string(13) "markets-macro"

Macro

March 22, 2023

How low can you go?

On Tuesday, Securities Daily reported that 35 cities nationwide have cut the minimum mortgage rate for first-time homebuyers to below 4%. Some context: In May 2022, the national minimum interest rate on mortages was set at 20 basis points below the five-year loan prime rate (LPR). That has put the … Username Password Remember Me… Read More »

On Tuesday, Securities Daily reported that 35 cities nationwide have cut the minimum mortgage rate for first-time homebuyers to below 4%.
Some context: In May 2022, the national minimum interest rate on mortages was set at 20 basis points below the five-year loan prime rate (LPR).

That has put the ...

sources

Securities Daily: 35个城市首套房贷款利率进入“3时代” 银行放款走“高速”

March 22, 2023

MoST bursts the bursary bubble

On Monday, China’s Ministry of Science and Technology (MoST) released new regulations on privately organized sci-tech awards. Some context: For the past few years, MoST has encouraged individuals, institutions, and businesses unaffiliated with the government to establish and fund sci-tech awards. M…

On Monday, China's Ministry of Science and Technology (MoST) released new regulations on privately organized sci-tech awards.
Some context: For the past few years, MoST has encouraged individuals, institutions, and businesses unaffiliated with the government to establish and fund sci-tech awards.

M...

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Ministry of Science and Technology: 《社会力量设立科学技术奖管理办法》政策解读问答

Ministry of Science and Technology: 科技部关于印发《社会力量设立科学技术奖管理办法》的通知

March 22, 2023

Addressing cyberbullying

Cyberbullying is still a big problem in China, according to recent comments from Li Changxi. Who’s that? Li is the director of the Rule of Law Bureau at China’s cybersecurity watchdog (CAC), so what he says matters. He was talking up the need to deal with the problem in a press conference last wee…

Cyberbullying is still a big problem in China, according to recent comments from Li Changxi.

Who's that? Li is the director of the Rule of Law Bureau at China’s cybersecurity watchdog (CAC), so what he says matters.
He was talking up the need to deal with the problem in a press conference last wee...

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Source: 现行法对治理网暴针对性不强国家网信办将推动完善立法

March 22, 2023

Hong Kong says yes to sci-tech

Hong Kong is looking to build up its sci-tech links with the mainland. Last Wednesday in Beijing, China’s Minister of Science and Technology (MoST) Wang Zhigang signed an agreement with Hong Kong Chief Executive John Lee Ka-chiu to strengthen scientific cooperation between the two areas. MoST pledg…

Hong Kong is looking to build up its sci-tech links with the mainland.
Last Wednesday in Beijing, China's Minister of Science and Technology (MoST) Wang Zhigang signed an agreement with Hong Kong Chief Executive John Lee Ka-chiu to strengthen scientific cooperation between the two areas.

MoST pledg...

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Ministry of Science and Technology: 科技部与香港特别行政区政府签署《内地与香港关于加快建设香港国际创新科技中心的安排》

People.cn: 习近平考察香港科学园

SCMP: Hong Kong gets China’s backing to join more national projects, pursue global talent after deal with country’s technology minister

Innovation and Technology Commission (HK): 內地與香港關於加快建設香港國際創新科技中心的安排 (主要內容)

March 22, 2023

Cyber governance with Chinese characteristics

The Chinese government has done the world a favor by figuring out how to properly govern the internet. That was the message from a massive white paper published last week, entitled “China’s Law-Based Cyberspace Governance in the New Era.” Some context: The paper was released by the State Council In…

The Chinese government has done the world a favor by figuring out how to properly govern the internet.
That was the message from a massive white paper published last week, entitled “China's Law-Based Cyberspace Governance in the New Era.”

Some context: The paper was released by the State Council In...

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China Daily: China's Law-Based Cyberspace Governance in the New Era

SCIO: 国新办举行《新时代的中国网络法治建设》白皮书发布会

March 21, 2023

Some limits, some forbidden areas

Xi Jinping arrived in Moscow on Monday for highly anticipated meetings with his Russian counterpart, Vladimir Putin. The timing is significant: As Xi’s first trip abroad since cementing an unprecedented third term as China’s President, this relationship is high on his priority list. Xi got to work …

Xi Jinping arrived in Moscow on Monday for highly anticipated meetings with his Russian counterpart, Vladimir Putin.
The timing is significant: As Xi's first trip abroad since cementing an unprecedented third term as China's President, this relationship is high on his priority list.
Xi got to work ...

