string(13) "markets-macro"

Macro

January 12, 2023

Flash talk | COVID, property, and consumer confidence: The keys to China’s 2023 economic trajectory

2022 was annus horribilis for China’s economy, but Beijing is trying to turn things around in 2023. In this flash talk, Trivium Partner Andrew Polk, and our new Director of Markets Research Dinny McMahon discuss what Beijing’s recent moves to drop zero-COVID, support the property sector, and revive … Username Password Remember Me … Read More »

2022 was annus horribilis for China’s economy, but Beijing is trying to turn things around in 2023. In this flash talk, Trivium Partner Andrew Polk, and our new Director of Markets Research Dinny McMahon discuss what Beijing's recent moves to drop zero-COVID, support the property sector, and revive ...

January 12, 2023

Wanna swap?

China just took another tiny step in its pursuit of RMB internationalization. The latest: On Sunday, Reuters reported that Argentina and China have expanded their bilateral currency swap agreement. The deets: Under earlier agreements, China swapped RMB 130 billion for Argentine pesos (Global Time…

China just took another tiny step in its pursuit of RMB internationalization.
The latest: On Sunday, Reuters reported that Argentina and China have expanded their bilateral currency swap agreement.
The deets: Under earlier agreements, China swapped RMB 130 billion for Argentine pesos (Global Time...

sources

Reuters: Argentina and China formalize currency swap deal

Global Times: China, Argentina expand currency swap scale as closer economic ties boost yuan’s use in Latin America

January 12, 2023

Target selected

After a bleak year for GDP growth, it appears China’s provinces expect a return to normal in 2023. On Wednesday, the local financial press published three provinces’ 2023 GDP growth targets. Some context: In the run-up to the National People’s Congress in March, provinces are hosting their own congr…

After a bleak year for GDP growth, it appears China’s provinces expect a return to normal in 2023.
On Wednesday, the local financial press published three provinces' 2023 GDP growth targets.
Some context: In the run-up to the National People’s Congress in March, provinces are hosting their own congr...

sources

The Paper: 江西：今年GDP目标增长7％左右，力促经济回归潜在增长水平

The Paper: 四川：今年GDP目标增长6%左右，确保总量突破6万亿元

Caixin: 2022年上海GDP增速预计为3% 明确2023年5.5%以上增长目标

January 12, 2023

Keeping the wheels on the tracks

Beijing is focused on boosting growth in 2023, and the industry ministry (MIIT) is signaling that it will do its part. Speaking at the National Industry and Information Technology Work Conference on Wednesday, MIIT Minister Jin Zhuanglong said the agency is working to: Stabilize “key industries” – …

Beijing is focused on boosting growth in 2023, and the industry ministry (MIIT) is signaling that it will do its part.
Speaking at the National Industry and Information Technology Work Conference on Wednesday, MIIT Minister Jin Zhuanglong said the agency is working to:

Stabilize "key industries" – ...

sources

Xinhua: 工信部部署系列举措全力促进工业经济平稳增长

January 12, 2023

TikTok goes to Brussels

On Tuesday, TikTok’s CEO, Shou Zi Chew, sat down with the EU Commission in Brussels. The topic: Whether or not TikTok is protecting the data of EU users and complying with EU data laws. Background: TikTok has been struggling to convince US policymakers that US user data won’t end up in the hands of…

On Tuesday, TikTok’s CEO, Shou Zi Chew, sat down with the EU Commission in Brussels.
The topic: Whether or not TikTok is protecting the data of EU users and complying with EU data laws.
Background: TikTok has been struggling to convince US policymakers that US user data won't end up in the hands of...

sources

SCMP: TikTok boss meets EU officials as Western scrutiny intensifies

European Commission: #readout meeting of @VeraJourova with #TikTok CEO Shou Zi Chew | 10/01/2023

January 11, 2023

Financiers sans frontières

Financial regulators want to boost the RMB’s international stature. On Wednesday, the central bank (PBoC) and the Ministry of Commerce (MofCom) co-issued a notice on expanding RMB use in cross-border trade and investment – a critical step in Beijing’s RMB internationalization push. The PBoC and MofC…

Financial regulators want to boost the RMB’s international stature.
On Wednesday, the central bank (PBoC) and the Ministry of Commerce (MofCom) co-issued a notice on expanding RMB use in cross-border trade and investment – a critical step in Beijing’s RMB internationalization push.
The PBoC and MofC...

