string(13) "markets-macro"

Macro

May 21, 2025

Beijing pledges USD 500 million in additional funding for World Health Organization

China is set to replace the US as the largest state funder of the World Health Organization (WHO). On Tuesday, Vice Premier Liu Guozhong pledged an “additional” USD 500 million to fund the WHO over the next five years. ICYMI: In January, US President Trump announced the US would withdraw from the W… Username Password… Read More »

China is set to replace the US as the largest state funder of the World Health Organization (WHO).
On Tuesday, Vice Premier Liu Guozhong pledged an "additional" USD 500 million to fund the WHO over the next five years.
ICYMI: In January, US President Trump announced the US would withdraw from the W...

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Reuters: China to give $500 million to WHO in next 5 years, official says

Health Policy Watch: Presidents and Prime Ministers Celebrate the Passing of the Pandemic Agreement

Health Policy Watch: Nations Approve WHO Membership Fee Increase as US Exit Squeezes Budget

NPR: For the first time, the U.S. is absent from WHO's annual assembly. What's the impact?

May 21, 2025

China warns companies against cooperating with US sanctions

Beijing will punish companies that cooperate with US sanctions against Huawei. Some context: On May 13, the US Commerce Department’s Bureau of Industry and Security (BIS) issued non-binding guidance stating that using Huawei Ascend chips anywhere in the world may violate US export controls…

Beijing will punish companies that cooperate with US sanctions against Huawei.
Some context: On May 13, the US Commerce Department's Bureau of Industry and Security (BIS) issued non-binding guidance stating that using Huawei Ascend chips anywhere in the world may violate US export controls...

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MofCom: 商务部新闻发言人就美国企图全球禁用中国先进计算芯片发表谈话

May 21, 2025

Mainland conducts drills following Lai Ching-te’s speech

On Tuesday, Taiwanese leader Lai Ching-te delivered a speech on the first anniversary of his inauguration. Some context: Beijing was none to pleased with his first inaugural speech, which criticised China’s “military actions and grey-zone coercion.” This year, Lai raised eyebrows by not directly men…

On Tuesday, Taiwanese leader Lai Ching-te delivered a speech on the first anniversary of his inauguration.
Some context: Beijing was none to pleased with his first inaugural speech, which criticised China's “military actions and grey-zone coercion.”
This year, Lai raised eyebrows by not directly men...

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Taiwan President's Office: 總統發表執政周年談話　盼面對未來挑戰　堅持團結　迎風轉型　穩健前行

Reuters: Taiwan president pledges peace with China but says island must strengthen defences

Global Times: Mainland comments on Taiwan leader's speeches involving cross-Straits relations as duplicity doomed to failure

SCMP: PLA conducts amphibious landing drill in strait as Taiwanese leader marks first year

May 21, 2025

The Party wants your ideas on the next FYP

Drafting for the next Five-Year Plan is kicking in to high gear. On Monday, Xinhua and other major state media launched a campaign to solicit public input on the drafting of the 15th Five-Year Plan (FYP). Some context: Every five years, China’s leadership adopts a national plan for economic and soci…

Drafting for the next Five-Year Plan is kicking in to high gear.
On Monday, Xinhua and other major state media launched a campaign to solicit public input on the drafting of the 15th Five-Year Plan (FYP).
Some context: Every five years, China’s leadership adopts a national plan for economic and soci...

sources

Xinhua: 我为“十五五”规划献一策

People's Daily: 习近平对“十五五”规划编制工作作出重要指示强调坚持科学决策民主决策依法决策高质量完成“十五五”规划编制工作

May 20, 2025

Bank confirmation systems to be localized

What happened: The Ministry of Finance (MoF) is launching a new push to upgrade national financial auditing tools, with the release of a new policy on digitizing the bank confirmation system. ICYDK: “Bank confirmation” is an evidence collection procedure used during audits where the auditor sends a …

What happened: The Ministry of Finance (MoF) is launching a new push to upgrade national financial auditing tools, with the release of a new policy on digitizing the bank confirmation system.
ICYDK: "Bank confirmation" is an evidence collection procedure used during audits where the auditor sends a ...

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Gov.cn: 关于加快推动银行函证数字化发展的通知

May 20, 2025

MIIT moves to boost the sci-tech services industry

What happened: On May 19, the industrial ministry (MIIT) and eight other bodies issued high-level policy guidance on accelerating the development of the science and technology services industry. ICYDK: The sci-tech services industry comprises a diverse collection of businesses, including: Contract …

What happened: On May 19, the industrial ministry (MIIT) and eight other bodies issued high-level policy guidance on accelerating the development of the science and technology services industry.
ICYDK: The sci-tech services industry comprises a diverse collection of businesses, including:

Contract ...

