string(13) "markets-macro"

Macro

March 5, 2025

Beijing to ramp up fiscal spending in 2025

Beijing has committed to a huge annual increase in government spending to bolster the economy. Specifically, in Wednesday’s Government Work Report (GWR), the government: Raised this year’s budget deficit target to 4% of GDP from 3% last year – equating to an extra RMB 1.6 trillion in deficit spendi… Username Password Remember Me … Read More »

Beijing has committed to a huge annual increase in government spending to bolster the economy.
Specifically, in Wednesday's Government Work Report (GWR), the government:

Raised this year’s budget deficit target to 4% of GDP from 3% last year – equating to an extra RMB 1.6 trillion in deficit spendi...

March 5, 2025

Monetary conditions set to loosen in 2025

Beijing will loosen monetary policy to support the economy in the year ahead. In its annual work report, presented to the legislature (NPC) on Wednesday, the macro planner (NDRC) committed to: “Lowering required reserve ratios and interest rates at the right time” More monetary support for the sto…

Beijing will loosen monetary policy to support the economy in the year ahead.
In its annual work report, presented to the legislature (NPC) on Wednesday, the macro planner (NDRC) committed to:

“Lowering required reserve ratios and interest rates at the right time”

More monetary support for the sto...

March 5, 2025

Beijing sets ambitious 2025 GDP growth target

It’s official: Beijing has set the 2025 GDP growth target at “around 5%.” That’s the same as last year – and right in line with expectations. Premier Li Qiang revealed the target in the annual Government Work Report (GWR), which he presented to the legislature (NPC) on Wednesday. The target is amb…

It's official: Beijing has set the 2025 GDP growth target at “around 5%.”

That's the same as last year – and right in line with expectations.

Premier Li Qiang revealed the target in the annual Government Work Report (GWR), which he presented to the legislature (NPC) on Wednesday.
The target is amb...

March 5, 2025

Consumption front and center in Beijing’s 2025 growth strategy

Beijing is finally homing in on a credible strategy to boost consumption. Measures to expand consumption returned as the government’s top priority in the Government Work Report (GWR) this year after falling to third place in last year’s edition. Better yet, the GWR set out a clear strategy for revi…

Beijing is finally homing in on a credible strategy to boost consumption.
Measures to expand consumption returned as the government's top priority in the Government Work Report (GWR) this year after falling to third place in last year's edition.

Better yet, the GWR set out a clear strategy for revi...

March 5, 2025

MofCom launches probe into US fiber optic imports

On Tuesday, the Ministry of Commerce (MofCom) announced it is launching an anti-circumvention investigation into US fiber optic products. In brief: China’s had anti-dumping duties on certain types of fiber optic cable – and on certain US fiber optic companies – since 2011. But MofCom is now explor…

On Tuesday, the Ministry of Commerce (MofCom) announced it is launching an anti-circumvention investigation into US fiber optic products.
In brief: China's had anti-dumping duties on certain types of fiber optic cable – and on certain US fiber optic companies – since 2011.

But MofCom is now explor...

sources

MofCom: 商务部公告2025年第14号公布对原产于美国的进口相关截止波长位移单模光纤发起反规避调查

UN COMTRADE: United States Exports of optical fibres, optical fibre bundles and cables to China

Global Times: China launches anti-circumvention probe into US fiber optic products

March 5, 2025

National security includes AI security

On Friday, Xi Jinping chaired a Politburo study session on the Peaceful China initiative. Some context: The Party established the Peaceful China Construction Coordinating Small Group in April 2020 to oversee economic security, political security, cultural security, social security, and ecological se…

On Friday, Xi Jinping chaired a Politburo study session on the Peaceful China initiative.
Some context: The Party established the Peaceful China Construction Coordinating Small Group in April 2020 to oversee economic security, political security, cultural security, social security, and ecological se...

sources

Xinhua: 习近平在中共中央政治局第十九次集体学习时强调坚定不移贯彻总体国家安全观把平安中国建设推向更高水平

March 5, 2025

National data platform opens

The national “data supermarket” is here. On Saturday, the National Data Administration’s (NDA) national public data registration platform opened its digital doors. We gave you a basic breakdown of the new institution when it was announced last month. To recap: Public data is data generated by gove…

The national “data supermarket” is here.
On Saturday, the National Data Administration’s (NDA) national public data registration platform opened its digital doors.

