string(13) "markets-macro"

Macro

February 27, 2025

Top think tank report says USD/CNY unlikely to break 7.5

China’s leading social sciences think tank (CASS) sees little chance of the yuan weakening beyond 7.5 against the dollar. In a macro-financial report released on Tuesday, CASS scholars argued that China’s anticipated “steady economic recovery” will bolster the yuan and help it resist depreciation pr… Username Password Remember Me Forgot Password

China’s leading social sciences think tank (CASS) sees little chance of the yuan weakening beyond 7.5 against the dollar.
In a macro-financial report released on Tuesday, CASS scholars argued that China’s anticipated "steady economic recovery" will bolster the yuan and help it resist depreciation pr...

sources

Yicai: 社科院金融所：人民币跌破7.5概率低，建议进一步健全汇率弹性机制

February 27, 2025

Shenzhen to boost AI infrastructure spending in 2025

It’s not just private and state-owned companies pushing to up AI spending, it’s also local governments. On Tuesday, Shenzhen Mayor Qin Weizhong delivered the government work report for 2025, outlining some of the city’s investment plans. The headline: Shenzhen will invest RMB 160 billion in “new-t…

It's not just private and state-owned companies pushing to up AI spending, it's also local governments.
On Tuesday, Shenzhen Mayor Qin Weizhong delivered the government work report for 2025, outlining some of the city's investment plans.
The headline: Shenzhen will invest RMB 160 billion in “new-t...

sources

Cailianshe: 深圳：2025年将完成基础设施投资2300亿元

SCMP: China’s Shenzhen lays down marker for tech investment with US$22 billion pledge

February 27, 2025

Baidu’s zombie acquisition of YY is back from the dead

Baidu has a little jingle in its pocket. On Tuesday, domestic media announced that Baidu has finalized its acquisition of livestreaming platform YY Live. Why that’s notable: In 2020, Baidu kicked off efforts to acquire YY Live for an initial asking price of USD 3.6 billion. But the deal collapsed …

Baidu has a little jingle in its pocket.
On Tuesday, domestic media announced that Baidu has finalized its acquisition of livestreaming platform YY Live.
Why that's notable: In 2020, Baidu kicked off efforts to acquire YY Live for an initial asking price of USD 3.6 billion. But the deal collapsed ...

sources

Yicai: 百度YY收购案五年拉锯终落定：超110亿资金回笼布局AI

February 26, 2025

State media commentary promotes discounted property management fees for empty homes

Around a dozen cities have announced policies to cut property management fees for vacant apartments by up to 50% (Yicai). These policies should be expanded nationally, according to a Tuesday commentary in the state-affiliated Securities Times. Some context: In China, rental yields are often so low t…

Around a dozen cities have announced policies to cut property management fees for vacant apartments by up to 50% (Yicai).
These policies should be expanded nationally, according to a Tuesday commentary in the state-affiliated Securities Times.
Some context: In China, rental yields are often so low t...

sources

Securities Times: 【楼市观察】空置房物业费打折值得全面推广

Yicai: 物管费不是只涨不跌，更有多城宣布空置房可以少缴费

February 26, 2025

Beijing ready to intervene in imports to maintain domestic ag prices

Beijing will intervene to limit agricultural imports if necessary to stabilize domestic farm prices. That was the message from Zhu Weidong, deputy director of the Party’s Office of the Central Leading Group for Rural Work, speaking at a Monday presser on the 2025 No. 1 Document, which was released o…

Beijing will intervene to limit agricultural imports if necessary to stabilize domestic farm prices.
That was the message from Zhu Weidong, deputy director of the Party's Office of the Central Leading Group for Rural Work, speaking at a Monday presser on the 2025 No. 1 Document, which was released o...

sources

Gov.cn: 国务院新闻办就进一步深化农村改革，扎实推进乡村全面振兴有关情况举行发布会

Yicai: 农研中心王慧敏：要把农产品贸易调控纳入国家粮食安全治理体系

Gov.cn: 中共中央国务院关于进一步深化农村改革扎实推进乡村全面振兴的意见

February 26, 2025

MEE pushes to hit air pollution target

The Ministry of Ecology and Environment (MEE) is desperate to hit its air pollution target. Some context: The 14th Five-Year Plan (FYP) aims to “basically eliminate” heavy pollution days, meaning severely polluted days should not exceed 1% of total days. At a Monday presser, the MEE noted they are c…

The Ministry of Ecology and Environment (MEE) is desperate to hit its air pollution target.
Some context: The 14th Five-Year Plan (FYP) aims to “basically eliminate” heavy pollution days, meaning severely polluted days should not exceed 1% of total days.
At a Monday presser, the MEE noted they are c...

sources

MEE: 2月例行新闻发布会最新情况通报

CCTV: 生态环境部：力争2025年基本消除重污染天气

February 26, 2025

Policymakers update playbook to deal with public emergencies

On Tuesday, the Party Central Committee and State Council jointly released an updated National Emergency Response Plan for Public Emergencies. The new plan supersedes the 2005 version. Responsibility for overseeing a national emergency response has shifted from the state toward the Party: The pre…

On Tuesday, the Party Central Committee and State Council jointly released an updated National Emergency Response Plan for Public Emergencies.

