string(13) "markets-macro"

Macro

March 7, 2025

AI teachers are coming

AI is coming to China’s classrooms. That’s according to Minister of Education Huai Jinpeng, speaking at the Two Sessions minister’s press briefing on Wednesday. Some context: Beijing has been trying to figure out how to leverage AI to supercharge education since at least 2017 (Gov.cn). But the p… Username Password Remember Me Forgot… Read More »

AI is coming to China’s classrooms.

That's according to Minister of Education Huai Jinpeng, speaking at the Two Sessions minister's press briefing on Wednesday.

Some context: Beijing has been trying to figure out how to leverage AI to supercharge education since at least 2017 (Gov.cn).

But the p...

sources

Gov.cn: 国务院关于印发新一代人工智能发展规划的通知

Sina: DeepSeek重要应用方向？教育部部长透露：AI教育白皮书将发布

March 7, 2025

Podcast | Decoding China’s 2025 economic playbook

The wait is over: China’s annual policy extravaganza, the Two Sessions, kicked off in Beijing on March 4. In our latest podcast, Trivium Co-founder Andrew Polk and Dinny McMahon, head of markets research, unpack the key economic targets in Premier Li Qiang’s Government Work Report. Given the econom…

The wait is over: China's annual policy extravaganza, the Two Sessions, kicked off in Beijing on March 4.
In our latest podcast, Trivium Co-founder Andrew Polk and Dinny McMahon, head of markets research, unpack the key economic targets in Premier Li Qiang's Government Work Report.

Given the econom...

March 7, 2025

An AI law is in demand

Multiple policy proposals from the Two Sessions call for China to hurry up and release an AI Law. ICYDK: As the Two Sessions unfold, delegates from government, industry, and academia submit hundreds of policy proposals for consideration. The proposals reveal how top thinkers believe China should …

Multiple policy proposals from the Two Sessions call for China to hurry up and release an AI Law.
ICYDK: As the Two Sessions unfold, delegates from government, industry, and academia submit hundreds of policy proposals for consideration.

The proposals reveal how top thinkers believe China should ...

sources

Tencent WeChat: 中国科学院院士李景虹：加快出台《人工智能促进法》，推动AI赋能新型工业化

Tencent WeChat: 小米集团创始人雷军：加快发展人工智能终端产业，力争2030年前全球领先

21st Century Biz: 全国人大代表阎建国：尽快制定《人工智能法》，护航人工智能发展与安全

March 6, 2025

Xi Jinping emphasizes role of social security in advancing Common Prosperity

Xi Jinping has put the heat on officials to boost investment in social security. On Wednesday, the big man met with the Jiangsu delegation to the National People’s Congress. When discussing Common Prosperity, his signature initiative to reduce income inequality, Xi unexpectedly emphasized that gover…

Xi Jinping has put the heat on officials to boost investment in social security.
On Wednesday, the big man met with the Jiangsu delegation to the National People's Congress.
When discussing Common Prosperity, his signature initiative to reduce income inequality, Xi unexpectedly emphasized that gover...

sources

Xinhua: 两会受权发布｜习近平在参加江苏代表团审议时强调经济大省要挑大梁为全国发展大局作贡献

Xinhua: “投资于人”首入政府工作报告有深意

March 6, 2025

Green growth to drive growth

Wednesday’s Government Work Report (GWR) made it abundantly clear that environmental and economic goals go hand-in-hand. The GWR called for: “Coordinated promotion of emission reduction, pollution reduction, improving the ecological environment, and promoting growth” “Accelerating the green transfo…

Wednesday's Government Work Report (GWR) made it abundantly clear that environmental and economic goals go hand-in-hand.
The GWR called for:

“Coordinated promotion of emission reduction, pollution reduction, improving the ecological environment, and promoting growth”
“Accelerating the green transfo...

March 6, 2025

China raises annual grain output target

Beijing is targeting over 700 million metric tons of grain output in 2025. The target – 7.7% higher than last year’s goal of 650 million tons – was announced by Premier Li Qiang in the Government Work Report (GWR) on Wednesday. It’s the first time this top-line food security target has been raised …

Beijing is targeting over 700 million metric tons of grain output in 2025.
The target – 7.7% higher than last year's goal of 650 million tons – was announced by Premier Li Qiang in the Government Work Report (GWR) on Wednesday.

