string(13) "markets-macro"

Macro

April 17, 2023

Science Twin Cities

On Wednesday, the Ministry of Science and Technology, Chinese Academy of Sciences, and 12 other government agencies released a master plan for building “western science cities” in the Chengdu-Chongqing Economic Circle (CCEC). The CCEC refers to a massive city cluster (31 cities!) centered around Ch… Username Password Remember Me Forgot Password

The CCEC refers to a massive city cluster (31 cities!) centered around Ch...

sources

Ministry of Science and Technology: 科技部等印发《关于进一步支持西部科学城加快建设的意见》的通知

Gov.cn: 2021年全国科技经费投入统计公报

April 17, 2023

Catch spies, protect the plateau, and go barrier-free

Get excited legal eagles – China’s legislative plan for 2023 is coming soon. On Friday, the legislature‘s (NPCSC) council of chairpersons approved the plan. That means the plan will likely be released in the coming weeks. Friday’s meeting also scheduled the NPCSC’s next legislative session, which w…

Get excited legal eagles – China's legislative plan for 2023 is coming soon.
On Friday, the legislature‘s (NPCSC) council of chairpersons approved the plan. That means the plan will likely be released in the coming weeks.
Friday's meeting also scheduled the NPCSC's next legislative session, which w...

sources

NPC: 赵乐际主持召开十四届全国人大常委会第二次委员长会议决定十四届全国人大常委会第二次会议4月24日至26日举行

April 17, 2023

Solidarity forever

Last week, Brazilian President Luiz Inácio Lula da Silva gave a big thumbs up to Xi Jinping’s vision for decentering America in the global system. Lula paid a state visit to China from Wednesday to Saturday, including a one-on-one with Xi on Friday. On Thursday, Lula criticized the dollar’s dominanc…

Last week, Brazilian President Luiz Inácio Lula da Silva gave a big thumbs up to Xi Jinping’s vision for decentering America in the global system.
Lula paid a state visit to China from Wednesday to Saturday, including a one-on-one with Xi on Friday.
On Thursday, Lula criticized the dollar’s dominanc...

sources

MoFA: President Xi Jinping Holds Talks with Brazilian President Lula da Silva

AFP: Brazil's Lula to meet Xi in Beijing after lashing out at US dollar, IMF

FT: Lula vows partnership with China to ‘balance world geopolitics’

April 17, 2023

Work, work, work, work, work

Beijing is struggling to come up with answers for its unemployment headaches. Premier Li Qiang devoted a chunk of Friday’s State Council executive meeting to jobs, pledging to (Gov.cn): “Streamline, adjust, and stabilize employment policies.” Some context: Unemployment remains stubbornly above pre…

Beijing is struggling to come up with answers for its unemployment headaches.
Premier Li Qiang devoted a chunk of Friday's State Council executive meeting to jobs, pledging to (Gov.cn):

“Streamline, adjust, and stabilize employment policies.”

Some context: Unemployment remains stubbornly above pre...

sources

Gov.cn: 李强主持召开国务院常务会议研究优化调整稳就业政策措施等

Gov.cn: 国务院新闻办就2023年1—2月份国民经济运行情况举行发布会

April 17, 2023

We will do more, really

The central bank (PBoC) has a long list of to-dos to get growth back on track. On Friday, the PBoC released the readout from the quarterly meeting of its monetary policy committee held on April 7. Per the readout, the PBoC is still not sold on China’s recovery (PBoC): “The domestic economy is recov…

The central bank (PBoC) has a long list of to-dos to get growth back on track.
On Friday, the PBoC released the readout from the quarterly meeting of its monetary policy committee held on April 7.
Per the readout, the PBoC is still not sold on China’s recovery (PBoC):

“The domestic economy is recov...

sources

PBoC: 中国人民银行货币政策委员会召开2023年第一季度例会

April 17, 2023

Springtime for property

We have more evidence that China’s housing market might be on the mend. On Saturday, the stats bureau (NBS) released its monthly survey of home prices in 70 of China’s biggest cities. According to Bloomberg’s calculations based on the NBS data (Bloomberg): New-home prices rose 0.44% from a month ea…

We have more evidence that China’s housing market might be on the mend.
On Saturday, the stats bureau (NBS) released its monthly survey of home prices in 70 of China's biggest cities.
According to Bloomberg's calculations based on the NBS data (Bloomberg):

New-home prices rose 0.44% from a month ea...

sources

NBS: 2023年3月份70个大中城市商品住宅销售价格变动情况

Bloomberg: China Home Prices Rise for Second Month as Market Stabilizes

April 17, 2023

Playing whack-a-mole

The US is trying to clamp down on China selling restricted tech to Russia. On Thursday, the Bureau of Industry and Security (BIS) at the US Department of Commerce added 12 Chinese companies to its Entity List. They are all electronics distributors trying to sell restricted items to Russia. Recap: …

They are all electronics distributors trying to sell restricted items to Russia.

