string(13) "markets-macro"

Macro

March 3, 2023

Retaining Korean chips

On Tuesday, SCMP reported that South Korean companies are lobbying Washington to allow them to retain their China chip investments. Some context: The US’ October export controls apply to all China-based chip fabs. South Korean chipmakers like Samsung and SK Hynix have large chip fab… Username Password Remember Me Forgot Password

South Korean chipmakers like Samsung and SK Hynix have large chip fab...

sources

SCMP: Tech war: South Korea to ask US to let chip makers keep investment in China

March 2, 2023

China’s (Zhuang) long on manufacturing

On Wednesday, the Minister of Industry and Information Technology Jin Zhuanglong gave a press conference to discuss the his ministry’s priorities for 2023. Top of the agenda: High-tech industrialization and economic growth. According to Jin (SCIO): “[Manufacturing is] the lifeblood of the nation…

On Wednesday, the Minister of Industry and Information Technology Jin Zhuanglong gave a press conference to discuss the his ministry's priorities for 2023.
Top of the agenda: High-tech industrialization and economic growth.
According to Jin (SCIO):

“[Manufacturing is] the lifeblood of the nation...

sources

SCIO: 国新办举行“权威部门话开局”系列主题新闻发布会介绍 “加快推进新型工业化做强做优做大实体经济”

March 2, 2023

Five doesn’t equal three

China’s data export regime is a mess. That was the message from Zhou Yu, deputy director of the central bank’s (PBoC) International Department, in an article published Wednesday. The timing is interesting: Wednesday marked the deadline for companies to comply with China’s data security…

China’s data export regime is a mess.

That was the message from Zhou Yu, deputy director of the central bank’s (PBoC) International Department, in an article published Wednesday.

The timing is interesting: Wednesday marked the deadline for companies to comply with China’s data security...

sources

China Finance 40 Forum: 央行国际司周宇：关于金融部门数据跨境流动规则的初步思考

March 2, 2023

A new era for scitech policy

China’s tech policymaking is in for some big changes. Some context: Since 1982, Party and state institutions have undergone a restructuring roughly every five years. The latest reorganization will be unveiled at the Two Sessions this year – which starts on March 4. On Tuesday, X…

China’s tech policymaking is in for some big changes.
Some context: Since 1982, Party and state institutions have undergone a restructuring roughly every five years.

The latest reorganization will be unveiled at the Two Sessions this year – which starts on March 4.

On Tuesday, X...

sources

Gov.cn: 中共中央举行民主协商会习近平主持并发表重要讲话

March 2, 2023

Xi goes back to school

Xi Jinping wants to make sure that officials are on the same page. That was the message on Wednesday when Xi visited the Central Party School (CPS) to celebrate its 90th anniversary. ICYDK: The CPS trains promising Party cadres and advises the leadership on policy. The CPS sits at the top of 3,000 …

Xi Jinping wants to make sure that officials are on the same page.
That was the message on Wednesday when Xi visited the Central Party School (CPS) to celebrate its 90th anniversary.
ICYDK: The CPS trains promising Party cadres and advises the leadership on policy.

The CPS sits at the top of 3,000 ...

sources

Xinhua: 习近平在中央党校建校90周年庆祝大会暨2023年春季学期开学典礼上发表重要讲话强调坚守党校初心努力为党育才为党献策

Gov.cn: 习近平出席中央党校建校80周年庆祝大会并发表讲话

NPR: How China's Communist Party Schools Train Generations Of Loyal Members

March 2, 2023

Don’t Minsk your words

On Wednesday, Xi Jinping welcomed Belarusian president Alexander Lukashenko, a key ally of Russian leader Vladimir Putin, on his state visit to China. Fun fact: While other autocrats took wives to Beijing’s 2015 military parade, Lukashenko brought his mini-me son Kolya. Some context: Political turmo…

On Wednesday, Xi Jinping welcomed Belarusian president Alexander Lukashenko, a key ally of Russian leader Vladimir Putin, on his state visit to China.
Fun fact: While other autocrats took wives to Beijing's 2015 military parade, Lukashenko brought his mini-me son Kolya.
Some context: Political turmo...

