string(13) "markets-macro"

Macro

March 24, 2023

Bite patrol

Beijing aims to improve food safety by tightening quality control on…food safety inspectors. On Wednesday, the State Council dished out an updated set of work performance evaluation measures to grade local governments on food safety. They replace the 2016 version. The biggest change: These revis… Username Password Remember Me Forgot Password

Beijing aims to improve food safety by tightening quality control on...food safety inspectors.
On Wednesday, the State Council dished out an updated set of work performance evaluation measures to grade local governments on food safety.

They replace the 2016 version.

The biggest change: These revis...

sources

Gov.cn: 国务院办公厅关于印发食品安全工作评议考核办法的通知 (2023)

NHC: 国务院办公厅关于印发食品安全工作评议考核办法的通知 (2016)

March 23, 2023

Beijing’s shrinking population

China’s capital has experienced a net population decline for the first time since 2003. On Tuesday, statistics authorities released population data collected in 2022. The big news: In 2022, Beijing’s death rate among permanent residents (5.72 per 1,000 people) exceeded the birth rate (5.67 per 1,000…

China's capital has experienced a net population decline for the first time since 2003.
On Tuesday, statistics authorities released population data collected in 2022.
The big news: In 2022, Beijing's death rate among permanent residents (5.72 per 1,000 people) exceeded the birth rate (5.67 per 1,000...

sources

The Paper: 21省份去年人口数据出炉：14省份常住人口正增长

Reuters: China capital Beijing experiences first population decline since 2003

Beijing Municipal Government: 北京市2022年国民经济和社会发展统计公报

March 23, 2023

Absolute loyalty

On Tuesday, the Party’s anti-corruption czar Li Xi concluded a three-day tour of central Hubei province. His team chose well. In the capital, Wuhan, Li spurned the obvious tourists sights in favor of three venerated Party sites commemorating events from 1927, the start of the Chinese Civil War. Bar…

On Tuesday, the Party's anti-corruption czar Li Xi concluded a three-day tour of central Hubei province.
His team chose well. In the capital, Wuhan, Li spurned the obvious tourists sights in favor of three venerated Party sites commemorating events from 1927, the start of the Chinese Civil War.

Bar...

sources

Xinhua: 李希在湖北调研时强调深入贯彻党的二十大精神以对党绝对忠诚担负起职责使命

March 23, 2023

Who’s who in Hunan

Premier Li Qiang toured several of Hunan province’s top manufacturers on Tuesday and Wednesday. He also summoned big hitters from across the country for a symposium on developing the manufacturing sector. Who got the call? Lei Jun, billionaire boss of consumer electronics giant Xiaomi, and Li Xiting…

Premier Li Qiang toured several of Hunan province's top manufacturers on Tuesday and Wednesday. He also summoned big hitters from across the country for a symposium on developing the manufacturing sector.
Who got the call? Lei Jun, billionaire boss of consumer electronics giant Xiaomi, and Li Xiting...

sources

Gov.cn: 李强在湖南调研并主持召开先进制造业发展座谈会

CCTV: [视频]李强在湖南调研

March 23, 2023

A whole new world (order)

Beijing wants to be a global leader in a multipolar world order. That was the takeaway from a speech by Foreign Minister Qin Gang marking Xi Jinping’s return from his visit to Russia, published late Wednesday. Qin said the trip (MoFA): “Demonstrated China’s intention and impact as a major power…[…

Beijing wants to be a global leader in a multipolar world order.
That was the takeaway from a speech by Foreign Minister Qin Gang marking Xi Jinping's return from his visit to Russia, published late Wednesday.
Qin said the trip (MoFA):

"Demonstrated China's intention and impact as a major power...[...

sources

MoFA: 一次世界瞩目的友谊、合作、和平之旅

March 23, 2023

HoLi prices falling off a cliff, Batman!

Lithium carbonate prices are dropping – fast. As of March 22, industry media report domestic prices at just RMB 290,000/metric ton. That’s down 42% y/y, and 52% from their all-time high of RMB 600,000/metric ton in November. ICYDK: Lithium carbonate is Chinese battery makers’ primary source of bat…

Lithium carbonate prices are dropping – fast.
As of March 22, industry media report domestic prices at just RMB 290,000/metric ton.

