string(13) "markets-macro"

Macro

March 4, 2023

Feeling UnInspured

On Thursday, the Biden administration added 28 Chinese entities to the US Commerce Department’s Entity List. The biggest addition: Inspur Group, China’s top server manufacturer, and the third-largest server manufacturer globally by market share. It’s also a top manufacturer of servers for AI proces… Username Password Remember Me Forgot Password

On Thursday, the Biden administration added 28 Chinese entities to the US Commerce Department’s Entity List.
The biggest addition: Inspur Group, China's top server manufacturer, and the third-largest server manufacturer globally by market share.

It's also a top manufacturer of servers for AI proces...

sources

US Commerce Department: Entity List announcement

March 4, 2023

Deep Dive | The Contenders: Who will take over the banking regulator?

This is one of two final pieces in our Contenders series, in which we examine the races to take over key government econ posts at the annual meeting of the legislature (NPC), starting March 5. ICYDK: Toward the end of the NPC, the new econ team will be revealed. This team will be extra import…

This is one of two final pieces in our Contenders series, in which we examine the races to take over key government econ posts at the annual meeting of the legislature (NPC), starting March 5.
ICYDK: Toward the end of the NPC, the new econ team will be revealed.

This team will be extra import...

March 3, 2023

New semiconductor coordination body in the works

On Thursday, outgoing Vice Premier Liu He sat down with Chinese chipmakers to discuss how to boost the country’s semiconductor industry. Some context: Liu, who’s in charge of the government’s semiconductor portfolio, will leave office in two weeks as a new roster of officials take up their pos…

On Thursday, outgoing Vice Premier Liu He sat down with Chinese chipmakers to discuss how to boost the country’s semiconductor industry.
Some context: Liu, who’s in charge of the government’s semiconductor portfolio, will leave office in two weeks as a new roster of officials take up their pos...

sources

Xinhua: 刘鹤调研集成电路企业并主持召开座谈会

CCTV: [视频]刘鹤调研集成电路企业并主持召开座谈会

March 3, 2023

Lav’s on tour

On Thursday, Foreign Minister Qin Gang was in New Delhi for the G20 Foreign Ministers Meeting. He had one heck of a schedule: In addition to addressing the whole group, Qin held bilats with counterparts from: Australia Brazil Canada France Germany India The Netherlands Saudi Arabia Sign of the tim…

Australia
Brazil
Canada
France
Germany
India
The Netherlands
Saudi Arabia

Sign of the tim...

sources

MoFA: 秦刚会见俄罗斯外长拉夫罗夫

March 3, 2023

An unwelcome visitor

US Commerce Secretary Gina Raimondo could face an awkward visit to China, with multiple issues dividing the world’s two largest economies. On Thursday, Raimondo was asked if she is traveling to China this year (Bloomberg): “I’m certainly going to be sending my team over – probably even this spring….

US Commerce Secretary Gina Raimondo could face an awkward visit to China, with multiple issues dividing the world's two largest economies.
On Thursday, Raimondo was asked if she is traveling to China this year (Bloomberg):

“I’m certainly going to be sending my team over – probably even this spring....

sources

WSJ: U.S. Export Limits Target 28 Chinese Entities, Citing Alleged Ties to Iranian Military

Bloomberg: US Commerce Secretary Gina Raimondo Is Considering a China Trip This Year

Reuters: US expects calls, engagements with China in coming weeks

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March 3, 2023

Could do better, comrade

On Thursday, Xi Jinping had homework to mark. Xi read through the work reports submitted by the very top Party members, and “put forward important requirements,” Xinhua reported. ICYDK: Since 2018, Xi has required every Politburo member to submit written reports to him personally describing their wo…

On Thursday, Xi Jinping had homework to mark.
Xi read through the work reports submitted by the very top Party members, and "put forward important requirements," Xinhua reported.
ICYDK: Since 2018, Xi has required every Politburo member to submit written reports to him personally describing their wo...

