string(13) "markets-macro"

Macro

March 23, 2023

Friends with benefits or friends with consequences?

On Monday, China’s ambassador to the Netherlands, Tan Jian, warned of “consequences” if Dutch officials follow the US line on semiconductor export controls. Background: For several months, Dutch officials have resisted US overtures to tighten semiconductor equipment export controls, afraid of harmin… Username Password Remember Me Forgot Password

On Monday, China's ambassador to the Netherlands, Tan Jian, warned of "consequences" if Dutch officials follow the US line on semiconductor export controls.
Background: For several months, Dutch officials have resisted US overtures to tighten semiconductor equipment export controls, afraid of harmin...

sources

fd: China waarschuwt Nederlands kabinet na ASML-boycot

SCMP: Beijing envoy warns Dutch of retaliation for chip curbs: ‘China won’t just swallow this’

March 23, 2023

Chip collaboration

Teamwork makes the dream work. That’s the message Beijing is sending to its chip giants. Beijing is fostering closer cooperation among chip giants and empowering them to direct the country’s chip development collectively, according to a Financial Times report published on Tuesday. Some con…

Teamwork makes the dream work.

That's the message Beijing is sending to its chip giants.

Beijing is fostering closer cooperation among chip giants and empowering them to direct the country’s chip development collectively, according to a Financial Times report published on Tuesday.
Some con...

sources

FT: China gives chipmakers new powers to guide industry recovery

March 23, 2023

More data disruptions

Chinese academic publisher CNKI has been informing institutional journal subscribers that their access will soon shrink. That’s the word on the street among China-focused academics. Why? Data security. According to the buzz, CNKI will start “data cross-border transfer assessments” on April 1, duri…

Chinese academic publisher CNKI has been informing institutional journal subscribers that their access will soon shrink.

That’s the word on the street among China-focused academics.

Why? Data security.
According to the buzz, CNKI will start “data cross-border transfer assessments” on April 1, duri...

sources

Twitter: Research libraries all over the US (beyond?) are receiving these notices.

March 23, 2023

Is Pinduoduo brazen malware?

Shopping app Pinduoduo could be in trouble. On Tuesday, CNN reported that Google has suspended the Pinduoduo app from its Play Store. The reason: Older versions of the Pinduoduo app available outside the Play Store contain malware. Google has suspended the Pinduoduo Play Store app while they invest…

Shopping app Pinduoduo could be in trouble.
On Tuesday, CNN reported that Google has suspended the Pinduoduo app from its Play Store.
The reason: Older versions of the Pinduoduo app available outside the Play Store contain malware.

Google has suspended the Pinduoduo Play Store app while they invest...

sources

CNN: Google suspends Chinese shopping app Pinduoduo over malware

Github: 对拼多多app利用0day漏洞控制用户手机及窃取数据的分析，含分析指引

科技最前线: 被曝利用漏洞攻击用户手机，你帮他砍一刀，它把你看精光

深蓝: 「深蓝洞察」2022 年度最“不可赦”漏洞

Android Performance: 当 App 有了系统权限，真的可以为所欲为？

March 23, 2023

Feng Fei is the Party’s man in paradise

Nice work if you can get it. On March 14, Feng Fei, 60, was appointed Party secretary of Hainan, south China’s tropical island province, where’s he served as governor for two years. He takes over from Shen Xiaoming, who moves to become Hunan Party secretary. A little about Feng: This Jiangxi nati…

Nice work if you can get it.
On March 14, Feng Fei, 60, was appointed Party secretary of Hainan, south China's tropical island province, where's he served as governor for two years.

He takes over from Shen Xiaoming, who moves to become Hunan Party secretary.

A little about Feng:

This Jiangxi nati...

sources

21st Century Biz: 冯飞出任海南省委书记多次强调以自贸港建设引领海南高质量发展

March 22, 2023

From Russia with love

Beijing and Moscow are deepening their alignment across a host of issues, with a focus on growing economic ties. That’s the spirit of two joint statements signed on Tuesday during Xi Jinping’s three-day Russia visit. As expected, the docs offered nothing new on Ukraine while promising to boost bil…

Beijing and Moscow are deepening their alignment across a host of issues, with a focus on growing economic ties.

That’s the spirit of two joint statements signed on Tuesday during Xi Jinping’s three-day Russia visit.