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MoFA: 习近平在俄罗斯媒体发表署名文章

People's Daily: 俄罗斯和中国——面向未来的伙伴关系

March 21, 2023

KMT’s Ma to visit mainland

Ma Ying-jeou will become the first Taiwanese leader, current or former, to visit the mainland since 1949, when the Kuomintang (KMT) government fled to the island after losing the civil war. On Sunday, former president Ma, 72, announced he will visit China from March 27 to April 7. The agenda looks h…

Ma Ying-jeou will become the first Taiwanese leader, current or former, to visit the mainland since 1949, when the Kuomintang (KMT) government fled to the island after losing the civil war.
On Sunday, former president Ma, 72, announced he will visit China from March 27 to April 7.
The agenda looks h...

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CNN: Former Taiwan President Ma Ying-jeou to make historic visit to mainland China

Caixin: 马英九将回湖南湘潭祭祖偕学子遍访南京武汉长沙重庆上海多地

Reuters: Former Taiwan president Ma open to meeting leaders on landmark China trip

March 21, 2023

Guangdong gears up for business

Economic powerhouse province Guangdong is heeding the central government’s calls to boost foreign investment, support the private sector, and improve the business environment. On Monday, the provincial government released a slew of policy documents aiming to (Guangdong Gov 1, 2, 3): Attract new inv…

Economic powerhouse province Guangdong is heeding the central government's calls to boost foreign investment, support the private sector, and improve the business environment.
On Monday, the provincial government released a slew of policy documents aiming to (Guangdong Gov 1, 2, 3):

Attract new inv...

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Guangdong Gov: 广东省人民政府办公厅关于印发广东省推进招商引资高质量发展若干政策措施的通知

Guangdong Gov: 广东省人民政府办公厅关于印发广东省进一步加大力度支持民间投资发展实施方案的通知

Guangdong Gov: 广东省人民政府办公厅关于印发广东省进一步强化市场主体诉求响应服务工作方案的通知

March 21, 2023

The Party gets social

The plan to reorganize China’s Party-state apparatus, which the Central Committee and State Council released on March 16, includes a powerful new department meant to increase Party contact with (and control over) the people and businesses. The Central Social Work Department (CSWD) revives a name las…

The plan to reorganize China's Party-state apparatus, which the Central Committee and State Council released on March 16, includes a powerful new department meant to increase Party contact with (and control over) the people and businesses.
The Central Social Work Department (CSWD) revives a name las...

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Xinhua: 中共中央国务院印发《党和国家机构改革方案》

March 21, 2023

Meet Xi Jinping’s new chief of staff

Cai Qi, China’s fifth highest-ranking leader, now also serves as director of the Party Central Committee’s General Office, equivalent to Xi Jinping’s chief of staff. The evidence: On Monday, Xinhua named Cai in that position in a report that listed the officials accompanying Xi to Moscow. We saw th…

Cai Qi, China's fifth highest-ranking leader, now also serves as director of the Party Central Committee's General Office, equivalent to Xi Jinping’s chief of staff.
The evidence: On Monday, Xinhua named Cai in that position in a report that listed the officials accompanying Xi to Moscow.

We saw th...

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Xinhua: 习近平对俄罗斯联邦进行国事访问

March 21, 2023

Not there yet

On Friday, Xu Qiyuan – a researcher at the government-affiliated Chinese Academy of Social Sciences – published a piece on rising local government debt and the policy options to deal with it. Three points Xu discussed caught our attention (Sina). First, local government debt risk is a liquidity – no…

On Friday, Xu Qiyuan – a researcher at the government-affiliated Chinese Academy of Social Sciences – published a piece on rising local government debt and the policy options to deal with it.
Three points Xu discussed caught our attention (Sina).
First, local government debt risk is a liquidity – no...

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Sina: 徐奇渊：准确认识财政领域的四大问题

March 21, 2023

Market like a steel trap

China’s steel exports are growing, outcompeting international steelmakers in quantity and price. Data from SteelOrbis shows steel exports throughout January and February were up 49% y/y. International steel supplies remain tight, driving up the price, while China’s domestic production is reboundin…

China's steel exports are growing, outcompeting international steelmakers in quantity and price.

Data from SteelOrbis shows steel exports throughout January and February were up 49% y/y.

International steel supplies remain tight, driving up the price, while China's domestic production is reboundin...

sources

Caixin: 国内外钢材价差扩大刺激中国钢材出口

SteelOrbis: China's finished steel exports increase by 49 percent Jan-Feb

Sohu: 1-2月份我国钢产量16870万吨，同比增长5.6%

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