The new plan supersedes the 2005 version.

Responsibility for overseeing a national emergency response has shifted from the state toward the Party:

The pre...

sources

Xinhua: 受权发布丨中共中央国务院印发《国家突发事件总体应急预案》

February 26, 2025

Premier pushes state-owned telcos to ramp up AI capex

Premier Li Qiang wants more AI infrastructure. On Tuesday, Li visited China’s three state-owned telecom giants – China Telecom, China Mobile, and China Unicom. Li’s message: Build more AI compute infrastructure. ICYDK: In recent years, China’s state telecom giants have become major cloud…

Premier Li Qiang wants more AI infrastructure.
On Tuesday, Li visited China’s three state-owned telecom giants – China Telecom, China Mobile, and China Unicom.
Li's message: Build more AI compute infrastructure.
ICYDK: In recent years, China's state telecom giants have become major cloud...

sources

People.cn: 李强在中国电信中国联通中国移动所属企业调研时强调加力推进前沿新兴领域科技创新更好培育新质生产力推动高质量发展

IDC: IDC：AI助力2024上半年中国公有云市场回暖

February 26, 2025

MoST publishes anti-corruption recommendations

In October 2023, we told you that the Central Committee had launched an investigation into improper – ahem – “political alignment” at the Ministry of Science and Technology (MoST) Party Group. The implication of the probe was that top leadership believed corruption and excessive bureaucracy at MoST…

In October 2023, we told you that the Central Committee had launched an investigation into improper – ahem – "political alignment" at the Ministry of Science and Technology (MoST) Party Group.

The implication of the probe was that top leadership believed corruption and excessive bureaucracy at MoST...

sources

Ministry of Science and Technology: 中共科学技术部党组关于二十届中央第二轮巡视整改进展情况的通报

February 25, 2025

Tesla rolls out modified self driving feature for China market

Yesterday, Chinese media reported that Tesla’s Full Self Driving (FSD) feature is finally hitting Chinese streets. Or rather, a product similar to FSD is being allowed on some Chinese streets. Some context: Chinese Tesla owners have been waiting for years for FSD, but Tesla still hasn’t gotten reg…

Yesterday, Chinese media reported that Tesla’s Full Self Driving (FSD) feature is finally hitting Chinese streets.

Or rather, a product similar to FSD is being allowed on some Chinese streets.

Some context: Chinese Tesla owners have been waiting for years for FSD, but Tesla still hasn't gotten reg...

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LatePost: 特斯拉中国推进 FSD 落地，总部团队空降协助优化

February 25, 2025

Alibaba bets big on AI

Alibaba is all in on AI. On Monday, the owner of China’s largest hyperscaler said it will spend more than RMB 380 billion (or USD 54 billion) in AI infrastructure from 2025-2027. Some context: This move was telegraphed during Alibaba’s Q4 earnings call last week, when executives st…

Alibaba is all in on AI.
On Monday, the owner of China’s largest hyperscaler said it will spend more than RMB 380 billion (or USD 54 billion) in AI infrastructure from 2025-2027.
Some context: This move was telegraphed during Alibaba’s Q4 earnings call last week, when executives st...

sources

Caixin: 阿里宣布三年内投3800亿建云和AI基础设施过去十年总资本开支为3760亿元

February 25, 2025

Guangdong issues SPBs earmarked for state-funded land acquisition

Guangdong is set to become the first province to issue special-purpose bonds (SPB) to fund land acquisitions under a finance ministry program unveiled in October. On Sunday, the Guangdong government announced plans to issue two batches of SPBs to fund government buybacks of idle land held by develop…

Guangdong is set to become the first province to issue special-purpose bonds (SPB) to fund land acquisitions under a finance ministry program unveiled in October.
On Sunday, the Guangdong government announced plans to issue two batches of SPBs to fund government buybacks of idle land held by develop...

sources

Cailianshe: 今年全国首例！广东发行307亿专项债用于回收闲置存量土地

The Paper: 土储专项债重启！广东省拟发行307亿元土储专项债，回收19市86个项目

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