string(13) "markets-macro"

Macro

February 7, 2023

YMTC’s in the hot seat

China’s best NAND memory maker YMTC is in a PR crisis. On Friday, Caixin confirmed a recent rumor on Zhihu that YMTC has been kicking terminated employees out of their company-subsidized apartments since mid-January. Caixin’s Chinese report has already been deleted. Layoffs are not unc… Username Password Remember Me Forgot Password

Caixin’s Chinese report has already been deleted.

Layoffs are not unc...

sources

Caixin: Yangtze Memory Kicks Terminated Workers Out of Apartments

Caixin: 长江存储裁员进行时福利房补偿方案引争议

Zhihu: 如何看待长江存储（半导体集成电路技术开发企业）2023年1月集中裁员?

February 6, 2023

The chips must flow

China wants domestic chip deals to go off without a hitch. On Saturday, Chinese media reported the official launch of the International Trading Center for Electronic Components and Integrated Circuits, based in Shenzhen. Background: Wholesale distributors play a critical role in China’s low-end inte…

China wants domestic chip deals to go off without a hitch.
On Saturday, Chinese media reported the official launch of the International Trading Center for Electronic Components and Integrated Circuits, based in Shenzhen.
Background: Wholesale distributors play a critical role in China’s low-end inte...

sources

STDaily: 电子元器件和集成电路国际交易中心正式揭牌

Shenzhen Special Zone News: 电子元器件和集成电路国际交易中心揭牌

Shenzhen SlkorMicro Semiconductor: 电子元器件分销行业发展现状及技术水平利润趋势机会挑战重点企业

Shenzhen Finance: 中央再赋深圳新使命，放宽市场准入特别措施来了！

February 6, 2023

Surveilling Sino-Iranian tech

On Sunday, WSJ reported that US officials are considering sanctions against Chinese surveillance companies over equipment sales to Iran. Tiandy, China’s fourth-largest surveillance company, and Zhejiang Uniview are under investigation. Background: The US Commerce Department’s Bureau of Industry an…

On Sunday, WSJ reported that US officials are considering sanctions against Chinese surveillance companies over equipment sales to Iran.

Tiandy, China's fourth-largest surveillance company, and Zhejiang Uniview are under investigation.

Background: The US Commerce Department's Bureau of Industry an...

sources

WSJ: U.S. Weighs Sanctions for Chinese Companies Over Iran Surveillance Buildup

BIS: Additions and Revisions to the Entity List and Conforming Removal from the Unverified List

February 6, 2023

A bad year for internet companies

On Friday, the Ministry of Industry and Information Technology (MIIT) dropped its monthly financial stats for the internet sector. Prognosis: 2022 was (obviously) a bad year for internet companies. In 2022, revenue for the entire industry contracted by 1.1%, compared with 21.2% growth i…

On Friday, the Ministry of Industry and Information Technology (MIIT) dropped its monthly financial stats for the internet sector.
Prognosis: 2022 was (obviously) a bad year for internet companies.

In 2022, revenue for the entire industry contracted by 1.1%, compared with 21.2% growth i...

sources

MIIT: 2022年我国规上互联网企业利润总额保持增长研发经费规模加快增长

February 6, 2023

The next big step in NEV promotion

On Friday, the industrial ministry (MIIT), macro planner (NDRC), and six other ministries released a joint pilot policy calling for the “comprehensive electrification” of public sector vehicles. Some context: The policy is part of China’s 15-year plan to build up the new energy vehicle (NEV) industr…

On Friday, the industrial ministry (MIIT), macro planner (NDRC), and six other ministries released a joint pilot policy calling for the “comprehensive electrification” of public sector vehicles.
Some context: The policy is part of China’s 15-year plan to build up the new energy vehicle (NEV) industr...

sources

Gov.cn: 工业和信息化部等八部门关于组织开展公共领域车辆全面电动化先行区试点工作的通知

Gov.cn: 国务院办公厅关于印发新能源汽车产业发展规划（2021—2035年）的通知

February 6, 2023

India bans Chinese gambling and lending apps

On Sunday, India’s Ministry of Electronics and Information Technology (MeitY) announced forthcoming bans on 138 gambling apps and 94 lending apps with ties to Chinese nationals. Background: In September, we told you how India was moving to ban fraudulent gambling and lending apps, run or created by …

On Sunday, India's Ministry of Electronics and Information Technology (MeitY) announced forthcoming bans on 138 gambling apps and 94 lending apps with ties to Chinese nationals.
Background: In September, we told you how India was moving to ban fraudulent gambling and lending apps, run or created by ...

sources

Source: Centre to ban 138 betting apps, 94 loan lending apps with Chinese links

SCMP: India to ban Chinese-linked betting and lending app amid security fears

February 4, 2023

Deep Dive | Real estate holds the key to 2023

Exec sum: The better-than-expected econ data for December has raised the prospect of a far shorter period of economic disruption from China’s messy exit from zero-COVID than most expected. Consequently, the focus is shifting from how long it will take the economy to reach this point of recover…

Exec sum:

The better-than-expected econ data for December has raised the prospect of a far shorter period of economic disruption from China’s messy exit from zero-COVID than most expected. Consequently, the focus is shifting from how long it will take the economy to reach this point of recover...

