string(13) "markets-macro"

Macro

December 2, 2022

Peak dollar

Is China’s central bank (PBoC) trying to jawbone some strength into the RMB? On Thursday, Financial News – the PBoC’s official publication – published a short column arguing the dollar has likely peaked, although it will remain strong for some time before it starts heading down. The paper didn’t d… Username Password Remember Me … Read More »

Is China’s central bank (PBoC) trying to jawbone some strength into the RMB?
On Thursday, Financial News – the PBoC’s official publication – published a short column arguing the dollar has likely peaked, although it will remain strong for some time before it starts heading down.

The paper didn’t d...

sources

The Paper: 央行主管媒体：美元升值或接近顶部

December 2, 2022

An early Christmas

Support for property developers just keeps on coming. On Thursday, Caixin reported that many smaller banks have set up credit lines with developers. Some context: Last month, China’s six large state-owned commercial banks said they had extended more than RMB 1 trillion worth of new credit lines to …

Support for property developers just keeps on coming.
On Thursday, Caixin reported that many smaller banks have set up credit lines with developers.
Some context: Last month, China’s six large state-owned commercial banks said they had extended more than RMB 1 trillion worth of new credit lines to ...

sources

Caixin: 多家股份行、城农商行接力房企授信已披露授信额度逾2.2万亿

December 2, 2022

Arizona gets FABulous

On Thursday, Bloomberg reported that TSMC will upgrade its Arizona fab chip-making tech. The apparent reason: Apple and other US customers have pressured TSMC to do so. Why it matters: TSMC is the world’s best chip foundry, but its main fabs are located in Taiwan, a geopolitical flashpoint.&nb…

On Thursday, Bloomberg reported that TSMC will upgrade its Arizona fab chip-making tech.
The apparent reason: Apple and other US customers have pressured TSMC to do so.
Why it matters: TSMC is the world’s best chip foundry, but its main fabs are located in Taiwan, a geopolitical flashpoint.&nb...

sources

Bloomberg: TSMC Plans to Make More Advanced Chips in US at Urging of Apple

December 2, 2022

First Class 5G

Last week, Chinese media announced that MIIT granted the Commercial Aircraft Corp of China (COMAC) the nation’s 5G network license for a private enterprise. COMAC was given exclusive access to 6GHz and 25GHz bandwidths, suitable for low-latency networks over short distances. China has those freque…

Last week, Chinese media announced that MIIT granted the Commercial Aircraft Corp of China (COMAC) the nation's 5G network license for a private enterprise.

COMAC was given exclusive access to 6GHz and 25GHz bandwidths, suitable for low-latency networks over short distances.
China has those freque...

sources

C114: 余晓晖：中国商飞获批企业5G专网频率是非常重要的探索

ITHome: 消息称中国商飞获首张企业 5G 专网频段

China Daily: China grants first 5G private license to COMAC

December 2, 2022

Pump it up

China is now the world’s biggest market for the next big thing in energy: Heat pumps. It not only had the most sales last year, but it’s also the largest manufacturer – with a 45% global market share, according to an IEA report released Wednesday. A quick explainer. Heat pumps heat – and cool –… Read More »

China is now the world's biggest market for the next big thing in energy: Heat pumps.

It not only had the most sales last year, but it's also the largest manufacturer – with a 45% global market share, according to an IEA report released Wednesday.

A quick explainer.
Heat pumps heat – and cool – ai...

sources

Bloomberg: China Is Leading the World on Heat-Pump Adoption

IEA: The Future of Heat Pumps

December 2, 2022

The “minor” internet issue

On Wednesday, the China Internet Network Information Center & Communist Youth League jointly published a research report on internet use by minors. The report summary is filled with interesting stats. First, internet access for kids aged 6-17 is increasing: 96.8% were able to access the inte…

On Wednesday, the China Internet Network Information Center & Communist Youth League jointly published a research report on internet use by minors.

The report summary is filled with interesting stats.

First, internet access for kids aged 6-17 is increasing:

96.8% were able to access the inte...

sources

Sohu: 2021年全国未成年人互联网使用情况研究报告

The Paper: 报告：未成年人上网排名前三的目的为网上学习、听音乐、玩游戏

December 2, 2022

China still open to foreigners

Foreign financial institutions (FFIs) are slowly gaining ground in China. The latest: In late November, three firms won regulatory approval to expand their mainland operations. The deets: American insurance giant Chubb will become the first FFI to majority own a Chinese financial services holding c…

Foreign financial institutions (FFIs) are slowly gaining ground in China.
The latest: In late November, three firms won regulatory approval to expand their mainland operations.
The deets:

American insurance giant Chubb will become the first FFI to majority own a Chinese financial services holding c...

sources

PR Newswire: Chubb Receives Regulatory Approval to Increase its Huatai Stake to 83.2%

PR Newswire: NEUBERGER BERMAN APPROVED TO BEGIN ONSHORE MUTUAL FUND BUSINESS OPERATIONS IN CHINA

Caixin Global: Canada’s Manulife Approved to Take Full Control of Its China Mutual Fund Venture

December 1, 2022

China moves away from zero-COVID

We are calling it: China’s zero-COVID policy, maintained through whack-a-mole lockdowns in the past three years, is finally turning. That’s because we are now seeing three of the signposts we have been watching for. First, the Party is shifting its narrative regarding the dangers of Omicron: Cen…

We are calling it:

China's zero-COVID policy, maintained through whack-a-mole lockdowns in the past three years, is finally turning.

