string(13) "markets-macro"

Macro

March 14, 2023

Pressure to perform

On Monday, the Paper reported that Baosteel – a subsidiary of China Baowu Steel Group – became the first Chinese steelmaker to commercialize 1000 MPa-grade ultra-high-strength steels for use in hydropower projects. Some context: With many of the best hydropower development sites already utilized, th… Username Password Remember Me Forgot Password

On Monday, the Paper reported that Baosteel – a subsidiary of China Baowu Steel Group – became the first Chinese steelmaker to commercialize 1000 MPa-grade ultra-high-strength steels for use in hydropower projects.
Some context: With many of the best hydropower development sites already utilized, th...

sources

The Paper: 我国西部大型水电工程提出材料难题，宝钢6年突破“卡脖子”

March 14, 2023

Now He takes over

Meet China’s next econ czar. On Sunday, He Lifeng was officially appointed as vice premier. It’s widely expected that he will take over the economic and finance portfolio from Liu He. Here are three key things to know about He. First, he is considered one of Xi Jinping’s closest associates. He ha…

Meet China's next econ czar.
On Sunday, He Lifeng was officially appointed as vice premier.

It’s widely expected that he will take over the economic and finance portfolio from Liu He.

Here are three key things to know about He.
First, he is considered one of Xi Jinping's closest associates.

He ha...

sources

Gov.cn: 快讯：大会经投票表决，决定丁薛祥、何立峰、张国清、刘国中为国务院副总理

March 14, 2023

It’s a hard rock life

China’s efforts to achieve self-reliance have spread to the mining sector. On Sunday, China’s minister of natural resources, Wang Guanghua, promised that China will boost efforts to attract capital for minerals exploration and development. Some context: We’ve seen clear signals over the past few mon…

China's efforts to achieve self-reliance have spread to the mining sector.
On Sunday, China's minister of natural resources, Wang Guanghua, promised that China will boost efforts to attract capital for minerals exploration and development.
Some context: We've seen clear signals over the past few mon...

sources

Caixin: 能源内参｜自然资源部部长：将完善吸引社会资本投入矿产勘探开发政策；盐湖股份2022年净利156亿元同比增近250%

March 14, 2023

One does not simply “break” a data monopoly

Breaking “data monopolies” is easier said than done. That is the message of a fascinating piece from the internet regulator’s (CAC) print-only magazine doing the rounds online yesterday. Some context: Big tech’s data dominance is not a new concern. Regulators have tried and failed for years to ge…

Breaking “data monopolies” is easier said than done.

That is the message of a fascinating piece from the internet regulator’s (CAC) print-only magazine doing the rounds online yesterday.

Some context: Big tech's data dominance is not a new concern.

Regulators have tried and failed for years to ge...

sources

CAC: 王晓晔：以市场化方式促进数据交易和共享

March 14, 2023

Dream Home Makeover, China edition

Encouraging households to splurge on home renovations might be the key to boosting consumption. This was the recommendation Liu Yuanchun, a trusted economic advisor to Xi Jinping, made on Friday. In an interview with NBD, Liu – who is also the president of the Shanghai University of Finance and…

Encouraging households to splurge on home renovations might be the key to boosting consumption.
This was the recommendation Liu Yuanchun, a trusted economic advisor to Xi Jinping, made on Friday.
In an interview with NBD, Liu – who is also the president of the Shanghai University of Finance and...

sources

NBD: 每经专访上海财大校长刘元春：地方不宜在刺激单一产品消费上过度发力，可对家装等消费适度补贴

March 14, 2023

Not going Dutch?

On Friday, the Financial Times (FT) reported that the Netherlands is considering adding maintenance of advanced semiconductor manufacturing equipment to export restrictions against China. ICYMI: Last week, Dutch trade minister Liesje Schreinemacher announced that the Netherlands is developing new ex…

On Friday, the Financial Times (FT) reported that the Netherlands is considering adding maintenance of advanced semiconductor manufacturing equipment to export restrictions against China.
ICYMI: Last week, Dutch trade minister Liesje Schreinemacher announced that the Netherlands is developing new ex...

sources

FT: Netherlands puts servicing of chipmaking tools in China under review

Bloomberg: New Dutch Curbs on China Sales Target Three ASML Chip Machines

March 14, 2023

Li Qiang plays “Let’s Make a Deal”

