string(13) "markets-macro"

Macro

March 24, 2023

Job market blues

Meet China’s new labor czar. From Monday to Wednesday, Shen Yiqin – one of China’s five newly appointed state councilors and the country’s highest-ranked female official – toured two Jiangsu cities to better understand the province’s labor market. ICYDK: A member of the Bai ethnic minority, Shen spe… Username Password Remember Me Forgot… Read More »

Meet China’s new labor czar.
From Monday to Wednesday, Shen Yiqin – one of China’s five newly appointed state councilors and the country’s highest-ranked female official – toured two Jiangsu cities to better understand the province’s labor market.
ICYDK: A member of the Bai ethnic minority, Shen spe...

sources

Xinhua: 谌贻琴强调全力抓好党中央稳就业部署落实推动就业进一步回稳向好

March 24, 2023

No stranger to the field

Well, that’s settled then. On Thursday, Vice Premier Liu Guozhong was in Sichuan for the National Spring Agricultural Production Work Meeting – an annual inter-agency effort to prepare for the winter wheat harvest and spring planting season. The meeting’s readout was pretty routine, but told us some…

Well, that's settled then.
On Thursday, Vice Premier Liu Guozhong was in Sichuan for the National Spring Agricultural Production Work Meeting – an annual inter-agency effort to prepare for the winter wheat harvest and spring planting season.
The meeting's readout was pretty routine, but told us some...

sources

Gov.cn: 刘国中出席全国春季农业生产工作会议并讲话

March 24, 2023

It’s a big no

TikTok’s high-profile car crash of a Congressional hearing on Thursday served to reinforce the perception of Washington policymakers that the Chinese government controls the company. The big question: How would Beijing react if Washington forces TikTok’s Chinese owners (Bytedance) to divest the comp…

TikTok’s high-profile car crash of a Congressional hearing on Thursday served to reinforce the perception of Washington policymakers that the Chinese government controls the company.
The big question: How would Beijing react if Washington forces TikTok’s Chinese owners (Bytedance) to divest the comp...

sources

MofCom: 商务部召开例行新闻发布会（2023年3月23日）

March 24, 2023

Disperse and discharge

China’s top-tier hospitals are overburdened. Authorities want to change that. On Thursday, the Party Central Committee and the State Council released “Opinions on further improving the medical and health service system.” The Opinions set qualitative targets for revamping China’s public healthcare s…

China's top-tier hospitals are overburdened. Authorities want to change that.
On Thursday, the Party Central Committee and the State Council released "Opinions on further improving the medical and health service system."

The Opinions set qualitative targets for revamping China's public healthcare s...

sources

Gov.cn: 中共中央办公厅国务院办公厅印发《关于进一步完善医疗卫生服务体系的意见》

Gov.cn: 国家卫生健康委负责人就《关于进一步完善医疗卫生服务体系的意见》答记者问

March 24, 2023

Winning friends

On Thursday, Guizhou Party Secretary Xu Lin stopped by Tencent’s headquarters in Shenzhen during his study trip to Guangdong province. That’s notable: Xu is the most senior official to visit Tencent since the tech crackdown. Xu’s agenda has not been made public. But he could be talking about dat…

On Thursday, Guizhou Party Secretary Xu Lin stopped by Tencent’s headquarters in Shenzhen during his study trip to Guangdong province.
That's notable: Xu is the most senior official to visit Tencent since the tech crackdown.
Xu’s agenda has not been made public.

But he could be talking about dat...

sources

NBD: 最新！贵州省委书记、省长带团走进腾讯总部

March 24, 2023

EV-peasy

Local governments are stepping in to boost consumption of electric vehicles (EVs). The latest: On Wednesday, SCMP reported that Beijing and Xi’an (capital of Shaanxi province) were the latest to offer buyers cash subsidies. That brings the tally to 14 cities and provinces this year. The deets: …

Local governments are stepping in to boost consumption of electric vehicles (EVs).
The latest: On Wednesday, SCMP reported that Beijing and Xi'an (capital of Shaanxi province) were the latest to offer buyers cash subsidies.

That brings the tally to 14 cities and provinces this year.