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MIIT: 工业和信息化部等九部门印发《关于加快推进科技服务业高质量发展的实施意见》

May 20, 2025

NEVs post best-ever export growth in April, offsetting ICE decline

China’s new energy vehicle (NEV) exports just posted their best month by a long shot. According to the China Passenger Car Association’s latest data, in April, China exported: Just over 234,000 gas-powered passenger vehicles, down over 22% y/y Just under 189,000 passenger NEVs, up a whopping 64% y/…

China's new energy vehicle (NEV) exports just posted their best month by a long shot.
According to the China Passenger Car Association's latest data, in April, China exported:

Just over 234,000 gas-powered passenger vehicles, down over 22% y/y
Just under 189,000 passenger NEVs, up a whopping 64% y/...

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CADA: 2025年4月份全国乘用车市场分析

May 20, 2025

MoHURD newspaper shoots down presale ban speculation

Authorities aren’t about to abolish housing presales outright. That’s the verdict from China Real Estate Business, a newspaper managed by the housing ministry (MoHURD). ICYMI: On May 8, Bloomberg reported that Beijing is formulating a plan to prohibit presales for future housing projects – setting…

Authorities aren't about to abolish housing presales outright.

That’s the verdict from China Real Estate Business, a newspaper managed by the housing ministry (MoHURD).

ICYMI: On May 8, Bloomberg reported that Beijing is formulating a plan to prohibit presales for future housing projects – setting...

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China Real Estate Business: 不要慌！现房销售不搞“一刀切”，楼市继续着力稳信心稳预期

China Real Estate Business: 发展是奔着问题去的要分清轻重缓急丨社评

Wallstreet.cn: 住建部主管媒体：从目前房地产市场形势看，全面推行现房销售时机并不成熟

May 20, 2025

CATL looks to dominate China’s NEV battery swapping ecosystem with latest heavy-duty truck offering

On Sunday, CATL unveiled its new standardized battery to support heavy-duty truck (HDT) battery swapping (BS). The move follows CATL’s ambitious recent expansion into passenger vehicle BS. Some context: China’s HDT fleet constitutes less than 4% of total road vehicle numbers but contributes a stag…

On Sunday, CATL unveiled its new standardized battery to support heavy-duty truck (HDT) battery swapping (BS).

The move follows CATL’s ambitious recent expansion into passenger vehicle BS.

Some context: China’s HDT fleet constitutes less than 4% of total road vehicle numbers but contributes a stag...

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Caixin: 宁德时代看好重卡加速电动化推出新一代换电方案

May 20, 2025

Property sector pain deepens, once again, in April

Stop us if you’ve heard this one before: China’s property sector continues to struggle. According to the latest stats bureau (NBS) data, in April, new home sales by floor space fell 2.4% y/y, a deepening decline from March’s 0.6% fall. Sales fell more sharply in value terms, down 6.6% y/y, reflecti…

Stop us if you've heard this one before: China’s property sector continues to struggle.
According to the latest stats bureau (NBS) data, in April, new home sales by floor space fell 2.4% y/y, a deepening decline from March’s 0.6% fall.

Sales fell more sharply in value terms, down 6.6% y/y, reflecti...

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NBS: 2025年1—4月份全国房地产市场基本情况

May 20, 2025

Private sector experiences sluggish wage growth in critical industries

Private sector wage growth is falling behind the public sector in some of China’s most important industries. Per the stats bureau’s (NBS) 2024 Urban Employment Wage Report, published on Friday: Real private sector wages grew 4% y/y in 2024 Wages at state-owned enterprises (SOEs) only grew 2.6% y/y …

Private sector wage growth is falling behind the public sector in some of China’s most important industries.
Per the stats bureau’s (NBS) 2024 Urban Employment Wage Report, published on Friday:

Real private sector wages grew 4% y/y in 2024
Wages at state-owned enterprises (SOEs) only grew 2.6% y/y
...

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Gov.cn: 中共中央国务院印发党政机关厉行节约反对浪费条例

May 20, 2025

China warns US that Huawei chip controls could derail trade talks

China’s Ministry of Commerce (MofCom) just warned the US not to screw up ongoing trade talks. Some context: On May 13, the US Bureau of Industry and Security (BIS) issued non-binding guidance stating that using Huawei Ascend chips anywhere in the world may violate US export controls. That mea…

China’s Ministry of Commerce (MofCom) just warned the US not to screw up ongoing trade talks.
Some context: On May 13, the US Bureau of Industry and Security (BIS) issued non-binding guidance stating that using Huawei Ascend chips anywhere in the world may violate US export controls.

That mea...

sources

MofCom: 商务部新闻发言人就美国商务部调整芯片出口管制有关表述答记者问

BIS: Department of Commerce Rescinds Biden-Era Artificial Intelligence Diffusion Rule, Strengthens Chip-Related Export Controls

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