string(13) "markets-macro"

Macro

February 28, 2025

Foreign data center pilot cautiously ramps up

Beijing is opening its arms to foreign data center investments… … but slowly. On Friday, the industrial regulator (MIIT) approved 13 foreign-invested firms to establish wholly-owned data centers in free trade zones across Beijing, Shanghai, Hainan, and Shenzhen. ICYMI: In April, MIIT announced… Username Password Remember Me Forgot Password

Beijing is opening its arms to foreign data center investments...

... but slowly.

On Friday, the industrial regulator (MIIT) approved 13 foreign-invested firms to establish wholly-owned data centers in free trade zones across Beijing, Shanghai, Hainan, and Shenzhen.
ICYMI: In April, MIIT announced...

sources

MIIT: 工业和信息化部深入推进电信业扩大开放向首批13家外资企业发放经营试点批复

February 28, 2025

More fiscal spending please

A top academic advisor to the government is urging Beijing to increase fiscal spending by RMB 2.5 trillion in 2025, at least in a round about way. More specifically, Wang Yiming – an academic member of the central bank’s (PBoC) monetary policy committee – says growth in broad government spending sho…

A top academic advisor to the government is urging Beijing to increase fiscal spending by RMB 2.5 trillion in 2025, at least in a round about way.
More specifically, Wang Yiming – an academic member of the central bank’s (PBoC) monetary policy committee – says growth in broad government spending sho...

sources

Caixin: 王一鸣：通过消费引导投资促进形成消费与投资的互动机制

February 28, 2025

Defusing AI Diffusion

US tech giants want a re-think on Biden-era chip curbs. On Thursday, both Microsoft and Amazon urged the Trump administration to chuck the AI Diffusion rules. Some context: Biden’s AI Diffusion rules regulate global AI chip sales through a tiered system limiting how many US-made chips other countrie…

US tech giants want a re-think on Biden-era chip curbs.
On Thursday, both Microsoft and Amazon urged the Trump administration to chuck the AI Diffusion rules.
Some context: Biden's AI Diffusion rules regulate global AI chip sales through a tiered system limiting how many US-made chips other countrie...

sources

Bloomberg: Microsoft, Amazon, Nvidia Urge Trump to Revise Chip Export Curbs

February 28, 2025

New Trump tariff threat risks retaliation by Beijing

Tariff Man is at it again. On Thursday, US President Donald Trump announced he intends to impose an additional 10% tariff on Chinese imports from March 4 over “unacceptable levels” of fentanyl entering the US. On Friday, China’s commerce ministry (MofCom) issued a tersely worded response: …

Tariff Man is at it again.
On Thursday, US President Donald Trump announced he intends to impose an additional 10% tariff on Chinese imports from March 4 over “unacceptable levels” of fentanyl entering the US.
On Friday, China’s commerce ministry (MofCom) issued a tersely worded response:
...

sources

The Guardian: Trump threatens China with additional 10% tariff in escalation of trade war

MofCom: 王文涛部长向美国新任商务部长致信

MofCom: 王文涛部长向美国新任贸易代表致信

Whitehouse.gov: America First Trade Policy

MofCom: 商务部新闻发言人就美方威胁对中国输美产品再加征10%关税答记者问

February 28, 2025

Politburo discusses the Government Work Report

On Friday, the Politburo met to deliberate on the Government Work Report (GWR). Some context: The GWR, which Premier Li Qiang will present to the legislature (NPC) on March 5, will set economic targets and policy priorities for the year ahead. It is highly anticipated by businesses and investors. …

On Friday, the Politburo met to deliberate on the Government Work Report (GWR).
Some context: The GWR, which Premier Li Qiang will present to the legislature (NPC) on March 5, will set economic targets and policy priorities for the year ahead.

It is highly anticipated by businesses and investors.

...

sources

Xinhua: 中共中央政治局召开会议讨论政府工作报告中共中央总书记习近平主持会议

February 28, 2025

Beijing courts Brussels amid fraying transatlantic ties

A month into his second term, US President Donald Trump has taken a wrecking ball to transatlantic relations. ICYMI: The new US administration has aligned with Russia on Ukraine, cooled US support for European defense, openly backed far-right parties in European elections, and threatened a 25% tarif…

A month into his second term, US President Donald Trump has taken a wrecking ball to transatlantic relations.
ICYMI: The new US administration has aligned with Russia on Ukraine, cooled US support for European defense, openly backed far-right parties in European elections, and threatened a 25% tarif...

sources

SCMP: Exclusive | Your best friend has abandoned you: inside China’s latest EU charm offensive

February 28, 2025

Party releases five-year training plan for Party members

China’s nearly 100 million Party members are in for a headful of Xi Jinping’s thoughts. On Thursday, the General Office of the Party’s Central Committee released the National Party Member Education and Training Work Plan (2024–2028). Some context: This is the fourth such five-year training plan. In…

China's nearly 100 million Party members are in for a headful of Xi Jinping's thoughts.
On Thursday, the General Office of the Party’s Central Committee released the National Party Member Education and Training Work Plan (2024–2028).
Some context: This is the fourth such five-year training plan.

