string(13) "markets-macro"

Macro

October 31, 2022

Leveling up data centralization

On Friday, the State Council released guidelines outlining the next phase of its plan to bring all government data onto a centralized management platform. That includes government data from all provinces and central government agencies. Background: Since as early as 2002, the central government ha… Username Password Remember Me Forgot Password

On Friday, the State Council released guidelines outlining the next phase of its plan to bring all government data onto a centralized management platform.

That includes government data from all provinces and central government agencies.

Background: Since as early as 2002, the central government ha...

sources

Gov.cn: 国务院办公厅关于印发全国一体化政务大数据体系建设指南的通知

Gov.cn: 国务院办公厅关于印发“互联网+政务服务” 技术体系建设指南的通知

October 31, 2022

Collateral damage

On Friday, the US Commerce Department’s Bureau of Industry and Security (BIS) published a list of FAQs to clarify the latest US export controls on China’s semiconductor sector. Some context: The global semiconductor industry is still trying to figure out how the sweeping export controls will b…

On Friday, the US Commerce Department’s Bureau of Industry and Security (BIS) published a list of FAQs to clarify the latest US export controls on China’s semiconductor sector.
Some context: The global semiconductor industry is still trying to figure out how the sweeping export controls will b...

sources

BIS: FAQs for Interim Final Rule - Implementation of Additional Export Controls: Certain Advanced Computing and Semiconductor Manufacturing Items; Supercomputer and Semiconductor End Use; Entity List Modification

October 31, 2022

NDRC Director tells tech investors what they want to hear

Things will get better for China’s beleaguered tech giants. That was one of the messages NDRC Director He Lifeng delivered in a report on digital economy development to the National People’s Congress Standing Committee (NPCSC) on Friday. Director He’s overall message: China’s digital economy is doin…

Things will get better for China's beleaguered tech giants.
That was one of the messages NDRC Director He Lifeng delivered in a report on digital economy development to the National People’s Congress Standing Committee (NPCSC) on Friday.
Director He’s overall message: China’s digital economy is doin...

sources

Caixin: 国家发改委：将完成平台经济专项整改推出“绿灯”投资案例

Sina: 平台经济迎政策暖风 “绿灯”投资案例将集中推出

October 31, 2022

Close encounters of the closed-loop kind

On Saturday, Chinese social media erupted with reports of Foxconn workers fleeing harsh “closed loop” conditions at its massive Zhengzhou iPhone facility. Some background: Under China’s zero-Covid policies, companies can continue operations with “closed loop” responses to Covid outbreaks. …

On Saturday, Chinese social media erupted with reports of Foxconn workers fleeing harsh “closed loop" conditions at its massive Zhengzhou iPhone facility.
Some background: Under China’s zero-Covid policies, companies can continue operations with “closed loop” responses to Covid outbreaks. ...

sources

Reuters: Chinese cities brace for wave of Foxconn workers from COVID-hit Zhengzhou

WSJ: Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos

October 31, 2022

Local chip company IPO in trouble?

On Sunday, SCMP reported that Hefei-based chip company Lontium Semiconductor’s IPO plan may face trouble. Why: The company’s founder and CEO, Chen Feng, holds a US passport. ICYMI: The latest US export controls ban Americans from supporting advanced chipmaking for Chinese companies. Many Chinese …

On Sunday, SCMP reported that Hefei-based chip company Lontium Semiconductor’s IPO plan may face trouble.
Why: The company’s founder and CEO, Chen Feng, holds a US passport.
ICYMI: The latest US export controls ban Americans from supporting advanced chipmaking for Chinese companies.

