string(13) "markets-macro"

Macro

May 24, 2023

Booming business

Russian prime minister Mikhail Mishustin couldn’t be happier with the growing levels of Sino-Russian trade. Mishustin is visiting China for a two-day state visit – and he’s brought more than a hundred business executives along for the ride. The Russian delegation’s first stop was a Sino-Russian busi… Username Password Remember Me Forgot Password

Russian prime minister Mikhail Mishustin couldn’t be happier with the growing levels of Sino-Russian trade.
Mishustin is visiting China for a two-day state visit – and he's brought more than a hundred business executives along for the ride.
The Russian delegation’s first stop was a Sino-Russian busi...

sources

Gov.cn: 李强向中俄商务论坛致贺信

Wallstreet.cn: 俄总理率大型代表团访华：相信今年能让两国贸易额达到2000亿美元

May 24, 2023

Relend, then relend again

Central bank (PBoC) efforts to support the property sector aren’t limited to unfinished housing. In its Q1 Monetary Policy Report, issued May 15, the PBoC provided details on two other initiatives aimed at the real estate sector. The deets: In January, the PBoC launched: An RMB 100 billion relendin…

Central bank (PBoC) efforts to support the property sector aren’t limited to unfinished housing.
In its Q1 Monetary Policy Report, issued May 15, the PBoC provided details on two other initiatives aimed at the real estate sector.
The deets: In January, the PBoC launched:

An RMB 100 billion relendin...

sources

PBoC: 中国货币政策执行报告2023 年第一季度

May 24, 2023

The auditor’s new clothes

Xi Jinping wants to make sure every last fen is spent in pursuit of Beijing’s priorities. On Tuesday, Xi chaired a meeting of the Central Audit Commission (CAC). ICYDK: The CAC is headed by Xi and sits within the powerful Party Central Committee. Its mandate is to ensure that Party priorities are i…

Xi Jinping wants to make sure every last fen is spent in pursuit of Beijing’s priorities.
On Tuesday, Xi chaired a meeting of the Central Audit Commission (CAC).
ICYDK: The CAC is headed by Xi and sits within the powerful Party Central Committee.

Its mandate is to ensure that Party priorities are i...

sources

Gov.cn: 习近平主持召开二十届中央审计委员会第一次会议

May 24, 2023

Explosive growth

China’s renewable energy industry is surging ahead at full throttle. On Friday, the energy regulator (NEA) published energy installation statistics covering the first four months of 2023. Some context: The NEA set an ambitious goal of installing 160 GW of new wind and solar capacity in 2023, u…

China's renewable energy industry is surging ahead at full throttle.
On Friday, the energy regulator (NEA) published energy installation statistics covering the first four months of 2023.
Some context: The NEA set an ambitious goal of installing 160 GW of new wind and solar capacity in 2023, u...

sources

Gov.cn: 国家能源局发布1-4月份全国电力工业统计数据

May 24, 2023

Elderly care inches along

Beijing wants to establish a better social safety net for the elderly. But it might take a while. On Sunday, the State Council and Party Central Committee jointly released guidelines on building a basic elderly care system. It’s a big deal: This is the first policy document to explicitly outline t…

Beijing wants to establish a better social safety net for the elderly.

But it might take a while.

On Sunday, the State Council and Party Central Committee jointly released guidelines on building a basic elderly care system.
It's a big deal: This is the first policy document to explicitly outline t...

sources

Gov.cn: 中共中央办公厅国务院办公厅印发《关于推进基本养老服务体系建设的意见》

Gov.cn: 民政部有关负责人就《关于推进基本养老服务体系建设的意见》答记者问

World Health Organization: Ageing and health in China

May 24, 2023

Thanks, but no thanks

The central bank’s (PBoC) efforts to support completion of unfinished housing haven’t gained traction. In its Q1 Monetary Policy Report, published May 15, the PBoC disclosed data on the take-up rate of the loan support facility it launched late last year to fund housing completions. The deets: Under…

The central bank’s (PBoC) efforts to support completion of unfinished housing haven't gained traction.
In its Q1 Monetary Policy Report, published May 15, the PBoC disclosed data on the take-up rate of the loan support facility it launched late last year to fund housing completions.
The deets: Under...

