string(13) "markets-macro"

Macro

May 23, 2025

Xi visits historic ball bearing factory in Henan

What happened: On May 21, Xi Jinping stopped by Luoyang LYC Bearing Group, a ball bearing manufacturer, during a tour of Henan. ICYDK: The lowly ball bearing has outsized importance in the modern world. Ball bearings are key components in almost any machine that moves, and deceptively difficult to… Username Password Remember Me … Read More »

Ball bearings are key components in almost any machine that moves, and deceptively difficult to...

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People.cn: 习近平在河南考察时强调坚定信心推动高质量发展高效能治理奋力谱写中原大地推进中国式现代化新篇章

May 23, 2025

Minister of Science and Technology visits Denmark

What happened: Minister of Science and Technology Yin Hejun led a delegation to Denmark, meeting with Christina Egelund, Denmark’s Minister of Higher Education and Science. The visit marked the 75th anniversary of the establishment of diplomatic relations between China and Denmark. It also marked t…

What happened: Minister of Science and Technology Yin Hejun led a delegation to Denmark, meeting with Christina Egelund, Denmark's Minister of Higher Education and Science.

The visit marked the 75th anniversary of the establishment of diplomatic relations between China and Denmark.
It also marked t...

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Ministry of Science and Technology: 中国科技部部长阴和俊访问丹麦

Ministry of Science and Technology: 首届中丹科技创新政策对话举办

May 23, 2025

eVTOL startup Want2 Fly secures state-backed funding for certification push

What happened: Anhui-based eVTOL startup Want2 Fly has raised tens of millions of RMB in an angel round, according to a public notice on May 15. The round was led by Shenzhen-based Longhua Capital, a state-backed venture firm. The funds will be used to pursue Type Certificate (TC) approval, an esse…

What happened: Anhui-based eVTOL startup Want2 Fly has raised tens of millions of RMB in an angel round, according to a public notice on May 15.

The round was led by Shenzhen-based Longhua Capital, a state-backed venture firm.
The funds will be used to pursue Type Certificate (TC) approval, an esse...

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Caixin: 低空飞行器公司尚飞航空完成新一轮融资投资方为深圳区属国企

May 22, 2025

PBoC reiterates economic support stance in meeting with banking executives

China’s central bank (PBoC) is doubling down on its existing playbook. On Wednesday, the PBoC hosted a symposium with senior executives from China’s major banks to discuss how the financial system can support government efforts to boost the economy. According to the meeting’s readout, the PBoC said …

China’s central bank (PBoC) is doubling down on its existing playbook.
On Wednesday, the PBoC hosted a symposium with senior executives from China’s major banks to discuss how the financial system can support government efforts to boost the economy.
According to the meeting’s readout, the PBoC said ...

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PBoC: 中国人民银行行长潘功胜主持召开金融支持实体经济座谈会

May 22, 2025

China, ASEAN finalize free trade agreement upgrade

China and ASEAN are poised to upgrade the ASEAN-China Free Trade Area (ACFTA). Final negotiations toward a 3.0 version of the trade pact – known as CAFTA in China – successfully concluded on Tuesday. Some context: ACFTA – established in 2002 – has gradually eliminated 90% of bilateral tariffs betw…

China and ASEAN are poised to upgrade the ASEAN-China Free Trade Area (ACFTA).

Final negotiations toward a 3.0 version of the trade pact – known as CAFTA in China – successfully concluded on Tuesday.

Some context: ACFTA – established in 2002 – has gradually eliminated 90% of bilateral tariffs betw...

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MofCom: 中国与东盟十国全面完成中国—东盟自贸区3.0版谈判

Global Times: China, ASEAN fully complete negotiations on CAFTA 3.0

21st Century Biz: 中国与东盟十国全面完成中国—东盟自贸区3.0版谈判

Reuters: China, ASEAN complete negotiations on upgraded free trade deal

May 22, 2025

EU imposes fee on small Chinese parcels

Chinese e-commerce retailers are facing a global trade backlash. On Tuesday, EU Trade Commissioner Maroš Šefčovič proposed a EUR 2 fee on small packages shipping directly to EU consumers, most of which come from China. Until now, packages worth less than EUR 150 were exempt from customs fees. Packa…

Chinese e-commerce retailers are facing a global trade backlash.
On Tuesday, EU Trade Commissioner Maroš Šefčovič proposed a EUR 2 fee on small packages shipping directly to EU consumers, most of which come from China.

Until now, packages worth less than EUR 150 were exempt from customs fees.
Packa...

