string(13) "markets-macro"

Macro

February 17, 2023

Deflating the balloon

It looks like US President Joe Biden wants to dial down tensions with China. On Thursday, Biden said he plans to speak directly with Xi Jinping to help address the escalating series of balloon shootdowns (White House): “I expect to be speaking with President Xi and I hope we are going to get … Username… Read More »

“I expect to be speaking with President Xi and I hope we are going to get ...

sources

White House: https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/02/16/remarks-by-president-biden-on-the-united-states-response-to-recent-aerial-objects/

NBC: Biden says Chinese President Xi doesn't want to damage relations with U.S. after spy balloon, in exclusive interview

February 17, 2023

The return of SOE hospitals?

Beijing is (once again) asking state-owned enterprises (SOEs) to help provide affordable healthcare. On February 3, Beijing published a plan supporting the development of SOE-owned hospitals. ICYDK: Under the planned economy, SOEs provided cradle-to-grave welfare for employees – and SOE-owned hospit…

Beijing is (once again) asking state-owned enterprises (SOEs) to help provide affordable healthcare.
On February 3, Beijing published a plan supporting the development of SOE-owned hospitals.
ICYDK: Under the planned economy, SOEs provided cradle-to-grave welfare for employees – and SOE-owned hospit...

sources

Tencent: 持续20年的国企医院剥离工作将收官，1149家央企医院告别历史舞台

Gov.cn: 关于印发《支持国有企业办医疗机构高质量发展工作方案》的通知

February 17, 2023

Emmanuel-Yi in Paris

On Wednesday, China’s top diplomat Wang Yi kicked off his European tour with a visit to Paris where he met with French President Emmanuel Macron. In talks with Macron, Wang expressed some brotherly bonhomie (MoFA): “China always regards France as a priority partner for cooperation and is ready to f…

On Wednesday, China’s top diplomat Wang Yi kicked off his European tour with a visit to Paris where he met with French President Emmanuel Macron.
In talks with Macron, Wang expressed some brotherly bonhomie (MoFA):

“China always regards France as a priority partner for cooperation and is ready to f...

sources

MoFA: French President Emmanuel Macron Meets with Wang Yi

SCMP: Chinese diplomat Wang Yi, French President Emmanuel Macron discuss Ukraine war during meeting in Paris

Elysee Palace: Accueil par le Président de la République du Président de la République d'Ukraine, Volodymyr Zelensky et du Chancelier de la République fédérale d’Allemagne, Olaf Scholz au Palais de l'Élysée.

February 17, 2023

Mission accomplished

One approach to damage control is to declare total victory and deny any mistakes. That seems to be the Party’s plan for managing the fallout from China’s messy and ill-coordinated exit from zero-COVID. On Thursday, the Party’s seven bigwigs convened a Politburo Standing Committee (PBSC) meeting to…

One approach to damage control is to declare total victory and deny any mistakes.

That seems to be the Party's plan for managing the fallout from China’s messy and ill-coordinated exit from zero-COVID.

On Thursday, the Party’s seven bigwigs convened a Politburo Standing Committee (PBSC) meeting to...

sources

Gov.cn: 中共中央政治局常务委员会召开会议习近平主持会议

Xinhua: China achieves major, decisive victory in COVID response: CPC leadership

February 17, 2023

Quantity out, quality in

Officials are laser-focused on achieving high-quality development. That was the message from the State Council Information Office’s Thursday presser, attended by head honchos from the markets regulator (SAMR) and a bunch of other central agencies. ICYMI: On February 6, the Party Central Committee an…

Officials are laser-focused on achieving high-quality development.
That was the message from the State Council Information Office's Thursday presser, attended by head honchos from the markets regulator (SAMR) and a bunch of other central agencies.
ICYMI: On February 6, the Party Central Committee an...

sources

SCIO: 国新办举行“实施质量强国建设纲要着力推动高质量发展” 新闻发布会图文实录

February 17, 2023

On Our Radar | The National People’s Congress

The most important upcoming developments for policy and politics in China over the next month key developments politics Party-state restructuring plan (mid-March) State Council appointments (mid-March) econ and finance Common Prosperity in the Government Work Report (March 5) Key economic targets…

The most important upcoming developments for policy and politics in China over the next month
key developments
politics

Party-state restructuring plan (mid-March)
State Council appointments (mid-March)

econ and finance

Common Prosperity in the Government Work Report (March 5)
Key economic targets...

