string(13) "markets-macro"

Macro

February 25, 2025

Finance minister reaffirms adoption of proactive fiscal policy in 2025

China’s finance minister wants to make it perfectly clear that Beijing will pursue a more proactive fiscal policy this year. In an essay published in the People’s Daily on Friday, Finance Minister Lan Fo’an wrote that in 2025, the government will: “Implement a more proactive fiscal policy with sust… Username Password Remember Me … Read More »

China’s finance minister wants to make it perfectly clear that Beijing will pursue a more proactive fiscal policy this year.
In an essay published in the People’s Daily on Friday, Finance Minister Lan Fo’an wrote that in 2025, the government will:

“Implement a more proactive fiscal policy with sust...

sources

People's Daily: 实施更加积极的财政政策推动经济持续回升向好

February 25, 2025

2025 No. 1 Document targets wage hikes for migrant workers, rural poor

The 2025 No. 1 Document – the annual rural policy guidance from the Party Central Committee and State Council, which dropped Sunday – is firmly focused on raising rural incomes. It instructs officials to ensure rural industries – like agritourism and ecommerce – actually raise living standards for r…

The 2025 No. 1 Document – the annual rural policy guidance from the Party Central Committee and State Council, which dropped Sunday – is firmly focused on raising rural incomes.
It instructs officials to ensure rural industries – like agritourism and ecommerce – actually raise living standards for r...

sources

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 25, 2025

Xi calls Putin as US shifts Ukraine stance

Strange times make for strange bedfellows indeed. On Monday, Xi Jinping held a call with Russian President Vladimir Putin on the third anniversary of Russia’s full-scale invasion of Ukraine. Xi conveyed the standard message of support for Moscow (MoFA): “Our two countries are true friends that shar…

Strange times make for strange bedfellows indeed.
On Monday, Xi Jinping held a call with Russian President Vladimir Putin on the third anniversary of Russia’s full-scale invasion of Ukraine.
Xi conveyed the standard message of support for Moscow (MoFA):

“Our two countries are true friends that shar...

sources

MoFA: President Xi Jinping Speaks with Russian President Vladimir Putin on the Phone

NYT: U.S. and European Allies Split Sharply at the U.N. Over Ukraine

UN: With 10 Votes in Favour, 5 Abstentions, Security Council Adopts Resolution 2774 (2025) Mourning Loss of Life, as Russian Federation’s Invasion of Ukraine Enters Fourth Year

February 25, 2025

De minimis cancellations hit SHEIN and Temu hard

You may remember that on February 1, Donald Trump issued an executive order abolishing de minimis exemptions for small-value packages entering the US from China. Four days later, that order was temporarily rescinded while Customs and postal officials figure out how to implement it. It will likely …

You may remember that on February 1, Donald Trump issued an executive order abolishing de minimis exemptions for small-value packages entering the US from China.

Four days later, that order was temporarily rescinded while Customs and postal officials figure out how to implement it.
It will likely ...

sources

Caixin Global: In Depth: Trump Ends an Era for Shein and Temu

February 25, 2025

MIIT’s AI infrastructure wish list

The industrial regulator (MIIT) is stepping up efforts to boost China’s AI infrastructure. On Thursday, MIIT released a “wish list” of core technologies needed for AI data centers, and invited companies and research institutes to design and build them. Some context: Introduced in 2021, MIIT’s “acce…

The industrial regulator (MIIT) is stepping up efforts to boost China’s AI infrastructure.
On Thursday, MIIT released a “wish list” of core technologies needed for AI data centers, and invited companies and research institutes to design and build them.
Some context: Introduced in 2021, MIIT's "acce...

sources

MIIT: 工业和信息化部办公厅关于组织开展算力强基揭榜行动的通知

February 25, 2025

Sweeping Trump investment policy advances US-China decoupling

Foreign investment will make America great again. As long as it doesn’t involve China. That’s the core proposition of the America First Investment Policy, announced by the White House on Friday. The memo outlines Trump’s intentions to impose expansive new restrictions on Chinese investment in the…

Foreign investment will make America great again.

As long as it doesn’t involve China.

