string(13) "markets-macro"

Macro

March 4, 2025

Control, Alt, Delete

China is not taking the imposition of new tariffs by the US lying down. ICYMI: On Tuesday, the US imposed additional 10% tariffs on all Chinese imports. The new tariffs are in addition to already existing tariffs. In response, on Tuesday, the Ministry of Commerce (MofCom) added 15 US companies to it… Username Password Remember… Read More »

China is not taking the imposition of new tariffs by the US lying down.
ICYMI: On Tuesday, the US imposed additional 10% tariffs on all Chinese imports. The new tariffs are in addition to already existing tariffs.
In response, on Tuesday, the Ministry of Commerce (MofCom) added 15 US companies to it...

sources

MofCom: 商务部公告2025年第13号公布将15家美国实体列入出口管制管控名单

MofCom: 商务部新闻发言人就出口管制管控名单有关问题答记者问

The Atlantic: The Tech Site That Took On China’s Surveillance State

March 4, 2025

Illumina banned from exporting to China

On Tuesday, the Ministry of Commerce (MofCom) banned US biotech giant Illumina from exporting gene sequencers to China. Some context: Beijing added Illumina to its Unreliable Entity List (UEL) in February in retaliation for the first round of US tariffs under the new Trump administration. At the ti…

On Tuesday, the Ministry of Commerce (MofCom) banned US biotech giant Illumina from exporting gene sequencers to China.
Some context: Beijing added Illumina to its Unreliable Entity List (UEL) in February in retaliation for the first round of US tariffs under the new Trump administration.

At the ti...

sources

MofCom: 商务部新闻发言人就对美国因美纳公司采取不可靠实体清单处理措施答记者问

Illumina: Q4 2024 Earnings Presentation

Illumina: Illumina Deepens Commitment to Customers in China With New Manufacturing Site

Politico: Illumina hires Scalise alums to lobby on NDAA

Yicai: 因美纳首批“中国造”设备交付

March 4, 2025

Beijing robotics industry plan stresses tech localization

Bring on the automation boom. On Friday, the municipality of Beijing released a three-year plan to boost breakthroughs in the field of “embodied intelligence.” That generally refers to robotics technologies powered by AI reasoning. Some context: New humanoid robot deployments by firms such as UBT…

Bring on the automation boom.
On Friday, the municipality of Beijing released a three-year plan to boost breakthroughs in the field of "embodied intelligence."

That generally refers to robotics technologies powered by AI reasoning.

Some context: New humanoid robot deployments by firms such as UBT...

sources

Beijing Gov: 北京市科学技术委员会、中关村科技园区管理委员会等部门关于印发《北京具身智能科技创新与产业培育行动计划（2025-2027年）》的通知

SCMP: Future of Made-in-China: UBTech Robotics deploys first humanoid ‘team’ in car factory

March 4, 2025

Overseeing over-the-air

On Friday, the industrial ministry (MIIT) issued a notice strengthening oversight of over-the-air (OTA) smart car software updates and recalls. A draft was released in August. Some context: Smart car manufacturers have the ability to push upgrades to cars remotely. This can cause potential safety…

On Friday, the industrial ministry (MIIT) issued a notice strengthening oversight of over-the-air (OTA) smart car software updates and recalls.

A draft was released in August.

Some context: Smart car manufacturers have the ability to push upgrades to cars remotely.

This can cause potential safety...

sources

MIIT: 工业和信息化部市场监管总局关于进一步加强智能网联汽车产品准入、召回及软件在线升级管理的通知

March 3, 2025

February manufacturing output picks up slightly

February’s PMI readings tentatively suggest China’s manufacturing sector is starting to hum. A quick refresher: Headline PMI figures reflect month-on-month changes in overall manufacturing conditions, where readings above 50 signal improvement and below 50 indicate deterioration. Per stats bureau (N…

February’s PMI readings tentatively suggest China’s manufacturing sector is starting to hum.
A quick refresher: Headline PMI figures reflect month-on-month changes in overall manufacturing conditions, where readings above 50 signal improvement and below 50 indicate deterioration.
Per stats bureau (N...

March 3, 2025

China pushes expansion of affordable aged care

Beijing is stepping in to expand the supply of affordable eldercare. On Friday, the macro planner (NDRC), finance ministry (MoF), and six other central authorities issued a package of measures aimed at developing “inclusive” elderly care services. ICYDK: China is rapidly aging. As of 2024, 220 mill…

Beijing is stepping in to expand the supply of affordable eldercare.
On Friday, the macro planner (NDRC), finance ministry (MoF), and six other central authorities issued a package of measures aimed at developing "inclusive" elderly care services.
ICYDK: China is rapidly aging.