Recap: ...

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Federal Register: Additions and Revisions of Entities to the Entity List

Caixin: 美国再将12家中国分销商纳入“实体清单” 影响几何？

April 15, 2023

This is what we mean by “normalized supervision”

At a press conference on Thursday, market regulator (SAMR) Director Luo Wen, offered more details about how the agency will regulate big tech. What Luo said: He outlined five key aims the agency will pursue this year to regulate platforms, namely: Strengthening the regulatory framework to “create a…

At a press conference on Thursday, market regulator (SAMR) Director Luo Wen, offered more details about how the agency will regulate big tech.
What Luo said: He outlined five key aims the agency will pursue this year to regulate platforms, namely:

Strengthening the regulatory framework to “create a...

sources

SCIO: 国新办举行“权威部门话开局”系列主题新闻发布会介绍“激发市场活力夯实高质量发展基础”有关情况

April 15, 2023

CAC is still developing rural China

On Thursday, the cyber watchdog (CAC), macro planner (NDRC), and three other agencies released their 2023 goals for developing digital villages. Some context: The CAC has led a long-running effort to develop rural digital infrastructure, aiming to boost productivity, reduce the economic gap with urb…

On Thursday, the cyber watchdog (CAC), macro planner (NDRC), and three other agencies released their 2023 goals for developing digital villages.
Some context: The CAC has led a long-running effort to develop rural digital infrastructure, aiming to boost productivity, reduce the economic gap with urb...

sources

CAC: 中央网信办等五部门印发《2023年数字乡村发展工作要点》

April 14, 2023

You can (mostly) go your own way

Tired of hearing about Xi Jinping’s trip to Guangdong? Well too bad! On Thursday, Xi told the province to remain the vanguard of Chinese innovation (Xinhua): “Guangdong is a pioneer and pacesetter of China’s reform and opening up.” “[It should] lead in comprehensively deepening reform, promoting …

Tired of hearing about Xi Jinping’s trip to Guangdong?

Well too bad!

On Thursday, Xi told the province to remain the vanguard of Chinese innovation (Xinhua):

“Guangdong is a pioneer and pacesetter of China's reform and opening up."
"[It should] lead in comprehensively deepening reform, promoting ...

sources

Xinhua: Xi Focus: Xi stresses deepening reform, expanding opening up, advancing Chinese modernization

April 14, 2023

Load but don’t fire (yet)

Beijing does not want the independence-leaning DPP to win reelection in Taiwan’s presidential election, scheduled for January 13, 2024. That’s why on Wednesday the Ministry of Commerce (MofCom) launched a trade barrier investigation against Taiwan. The probe follows three days of mainland military …

Beijing does not want the independence-leaning DPP to win reelection in Taiwan's presidential election, scheduled for January 13, 2024.
That's why on Wednesday the Ministry of Commerce (MofCom) launched a trade barrier investigation against Taiwan.

The probe follows three days of mainland military ...

sources

Taiwan News: Taiwan responds to China's trade barrier allegations

MofCom: 商务部公告2023年第11号商务部关于就台湾地区对大陆贸易限制措施进行贸易壁垒调查的公告

Focus Taiwan: Taiwan exports hit high in 2022 despite weakness in 2nd half

April 14, 2023

Uncle Xi wants YOU

The PLA is prepping for war. On Wednesday, the State Council and Central Military Commission released updated regulations on military conscription. The regulations were last updated in 2001. The biggest change: A whole new section on drafting soldiers during wartime. The revised regs stipulate th…

The PLA is prepping for war.
On Wednesday, the State Council and Central Military Commission released updated regulations on military conscription.

The regulations were last updated in 2001.

The biggest change: A whole new section on drafting soldiers during wartime.

The revised regs stipulate th...

sources

Gov.cn: 征兵工作条例

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