string(13) "markets-macro"

Macro

February 17, 2023

Researching Robocop

On Wednesday, the Ministries of Science and Technology (MoST) and Public Security (MPS) announced a three-year plan to “rejuvenate” China’s police force through sci-tech R&D. The idea: Ensure that China’s public security department is empowered to conduct forward-looking technological research t… Username Password Remember Me Forgot Password

On Wednesday, the Ministries of Science and Technology (MoST) and Public Security (MPS) announced a three-year plan to "rejuvenate" China’s police force through sci-tech R&D.
The idea: Ensure that China's public security department is empowered to conduct forward-looking technological research t...

sources

MPS: 公安部科技部联合印发通知部署推进科技兴警三年行动计划

February 17, 2023

The wrong moment to be caught red-handed

On Wednesday, Dutch lithography giant ASML accused a former China-based employee of stealing the company’s data. This is the second alleged China-linked espionage disclosed by ASML in under a year. Why it matters: The Netherlands is still finalizing multilateral controls with the US and Jap…

On Wednesday, Dutch lithography giant ASML accused a former China-based employee of stealing the company’s data.

This is the second alleged China-linked espionage disclosed by ASML in under a year.

Why it matters: The Netherlands is still finalizing multilateral controls with the US and Jap...

sources

Bloomberg: ASML Says Ex-Employee in China Stole Chip Data

February 17, 2023

Where goeth CATL, so goeth Rubio

Remember how Ford and its Chinese battery supplier CATL were planning to build a factory in Virginia, but Governor Glenn Younkin killed the deal because, you know, China? And remember how Bloomberg reported Ford is planning on settling on Michigan instead? Lol, not so fast, Ford! On Wednesday, U…

Remember how Ford and its Chinese battery supplier CATL were planning to build a factory in Virginia, but Governor Glenn Younkin killed the deal because, you know, China?

And remember how Bloomberg reported Ford is planning on settling on Michigan instead?

Lol, not so fast, Ford!
On Wednesday, U...

sources

Reuters: U.S. Senator Rubio seeks review of Ford technology deal with China's CATL

NYT: Ford Will Build a U.S. Battery Factory With Technology From China

SCMP: China’s CATL to provide know-how for Ford’s new US$3.5 billion electric-car battery plant in US

Senate.gov: Rubio Seeks Pledge From Biden For No Federal Dollars To Partnership Between Ford, CCP National Champion

February 16, 2023

Getting gigabit with it

On Wednesday, the Ministry of Industry and Information Technology (MIIT) announced a second round of localities that have reached “gigabit city” status. ICYDK: “Gigabit city” is a special designation for locales where both gigabit-speed wired broadband and high-speed 5G networks are available to loc…

On Wednesday, the Ministry of Industry and Information Technology (MIIT) announced a second round of localities that have reached “gigabit city” status.
ICYDK: "Gigabit city" is a special designation for locales where both gigabit-speed wired broadband and high-speed 5G networks are available to loc...

sources

ITHome: 我国第二批千兆城市公布，81 城达标（附完整名单）

February 16, 2023

Industrialization’s new location

We’ve spent the last couple days combing through the 2023 No. 1 Document – the Party’s annual rural policy guidance. ICYMI: Top leaders are obsessed with food security. This year, they’re looking to deliver it by: Pushing hard to boost traditional staple crop yields Looking for new sources of food …

We've spent the last couple days combing through the 2023 No. 1 Document – the Party’s annual rural policy guidance.
ICYMI: Top leaders are obsessed with food security. This year, they're looking to deliver it by:

Pushing hard to boost traditional staple crop yields
Looking for new sources of food ...

sources

Xinhua: 中共中央国务院关于做好2023年全面推进乡村振兴重点工作的意见

February 16, 2023

Xi looks to drum up FDI

Xi Jinping wants more foreign investment in 2023. In his December speech to the Central Economic Work Conference, published on Wednesday, Xi said attracting foreign investment is one of China’s most pressing economic issues: “We…need to make sure that the first-rate foreign investment already in th…

Xi Jinping wants more foreign investment in 2023.
In his December speech to the Central Economic Work Conference, published on Wednesday, Xi said attracting foreign investment is one of China’s most pressing economic issues:

“We…need to make sure that the first-rate foreign investment already in th...

sources

Qiushi: 当前经济工作的几个重大问题

February 16, 2023

Beijing is counting every fen

Beijing wants government institutions to spend responsibly. On Wednesday, the Party Central Committee and State Council jointly released guidelines for strengthening supervision of the financial and accounting activities of state and private entities. There’s a lot here, but one of the document’s p…

Beijing wants government institutions to spend responsibly.
On Wednesday, the Party Central Committee and State Council jointly released guidelines for strengthening supervision of the financial and accounting activities of state and private entities.
There's a lot here, but one of the document's p...

sources

Xinhua: （受权发布）中共中央办公厅国务院办公厅印发《关于进一步加强财会监督工作的意见》

February 16, 2023

Fund better have my money

China’s public health insurance system is in crisis. Since last week, thousands of retirees in the city of Wuhan have taken to the streets to protest a recent change to the public health insurance system. Specifically, the government cut the amount of money in retirees’ personal accounts. The upsho…

China's public health insurance system is in crisis.
Since last week, thousands of retirees in the city of Wuhan have taken to the streets to protest a recent change to the public health insurance system.
Specifically, the government cut the amount of money in retirees’ personal accounts. The upsho...

sources

Caixin Global: China Retirees Dispute Deep Cuts to Health Insurance Benefits

Yicai: 医保个账基金存量1.2万亿，门诊共济后谁受益谁受损|医保个账改革

FT: China’s elderly protest against health insurance reforms

NHC: 国务院关于建立城镇职工基本医疗保险制度的决定（1998年12月14日）

February 16, 2023

Don’t get it twisted

President Xi Jinping wants the private sector to know that he is on their side. On Wednesday, the Party’s top journal Qiushi published an article containing key excerpts from Xi’s December speech at the Central Economic Work Conference (CEWC). News flash: The big man is sick and tired of your miscon…

President Xi Jinping wants the private sector to know that he is on their side.
On Wednesday, the Party's top journal Qiushi published an article containing key excerpts from Xi's December speech at the Central Economic Work Conference (CEWC).
News flash: The big man is sick and tired of your miscon...

sources

Qiushi: 当前经济工作的几个重大问题

February 16, 2023

Keep your fabs

China is desperate to keep foreign semiconductor companies in the country. On Tuesday, Jin Zhuanglong, the Minister of Industry and Information Technology (MIIT), met with South Korean memory chip giant SK Hynix’s Chief Marketing Officer Kevin Noh. The readout is thin (MIIT): “[They] ex…

China is desperate to keep foreign semiconductor companies in the country.
On Tuesday, Jin Zhuanglong, the Minister of Industry and Information Technology (MIIT), met with South Korean memory chip giant SK Hynix’s Chief Marketing Officer Kevin Noh.
The readout is thin (MIIT):

“[They] ex...

sources

MIIT: 金壮龙会见SK海力士社长卢钟元

February 16, 2023

Super Markets

On Friday, the central bank (PBoC) held its annual financial markets work conference. Pledges were made, objectives were set, and lofty ambitions were outlined. We list the key content below. The PBoC pledged to continue providing policy support for: Revitalizing old equipment Small businesses Gr…

On Friday, the central bank (PBoC) held its annual financial markets work conference.

Pledges were made, objectives were set, and lofty ambitions were outlined. We list the key content below.

The PBoC pledged to continue providing policy support for:

Revitalizing old equipment
Small businesses
Gr...

sources

PBoC: 中国央行：动态监测分析房地产市场边际变化，因城施策实施好差别化住房信贷政策

February 16, 2023

Beware systemic risks

In his address to the Central Economic Work Conference, released on Wednesday, Xi Jinping dedicated a chunk of time to talking about risks. In particular, he’s worried about property, the financial sector, and local government debt. Xi said that regulators must strive to prevent problems in the pr…

In his address to the Central Economic Work Conference, released on Wednesday, Xi Jinping dedicated a chunk of time to talking about risks.

In particular, he’s worried about property, the financial sector, and local government debt.

Xi said that regulators must strive to prevent problems in the pr...

sources

Qiushi: 当前经济工作的几个重大问题

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