We gave you a basic breakdown of the new institution when it was announced last month.

To recap: Public data is data generated by gove...

sources

NDA: 央视新闻 | 公共数据“超市”来了事关医保、交通、金融等

NDA: 国家公共数据资源登记平台

March 4, 2025

A bad year for local government finances

Local government finances are in a pickle. Per an article published by Caixin on February 17, roughly two-thirds of China’s provinces reported a drop in tax revenues in 2024. The decline was driven by falling property-related taxes – a major source of local government revenue – and producer price d…

Local government finances are in a pickle.
Per an article published by Caixin on February 17, roughly two-thirds of China's provinces reported a drop in tax revenues in 2024.

The decline was driven by falling property-related taxes – a major source of local government revenue – and producer price d...

sources

Caixin: 财新周刊｜地方财政紧平衡

Caixin Global: In Depth: Chinese Local Governments Foresee Heightened Fiscal Pressure

March 4, 2025

Pre-owned home price declines ease for seventh straight month

The housing market is showing more signs of bottoming out. Survey data published on Saturday by China Index Academy, a real estate data provider, showed that: In February, the average prices of pre-owned properties across 100 cities fell 0.42% m/m, an improvement from January’s 0.51% decline Notabl…

The housing market is showing more signs of bottoming out.
Survey data published on Saturday by China Index Academy, a real estate data provider, showed that:

In February, the average prices of pre-owned properties across 100 cities fell 0.42% m/m, an improvement from January’s 0.51% decline
Notabl...

sources

China Index Academy: 百城二手房价格连续7个月环比跌幅收窄，核心城市楼市“小阳春”可期

March 4, 2025

Xi Jinping puts security on par with economic development

On Friday, Xi Jinping chaired a Politburo study session on the Peaceful China initiative.
Some context: The Party established the Peaceful China Construction Coordinating Small Group in April 2020 to oversee economic security, political security, cultural security, social security, and ecological se...

sources

Xinhua: 习近平在中共中央政治局第十九次集体学习时强调坚定不移贯彻总体国家安全观把平安中国建设推向更高水平

March 4, 2025

Secrecy around Silicon Valley of seeds

It’s going to be a big year for China’s Silicon Valley of seeds. On Friday, top ag officials and Hainan province leadership met to set a course for developing the Nanfan breeding base in 2025 Never heard of Nanfan? It’s a nearly 18,000-hectare field research facility where more than 70% of China’s n…

It's going to be a big year for China's Silicon Valley of seeds.
On Friday, top ag officials and Hainan province leadership met to set a course for developing the Nanfan breeding base in 2025
Never heard of Nanfan? It's a nearly 18,000-hectare field research facility where more than 70% of China's n...

sources

Gov.cn: 农业农村部部署推进国家南繁硅谷建设

Gov.cn: Nanfan: Highland for China's seed industry innovation

China News: 《海南自由贸易港数据出境管理清单（负面清单）》发布

Gov.cn: [2015] 农业部：26.8万亩南繁科研育种保护区获批

Gov.cn: [2023] 南繁”提档升级加速种业创新 ——解读《国家南繁硅谷建设规划（2023—2030年）》

March 4, 2025

Midnight in America

US President Trump’s second round of 10% tariffs on China went into effect at midnight in the US Eastern time zone – that is, China’s 1 PM Tuesday. By 1:01 PM, Beijing had responded, announcing: A package of counter-tariffs targeting US farm products The addition of multiple US companies to China’s…

US President Trump's second round of 10% tariffs on China went into effect at midnight in the US Eastern time zone – that is, China's 1 PM Tuesday.
By 1:01 PM, Beijing had responded, announcing:

A package of counter-tariffs targeting US farm products
The addition of multiple US companies to China's...

sources

Ministry of Finance: 国务院关税税则委员会关于对原产于美国的部分进口商品加征关税的公告

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162