sources

PBoC: 商务部中国人民银行联合印发《关于进一步支持外经贸企业扩大人民币跨境使用促进贸易投资便利化的通知》

SWIFT: RMB Tracker document centre

January 11, 2023

COVID experts predict imminent second wave

The first national COVID wave might not have finished yet, but many local governments are already bracing for the next one. In recent days, local authorities – including Shaoxing (Zhejiang province), Zhangzhou (Fujian), and Jinan (Shandong) – have issued warnings that a second COVID wave could hit a…

The first national COVID wave might not have finished yet, but many local governments are already bracing for the next one.
In recent days, local authorities – including Shaoxing (Zhejiang province), Zhangzhou (Fujian), and Jinan (Shandong) – have issued warnings that a second COVID wave could hit a...

sources

Sina: 多地发提醒！第二波感染小高峰时间在这几天

cls.cn: 梁万年：通过春节的流动引起比较大的第二波或第三波概率比较小

January 11, 2023

From Shanxi to Shandong

Another technocrat has taken the reins of Shandong province. On December 29, Lin Wu, the Party’s former top dog in Shanxi province, was announced as Shandong Party secretary. Lin takes on the post vacated by fellow technocrat Li Ganjie, who was promoted to the Politburo in October – and is odds-on …

Another technocrat has taken the reins of Shandong province.
On December 29, Lin Wu, the Party's former top dog in Shanxi province, was announced as Shandong Party secretary.

Lin takes on the post vacated by fellow technocrat Li Ganjie, who was promoted to the Politburo in October – and is odds-on ...

sources

Xinhua: 山东省委主要负责同志职务调整林武任山东省委书记

Xinhua: 山东省委书记林武在青岛调研

January 11, 2023

Hey! Teacher! Leave those kids alone

On Monday, a group of prominent economists and demographers published a report calling for major educational reforms to save parents time and money – and boost China’s flagging fertility. The recs included (WeChat): Boosting public and private investment in nursery schools to ease childcare burdens…

On Monday, a group of prominent economists and demographers published a report calling for major educational reforms to save parents time and money – and boost China's flagging fertility.
The recs included (WeChat):

Boosting public and private investment in nursery schools to ease childcare burdens...

sources

WeChat: 中国教育和人口报告2022版学前和基础教育篇

CNstock: 梁建章发布中国教育和人口报告：建议缩短中小学学制

January 11, 2023

Run for cover

Beijing’s relentless graft-busters are hunting new targets. On Tuesday, the Party’s anti-corruption watchdog (CCDI) concluded its two-day annual plenary session, hashing out its priorities for the year (Xinhua). As is customary, Xi Jinping and his Politburo Standing Committee chums attended the ple…

Beijing’s relentless graft-busters are hunting new targets.
On Tuesday, the Party's anti-corruption watchdog (CCDI) concluded its two-day annual plenary session, hashing out its priorities for the year (Xinhua).

As is customary, Xi Jinping and his Politburo Standing Committee chums attended the ple...

sources

Xinhua: （受权发布）中国共产党第二十届中央纪律检查委员会第二次全体会议公报

January 11, 2023

The NRTA says make way for talent

On Tuesday, China’s National Radio and Television Administration (NRTA) released its 14th Five-Year Plan (FYP) on talent development for the audio-visual (AV) industry. Background: As the dissemination of television and multimedia content becomes an ever-more high-tech affair, the AV industry has be…

On Tuesday, China’s National Radio and Television Administration (NRTA) released its 14th Five-Year Plan (FYP) on talent development for the audio-visual (AV) industry.
Background: As the dissemination of television and multimedia content becomes an ever-more high-tech affair, the AV industry has be...

sources

NRTA: 全国广播电视和网络视听“十四五”人才发展规划

January 11, 2023

What’s the “killer application” of autonomous driving?

The roadblocks to full deployment of intelligent and connected vehicles (ICVs) remain numerous, according to a white paper published Saturday by CAICT, a state-backed ICT think tank. Some context: China, alongside the US and Europe, is at the cutting-edge of smart car development. Advancing its pos…

The roadblocks to full deployment of intelligent and connected vehicles (ICVs) remain numerous, according to a white paper published Saturday by CAICT, a state-backed ICT think tank.
Some context: China, alongside the US and Europe, is at the cutting-edge of smart car development.

Advancing its pos...

sources

CAICT: 车联网白皮书 (2022 年)

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