string(13) "markets-macro"

Macro

December 9, 2022

Consumer price growth decelerates further

China’s stats bureau released monthly inflation data for November on Friday. The headlines: The consumer price index (CPI) rose 1.6% y/y in November, down from 2.1% in October. The producer price index (PPI) fell 1.3% y/y in November, the same rate of decline as in October. Consumer price growth h… Username Password Remember Me … Read More »

China’s stats bureau released monthly inflation data for November on Friday.
The headlines:

The consumer price index (CPI) rose 1.6% y/y in November, down from 2.1% in October.
The producer price index (PPI) fell 1.3% y/y in November, the same rate of decline as in October.

Consumer price growth h...

sources

NBS: 国家统计局城市司首席统计师董莉娟解读2022年11月份CPI和PPI数据

Bloomberg: China’s Muted Inflation Leaves Room for Policy Stimulus

December 9, 2022

Chinese industrial blockchain going regional

Last month, China and Malaysia inked an agreement to build the first international node of the Xinghuo Chain network, a key state-backed blockchain project. Background: Xinghuo, overseen by gov-affiliated think tank CAICT, is China’s key blockchain for industrial and trade applications. Up until …

Last month, China and Malaysia inked an agreement to build the first international node of the Xinghuo Chain network, a key state-backed blockchain project.
Background: Xinghuo, overseen by gov-affiliated think tank CAICT, is China's key blockchain for industrial and trade applications.

Up until ...

sources

Internet Society of China: “星火·链网”首个国际超级节点落地马来西亚，构筑中国－东盟经贸合作可信数字底座

December 9, 2022

We owe you one, Terry?

On Thursday, the Wall Street Journal reported that a letter from Foxconn founder Terry Gou helped convince Party leaders to end China’s zero-Covid policy. ICYDK: Foxconn – which singlehandedly makes up 60% of Henan’s economy – has been one of the largest and hardest-hit companies under zero-Covid. …

On Thursday, the Wall Street Journal reported that a letter from Foxconn founder Terry Gou helped convince Party leaders to end China's zero-Covid policy.
ICYDK: Foxconn - which singlehandedly makes up 60% of Henan's economy - has been one of the largest and hardest-hit companies under zero-Covid. ...

sources

WSJ: Letter From Top Apple Supplier Foxconn Prodded China to Ease Zero-Covid Rules

December 9, 2022

Light speed as a service

On Thursday, at the 2022 China Computer Conference, head of Pengcheng Laboratory Gao Wen discussed some of the challenges China is facing in building out its national computing power network. Pengcheng is responsible for some of the key R&D behind the project. Background: The National Unified …

On Thursday, at the 2022 China Computer Conference, head of Pengcheng Laboratory Gao Wen discussed some of the challenges China is facing in building out its national computing power network.

Pengcheng is responsible for some of the key R&D behind the project.

Background: The National Unified ...

sources

ST Daily: 多院士2022年中国计算机年会热议“算力网络”

December 9, 2022

Going American

It looks like the US is getting its way with the Netherlands. On Thursday, Bloomberg reported that the Dutch government may announce plans to align its trade rules with US export controls on Chinese chip companies. The announcement could come as soon as January. Why it matters: Dutch semicon…

It looks like the US is getting its way with the Netherlands.
On Thursday, Bloomberg reported that the Dutch government may announce plans to align its trade rules with US export controls on Chinese chip companies.

The announcement could come as soon as January.

Why it matters: Dutch semicon...

sources

Bloomberg: Netherlands Plans Curbs on China Tech Exports in Deal With US

December 9, 2022

Insurers to the rescue

When markets get volatile, Beijing just can’t help itself. On Thursday, Bloomberg reported that regulators have asked insurance companies to buy bonds being offloaded by banks’ wealth management units as their customers ditch fixed-income investment products. Authorities want to prevent further …

When markets get volatile, Beijing just can't help itself.
On Thursday, Bloomberg reported that regulators have asked insurance companies to buy bonds being offloaded by banks' wealth management units as their customers ditch fixed-income investment products.

Authorities want to prevent further ...

sources

Bloomberg: China Asks Insurers to Buy Bonds as Retail Investors Pull Back

December 9, 2022

More pivoting for property?