February 17, 2023

The missing Bao

Take that, investor confidence! On Thursday, Caixin scooped that Bao Fan, one of China’s most prominent tech investors, has gone missing. The deets (Caixin Global): “Bao hasn’t shown up at the office and hasn’t appeared in public in recent days.” “A Hong Kong market participant said he couldn’t get…

Take that, investor confidence!
On Thursday, Caixin scooped that Bao Fan, one of China’s most prominent tech investors, has gone missing.
The deets (Caixin Global):

“Bao hasn’t shown up at the office and hasn’t appeared in public in recent days."
"A Hong Kong market participant said he couldn’t get...

sources

Caixin Global: Exclusive: Billionaire Founder of China Renaissance Goes Missing

February 17, 2023

If you build it…

China’s green hydrogen ambitions just got a big boost. On Thursday, Sinopec announced construction has begun on the world’s largest green hydrogen project in Ordos city, a coal hub in Inner Mongolia. The RMB 5.7 billion facility will have a production capacity of 30,000 metric tons annually. Some …

China's green hydrogen ambitions just got a big boost.
On Thursday, Sinopec announced construction has begun on the world's largest green hydrogen project in Ordos city, a coal hub in Inner Mongolia.

The RMB 5.7 billion facility will have a production capacity of 30,000 metric tons annually.

Some ...

sources

Jiemian: 中石化启动全球最大绿氢项目

February 17, 2023

On the naughty list

On Thursday, the Ministry of Commerce (MofCom) added two US companies to its Unreliable Entity List (UEL) for selling arms to Taiwan. The companies: American aerospace and defense giant Lockheed Martin Raytheon Missile and Defense Corporation – a subsidiary of American aerospace and defense giant R…

On Thursday, the Ministry of Commerce (MofCom) added two US companies to its Unreliable Entity List (UEL) for selling arms to Taiwan.
The companies:

American aerospace and defense giant Lockheed Martin
Raytheon Missile and Defense Corporation – a subsidiary of American aerospace and defense giant R...

sources

Caixin: 商务部：将洛克希德·马丁公司、雷神导弹与防务公司列入不可靠实体清单

February 17, 2023

A glimmer of hope

Housing prices might – just might – finally be showing signs of life. According to data published by the stats bureau (NBS) on Thursday, prices of new homes in 36 of the 70 large and mid-size cities in its monthly survey rose in January on a month-on-month basis. That’s up from just 15 cities in… Read More »

Housing prices might – just might – finally be showing signs of life.
According to data published by the stats bureau (NBS) on Thursday, prices of new homes in 36 of the 70 large and mid-size cities in its monthly survey rose in January on a month-on-month basis.

That's up from just 15 cities in De...

sources

NBS: 2023年1月份70个大中城市商品住宅销售价格变动情况

The Paper: 楼市现回暖迹象：1月36城新房价格上涨，17个月以来首超下跌城市数量

February 17, 2023

A tough year ahead

China’s fiscal policy is coming under growing pressure – even as the economy emerges from its funk. On Thursday, Finance Minister Liu Kun laid out the difficulties in an essay in Qiushi, the Party’s top theoretical journal. Liu said that given China still faces economic challenges, the finance mini…

China's fiscal policy is coming under growing pressure – even as the economy emerges from its funk.
On Thursday, Finance Minister Liu Kun laid out the difficulties in an essay in Qiushi, the Party’s top theoretical journal.
Liu said that given China still faces economic challenges, the finance mini...

sources

Qiushi: 更加有力有效实施积极的财政政策

February 17, 2023

Flash talk | Consumption still in focus

In this latest Flash Talk, Trivium’s Head of China Markets Research Dinny McMahon talks with Trivium Co-founder Andrew Polk about the latest econ and financial developments in China over the past few weeks. The fellas cover: Recent policy support for consumption – and the outlook for consumers to d…

Recent policy support for consumption – and the outlook for consumers to d...

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