As expected, the docs offered nothing new on Ukraine while promising to boost bil...

sources

MoFA: 中华人民共和国和俄罗斯联邦关于深化新时代全面战略协作伙伴关系的联合声明

MoFA: 中华人民共和国主席和俄罗斯联邦总统关于2030年前中俄经济合作重点方向发展规划的联合声明

Kommersant: Key statements by Vladimir Putin and Xi Jinping following talks in the Kremlin

March 22, 2023

Whenever you’re ready

After two days of Moscow meetings between Xi Jinping and Russian President Vladimir Putin, we finally got some juicy details. On Tuesday, the pair inked two lengthy joint statements outlining the next phase of the Sino-Russian diplomatic and trade relationship. The big question hanging over Xi’s t…

After two days of Moscow meetings between Xi Jinping and Russian President Vladimir Putin, we finally got some juicy details.

On Tuesday, the pair inked two lengthy joint statements outlining the next phase of the Sino-Russian diplomatic and trade relationship.

The big question hanging over Xi's t...

sources

MoFA: 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

Bloomberg: After Talks With Xi, Putin Hails China’s Proposals for Ukraine

March 22, 2023

The Party tightens its grip on Hong Kong

Beijing’s top office on Hong Kong is changing its name. According to the Party-state restructuring plan, released on March 16, the Party is revamping the body that oversees Hong Kong and Macao affairs (Xinhua). The new Hong Kong and Macao Work Office (HKMWO) of the Party Central Committee will be f…

The new Hong Kong and Macao Work Office (HKMWO) of the Party Central Committee will be f...

sources

People's Daily: 中共中央国务院印发《党和国家机构改革方案》

Xinhua: China releases plan on reforming Party and state institutions

China Daily: HKSAR, Macao SAR chief executives support formation of Hong Kong and Macao work office of CPC Central Committee

March 22, 2023

Shifting winds

The winds are shifting quickly when it comes to China’s big platform companies – with regulators and policy advisors becoming more friendly and supportive, after years of tightening oversight. The latest: Last Tuesday, in a lecture sponsored by the Ministry of Industry and Information Technology, e…

The winds are shifting quickly when it comes to China's big platform companies – with regulators and policy advisors becoming more friendly and supportive, after years of tightening oversight.

The latest: Last Tuesday, in a lecture sponsored by the Ministry of Industry and Information Technology, e...

sources

China Society of Economic Reform (CSER): 彭森：发展平台经济要处理好三方面的关系

March 22, 2023

Letting the Vanguard down

The world’s second largest asset manager is ditching China. On Monday, Bloomberg reported that Vanguard is prepping to shut down its Shanghai subsidiary. The company will also wind up its robo-advisory joint venture with Ant Financial. Some context: It’s been an up-and-down (mostly down) few years…

The world’s second largest asset manager is ditching China.
On Monday, Bloomberg reported that Vanguard is prepping to shut down its Shanghai subsidiary.

The company will also wind up its robo-advisory joint venture with Ant Financial.

Some context: It’s been an up-and-down (mostly down) few years...

sources

Bloomberg: Vanguard Said to Shutter Business in China, Exit Ant Venture

CSRC: 关于核准上投摩根基金管理有限公司变更股东、实际控制人的批复

CSRC: 关于核准设立渣打证券（中国）有限公司的批复

CSRC: 关于核准设立施罗德基金管理（中国）有限公司的批复

March 22, 2023

Aussie Aussie Aussie! Coal coal coal!

China has restarted importing Australian coal. On Monday, China’s customs administration reported that China imported 207,236 metric tons of coal from Australia in February – up from zero in January. That’s a 20.6% increase y/y. Some context: On March 14, industry sources told Bloomberg that Beiji…

China has restarted importing Australian coal.
On Monday, China's customs administration reported that China imported 207,236 metric tons of coal from Australia in February – up from zero in January.

That's a 20.6% increase y/y.

Some context: On March 14, industry sources told Bloomberg that Beiji...

sources

Caixin: 中国放开澳煤进口 2月澳煤进口量同比增两成

Reuters: China's Jan-Feb coal imports from Russia rise, Australia supply resumes

Bloomberg: Australian Coal Finally Lands in Oversupplied Chinese Market

March 22, 2023

Other people’s problems

The global economy’s in a mess, bruh. We’re paraphrasing, but that was the message from Xia Xiande, vice finance minister, in comments made Saturday. Speaking at an asset management conference, Xia warned that challenges facing the global economy go beyond weak demand, high inflation, and supply sho…

The global economy’s in a mess, bruh.
We’re paraphrasing, but that was the message from Xia Xiande, vice finance minister, in comments made Saturday.
Speaking at an asset management conference, Xia warned that challenges facing the global economy go beyond weak demand, high inflation, and supply sho...

sources

The Paper: 财政部副部长：全球高利率环境还将持续，各国需防范金融风险水落石出

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