That's because we are now seeing three of the signposts we have been watching for.
First, the Party is shifting its narrative regarding the dangers of Omicron:

Cen...

sources

Yicai: 中疾控：现有疫苗对降低奥密克戎变异株感染导致的重症和死亡仍然有较好的效果

Sina: 独家 | 感染新冠肺炎之后

Caixin: 香港专家：奥密克戎感染症状轻新冠肺炎不该再叫“肺炎”

Caixin: 指标已下：1月底前80岁以上新冠疫苗首剂接种率达90%

Reuters: Exclusive: China to allow home quarantine for some infected with COVID

The Paper: 以后对新冠患者的诊治要分级分类进行吗？国家卫健委回应

Fortune China: 北京、广州有社区允许阳性人员居家隔离

Gov.cn: 孙春兰强调：充分发挥各方专家优势不断优化完善防控措施

The Paper: 孙春兰强调：总结基层经验做法，推动防控措施持续优化

December 1, 2022

Zero-COVID policy turning on three-year anniversary

Ho. Ly. S**t. It’s happening. A clear signal came out Wednesday night that the top leadership is rethinking China’s COVID containment strategy. The meeting readout from a symposium chaired by vice premier and COVID czar Sun Chunlan at the health ministry (NHC) on Wednesday said China is “facing a …

Ho.
Ly.
S**t.
It's happening.
A clear signal came out Wednesday night that the top leadership is rethinking China's COVID containment strategy.
The meeting readout from a symposium chaired by vice premier and COVID czar Sun Chunlan at the health ministry (NHC) on Wednesday said China is "facing a ...

sources

Gov.cn: 孙春兰强调：充分发挥各方专家优势不断优化完善防控措施

The Paper: 孙春兰强调：总结基层经验做法，推动防控措施持续优化

December 1, 2022

COVID policy changes abound

For two days running, Vice Premier and COVID Czar Sun Chunlan has indicated that major changes are coming to China’s COVID policy. So what exactly will happen? Both readouts from meetings held by Sun on Wednesday and Thursday mentioned that eight frontline pandemic fighting experts “made suggestion…

For two days running, Vice Premier and COVID Czar Sun Chunlan has indicated that major changes are coming to China's COVID policy.
So what exactly will happen?

Both readouts from meetings held by Sun on Wednesday and Thursday mentioned that eight frontline pandemic fighting experts "made suggestion...

sources

Gov.cn: 孙春兰强调：充分发挥各方专家优势不断优化完善防控措施

The Paper: 孙春兰强调：总结基层经验做法，推动防控措施持续优化

Reuters: Exclusive: China to allow home quarantine for some infected with COVID

Beijing Daily: 张伯礼：奥密克戎难以彻底消灭

December 1, 2022

Taking a fast train to China

On Wednesday, Xi Jinping met with Lao President and General Secretary of the Lao People’s Revolutionary Party (LPRP) Thongloun Sisoulith. Some context: Like China, Laos is a one-party socialist state. Being an upright fellow traveler, Sisoulith paid tribute to the late, great Comrade Jiang Zemin (Xi…

On Wednesday, Xi Jinping met with Lao President and General Secretary of the Lao People's Revolutionary Party (LPRP) Thongloun Sisoulith.
Some context: Like China, Laos is a one-party socialist state.
Being an upright fellow traveler, Sisoulith paid tribute to the late, great Comrade Jiang Zemin (Xi...

sources

Xinhua: Xi holds talks with Lao president

ASEAN Briefing: The Completed China-Laos Railway: Bringing Opportunities for ASEAN and the Asia Pacific

December 1, 2022

A bigger helping hand for China’s poor

On Saturday, a Ministry of Civil Affairs (MCA) official introduced plans for a significant expansion of social assistance for China’s low-income households. ICYDK: Eradicating extreme poverty forms a key part of Xi Jinping’s political legacy – he declared “victory against poverty” in 2021. The probl…

On Saturday, a Ministry of Civil Affairs (MCA) official introduced plans for a significant expansion of social assistance for China's low-income households.
ICYDK: Eradicating extreme poverty forms a key part of Xi Jinping's political legacy – he declared “victory against poverty” in 2021.
The probl...

sources

Caixin: 中国将出台专项救助新规已有超6000万低收入人群纳入监测

Gov.cn: 2022年1季度低保标准

Caixin: China Prepares to Expand Public Assistance to Low-Income Residents

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162