That's down 42% y/y, and 52% from their all-time high of RMB 600,000/metric ton in November.

ICYDK: Lithium carbonate is Chinese battery makers' primary source of bat...

sources

Caixin: 国内锂价跌破每吨30万元四个月内“腰斩”

March 23, 2023

Just REIT it

China has major ambitions for developing affordable rental housing (ARH) – but given the sector’s low margins, securing investment remains a key concern. On Wednesday, Sun Zhishan, a deputy director within the Shanghai Stock Exchange’s bond department, laid out one key potential funding source. Sun’…

China has major ambitions for developing affordable rental housing (ARH) – but given the sector’s low margins, securing investment remains a key concern.
On Wednesday, Sun Zhishan, a deputy director within the Shanghai Stock Exchange’s bond department, laid out one key potential funding source.
Sun’...

sources

The Paper: 上交所：加快打造REITs市场保障性租赁住房板块

March 23, 2023

To industry, nothing is impossible

New Premier Li Qiang has wasted no time displaying his pro-business credentials. On Tuesday, Li began a two-day visit to Hunan to inspect the province’s advanced manufacturing industry. Some context: Hunan has ranked among China’s fastest-growing provinces in recent years, thanks to expansion in hig…

New Premier Li Qiang has wasted no time displaying his pro-business credentials.
On Tuesday, Li began a two-day visit to Hunan to inspect the province's advanced manufacturing industry.
Some context: Hunan has ranked among China's fastest-growing provinces in recent years, thanks to expansion in hig...

sources

The Paper: 李强在湖南调研

March 23, 2023

Flash Talk | Financial policy in the wake of the Two Sessions

China’s financial regulatory apparatus is in for a major shakeup following this year’s Two Sessions. Join Trivium Co-founder Andrew Polk, Head of China Markets Research Dinny McMahon, and Finance Practice Head Taylor Loeb for a discussion of where things are headed for China’s all-important financia…

China's financial regulatory apparatus is in for a major shakeup following this year's Two Sessions. Join Trivium Co-founder Andrew Polk, Head of China Markets Research Dinny McMahon, and Finance Practice Head Taylor Loeb for a discussion of where things are headed for China's all-important financia...

March 23, 2023

Flash Talk | China Politics Update: Xi Jinping takes more control and sends Russia some love

In this inaugural iteration of our new biweekly Trivium China Politics Wrap, Trivium partners and co-founders Ether Yin and Trey McArver discuss the recently unveiled Party restructuring plan and Xi Jinping’s recent trip to Moscow. Some questions the gents covered: Does the Party restructuring plan…

Does the Party restructuring plan...

March 23, 2023

Better than nothing

Evergrande has finally – finally! – rolled out its offshore debt restructuring plan. Evergrande dropped the plan on Wednesday, setting out the terms under which offshore creditors can expect to be repaid USD 22.7 billion. Evergrande aims to finalize terms with bondholders before April. It will full…

Evergrande has finally – finally! – rolled out its offshore debt restructuring plan.
Evergrande dropped the plan on Wednesday, setting out the terms under which offshore creditors can expect to be repaid USD 22.7 billion.

Evergrande aims to finalize terms with bondholders before April.
It will full...

sources

Reuters: China Evergrande offers bond and equity swaps in debt restructuring

March 23, 2023

The high cost of low rates

Low interest rates are causing headaches for China’s life insurers. On Wednesday, Yicai reported that the banking and insurance regulator (CBIRC) has called a meeting of China’s biggest life insurance companies to discuss whether they can deliver promised returns. Some context: Chinese interest rate…

Low interest rates are causing headaches for China’s life insurers.
On Wednesday, Yicai reported that the banking and insurance regulator (CBIRC) has called a meeting of China’s biggest life insurance companies to discuss whether they can deliver promised returns.
Some context: Chinese interest rate...

sources

Yicai: 关注行业利差损风险，监管喊了20多家寿险公司开会

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