sources

Xinhua: Senior CPC officials submit work reports to CPC Central Committee, Xi

March 3, 2023

What’s mined is mine

Resource geopolitics are heating up – with rare earth elements (REE) an intensifying focal point. In mid-February, the Australian Treasurer Jim Chalmers blocked Yuxiao Fund, controlled by Chinese investor Wu Yuxiao, from expanding its minority position in Northern Minerals Limited (NTU), a strategic…

Resource geopolitics are heating up – with rare earth elements (REE) an intensifying focal point.
In mid-February, the Australian Treasurer Jim Chalmers blocked Yuxiao Fund, controlled by Chinese investor Wu Yuxiao, from expanding its minority position in Northern Minerals Limited (NTU), a strategic...

sources

Australian Broadcasting Corporation: Federal government blocks Yuxiao Fund's bid to increase its stake in Northern Minerals

March 3, 2023

Pick a number, any number

China could set a GDP growth target as high as 6% for 2023, Reuters reported on Thursday. That would be higher than the 2022 target of “around 5%.” And it would be double the dismal growth rate of 3% actually achieved in 2022 – the second-lowest since 1976. Reuters cited seven unnamed sources invo…

China could set a GDP growth target as high as 6% for 2023, Reuters reported on Thursday.

That would be higher than the 2022 target of "around 5%."
And it would be double the dismal growth rate of 3% actually achieved in 2022 – the second-lowest since 1976.

Reuters cited seven unnamed sources invo...

sources

Reuters: Exclusive: China increasingly ambitious with 2023 growth target, may aim for up to 6%

Gov.cn: 李克强主持召开国务院党组会议学习贯彻党的二十届二中全会精神韩正出席

March 3, 2023

Did somebody say consumption?

The Ministry of Finance (MoF) – like every other ministry right now – is pro-consumer. Yesterday, we highlighted Minister of Finance Liu Kun’s bullish comments on the 2023 fiscal outlook at a Wednesday State Council Information Office (SCIO) presser. Today, we look at MoF Vice Minister Xu Hongcai’s…

The Ministry of Finance (MoF) – like every other ministry right now – is pro-consumer.
Yesterday, we highlighted Minister of Finance Liu Kun’s bullish comments on the 2023 fiscal outlook at a Wednesday State Council Information Office (SCIO) presser.

Today, we look at MoF Vice Minister Xu Hongcai’s...

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SCIO: 国新办举行“权威部门话开局”系列主题新闻发布会介绍“财政贯彻落实党的二十大重大决策部署” （图文实录）

March 3, 2023

A win for RMB internationalization

Russian miner MMC Norilsk Nickel PJSC (Nornickel) is selling nickel to China in RMB at prices set by the Shanghai Futures Exchange (SFE), Bloomberg reported on Wednesday. Why is that a big deal? Because it’s a breakthrough in Beijing’s efforts to persuade the world’s farmers and miners to accept pa…

Russian miner MMC Norilsk Nickel PJSC (Nornickel) is selling nickel to China in RMB at prices set by the Shanghai Futures Exchange (SFE), Bloomberg reported on Wednesday.
Why is that a big deal? Because it's a breakthrough in Beijing's efforts to persuade the world’s farmers and miners to accept pa...

sources

Bloomberg: Russia’s Largest Miner Is Selling Nickel to China in Yuan

March 3, 2023

Accentuate the positive

The outlook for China’s exports isn’t as bad as most think. That was the message from Liang Ming, director of the Foreign Trade Research Institute – a think tank under the commerce ministry (MofCom). Some context: China’s exports surged over the last three years. But they’ve been falling y/y since …

The outlook for China’s exports isn’t as bad as most think.
That was the message from Liang Ming, director of the Foreign Trade Research Institute – a think tank under the commerce ministry (MofCom).
Some context: China's exports surged over the last three years.

But they've been falling y/y since ...

sources

Jiemian: 梁明：当前外贸形势的六个误读与实情

March 3, 2023

Flash Talk | Two Sessions: What we’re watching

Join Trivium partners and co-founders Trey McArver – who heads our politics practice – and Andrew Polk for a live talk on what they’re watching for at the upcoming Two Sessions, which kicks off in Beijing on March 4. …

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