As of 2024, 220 mill...

sources

Gov.cn: 国家发展改革委等部门关于印发《促进普惠养老服务高质量发展的若干措施》的通知

Gov.cn: 国家发展改革委、民政部、自然资源部负责同志就《促进普惠养老服务高质量发展的若干措施》答记者问

China Youth Daily: 为促进普惠养老服务高质量发展多部门发布系列举措

March 3, 2025

Xi Jinping frames weak demand as economic security threat

The Party leadership made boosting consumption the top priority for 2025 at December’s Central Economic Work Conference (CEWC). Now we know more about what the big man thinks is at stake. On Friday, Qiushi, the Party’s top journal, published excerpts of Xi Jinping’s remarks at the CEWC, where he f…

The Party leadership made boosting consumption the top priority for 2025 at December's Central Economic Work Conference (CEWC).

Now we know more about what the big man thinks is at stake.

On Friday, Qiushi, the Party’s top journal, published excerpts of Xi Jinping's remarks at the CEWC, where he f...

sources

Qiushi: 经济工作必须统筹好几对重要关系

March 3, 2025

China mulls response to new Trump tariffs

Beijing isn’t going to take US tariffs lying down. On Monday, state media cited a “reliable source” as saying that China was gearing up to strike back against US President Donald Trump’s recently announced 10% tariff on Chinese goods. Try to keep up: That’s in addition to the previous 10% tariff tha…

Beijing isn’t going to take US tariffs lying down.
On Monday, state media cited a “reliable source” as saying that China was gearing up to strike back against US President Donald Trump’s recently announced 10% tariff on Chinese goods.
Try to keep up: That’s in addition to the previous 10% tariff tha...

sources

Global Times: China studies countermeasures against US’ threatened extra 10% tariff; US agricultural, food goods likely to be listed: source

March 3, 2025

MIIT gets a new boss – again

China’s industrial regulator (MIIT) has its third leader in three years. On Friday, Liaoning Governor Li Lecheng was appointed MIIT’s Party Secretary, replacing Jin Zhuanglong, who held the job for just over two years. Li spent most of his career climbing the ranks in various government roles in Hu…

China’s industrial regulator (MIIT) has its third leader in three years.
On Friday, Liaoning Governor Li Lecheng was appointed MIIT’s Party Secretary, replacing Jin Zhuanglong, who held the job for just over two years.

Li spent most of his career climbing the ranks in various government roles in Hu...

sources

MIIT: 李乐成同志任工业和信息化部党组书记

21st Century Biz: 东北振兴“破局者”李乐成履新工信部

March 3, 2025

Xi meets with Russian top brass

On Friday, Xi Jinping met with Secretary of the Russian Security Council Sergey Shoigu in Beijing. Some context: Shoigu was Russia’s defense minister until May 2024 and oversaw the initial phases of the war in Ukraine until his removal. Xi told Shoigu that China and Russia should: “Maintain close c…

On Friday, Xi Jinping met with Secretary of the Russian Security Council Sergey Shoigu in Beijing.
Some context: Shoigu was Russia’s defense minister until May 2024 and oversaw the initial phases of the war in Ukraine until his removal.
Xi told Shoigu that China and Russia should:

“Maintain close c...

sources

Gov.cn: Xi meets Russian Federation Security Council secretary

March 1, 2025

Podcast | AI fever and the future of China’s private sector

The firehose of tech-related China policy developments has been at full blast over the past few weeks. And as always, Trivium is here to break down all the latest. In this week’s podcast, Trivium China Co-founder Andrew Polk is joined by Trivium Partner and Head of Tech Policy Research Kendra Sch…

The firehose of tech-related China policy developments has been at full blast over the past few weeks.

And as always, Trivium is here to break down all the latest.

In this week's podcast, Trivium China Co-founder Andrew Polk is joined by Trivium Partner and Head of Tech Policy Research Kendra Sch...

March 1, 2025

Chinese state institutions rapidly adopt DeepSeek

DeepSeek is helping the state modernize. This week, several media outlets have reported that government bodies and state-owned enterprises (SOEs) are rapidly jumping on the DeepSeek bandwagon. Some context: Chinese state adoption of LLMs was previously hampered by the fact that the best LLMs were e…

DeepSeek is helping the state modernize.
This week, several media outlets have reported that government bodies and state-owned enterprises (SOEs) are rapidly jumping on the DeepSeek bandwagon.
Some context: Chinese state adoption of LLMs was previously hampered by the fact that the best LLMs were e...

sources

Caixin: 能源央企密集接入DeepSeek AI进入能源领域刚起步

FT: DeepSeek spreads across China with Beijing’s backing

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