sources

PBoC: 中国货币政策执行报告2023 年第一季度

May 24, 2023

Shanghai tries letting researchers research

On Monday, the Shanghai Municipal Science and Technology Commission (STCSM) announced a pilot program to further reduce bureaucratic red tape for scientific researchers. Background: At the Two Sessions in March, Xi told the science and technology ministry (MoST) to double down on efforts to dri…

On Monday, the Shanghai Municipal Science and Technology Commission (STCSM) announced a pilot program to further reduce bureaucratic red tape for scientific researchers.
Background: At the Two Sessions in March, Xi told the science and technology ministry (MoST) to double down on efforts to dri...

sources

Shanghai Government WeChat Account: 关于印发《进一步完善上海市财政科研项目经费“包干制”试点方案》的通知

Shanghai.gov: 上海市科学技术委员会

May 24, 2023

Teacher, trainer, super computer

Chinese officials see the country’s nascent supercomputing network as crucial to their AI ambitions. On Monday, officials gave more details about their efforts to develop China’s massive National United Computing Power Network (NUCPN). Background: The NUCPN aims to connect China’s key data centers a…

Chinese officials see the country’s nascent supercomputing network as crucial to their AI ambitions.
On Monday, officials gave more details about their efforts to develop China's massive National United Computing Power Network (NUCPN).
Background: The NUCPN aims to connect China's key data centers a...

sources

Sina: 曹振南:国家超算互联网平台进入研发阶段希望未来超算互联网不仅服务于重大科创还可服务于中小企业与个人

May 24, 2023

I don’t know. Don’t ask me.

Foreign businesses are dying for more details about the cybersecurity probe on US memory giant Micron. But they ain’t getting it yet. ICYMI: On Sunday, the cyberspace watchdog (CAC) announced Micron had failed a cybersecurity review. CAC suspended Micron’s sales to China’s critical information i…

Foreign businesses are dying for more details about the cybersecurity probe on US memory giant Micron.

But they ain't getting it yet.

ICYMI: On Sunday, the cyberspace watchdog (CAC) announced Micron had failed a cybersecurity review.

CAC suspended Micron’s sales to China’s critical information i...

sources

MoFA: Foreign Ministry Spokesperson Mao Ning’s Regular Press Conference on May 22, 2023

May 24, 2023

Can South Korean chip makers really take Micron’s China market share?

One chip fab’s geopolitical loss could be another’s gain. Yesterday, South Korean officials politely pushed back on US requests to avoid stepping into the “chip gap” left by US memory chip maker Micron’s China business. ICYMI: In March, China’s cyberspace regulator (CAC) launched a cybersecurity i…

One chip fab's geopolitical loss could be another’s gain.
Yesterday, South Korean officials politely pushed back on US requests to avoid stepping into the “chip gap” left by US memory chip maker Micron’s China business.
ICYMI: In March, China's cyberspace regulator (CAC) launched a cybersecurity i...

sources

FT: US urges South Korea not to fill China shortfalls if Beijing bans Micron chips

FT: South Korea signals its chipmakers can fill gap after China’s ban on Micron

May 23, 2023

Second COVID wave

Yet another COVID wave is sweeping through China. Recall: This is China’s second COVID wave since Beijing scrapped zero-COVID controls late last year. Given that the first wave was back in December-January, the immunity levels gained from previous infections have begun to wane. The latest: On Mond…

Yet another COVID wave is sweeping through China.
Recall: This is China's second COVID wave since Beijing scrapped zero-COVID controls late last year.

Given that the first wave was back in December-January, the immunity levels gained from previous infections have begun to wane.

The latest: On Mond...

sources

Yicai: 钟南山：新冠第二波疫情高峰或6月底出现，疫苗接种如何选择

Sina: 钟南山：6月底或是今年新冠第二波高峰，基础病人群要预防感染

May 23, 2023

Sort your trash, build our civilization

Xi Jinping’s five-year campaign to get China’s people to sort their garbage, and boost recycling, is just getting started. On Sunday, Xi replied to a letter from volunteer trash sorters in Shanghai. ICYMI: Xi gave trash sorting a big push when he visited their Shanghai community in 2018. A related p…

Xi Jinping’s five-year campaign to get China's people to sort their garbage, and boost recycling, is just getting started.
On Sunday, Xi replied to a letter from volunteer trash sorters in Shanghai.
ICYMI: Xi gave trash sorting a big push when he visited their Shanghai community in 2018. A related p...

sources

China Daily: Xi praises volunteers, urges public effort in trash sorting

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