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Xinhua: 习近平同白俄罗斯总统卢卡申科举行会谈

March 2, 2023

The other man-made climate change

On Wednesday, the American Chamber of Commerce in China (AmCham) released its annual Business Climate Survey (BCS) Report. Yup, that’s the crew who hosted the fiery US Ambassador last month. So does the report lash out too? Well, 2022 was a rough one (AmCham): “China is no longer the primary inve…

On Wednesday, the American Chamber of Commerce in China (AmCham) released its annual Business Climate Survey (BCS) Report.

Yup, that's the crew who hosted the fiery US Ambassador last month.

So does the report lash out too? Well, 2022 was a rough one (AmCham):

“China is no longer the primary inve...

sources

Amcham China: 2023 China Business Climate Survey Report

March 2, 2023

A pleasant surprise

China’s leaders are pleasantly surprised by the speed of the economic recovery. That’s according to a source Bloomberg quoted on Wednesday, who said: “China’s economy is recovering faster than top officials had expected with its Covid outbreak on reopening passing rapidly.” This sentiment chimes w…

China's leaders are pleasantly surprised by the speed of the economic recovery.
That's according to a source Bloomberg quoted on Wednesday, who said:

“China’s economy is recovering faster than top officials had expected with its Covid outbreak on reopening passing rapidly.”

This sentiment chimes w...

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Bloomberg: China Leaders Surprised by Pace of Economy’s Rebound

Gov.cn: 李克强主持召开各民主党派中央、全国工商联负责人和无党派人士代表座谈会听取对政府工作报告的意见建议韩正出席

March 2, 2023

Consumption with gumption

China’s economic recovery in 2023 will come on the back of consumption. That was the message from the Ministry of Commerce (MofCom) at a Wednesday teleconference with officials from every provincial commerce department. ICYMI: At December’s Central Economic Work Conference, Xi Jinping made it clear …

China's economic recovery in 2023 will come on the back of consumption.
That was the message from the Ministry of Commerce (MofCom) at a Wednesday teleconference with officials from every provincial commerce department.
ICYMI: At December’s Central Economic Work Conference, Xi Jinping made it clear ...

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Gov.cn: 全国消费促进工作电视电话会议召开

March 2, 2023

Signs of life

The property sector may be over the worst of its slump. On Tuesday, data released by China Real Estate Information Corp. (CRIC) showed the home sales of China’s top 100 developers reached RMB 461.6 billion in February. That’s a 14.9% y/y increase – the first y/y growth since June 2021. Hold the ap…

The property sector may be over the worst of its slump.
On Tuesday, data released by China Real Estate Information Corp. (CRIC) showed the home sales of China’s top 100 developers reached RMB 461.6 billion in February.

That’s a 14.9% y/y increase – the first y/y growth since June 2021.

Hold the ap...

sources

Bloomberg: China Home Sales Rise for First Time in 20 Months on Policy Aid

Yicai: 2月10个重点城市二手房成交同环比上涨，二成业主调升放盘价

March 2, 2023

Fiscal sustainability is a state of mind

Minister of Finance Liu Kun is bullish about 2023. On Wednesday, Liu spoke about the fiscal outlook at a State Council Information Office (SCIO) presser. ICYMI: 2022 was not a great year for local government budgets. The government-managed fund budget – which includes land sales income, an importan…

Minister of Finance Liu Kun is bullish about 2023.
On Wednesday, Liu spoke about the fiscal outlook at a State Council Information Office (SCIO) presser.
ICYMI: 2022 was not a great year for local government budgets.

The government-managed fund budget – which includes land sales income, an importan...

sources

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 2, 2023

How important can data be?

The rollout of China’s data export control regime has gone off without a hitch. Just kidding! It’s a compliance dumpster fire. Yesterday, 21st Century Biz published a survey-based report on how organizations are navigating the process of applying for a license for data exports. ICYMI: Last year, Chi…

The rollout of China’s data export control regime has gone off without a hitch.
Just kidding! It’s a compliance dumpster fire.
Yesterday, 21st Century Biz published a survey-based report on how organizations are navigating the process of applying for a license for data exports.
ICYMI: Last year, Chi...

sources

21st Century Biz: 数据跨境新规生效后首份现状调查报告发布准确辨别“重要数据”成企业合规难点

21st Century Biz: 数据跨境安全评估摸底考①：重要数据识别与安全评估标准细则亟待进一步完善

21st Century Biz: 数据跨境安全评估摸底考②：出境合规降本增效需求突显，境外对象核查期待方式创新

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