string(13) "markets-macro"

Macro

February 9, 2023

The absolute state of the union

Those hoping for signals of cooling US-China tensions following balloongate should look away now. On Tuesday, US President Biden gave his annual State of the Union address to a joint session of the US Congress. POTUS took a moment to address the panda in the room (Reuters): “I’m committed to work w… Username Password Remember… Read More »

Those hoping for signals of cooling US-China tensions following balloongate should look away now.
On Tuesday, US President Biden gave his annual State of the Union address to a joint session of the US Congress.
POTUS took a moment to address the panda in the room (Reuters):

"I'm committed to work w...

sources

Reuters: Biden vows 'to protect' country in State of the Union speech, refers to China balloon

MoFA: Foreign Ministry Spokesperson Mao Ning’s Regular Press Conference on February 8, 2023

February 9, 2023

Sun rises to oversee overseas propaganda

Remember Sun Yeli, who calmly fielded journalists’ questions as spokesperson for the 20th Party Congress in October, and promised the Party would “create greater miracles on the way forward”? Nope? Well, the Party sure does. Sun, 58, was appointed director of the State Council Information Office (SC…

Remember Sun Yeli, who calmly fielded journalists' questions as spokesperson for the 20th Party Congress in October, and promised the Party would "create greater miracles on the way forward"?
Nope? Well, the Party sure does.
Sun, 58, was appointed director of the State Council Information Office (SC...

sources

Gov.cn: 国务院任免国家工作人员（2023年1月17日）

February 9, 2023

Road trippin’

China’s passenger vehicle sales performed much worse than expected in January, falling 38% y/y. At a briefing on Wednesday, China Passenger Car Association (CPCA) Secretary General Cui Dongshu attributed the dive to: Lunar New Year (LNY), which fell in February last year The expiration of key subsi…

China's passenger vehicle sales performed much worse than expected in January, falling 38% y/y.
At a briefing on Wednesday, China Passenger Car Association (CPCA) Secretary General Cui Dongshu attributed the dive to:

Lunar New Year (LNY), which fell in February last year
The expiration of key subsi...

sources

Reuters: China car sales plunge 38% in January as subsidies, tax cut end

Caixin: 1月车市大跌乘联会称新能源汽车销量增长进入瓶颈期

February 9, 2023

Buy it while you can

On Monday, domestic media reported that Chinese chipmakers are stockpiling foreign semiconductor equipment before new export controls start. ICYMI: In late January, the US, the Netherlands, and Japan reached an agreement to collectively restrict the export of advanced semiconductor equipment t…

On Monday, domestic media reported that Chinese chipmakers are stockpiling foreign semiconductor equipment before new export controls start.
ICYMI: In late January, the US, the Netherlands, and Japan reached an agreement to collectively restrict the export of advanced semiconductor equipment t...

sources

ijiwei: 传中国芯片制造商正低调购买设备

February 9, 2023

Bye bye, IBM

On Saturday, Shenzhen released a three-year plan to boost the city’s fintech development. What caught our eye: Shenzhen wants to replace old American IT infrastructure in the financial system with domestic alternatives. Some context: Traditional enterprises like banks are stuck with old …

On Saturday, Shenzhen released a three-year plan to boost the city’s fintech development.
What caught our eye: Shenzhen wants to replace old American IT infrastructure in the financial system with domestic alternatives.
Some context: Traditional enterprises like banks are stuck with old ...

sources

Shenzhen Gov.cn: 深圳市金融科技专项发展规划（2023-2025年）

February 9, 2023

Too many blockchain research efforts

More blockchain research is on the horizon. On Thursday, Chinese media reported that the Ministry of Science and Technology has approved a new National Blockchain Technology Innovation Center. The Center is led by a research institute backed by the Beijing municipal government. The new Center will…

More blockchain research is on the horizon.
On Thursday, Chinese media reported that the Ministry of Science and Technology has approved a new National Blockchain Technology Innovation Center.

The Center is led by a research institute backed by the Beijing municipal government.

The new Center will...

sources

China Finance: 国家区块链技术创新中心落户北京微芯研究院牵头建设

February 9, 2023

US-India tech deal rattles China?