The deets:

...

sources

SCMP: Beijing and Xian are latest Chinese cities to offer cash subsidies on EV purchases, after price cuts by carmakers fail to drive up sales

March 24, 2023

The currency of friendship

Russian President Vladimir Putin wants to help the RMB become an international currency. On Tuesday, during Xi Jinping’s visit to Russia, Putin said he will encourage Russian firms to use RMB when transacting with other countries. “We support the use of Chinese yuan in payments between Russia and c…

Russian President Vladimir Putin wants to help the RMB become an international currency.
On Tuesday, during Xi Jinping’s visit to Russia, Putin said he will encourage Russian firms to use RMB when transacting with other countries.

"We support the use of Chinese yuan in payments between Russia and c...

sources

TASS: Russia supports yuan payments in trade with other countries — Putin

March 24, 2023

A budding techno-bromance

Putin and Xi want to work more closely on science and technology. That’s according to a joint statement by the two leaders released through China’s foreign ministry (MoFA) on Wednesday. Some context: The statement followed Xi’s three-day visit to Moscow this week. What caught our eye: The leaders …

Putin and Xi want to work more closely on science and technology.

That's according to a joint statement by the two leaders released through China's foreign ministry (MoFA) on Wednesday.

Some context: The statement followed Xi's three-day visit to Moscow this week.
What caught our eye: The leaders ...

sources

FMPRC: Joint Statement between the People's Republic of China and the Russian Federation on Deepening the Comprehensive Strategic Partnership of Coordination in the New Era

Kremlin: Russian-Chinese talks

March 24, 2023

Losing at the starting line

On Tuesday, Reuters reported that Nvidia – the world’s leading AI chip company – had dumbed-down its flagship H100 chips for its Chinese customers. The modified chips – H800 – will allow Nvidia to continue selling to China while complying with US export controls. Some context: Nvidia claims that…

On Tuesday, Reuters reported that Nvidia – the world’s leading AI chip company – had dumbed-down its flagship H100 chips for its Chinese customers.

The modified chips - H800 - will allow Nvidia to continue selling to China while complying with US export controls.

Some context: Nvidia claims that...

sources

Reuters: Nvidia tweaks flagship H100 chip for export to China as H800

March 24, 2023

US or them

On Tuesday, the US Commerce Department issued draft rules tightening restrictions on companies receiving funding under the CHIPS Act. Recap: The CHIPS Act, released in August 2022, includes a USD 52 billion subsidy package designed to re-shore US semiconductor manufacturing. But subsidy recipients…

On Tuesday, the US Commerce Department issued draft rules tightening restrictions on companies receiving funding under the CHIPS Act.
Recap: The CHIPS Act, released in August 2022, includes a USD 52 billion subsidy package designed to re-shore US semiconductor manufacturing.

But subsidy recipients...

sources

Caixin: 美国芯片法案细化限制条件受惠芯片企业在华扩产有上限

US Commerce Department: Commerce Department Outlines Proposed National Security Guardrails for CHIPS for America Incentives Program

WSJ: South Korea Says U.S. Chips Act Subsidies Have Too Many Requirements

March 24, 2023

Keeping the cross-border standards flowing

The procedures for exporting personal information from China continue to solidify. On Thursday, tech standards body TC260 released draft standards for personal information export security certifications. ICYDK: China’s Personal Information Protection Law (PIPL) provides several pathways to export …

The procedures for exporting personal information from China continue to solidify.
On Thursday, tech standards body TC260 released draft standards for personal information export security certifications.
ICYDK: China’s Personal Information Protection Law (PIPL) provides several pathways to export ...

sources

TC260: 关于国家标准《信息安全技术个人信息跨境传输认证要求》征求意见稿征求意见的通知

TC260: 网络安全标准实践指南—个人信息跨境处理活动安全认证规范

LexisNexis: 【个人信息】个人信息出境认证机制展望——以《个人信息跨境处理活动安全认证规范》为起点

March 24, 2023

Computing powers unite

In early March, state-affiliated tech think tank CAICT announced that China’s first computing power scheduling platform has launched in Beijing. Some context: China’s nascent National Unified Computing Power Network (NUCPN) aims to create a nationwide grid of interconnected data centers. The g…

In early March, state-affiliated tech think tank CAICT announced that China's first computing power scheduling platform has launched in Beijing.
Some context: China's nascent National Unified Computing Power Network (NUCPN) aims to create a nationwide grid of interconnected data centers.
The g...

sources

CAICT: 中国信通院牵头建设全国首个算力互联互通验证平台

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