string(13) "markets-macro"

Macro

December 1, 2022

AI, don’t just chase the money

On Sunday, Xiao Gang, former chairman of China’s securities regulator (CSRC), called for tighter regulation of AI in finance. The deets: During a speech on the future of intelligent fintech, Xiao talked up how AI will radically transform the financial industry. But: Xiao warned that these smart fi… Username Password Remember Me … Read More »

On Sunday, Xiao Gang, former chairman of China’s securities regulator (CSRC), called for tighter regulation of AI in finance.
The deets: During a speech on the future of intelligent fintech, Xiao talked up how AI will radically transform the financial industry.
But: Xiao warned that these smart fi...

sources

Sina: 智能金融应用不断深化，警惕运用人工智能过度逐利

December 1, 2022

ASMI warns of US pressure on chip equipment

On Thursday, the CEO of semiconductor equipment manufacturer company ASM International (ASMI) noted that the US is pushing Dutch companies to get on board US export controls on China. That’s according to reporting by FT. Some context: ASMI was a joint founder of critical semiconductor lithography…

On Thursday, the CEO of semiconductor equipment manufacturer company ASM International (ASMI) noted that the US is pushing Dutch companies to get on board US export controls on China.

That's according to reporting by FT.

Some context: ASMI was a joint founder of critical semiconductor lithography...

sources

FT: Dutch chip toolmaker ASMI warns of escalating trade tensions

November 30, 2022

Happy Holidays, (not) brought to you by Foxconn

On Tuesday, Bloomberg reported that US consumers should expect delays of up to 37 days if they want Apple’s flagship iPhone 14 Pro or Pro Max. Bloomberg also projected a shortfall of six million iPhones, equating to a potential USD 6 billion in lost revenue. Shocker: Bloomberg attributed the delay…

On Tuesday, Bloomberg reported that US consumers should expect delays of up to 37 days if they want Apple's flagship iPhone 14 Pro or Pro Max.

Bloomberg also projected a shortfall of six million iPhones, equating to a potential USD 6 billion in lost revenue.

Shocker: Bloomberg attributed the delay...

sources

Bloomberg: iPhone Pro Wait Times Hit New Peak After Factory Disruptions

Medium: The total iPhone 14 Pro and 14 Pro Max shipments in 4Q22 will be 15–20 million units less than expected. Significant downside risks to Apple & iPhone supply chain due to Zhengzhou iPhone plant labor protests

November 30, 2022

Jab the elderly!

Beijing finally has a plan to boost COVID-19 vaccinations among the vulnerable elderly population, a crucial move toward reopening the economy. On Tuesday, the State Council inter-agency COVID-19 team released a work plan to increase the vaccination rate among seniors, particularly octogenarians (Xi…

Beijing finally has a plan to boost COVID-19 vaccinations among the vulnerable elderly population, a crucial move toward reopening the economy.
On Tuesday, the State Council inter-agency COVID-19 team released a work plan to increase the vaccination rate among seniors, particularly octogenarians (Xi...

sources

Xinhua: 关于印发加强老年人新冠病毒疫苗接种工作方案的通知

Caixin: 80岁以上老年人新冠疫苗全程接种率不足70%，多地加快推进｜大流行手记（11月15日）

Gov.cn: 国家卫健委：出台限制性措施违背疫苗接种原则

November 30, 2022

Home (quarantine), sweet home (quarantine)

Did the boss of one powerhouse province bow to pressure and take a baby step towards relaxing zero-COVID? On Tuesday, the Guangdong government published a readout of its Sunday COVID-control meeting. The money quote – from Governor Wang Weizhong (Guangdong Gov): “Support eligible close contacts to …

Did the boss of one powerhouse province bow to pressure and take a baby step towards relaxing zero-COVID?
On Tuesday, the Guangdong government published a readout of its Sunday COVID-control meeting.
The money quote – from Governor Wang Weizhong (Guangdong Gov):

“Support eligible close contacts to ...

sources

Guangdong Gov: 新冠肺炎疫情防控广东工作组与广东省举行工作对接会锚定目标全力攻坚坚决打赢疫情歼灭战

November 30, 2022

Alright, move along, nothing to see here

The Party-state has issued its first official response to widespread protests against Beijing’s zero-COVID policy. On Monday, Chen Wenqing, the new head of the Party’s top law enforcement body (PLAC), vowed to take strong measures to “build a safer China.” Chen’s comments came at a plenum of the b…

The Party-state has issued its first official response to widespread protests against Beijing's zero-COVID policy.
On Monday, Chen Wenqing, the new head of the Party’s top law enforcement body (PLAC), vowed to take strong measures to “build a safer China.”