It's the first time this top-line food security target has been raised ...

March 6, 2025

Steel market buoyed by unverified evidence of capacity reduction plan

Beijing may finally crack down on steel overcapacity. Last week, an unverified image of a government plan to reduce steel capacity started circulating on social media. There has been no official confirmation of the plan, though the image is already pushing up steel prices – enough to make internati…

Beijing may finally crack down on steel overcapacity.
Last week, an unverified image of a government plan to reduce steel capacity started circulating on social media.

There has been no official confirmation of the plan, though the image is already pushing up steel prices – enough to make internati...

sources

Bloomberg: China’s Steel Sector Seized by Talk of ‘Supply Reform 2.0’

March 6, 2025

Government work report prioritizes liquidity support for property sector

This year, liquidity support will take center stage in Beijing’s property rescue efforts. The Government Work Report, released on Wednesday, pledged: More bank lending to developers through the property “whitelist” mechanism Faster government acquisition of developers’ unsold housing inventory More…

This year, liquidity support will take center stage in Beijing’s property rescue efforts.
The Government Work Report, released on Wednesday, pledged:

More bank lending to developers through the property “whitelist” mechanism
Faster government acquisition of developers’ unsold housing inventory
More...

March 6, 2025

Policy support for tech will focus on AI, “future industries”

In 2025, Beijing will focus tech support on a select group of emerging technologies. That’s according to the Government Work Report (GWR), which Premier Li Qiang presented to the legislature (NPC) on Wednesday. Support targets include “future industries,” which Beijing identifies as: The low-alt…

In 2025, Beijing will focus tech support on a select group of emerging technologies.

That's according to the Government Work Report (GWR), which Premier Li Qiang presented to the legislature (NPC) on Wednesday.

Support targets include "future industries," which Beijing identifies as:

The low-alt...

sources

NPC: Report on the Work of the Government - 2025

March 6, 2025

Folding high-tech enterprises into high-tech policymaking

The Two Sessions provided a strong signal of support for China’s tech giants. Some context: Last month, Xi Jinping sat down with China’s top tech execs to restore post-crackdown confidence. Beijing is now going a step further. According to the Government Work Report (GWR), China will: “Fully levera…

The Two Sessions provided a strong signal of support for China’s tech giants.
Some context: Last month, Xi Jinping sat down with China’s top tech execs to restore post-crackdown confidence.
Beijing is now going a step further. According to the Government Work Report (GWR), China will:

“Fully levera...

sources

Economic Daily: 发挥企业创新主力军作用

March 6, 2025

Cash for gadgets

China is expanding its consumer subsidy program, and AI adoption will benefit. Per the Government Work Report (GWR), released at the Two Sessions on Wednesday: “[We] will issue RMB 300 billion of special ultra-long-term government bonds to support the consumer goods trade-in [program].” Some conte…

China is expanding its consumer subsidy program, and AI adoption will benefit.
Per the Government Work Report (GWR), released at the Two Sessions on Wednesday:

“[We] will issue RMB 300 billion of special ultra-long-term government bonds to support the consumer goods trade-in [program].”

Some conte...

sources

NPC: Report on the Work of the Government

March 6, 2025

Doubling down on basic research funding

China is committing more cash to sci-tech research. The annual Ministry of Finance (MoF) budget report draft, released at the Two Sessions on Tuesday, revealed that China will boost its national science and technology budget by 10% for the second year running. That brings the total sci-tech researc…

China is committing more cash to sci-tech research.
The annual Ministry of Finance (MoF) budget report draft, released at the Two Sessions on Tuesday, revealed that China will boost its national science and technology budget by 10% for the second year running.

That brings the total sci-tech researc...

sources

NPC Observer: REPORT ON THE EXECUTION OF THE CENTRAL AND LOCAL BUDGETS FOR 2024 AND ON THE DRAFT CENTRAL AND LOCAL BUDGETS FOR 2025

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