On Tuesday, SCMP reported that a new US-India tech deal was creating a stir in Beijing. Background: Sino-Indian tensions have been ratcheting up the past few years across a range of issues, from border disputes, to cybersecurity. Don’t forget: India was the country to ban TikTok. More recently, comp…

On Tuesday, SCMP reported that a new US-India tech deal was creating a stir in Beijing.
Background: Sino-Indian tensions have been ratcheting up the past few years across a range of issues, from border disputes, to cybersecurity.
Don't forget: India was the country to ban TikTok.
More recently, comp...

sources

White House: FACT SHEET: United States and India Elevate Strategic Partnership with the initiative on Critical and Emerging Technology (iCET)

SCMP: Tech war: US-India tech deal could speed up global supply chain realignment, hurting China

People's Daily: “脱钩断链”行不通，深化合作是出路（钟声）

People's Daily: 阵营对抗没有前途，互利共赢人心所向（钟声）

People's Daily: 美国应尽早摒弃“长臂管辖”（钟声）

February 9, 2023

Wuxi rolls out China’s first IoV development promotion regulations

On Saturday, the city of Wuxi, near Shanghai, announced China’s first regulations to promote the development of the Internet of Vehicles (IoV). Some context: China is working hard to accelerate the deployment of intelligent and connected vehicles (ICVs). Developing the IoV is part of this effort. B…

On Saturday, the city of Wuxi, near Shanghai, announced China’s first regulations to promote the development of the Internet of Vehicles (IoV).
Some context: China is working hard to accelerate the deployment of intelligent and connected vehicles (ICVs). Developing the IoV is part of this effort.

B...

sources

Gov.cn: 无锡市车联网发展促进条例

21st Century Biz: “双智”试点初见成效：“两率一感”需要提升

China News: 国家级江苏（无锡）车联网先导区展示中心启用

February 9, 2023

Time value of mortgage

Over the past few weeks, numerous domestic media outlets have reported a spike in early mortgage repayment applications across China. Buyers who took out loans over the last few years may feel they got a raw deal: Mortgage rates on first-home purchases are hovering near record lows (well under 4%),…

Over the past few weeks, numerous domestic media outlets have reported a spike in early mortgage repayment applications across China.
Buyers who took out loans over the last few years may feel they got a raw deal:

Mortgage rates on first-home purchases are hovering near record lows (well under 4%),...

sources

Securities Times: “提前还贷”上热搜！专家最新解读

February 9, 2023

Just a little…

Cities are unwinding measures aimed at preventing property speculation. On Monday, the Wuhan municipal government said that it will allow residents to buy an additional home in areas where there are currently purchasing caps. The change was part of a broad suite of measures designed to boost the lo…

Cities are unwinding measures aimed at preventing property speculation.
On Monday, the Wuhan municipal government said that it will allow residents to buy an additional home in areas where there are currently purchasing caps.

The change was part of a broad suite of measures designed to boost the lo...

sources

Wuhan Gov: 市人民政府印发关于激发市场主体活力推动经济高质量发展政策措施的通知

February 9, 2023

Back on-the-plan

Provincial governments are encouraging developers to shift away from housing presales. On Wednesday, Yicai reported that the Henan, Anhui, and Sichuan provincial governments will launch trials under which developers will sell housing upon completion. In Henan, the trial will be in the cities of Zhe…

Provincial governments are encouraging developers to shift away from housing presales.
On Wednesday, Yicai reported that the Henan, Anhui, and Sichuan provincial governments will launch trials under which developers will sell housing upon completion.

In Henan, the trial will be in the cities of Zhe...

sources

Yicai: 现房销售提速，多省推进试点，业内预计重点城市将加入

February 8, 2023

Made in China 2.0

Beijing just laid out a roadmap to improve product quality and boost Chinese brands. On Monday, the Party Central Committee and State Council issued the “Outline to Build a Country Strong in Quality,” which aims to upgrade the quality of products, projects, and services. Bigger picture: These new gu…

Beijing just laid out a roadmap to improve product quality and boost Chinese brands.
On Monday, the Party Central Committee and State Council issued the "Outline to Build a Country Strong in Quality," which aims to upgrade the quality of products, projects, and services.
Bigger picture: These new gu...

sources

Gov.cn: 中共中央国务院印发《质量强国建设纲要》

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