Chen's comments came at a plenum of the b...

sources

Xinhua: 陈文清主持召开中央政法委员会全体会议强调以有力举措贯彻落实党的二十大精神坚决维护国家安全和社会稳定

November 30, 2022

Pass that gas

On Tuesday, Premier Li Keqiang met with Kazakhstan’s Prime Minister Alikhan Smailov by video link. By our count, this marks the third very high-level Sino-Kazakh meeting in less than three months: In September, Xi Jinping made the Kazakh capital Nur-Sultan, the first destination on his first inter…

On Tuesday, Premier Li Keqiang met with Kazakhstan's Prime Minister Alikhan Smailov by video link.
By our count, this marks the third very high-level Sino-Kazakh meeting in less than three months:

In September, Xi Jinping made the Kazakh capital Nur-Sultan, the first destination on his first inter...

sources

MoFA: 李克强同哈萨克斯坦总理斯迈洛夫举行中哈总理会晤

Global Times: Premier Li calls for enhanced energy cooperation between China and Kazakhstan

Eurasianet: China seeks assurances Kazakhstan will up gas deliveries

November 30, 2022

Quick take | COP27: Celebrating a loss

For most intents and purposes, COP27 was a failure. The world’s most important climate gathering concluded on Sunday, November 20, without making progress on reducing fossil fuel consumption – the primary driver of climate change. But despite the colossal washout on the emissions front, COP27 did …

For most intents and purposes, COP27 was a failure.

The world’s most important climate gathering concluded on Sunday, November 20, without making progress on reducing fossil fuel consumption – the primary driver of climate change.

But despite the colossal washout on the emissions front, COP27 did ...

sources

Reuters: China will support climate damage mechanism but not with cash

Reuters: COP27: Island nations want China, India to pay for climate damage

UNFCCC: UNCC: COP27 Reaches Breakthrough Agreement on New “Loss and Damage” Fund for Vulnerable Countries

Xinhua: 解振华：发达国家有责任和义务为应对气变提供更多资金

November 30, 2022

Renting for lending

Beijing is closing another backdoor that local governments use to raise money. On Monday, the banking and insurance regulator (CBIRC) published a notice – issued to relevant institutions back in February – tightening regulations on financial leasing. ICYDK: In financial leasing, a leasing company pu…

Beijing is closing another backdoor that local governments use to raise money.
On Monday, the banking and insurance regulator (CBIRC) published a notice – issued to relevant institutions back in February – tightening regulations on financial leasing.
ICYDK: In financial leasing, a leasing company pu...

sources

CBIRC: 中国银保监会办公厅关于加强金融租赁公司融资租赁业务合规监管有关问题的通

November 30, 2022

Will the US try to prevent a Chinese quantum leap?

On Tuesday, the US Department of Defense (DoD) published its annual report on military and security developments in China. The report comprehensively covers China’s military and security positioning, capabilities, and global projects. Surprise, surprise: China’s technological capabilities – specif…

On Tuesday, the US Department of Defense (DoD) published its annual report on military and security developments in China.

The report comprehensively covers China’s military and security positioning, capabilities, and global projects.

Surprise, surprise: China's technological capabilities - specif...

sources

US Department of Defense: Military and Security Developments Involving the People’s Republic of China

November 30, 2022

Nvidia to ship chip alternative to China

On Tuesday, Chinese media outlet Digital Times reported that Nvidia is getting orders from China for its newly-packaged A800 chips. Recap: US export controls restrict Nvidia from shipping its advanced A100 GPUs to China. In response, Nvidia has been working on rolling out the A800 series, a scaled-…

On Tuesday, Chinese media outlet Digital Times reported that Nvidia is getting orders from China for its newly-packaged A800 chips.
Recap: US export controls restrict Nvidia from shipping its advanced A100 GPUs to China.
In response, Nvidia has been working on rolling out the A800 series, a scaled-...

sources

ijiwei: 已有客户下单！英伟达将向中国出口低规格AI GPU

November 30, 2022

Hard landing

The property market’s decline is hitting local governments hard. On Tuesday, Yicai reported that from January to October, local governments raised RMB 4.4 trillion from land sales, down 25.9% from the same period in 2021. Fun fact: The last time annual land sales declined by more than 20% was in 201…

The property market’s decline is hitting local governments hard.
On Tuesday, Yicai reported that from January to October, local governments raised RMB 4.4 trillion from land sales, down 25.9% from the same period in 2021.
Fun fact: The last time annual land sales declined by more than 20% was in 201...

sources

Yicai: 土地财政告别高增长，多地调低土地出让收入预算

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