Download PDF

February 3, 2023

From zero-COVID to mass COVID

Following Beijing’s dramatic and sudden U-turn on the zero-COVID policy and the initial wave of nationwide infections, life has largely returned to normal in China. Defying expectations, the Lunar New Year (LNY) travel season did not trigger another spike in infections in urban or rural regions. T…

Following Beijing's dramatic and sudden U-turn on the zero-COVID policy and the initial wave of nationwide infections, life has largely returned to normal in China.

Defying expectations, the Lunar New Year (LNY) travel season did not trigger another spike in infections in urban or rural regions.

T...

February 3, 2023

Knocking out corruption

Who says Beijing’s fun police don’t allow great TV? In a land infamous for censorship, the hottest TV drama explores murder, meth dealing, criminal gangs – and corrupt officials. The Knockout is a Party-supervised series about a fictional police officer’s 20-year battle against local mobs and collud…

Who says Beijing's fun police don't allow great TV?
In a land infamous for censorship, the hottest TV drama explores murder, meth dealing, criminal gangs – and corrupt officials.
The Knockout is a Party-supervised series about a fictional police officer's 20-year battle against local mobs and collud...

sources

Sixth Tone: Chinese TV Drama Sheds Light on Anti-Corruption

Douban: 狂飙 (2023)

The Paper: 2023刚开始，爆款就诞生了？数据解读《狂飙》

STCN: 开年大剧《狂飙》收官，这些公司“赢麻了”

163.com: 《狂飙》导演揭秘：高启强原型到底是谁

February 3, 2023

No longer a retirement post

All 31 mainland provinces have concluded their local Two Sessions – the meetings of provincial legislatures and advisory bodies – and “elected” new lineups of local government leaders. The national Two Sessions kick off in Beijing on March 4. The reshuffled political advisory bodies (CPPCC) caugh…

All 31 mainland provinces have concluded their local Two Sessions – the meetings of provincial legislatures and advisory bodies – and “elected” new lineups of local government leaders.

The national Two Sessions kick off in Beijing on March 4.

The reshuffled political advisory bodies (CPPCC) caugh...

sources

Caixin: 1月人事综述：省级“两会“落幕”三套班子“换届完成

rmzxb.com.cn: 省级政协主席交流任职渐成常态，这几个变化注意到了吗？

February 3, 2023

My EUV lithographs come from far away

On Thursday, Chinese Foreign Minister Qin Gang held a call with his Japanese counterpart Hayashi Yoshimasa. ICYMI: Earlier this week, Japan and the Netherlands signed on to the Biden administration’s efforts to prevent the sale of advanced chipmaking equipment to China. Qin duly called his Dutch co…

On Thursday, Chinese Foreign Minister Qin Gang held a call with his Japanese counterpart Hayashi Yoshimasa.
ICYMI: Earlier this week, Japan and the Netherlands signed on to the Biden administration’s efforts to prevent the sale of advanced chipmaking equipment to China.

Qin duly called his Dutch co...

sources

MoFA: 秦刚同日本外相林芳正通电话

SCMP: Japan talks: China’s Qin Gang urges open tech ties, Taiwan caution in meeting with country’s top diplomat

February 3, 2023

There’s something here from somewhere else

On Thursday, the Pentagon reported that it had been tracking an alleged Chinese spy balloon floating above the plains of Montana. Talk about sinister! Here’s Press Secretary Brigadier General Pat Ryder (US Department of Defense): “The balloon is currently traveling at an altitude well above comme…

On Thursday, the Pentagon reported that it had been tracking an alleged Chinese spy balloon floating above the plains of Montana.

Talk about sinister!

Here’s Press Secretary Brigadier General Pat Ryder (US Department of Defense):

“The balloon is currently traveling at an altitude well above comme...

sources

US Department of Defense: DoD Statement on High-Altitude Surveillance Balloon

AP: Pentagon: Chinese spy balloon spotted over Western US

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162