string(13) "markets-macro"

Macro

February 11, 2025

Potential auto merger could kickstart next phase of industry competition

In a major industry shake-up, Beijing could merge two of China’s big four state-owned auto manufacturers: Changan and Dongfeng. On February 9, both companies issued notices of “reorganization…with other SOEs,” sparking speculation that the two companies plan to merge. Some context: Changan ranked … Username Password Remember Me Forgot Password

In a major industry shake-up, Beijing could merge two of China's big four state-owned auto manufacturers: Changan and Dongfeng.
On February 9, both companies issued notices of "reorganization...with other SOEs," sparking speculation that the two companies plan to merge.
Some context: Changan ranked ...

sources

The Paper: 东风牵手长安？东风系、兵装系上市公司同日公告：控股股东正与其他国资央企筹划重组

China Daily: Dongfeng, Changan revamp to give global edge to automakers

February 11, 2025

Trump announces blanket 25% tariff on steel and aluminum

Steel yourselves. More tariffs are coming. On Monday, US President Donald Trump announced a blanket 25% tariff on all steel and aluminum imports, to be collected “without exceptions or exemptions.” On the surface, Trump’s steel and aluminum tariffs won’t mean much to China, which accounts for only…

Steel yourselves.

More tariffs are coming.

On Monday, US President Donald Trump announced a blanket 25% tariff on all steel and aluminum imports, to be collected "without exceptions or exemptions."
On the surface, Trump’s steel and aluminum tariffs won’t mean much to China, which accounts for only...

sources

White House: Adjusting Imports of Steel into The United States

Reuters: Trump raises tariffs on aluminum, steel imports in latest trade war salvo

New York Times: China Is at the Heart of Trump Tariffs on Steel and Aluminum

February 11, 2025

State Council plans to support foreign investment

Monday’s State Council meeting deliberated a new plan to support foreign investment. Some context: Top leaders are serious about retaining foreign capital – this is the third consecutive year that the State Council has issued a dedicated policy to support foreign investment. Much of Monday’s plan fo…

Monday's State Council meeting deliberated a new plan to support foreign investment.
Some context: Top leaders are serious about retaining foreign capital – this is the third consecutive year that the State Council has issued a dedicated policy to support foreign investment.
Much of Monday's plan fo...

sources

Gov.cn: 李强主持召开国务院常务会议研究提振消费有关工作等

February 11, 2025

State Council pledges to boost household income in 2025

Stimulating consumption is a top policy priority. Premier Li Qiang reaffirmed this message during Monday’s State Council executive meeting, which focused on measures to increase consumption. To boost spending, the State Council said household incomes should be strengthened by: Promoting…

Stimulating consumption is a top policy priority.

Premier Li Qiang reaffirmed this message during Monday’s State Council executive meeting, which focused on measures to increase consumption.

To boost spending, the State Council said household incomes should be strengthened by:

Promoting...

sources

Gov.cn: 李强主持召开国务院常务会议研究提振消费有关工作等

February 11, 2025

National Development Planning Law moves forward

China’s government is codifying its economic planning process into law. Monday’s State Council executive meeting approved the first draft of the National Development Planning Law, submitting it to the legislature (NPCSC) for further deliberation. ICYDK: National development plans – including five-ye…

China's government is codifying its economic planning process into law.
Monday's State Council executive meeting approved the first draft of the National Development Planning Law, submitting it to the legislature (NPCSC) for further deliberation.
ICYDK: National development plans – including five-ye...

sources

Gov.cn: 李强主持召开国务院常务会议研究提振消费有关工作等

Hebei Urban-Rural Planning Research Institute: [2021] 发展规划法：首次列入国家立法计划，国土空间规划法仍在研究

February 11, 2025

MoFA comes to DeepSeek’s defense

China’s Ministry of Foreign Affairs (MoFA) wants you to know that DeepSeek isn’t a threat. At a Thursday presser, MoFA spokesperson Guo Jiakun hit back at organizations that have instituted bans on DeepSeek. Some context: Several governments and companies worldwide have moved to ban the use of Chi…

China's Ministry of Foreign Affairs (MoFA) wants you to know that DeepSeek isn't a threat.
At a Thursday presser, MoFA spokesperson Guo Jiakun hit back at organizations that have instituted bans on DeepSeek.
Some context: Several governments and companies worldwide have moved to ban the use of Chi...

