届陆家嘴论坛上的主题演讲

June 9, 2023

Capitalizing on Xi’s thoughts

The annual Lujiazui financial forum is a great opportunity to hear from China’s senior financial sector officials. On Thursday, Yi Huiman, chairman of China’s securities regulator (CSRC), dropped some thoughts. Overall, his speech was pretty dry – but one thing grabbed our attention: The conclu…

The annual Lujiazui financial forum is a great opportunity to hear from China’s senior financial sector officials.
On Thursday, Yi Huiman, chairman of China’s securities regulator (CSRC), dropped some thoughts.
Overall, his speech was pretty dry – but one thing grabbed our attention: The conclu...

sources

CSRC: 易会满主席在第十四届陆家嘴论坛上的主题演讲

June 9, 2023

What’s the legislative plan, man?

On Tuesday, the State Council released its annual legislative plan. The plan outlines which laws ministries will draft for submission to the national legislature (NPC). It also lists which major regulations ministries will formulate. Spoiler alert: There’s a lot of tech-related rulemakin’ coming d…

On Tuesday, the State Council released its annual legislative plan.

The plan outlines which laws ministries will draft for submission to the national legislature (NPC).
It also lists which major regulations ministries will formulate.

Spoiler alert: There's a lot of tech-related rulemakin' coming d...

sources

Gov.cn: 国务院2023年度立法工作计划的通知

June 9, 2023

RISC-V is risk-free

If China wants to achieve tech self-sufficiency, it must invest in the open-source instruction set architecture (ISA) RISC-V. That’s what Ni Guangnan, a well-respected computer scientist, argued in an op-ed published by the CAC’s official magazine on Wednesday. Background: ISA is a fundament…

If China wants to achieve tech self-sufficiency, it must invest in the open-source instruction set architecture (ISA) RISC-V.

That’s what Ni Guangnan, a well-respected computer scientist, argued in an op-ed published by the CAC’s official magazine on Wednesday.

Background: ISA is a fundament...

sources

CAC: 中国工程院院士倪光南：为RISC-V生态建设贡献中国方案

June 9, 2023

Spreading the innovation gospel

Oh, did you want a list of high-tech areas that Chinese policymakers care about? Just look at the companies that Vice Premier Zhang Guoqing visited on his Wednesday research tour in Shanghai. During his visit Zhang, popped into a variety of manufacturers involved in (People.cn): Chips and digita…

Oh, did you want a list of high-tech areas that Chinese policymakers care about?

Just look at the companies that Vice Premier Zhang Guoqing visited on his Wednesday research tour in Shanghai.

During his visit Zhang, popped into a variety of manufacturers involved in (People.cn):

Chips and digita...

sources

People.cn: 强化创新驱动促进转型升级加快推动制造业高质量发展

June 9, 2023

EU rumblings that Huawei’s a tumblin’

On Wednesday, FT reported the EU is mulling a mandatory ban requiring member states not to install equipment from telecom vendors that present security risks in 5G networks. The main target: China’s embattled telecom giant Huawei. Background: In 2020, EU members collectively agreed to wean networks…

On Wednesday, FT reported the EU is mulling a mandatory ban requiring member states not to install equipment from telecom vendors that present security risks in 5G networks.
The main target: China's embattled telecom giant Huawei.
Background: In 2020, EU members collectively agreed to wean networks...

sources

FT: EU considers mandatory ban on using Huawei to build 5G

MoFA: Foreign Ministry Spokesperson Wang Wenbin’s Regular Press Conference on June 7, 2023

June 8, 2023

Man of culture

Xi Jinping has been thinking a lot lately about pumping up China’s cultural strength. Exhibit one: The big man said so at the big symposium on culture on June 2 (Gov.cn). “Recently, I have been thinking about the important proposition of promoting the construction of socialist culture with Chinese …

Xi Jinping has been thinking a lot lately about pumping up China’s cultural strength.
Exhibit one: The big man said so at the big symposium on culture on June 2 (Gov.cn).

“Recently, I have been thinking about the important proposition of promoting the construction of socialist culture with Chinese ...

sources

Gov.cn: 微镜头·习近平总书记考察“一馆一院”并出席文化传承发展座谈会 “中国特色的关键就在于‘两个结合’”

Xinhua: 习近平在文化传承发展座谈会上强调担负起新的文化使命努力建设中华民族现代文明

China Daily: Full text of Xi Jinping's congratulatory letter to first Forum on Building up China's Cultural Strength

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162