In...

sources

Central Organization Department: 中共中央办公厅印发《全国党员教育培训工作规划（2024—2028年）》

Central Organization Department: 党的创新理论

February 28, 2025

Good vibes from the state venture capital pilot program

On Thursday, the banking regulator (NFRA) and macro planner (NDRC) sat down with China’s five big asset investment companies (AICs) to discuss the progress of an ongoing venture investment pilot. Some context: The AICs are controlled by China’s largest state-owned banks, and usually inv…

On Thursday, the banking regulator (NFRA) and macro planner (NDRC) sat down with China’s five big asset investment companies (AICs) to discuss the progress of an ongoing venture investment pilot.
Some context: The AICs are controlled by China’s largest state-owned banks, and usually inv...

sources

Financial News: 金融监管总局与国家发展改革委召开金融资产投资公司股权投资试点座谈会

February 28, 2025

Trump administration considers more chip controls

Will he or won’t he? On Tuesday, Bloomberg reported that the Trump administration is weighing tougher chip export controls on China. Potential moves include: Pressuring Japan and the Netherlands to limit tool maintenance Blacklisting more Chinese companies Widening ban of Nvidia chips Intensi…

Will he or won’t he?
On Tuesday, Bloomberg reported that the Trump administration is weighing tougher chip export controls on China.
Potential moves include:

Pressuring Japan and the Netherlands to limit tool maintenance
Blacklisting more Chinese companies
Widening ban of Nvidia chips
Intensi...

sources

Bloomberg: Trump Team Seeking to Toughen Biden’s Chip Controls Over China

February 27, 2025

Mainland holds Taiwan policy conference, as Taipei faces uncertainty

On Tuesday and Wednesday, Politburo Standing Committee member Wang Huning presided over the annual Taiwan Affairs Work Conference, which lays out the Party’s approach to cross-strait relations. Much of the meeting’s readout reiterated familiar themes, emphasizing the need to: Respect the 1992 Conse…

On Tuesday and Wednesday, Politburo Standing Committee member Wang Huning presided over the annual Taiwan Affairs Work Conference, which lays out the Party’s approach to cross-strait relations.
Much of the meeting’s readout reiterated familiar themes, emphasizing the need to:

Respect the 1992 Conse...

sources

Xinhua: 2025年对台工作会议在京召开

SCMP: Taiwan coastguard detains mainland Chinese crew after undersea cable damaged

Reuters: Taiwan details surge in Chinese military activity, did not detect live fire

SCMP: Donald Trump declines to say whether US would defend Taiwan in attack by mainland China

February 27, 2025

Xi Jinping calls for calm in navigating the year ahead

Xi Jinping wants cool heads to prevail as senior leaders tackle the coming year’s challenges. On Wednesday, Xinhua reported that Xi Jinping had finished reviewing the 2024 annual work reports of senior officials across the Party-state. Some context: Since 2018, senior officials have been required to…

Xi Jinping wants cool heads to prevail as senior leaders tackle the coming year's challenges.
On Wednesday, Xinhua reported that Xi Jinping had finished reviewing the 2024 annual work reports of senior officials across the Party-state.
Some context: Since 2018, senior officials have been required to...

sources

Xinhua: 中央政治局委员、书记处书记等向党中央和习近平总书记述职

Xinhua: 中央政治局委员书记处书记全国人大常委会国务院全国政协党组成员最高人民法院最高人民检察院党组书记向党中央和习近平总书记述职

February 27, 2025

Beijing commits to “proactively” cracking down on enduring industrial price wars

On Wednesday, China’s market regulator (SAMR) corralled seven tech, solar, and auto companies to discuss their industries’ overcapacity-driven price wars. Specifically: Alibaba and JD.com attended from the tech side JA Solar, Trina Solar, and LONGi attended from the solar side BAIC and Mercedes-Ben…

On Wednesday, China's market regulator (SAMR) corralled seven tech, solar, and auto companies to discuss their industries' overcapacity-driven price wars. Specifically:

Alibaba and JD.com attended from the tech side
JA Solar, Trina Solar, and LONGi attended from the solar side
BAIC and Mercedes-Ben...

sources

SCMP: China strives to end vicious price wars plaguing several industries

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