string(13) "markets-macro"

Macro

January 13, 2023

Keep the oil flowing

On Thursday, Xi Jinping exchanged congratulatory messages with Angolan President João Lourenço on the 40th anniversary of diplomatic relations. ICYDK: An “oil for infrastructure” scheme has long defined Sino-Angolan relations. Chinese policy banks are estimated to have lent Angola up to USD 43 bill… Username Password Remember Me Forgot Password

On Thursday, Xi Jinping exchanged congratulatory messages with Angolan President João Lourenço on the 40th anniversary of diplomatic relations.
ICYDK: An "oil for infrastructure" scheme has long defined Sino-Angolan relations.

Chinese policy banks are estimated to have lent Angola up to USD 43 bill...

sources

Xinhua: 习近平同安哥拉总统洛伦索就中安建交40周年互致贺电

January 13, 2023

A reliable, supportive friend for Africa

On Tuesday, new foreign minister Qin Gang pledged China’s friendship to Ethiopia. On Wednesday, still in Addis Ababa, Qin showcased Beijing’s support for the whole African continent when he attended the completion ceremony of the China-backed Africa Center for Disease Control and Prevention Headquar…

On Tuesday, new foreign minister Qin Gang pledged China’s friendship to Ethiopia.
On Wednesday, still in Addis Ababa, Qin showcased Beijing’s support for the whole African continent when he attended the completion ceremony of the China-backed Africa Center for Disease Control and Prevention Headquar...

sources

MoFA: Remarks by Foreign Minister Qin Gang at the Completion Ceremony for the China-aided Project of the Africa Center for Disease Control and Prevention Headquarters

January 13, 2023

On Our Radar | Double, double toil and trouble

The most important upcoming developments for policy and politics in China over the next month key developments politics Political fallout from first COVID wave (ongoing) Who will take over as Xi Jinping’s chief of staff? (now to mid-March) Xi’s Central Party School address (early February) econ an…

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

Political fallout from first COVID wave (ongoing)
Who will take over as Xi Jinping’s chief of staff? (now to mid-March)
Xi’s Central Party School address (early February)

econ an...

January 13, 2023

China’s tech platforms may never be fully cross-linked

It is 2023, and it is still impossible to open a Douyin link in WeChat. That’s what journos at Yicai highlighted in an article on Tuesday. ICYDK: One of the anti-competitive practices targeted in the tech crackdown was platforms blocking links to other platforms – with WeChat (owned by Tencent) co…

It is 2023, and it is still impossible to open a Douyin link in WeChat.

That’s what journos at Yicai highlighted in an article on Tuesday.

ICYDK: One of the anti-competitive practices targeted in the tech crackdown was platforms blocking links to other platforms – with WeChat (owned by Tencent) co...

sources

Yicai: 独家|互联互通工程持续一年微信切断抖音链接跳转路径

January 13, 2023

Exports slump

China’s General Administration of Customs released trade data for December on Friday. The headlines: Exports fell 9.9% y/y in dollar terms in December, compared with an 8.7% y/y fall in November. Imports dropped by 7.5% y/y last month, versus a 10.6% y/y fall in November. The trade surplus was USD …

China’s General Administration of Customs released trade data for December on Friday.
The headlines:

Exports fell 9.9% y/y in dollar terms in December, compared with an 8.7% y/y fall in November.
Imports dropped by 7.5% y/y last month, versus a 10.6% y/y fall in November.
The trade surplus was USD ...

sources

Bloomberg: China’s Exports Slump Further as Global Demand Drops Off

SCMP: China trade: exports, imports tumbled in December, but trade growth with Russia steady

January 13, 2023

How China semiconductor subsidies work

Last Friday, Jiangsu province announced a new semiconductor subsidy package. It follows from a two-year-old State Council directive to support the chip industry. Some context: In August 2020, the State Council called on local governments to support the chip industry with tax incentives and c…

Last Friday, Jiangsu province announced a new semiconductor subsidy package.

It follows from a two-year-old State Council directive to support the chip industry.