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SCMP: EU to impose US$2.25 fee on cheap parcels, mostly from China

Bloomberg: G-7 countries discuss tariffs on low-value Chinese products

May 22, 2025

MEE releases three-year action plan to clean up rivers and lakes

Beijing’s going after dirty water – 2,573 bodies of it. On Wednesday, the environmental regulator (MEE), in conjunction with several other agencies, released a three-year action plan to clean up China’s rivers and lakes. The headline goal: By 2027, about 40% of targeted rivers and lakes should meet …

Beijing’s going after dirty water – 2,573 bodies of it.
On Wednesday, the environmental regulator (MEE), in conjunction with several other agencies, released a three-year action plan to clean up China's rivers and lakes.
The headline goal: By 2027, about 40% of targeted rivers and lakes should meet ...

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MEE: 关于印发《美丽河湖保护与建设行动方案（2025—2027年）》的通知

Gov.cn: 怎么建设？有哪些指标？钱从哪来？——解读《美丽河湖保护与建设行动方案（2025—2027年）》

May 22, 2025

Property roundup: Property sector recovery remains elusive

To view the roundup as a pdf, click here. The rundown Despite promising signs in late 2024, a rebound in China’s property sector has slipped out of sight. Official data on the sector, published earlier this week, point to a continued lack of homebuyer confidence. New home sales by floor space…

To view the roundup as a pdf, click here.
The rundown
Despite promising signs in late 2024, a rebound in China’s property sector has slipped out of sight.
Official data on the sector, published earlier this week, point to a continued lack of homebuyer confidence.

New home sales by floor space...

May 21, 2025

Home price declines accelerated in April

Home prices fell at a faster pace in April, underscoring that a demand recovery remains out of reach. The stats bureau’s (NBS) monthly survey of home prices in 70 major cities, published Monday, shows that in April: New home prices slipped 0.12% m/m, widening from a 0.08% drop in March Prices for p…

Home prices fell at a faster pace in April, underscoring that a demand recovery remains out of reach.
The stats bureau’s (NBS) monthly survey of home prices in 70 major cities, published Monday, shows that in April:

New home prices slipped 0.12% m/m, widening from a 0.08% drop in March
Prices for p...

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NBS: 2025年4月份70个大中城市商品住宅销售价格变动情况

NBS: 国家统计局城市司首席统计师王中华解读2025年4月份商品住宅销售价格变动情况统计数据

May 21, 2025

15th FYP to feature AI Plus

Get excited: It’s officially Five-Year Plan season. What happened: On March 19, state media announced a campaign to solicit public input on the drafting of the 15th Five-Year Plan (FYP). ICYDK: FYPs are high-level documents that set China’s policy priorities for the upcoming half-decade. The 14th …

Get excited: It's officially Five-Year Plan season.
What happened: On March 19, state media announced a campaign to solicit public input on the drafting of the 15th Five-Year Plan (FYP).
ICYDK: FYPs are high-level documents that set China's policy priorities for the upcoming half-decade.

The 14th ...

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news.cn: 我为“十五五”规划献一策

May 21, 2025

LPR rates decline by 10 bps, while major banks cut deposit rates

On Tuesday, China’s loan prime rates (LPRs) fell by 10 bps. The one-year LPR – the benchmark rate for pricing most corporate bank loans – dropped to 3.0% from 3.1%. The five-year LPR – used as the benchmark for mortgage rates – dropped to 3.5% from 3.6%. Some context: The LPRs are calculated …

On Tuesday, China’s loan prime rates (LPRs) fell by 10 bps.

The one-year LPR – the benchmark rate for pricing most corporate bank loans – dropped to 3.0% from 3.1%.
The five-year LPR – used as the benchmark for mortgage rates – dropped to 3.5% from 3.6%.

Some context: The LPRs are calculated ...

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PBoC: 2025年5月20日全国银行间同业拆借中心受权公布贷款市场报价利率（LPR）公告

Yicai: 国有六大行均官宣下调存款利率，最大降幅25个基点

May 21, 2025

IoT device connections over IPv6 significantly outpace expectations

What happened: On May 20, three network regulators (CAC, NDRC, MIIT) released annual targets and a work plan for national IPv6 upgrading. According to the plan, by the end of 2025, China wants to see: 1.1 billion Internet of Things (IoT) connections over IPv6, up from approximately 650 million at t…

1.1 billion Internet of Things (IoT) connections over IPv6, up from approximately 650 million at t...

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CAC: 中央网信办等三部门印发《2025年深入推进IPv6规模部署和应用工作要点》

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