sources

WSJ: New York State Bans DeepSeek From Government Devices

MoFA: 2025年2月6日外交部发言人郭嘉昆主持例行记者会

February 11, 2025

CSRC encourages tech IPOs

Tech IPOs are back on the table. On Friday, the securities regulator (CSRC) released a policy aimed at strengthening China’s financial system, pledging to support listings of high-quality tech companies. Some context: A prolonged IPO freeze, which began in August 2023 as part of efforts to buoy flag…

Tech IPOs are back on the table.
On Friday, the securities regulator (CSRC) released a policy aimed at strengthening China’s financial system, pledging to support listings of high-quality tech companies.
Some context: A prolonged IPO freeze, which began in August 2023 as part of efforts to buoy flag...

sources

CSRC: 关于资本市场做好金融“五篇大文章”的实施意见

21st Century Biz: 时隔17个月，科创板再受理未盈利企业IPO申请

February 10, 2025

New year, new stellar auto incentives

China’s auto market is bracing for a fresh wave of price wars. What we’ve seen so far this year: As is tradition, most major automakers offered limited-time discounts and trade-in subsidies ahead of this year’s Lunar New Year holiday. But over February 5 and 6, following the holiday, multiple brand…

China's auto market is bracing for a fresh wave of price wars.
What we've seen so far this year:

As is tradition, most major automakers offered limited-time discounts and trade-in subsidies ahead of this year's Lunar New Year holiday.
But over February 5 and 6, following the holiday, multiple brand...

sources

Caixin: 车市价格战升温多家车企开年即加码促销

February 10, 2025

Chongqing pares back property tax pilot, again

The property sector slump is forcing policymakers to shelve long-term reforms in favor of short-term market stabilization. The latest: In recent weeks, the government of Chongqing, a city of 32 million residents, announced it will no longer collect property tax from non-local homeowners. ICYDK: Chon…

The property sector slump is forcing policymakers to shelve long-term reforms in favor of short-term market stabilization.
The latest: In recent weeks, the government of Chongqing, a city of 32 million residents, announced it will no longer collect property tax from non-local homeowners.
ICYDK: Chon...

sources

Chongqing Municipal Government: 重庆市人民政府办公厅关于印发《重庆市推动经济持续向上向好若干政策举措》的通知

The Paper: 重庆：完善个人住房房产税试点政策，不再将市外人员购买普通住宅纳入征税范围

February 10, 2025

January consumer prices rise at fastest rate in five months

Consumer price growth picked up somewhat in January. Per price data released by the stats bureau (NBS) on Sunday: January consumer prices (CPI) grew 0.5% y/y, up from 0.1% growth in December. Producer prices (PPI) fell 2.3% y/y, the same decline as the previous month. Two temporary factors provide…

Consumer price growth picked up somewhat in January.
Per price data released by the stats bureau (NBS) on Sunday:

January consumer prices (CPI) grew 0.5% y/y, up from 0.1% growth in December.
Producer prices (PPI) fell 2.3% y/y, the same decline as the previous month.

Two temporary factors provide...

sources

Stats.gov.cn: 2025年1月份居民消费价格同比上涨0.5%

FT: China’s inflation accelerates after rise in lunar new year demand

February 10, 2025

Shanghai’s Lingang FTZ releases first data export negative lists

China’s data export pilot programs are starting to reach consensus. On Saturday, the Shanghai government released the first batch of data export negative lists for the Lingang Free Trade Zone (FTZ), which we’ve been expecting since June. The lists cover three sectors: Reinsurance International ship…

China’s data export pilot programs are starting to reach consensus.
On Saturday, the Shanghai government released the first batch of data export negative lists for the Lingang Free Trade Zone (FTZ), which we’ve been expecting since June.
The lists cover three sectors:

Reinsurance
International ship...

sources

Lingang FTZ: 上海市网信办等五部门关于印发自由贸易试验区数据出境负面清单管理办法、负面清单（2024版）的通知

February 10, 2025

Xi touts boilerplate reform agenda during Jilin province visit

Xi Jinping is talking up growth in China’s Northeast. On Saturday, Xi stopped by Jilin province on his way to the Asian Games in neighboring Heilongjiang province. In Jilin, Xi heard work reports from top provincial officials and outlined his economic reform agenda for the region. ICYDK: Beijing h…

Xi Jinping is talking up growth in China's Northeast.
On Saturday, Xi stopped by Jilin province on his way to the Asian Games in neighboring Heilongjiang province.

In Jilin, Xi heard work reports from top provincial officials and outlined his economic reform agenda for the region.

ICYDK: Beijing h...

sources

Gov.cn: 习近平在听取吉林省委和省政府工作汇报时强调：深入落实推动新时代东北全面振兴战略部署在中国式现代化建设中展现更大作为

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