Some context: In August 2020, the State Council called on local governments to support the chip industry with tax incentives and c...

sources

Gov.cn: 关于进一步促进集成电路产业高质量发展的若干政策

January 13, 2023

Deep dive | Do new bank credit lines for developers signal the end of housing presales?

Chinese property developers’ key funding model looks to be undergoing a major overhaul. Specifically, recent regulatory moves indicate to us that officials are finally looking to dismantle the presales funding model that has sustained developers in recent years. If we’re right, it could signal a hu…

Chinese property developers’ key funding model looks to be undergoing a major overhaul.

Specifically, recent regulatory moves indicate to us that officials are finally looking to dismantle the presales funding model that has sustained developers in recent years.
If we’re right, it could signal a hu...

January 13, 2023

Ripping the heart out of ‘rip and replace’

On Wednesday, the FCC released funding updates for mobile carriers participating in its “Rip and Replace” program. Only USD 41 million – out of USD 1.9 billion funding allocated so far – has been paid out to affected carriers. Background: The Secure and Trusted Communications Network Act of 2019 p…

On Wednesday, the FCC released funding updates for mobile carriers participating in its “Rip and Replace” program.

Only USD 41 million - out of USD 1.9 billion funding allocated so far – has been paid out to affected carriers.

Background: The Secure and Trusted Communications Network Act of 2019 p...

sources

Fierce Wireless: CCA: Rip & replace report shows program ‘clearly floundering’

FCC: Supply Chain Reimbursement Program Report

January 13, 2023

The People’s Daily says don’t touch that dial

On Thursday, the Communist Party’s paper People’s Daily criticized streaming platforms for forcing consumers to purchase separate streaming plans for smart TVs and mobile devices. The op-ed follows weeks of intense consumer backlash against the practice. In part, People’s Daily is annoyed at the b…

On Thursday, the Communist Party’s paper People's Daily criticized streaming platforms for forcing consumers to purchase separate streaming plans for smart TVs and mobile devices.

The op-ed follows weeks of intense consumer backlash against the practice.

In part, People's Daily is annoyed at the b...

sources

People's Daily: 人民日报评电视会员收费乱象：一充再充、吃相难看、消耗信任

January 13, 2023

Three red lines v2.0

With property-sector deleveraging efforts far exceeding their goals, authorities are continuing to roll out moves to help high-quality developers. On Friday, Xinhua reported that regulators drafted a plan to steer the balance sheets of these developers to safety and “promote the smooth transition of…

With property-sector deleveraging efforts far exceeding their goals, authorities are continuing to roll out moves to help high-quality developers.
On Friday, Xinhua reported that regulators drafted a plan to steer the balance sheets of these developers to safety and “promote the smooth transition of...

sources

Xinhua: 金融部门开年推出新方案改善优质房企资产负债状况

January 13, 2023

Trail braking

New energy vehicles (NEVs) are gobbling up market share, but profits may stay pretty slim until at least H2 2023. On Thursday, the China Association of Automobile Manufacturers (CAAM) dropped its final batch of data for 2022, and offered some weighty comments on the 2023 outlook. There’s plenty to …

New energy vehicles (NEVs) are gobbling up market share, but profits may stay pretty slim until at least H2 2023.
On Thursday, the China Association of Automobile Manufacturers (CAAM) dropped its final batch of data for 2022, and offered some weighty comments on the 2023 outlook.
There's plenty to ...

sources

The Paper: 中汽协：下半年电池原材料价格将回落，产量不高车企降价可能性小

January 13, 2023

Sunshine for Fosun

It’s been a rough year for Fosun Group, one of China’s biggest and most heavily indebted private conglomerates. But things are finally looking up. On Thursday, Caixin reported that Fosun’s main unit – Shanghai Fosun High Technology Group – had obtained a RMB 12 billion line of credit from a syndicat…

It’s been a rough year for Fosun Group, one of China's biggest and most heavily indebted private conglomerates. But things are finally looking up.
On Thursday, Caixin reported that Fosun’s main unit – Shanghai Fosun High Technology Group – had obtained a RMB 12 billion line of credit from a syndicat...

sources

Caixin: 独家|复星获中资银团120亿元贷款

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