On Monday, China’s newly appointed Premier, Li Qiang, gave his first introductory press conference since taking over for his predecessor, Li Keqiang, on Saturday. Li’s message: China will fight for international economic cooperation – and against US-China decoupling – under his watch. A little about…

On Monday, China’s newly appointed Premier, Li Qiang, gave his first introductory press conference since taking over for his predecessor, Li Keqiang, on Saturday.
Li's message: China will fight for international economic cooperation - and against US-China decoupling - under his watch.
A little about...

sources

Gov.cn: 国务院总理李强回答中外记者提问

FT: From wooing Tesla to Xi’s right-hand man: Li Qiang’s road to China’s premiership

March 14, 2023

The Big Fund’s big boss

The anti-corruption probe into the Big Fund appears to be wrapping up. On Friday, Caixin reported that Zhang Xin, an official from China’s industrial regulator (MIIT), will replace the Big Fund’s previous boss Ding Wenwu. Zhang is a bureau-level MIIT official in charge of formulating strategic in…

The anti-corruption probe into the Big Fund appears to be wrapping up.
On Friday, Caixin reported that Zhang Xin, an official from China's industrial regulator (MIIT), will replace the Big Fund’s previous boss Ding Wenwu.

Zhang is a bureau-level MIIT official in charge of formulating strategic in...

sources

Caixin: 丁文武被查后张新补位芯片大基金总经理

Sohu: 工信部、国资委领导赴顺义区调研指导第三代半导体产业发展

March 13, 2023

A private conversation with Premier Li

New Premier Li Qiang wants to boost private sector confidence. In his inaugural press conference as premier, Li was at pains to remind the audience of his private sector bona fides: “I worked for a long time in localities with a strong private economy, and I have had opportunities to talk with loca…

New Premier Li Qiang wants to boost private sector confidence.
In his inaugural press conference as premier, Li was at pains to remind the audience of his private sector bona fides:

"I worked for a long time in localities with a strong private economy, and I have had opportunities to talk with loca...

sources

Gov.cn: 国务院总理李强回答中外记者提问

March 13, 2023

Man on a mission

Xi Jinping closed the Two Sessions with a renewed call to rejuvenate the country. On Monday, Xi Jinping kicked off his third term as President with remarks at the final meeting of the legislature’s annual session. Xi kept his remarks short. His speech was: About a third shorter than when he first b…

Xi Jinping closed the Two Sessions with a renewed call to rejuvenate the country.
On Monday, Xi Jinping kicked off his third term as President with remarks at the final meeting of the legislature's annual session.
Xi kept his remarks short. His speech was:

About a third shorter than when he first b...

sources

Gov.cn: 习近平：在十二届全国人大一次会议上的讲话

Gov.cn: 习近平：在第十三届全国人民代表大会第一次会议上的讲话

Xinhua: 十四届全国人大一次会议闭幕会 (文字实录)

March 13, 2023

A positive spin on everything (everywhere, all at once)

On Monday, the Party’s #2 official, Li Qiang, gave his first press conference as China’s new premier. His agenda: Boosting confidence around China’s economic performance. The outcome? Largely a success. Li’s first stint in the spotlight was pretty powerful, even as it was – predictably – heavy on sp…

On Monday, the Party's #2 official, Li Qiang, gave his first press conference as China's new premier.
His agenda: Boosting confidence around China's economic performance.
The outcome? Largely a success. Li's first stint in the spotlight was pretty powerful, even as it was – predictably – heavy on sp...

sources

Gov.cn: 国务院总理李强回答中外记者提问

March 13, 2023

Meet China’s new cabinet

Over the weekend, China’s legislature (NPC) approved key government posts. There were some unexpected ministerial appointments, but the premier, vice premier, and state councilor appointments played out as expected. Li Qiang was appointed Premier on Saturday and Ding Xuexiang became Executive Vice P…

Over the weekend, China's legislature (NPC) approved key government posts.
There were some unexpected ministerial appointments, but the premier, vice premier, and state councilor appointments played out as expected.
Li Qiang was appointed Premier on Saturday and Ding Xuexiang became Executive Vice P...

sources

Gov.cn: 中华人民共和国主席令（第二号）

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