That’s the core proposition of the America First Investment Policy, announced by the White House on Friday.

The memo outlines Trump's intentions to impose expansive new restrictions on Chinese investment in the...

sources

White House: America First Investment Policy

February 24, 2025

Policymakers push for more services consumption

On Friday, Premier Li Qiang chaired a State Council executive meeting focused on measures to boost service trade and consumption. Some context: Service retail sales grew a punchy 6.2% in 2024, comfortably outpacing retail sales of consumer goods, which only rose 3.2%. But there is plenty more growth…

On Friday, Premier Li Qiang chaired a State Council executive meeting focused on measures to boost service trade and consumption.
Some context: Service retail sales grew a punchy 6.2% in 2024, comfortably outpacing retail sales of consumer goods, which only rose 3.2%.
But there is plenty more growth...

sources

Gov.cn: 李强主持召开国务院常务会议研究服务贸易和服务消费有关工作等

February 24, 2025

State Council pushing to develop NEV battery recycling and reuse system

Beijing wants to turn an impending environmental liability into a strategic asset. On Friday, the State Council approved an action plan to improve the recycling and reuse of new energy vehicle (NEV) batteries. Some context: As China’s initial wave of mass-market NEVs reaches the end of its lifespan,…

Beijing wants to turn an impending environmental liability into a strategic asset.
On Friday, the State Council approved an action plan to improve the recycling and reuse of new energy vehicle (NEV) batteries.
Some context: As China's initial wave of mass-market NEVs reaches the end of its lifespan,...

sources

Gov.cn: 我国将加强新能源汽车动力电池回收利用

February 24, 2025

New guidance for prosecuting securities crimes

China’s authorities are getting serious about cracking down on stock and bond market shenanigans. On Friday, the securities regulator (CSRC) and the Supreme People’s Procuratorate – China’s top prosecutorial body – held a joint press conference to mark the release of a batch of guiding cases for low…

China’s authorities are getting serious about cracking down on stock and bond market shenanigans.
On Friday, the securities regulator (CSRC) and the Supreme People’s Procuratorate – China’s top prosecutorial body – held a joint press conference to mark the release of a batch of guiding cases for low...

sources

CSRC: 中国证监会与最高人民检察院联合举行新闻发布会

February 24, 2025

Trump pledges to further restrict Chinese investment

On Friday, the White House released a memo detailing the Trump administration’s “America First Investment Policy.” The headline: Trump is planning expansive new restrictions on Chinese investment in the US and outbound American investment in China. The memo singles out China for investing in US comp…

On Friday, the White House released a memo detailing the Trump administration’s “America First Investment Policy.”
The headline: Trump is planning expansive new restrictions on Chinese investment in the US and outbound American investment in China.
The memo singles out China for investing in US comp...

sources

White House: America First Investment Policy

Reuters: Treasury's Bessent, China's He trade economic complaints in call

February 24, 2025

2025 No. 1 Document pushes productivity, scales back food security rhetoric

China’s top leaders are doubling down on efforts to boost farm productivity. On Sunday, the Party Central Committee and State Council released the 2025 No. 1 Document, outlining key priorities for rural policy for the year. ICYDK: For 22 years in a row, the Party’s first policy document of the year …

China's top leaders are doubling down on efforts to boost farm productivity.
On Sunday, the Party Central Committee and State Council released the 2025 No. 1 Document, outlining key priorities for rural policy for the year.
ICYDK: For 22 years in a row, the Party's first policy document of the year ...

sources

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 22, 2025

Will China launch an AI stimulus plan?

Here’s a trillion-dollar question for you: What should Beijing do to keep the AI animal spirits flowing following DeepSeek’s blowout success? Premier Li Qiang has an answer: Stimulate demand for AI-powered products. At a Thursday State Council study session, Li called to: “Vigorously promote te…

Here's a trillion-dollar question for you:

What should Beijing do to keep the AI animal spirits flowing following DeepSeek’s blowout success?

Premier Li Qiang has an answer: Stimulate demand for AI-powered products. At a Thursday State Council study session, Li called to:

“Vigorously promote te...

sources

People.cn: 李强主持国务院第十二次专题学习

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