Many Chinese ...

sources

SCMP: A Chinese chip company founded by a former Intel engineer is set to go public and test restrictions on US citizens

October 31, 2022

Bell tolls for Biren

The latest US export controls targeting mainland semiconductor manufacturers and buyers are already causing pain. On Thursday, Taiwanese media reported that China’s top graphics chip designer, Biren Technology, is preparing to lay off a third of its staff as it loses access to the manufacturing faci…

The latest US export controls targeting mainland semiconductor manufacturers and buyers are already causing pain.
On Thursday, Taiwanese media reported that China’s top graphics chip designer, Biren Technology, is preparing to lay off a third of its staff as it loses access to the manufacturing faci...

sources

Liberty Times Net: 遭台積電斷供上海壁仞裁員三分之一

October 31, 2022

Welcome, Bienvenue, Willkommen

And a hearty huanying to the haiwai! On Friday, China’s macro planner (NDRC) and the Ministry of Commerce published a revised catalog of industries where foreign investment is encouraged. The big news: The list has expanded to include 519 sectors, up from 480. The additions include air ground suppo…

The list has expanded to include 519 sectors, up from 480.
The additions include air ground suppo...

sources

NDRC: 中华人民共和国国家发展和改革委员会中华人民共和国商务部令

SCMP: China expands list of sectors for foreign investment to 519, focus on manufacturing

NDRC: 总量增加结构优化进一步提振外商投资预期和信心——国家发展改革委有关负责人就2022年版鼓励外商投资产业目录答记者问

October 31, 2022

Financial work is never done

We at China Markets Dispatch love a good list – the more, the better. That’s why we got all excited when we read a listy speech by central bank (PBoC) Governor Yi Gang summarizing the financial work report he submitted to the National People’s Congress Standing Committee on behalf of the State Counc…

We at China Markets Dispatch love a good list – the more, the better.
That’s why we got all excited when we read a listy speech by central bank (PBoC) Governor Yi Gang summarizing the financial work report he submitted to the National People’s Congress Standing Committee on behalf of the State Counc...

sources

PBoC: 国务院关于金融工作情况的报告——2022年10月28日在十三届全国人民代表大会常务委员会第三十七次会议上

October 31, 2022

Banking on finance

The PBoC isn’t the only one with a lot on its plate (see previous entry). The banking and insurance regulator (CBIRC) has a pretty extensive “to-do” list. In a wide-ranging presser on Friday, the CBIRC reviewed the financial sector’s performance in the first three quarters of 2022 and listed som…

The PBoC isn't the only one with a lot on its plate (see previous entry).

The banking and insurance regulator (CBIRC) has a pretty extensive "to-do" list.

In a wide-ranging presser on Friday, the CBIRC reviewed the financial sector’s performance in the first three quarters of 2022 and listed som...

sources

21st Century Biz: 银保监会释放重磅信号事关银行业保险业运行情况、人民币汇率、对外开放

October 29, 2022

Deep Dive | Party Congress Post-view: Power, personnel, and policy

With the Chinese Communist Party’s 20th Party Congress having (finally) wrapped up in Beijing, and the country’s new classes of political elite confirmed, it’s time to reflect on what the big event means for China’s future. You might recall: In the leadup to the congress, we dropped a three-part dee…

With the Chinese Communist Party’s 20th Party Congress having (finally) wrapped up in Beijing, and the country’s new classes of political elite confirmed, it’s time to reflect on what the big event means for China’s future.
You might recall: In the leadup to the congress, we dropped a three-part dee...

October 28, 2022

Cheat sheet | Meet the PBSC

If you’re anything like the Trivium China team, you’re straight up exhausted from a full-on two weeks covering all the details from the 20th Party Congress. The weekend really can’t get here fast enough. But before you head out the door this Friday, we wanted to send a quick compendium of bios tha…

If you’re anything like the Trivium China team, you’re straight up exhausted from a full-on two weeks covering all the details from the 20th Party Congress.

The weekend really can’t get here fast enough.

But before you head out the door this Friday, we wanted to send a quick compendium of bios tha...

October 28, 2022

Another Li on the PBSC

Last but not least, let us introduce Li Xi, the man ranked seventh among the seven men on the Party’s reshuffled all-powerful Politburo Standing Committee (PBSC). On Sunday, Li, 66, was appointed secretary of the Party’s anti-graft watchdog (CCDI). At the CCDI, he is tasked with carrying forward Xi…

Last but not least, let us introduce Li Xi, the man ranked seventh among the seven men on the Party's reshuffled all-powerful Politburo Standing Committee (PBSC).
On Sunday, Li, 66, was appointed secretary of the Party's anti-graft watchdog (CCDI).

At the CCDI, he is tasked with carrying forward Xi...

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