Beijing might finally be getting serious about reviving housing demand. On Thursday, Bloomberg provided some insight into what we can expect from the upcoming Central Economic Work Conference (CEWC), based on comments from unnamed sources. The meeting may decide to: Further relax property-sector …

Beijing might finally be getting serious about reviving housing demand.
On Thursday, Bloomberg provided some insight into what we can expect from the upcoming Central Economic Work Conference (CEWC), based on comments from unnamed sources.
The meeting may decide to:

Further relax property-sector ...

sources

Bloomberg: China Mulls More Property Easing at Economic Meeting Next Week

December 9, 2022

NEVs save the day

It’s been a roller coaster year for China’s auto sector. On Thursday, the China Passenger Car Association (CPCA) reported that domestic sales dropped 10.5% m/m in November – the first decline in six months. Unit sales were 1.649 million On a y/y basis, that’s a drop of 9.2% Combustion engine car…

It's been a roller coaster year for China's auto sector.
On Thursday, the China Passenger Car Association (CPCA) reported that domestic sales dropped 10.5% m/m in November – the first decline in six months.

Unit sales were 1.649 million
On a y/y basis, that's a drop of 9.2%
Combustion engine car...

sources

The Paper: 乘联会：明年上半年新能源车市或有低迷，预计全年销量840万辆

Global Times: China extends purchase-tax waiver for NEVs to end-2023 to support sector's growth

December 9, 2022

Aww, REIT, REIT, REIT…

Real estate investment trusts (REITs) are becoming China’s sexiest new investment vehicle. On Thursday, Li Chao, a vice chairman of the securities regulator (CSRC), pumped up the volume at the annual China REITs Forum. Li framed REITs in downright epic terms (CSRC): “In the new era, the REITs marke…

Real estate investment trusts (REITs) are becoming China’s sexiest new investment vehicle.
On Thursday, Li Chao, a vice chairman of the securities regulator (CSRC), pumped up the volume at the annual China REITs Forum.
Li framed REITs in downright epic terms (CSRC):

“In the new era, the REITs marke...

sources

CSRC: 李超副主席在首届长三角REITs论坛暨中国REITs论坛2022年会上的视频致辞

December 9, 2022

More nerds in nature

On Wednesday, the Ministries of Natural Resources (MNR) and Science and Technology (MoST) published their 14th Five-Year Plan (FYP) to popularize scitech in the natural resources industry. Some context: In August, MoST published its FYP to popularize science and technology in general. The idea was …

On Wednesday, the Ministries of Natural Resources (MNR) and Science and Technology (MoST) published their 14th Five-Year Plan (FYP) to popularize scitech in the natural resources industry.
Some context: In August, MoST published its FYP to popularize science and technology in general.

The idea was ...

sources

Gov.cn: 自然资源部办公厅科学技术部办公厅关于印发《自然资源科学技术普及“十四五”工作方案》的通知

December 9, 2022

Digital government needs to figure out its relationship with digital enterprise

Yesterday, the state-affiliated think tank CAICT published a report on the use of digital technology in government. Background: Bringing governance into the digital future is a major goal for Chinese policymakers. They’ve been working on it for years – and it had its own 14th Five-Year Plan in Janu…

They’ve been working on it for years - and it had its own 14th Five-Year Plan in Janu...

sources

CAICT: 数字时代治理现代化研究报告——运用数字技术进行政府治理的经验、挑战及应对（2022年）

December 8, 2022

Let’s make some deals

As Beijing dismantles the COVID bubble that has isolated China for three years, economic powerhouse provinces are pushing local businesses to fly off and grab orders overseas. Some context: Exports fell in recent months thanks to sluggish foreign demand and COVID-related disruptions, with November r…

As Beijing dismantles the COVID bubble that has isolated China for three years, economic powerhouse provinces are pushing local businesses to fly off and grab orders overseas.
Some context: Exports fell in recent months thanks to sluggish foreign demand and COVID-related disruptions, with November r...

sources

STCN: 全力拼经济！浙江霸气刷屏：1万家企业，政府组团包机出海“抢订单”！广东、四川也有大动作…

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162