string(13) "markets-macro"

Macro

October 11, 2022

Shenzhen actively involved in mBridge trial

Shenzhen is playing a big role in promoting digital yuan’s (e-CNY) cross-border use. Some context: Two weeks ago, a multilateral central bank digital currency (CBDC) project called mBridge – led by China’s central bank (PBoC) – completed its first trial. mBridge is a world-leading effor… Username Password Remember Me Forgot Password

Shenzhen is playing a big role in promoting digital yuan’s (e-CNY) cross-border use.
Some context: Two weeks ago, a multilateral central bank digital currency (CBDC) project called mBridge – led by China’s central bank (PBoC) – completed its first trial.

mBridge is a world-leading effor...

sources

21st Century Biz: 多边央行数字货币桥首次测试深圳占三分之一　围绕湾区进出口贸易等场景验证

October 11, 2022

Shenzhen to rain down semiconductor subsidies

On Saturday, Shenzhen released a set of draft policy measures that are all about boosting its local semiconductor industry. Quick context: In June, Shenzhen published its Action Plan for “cultivating the local semiconductor industry”. The draft measures are a direct follow-up, outlining a host of s…

On Saturday, Shenzhen released a set of draft policy measures that are all about boosting its local semiconductor industry.
Quick context: In June, Shenzhen published its Action Plan for “cultivating the local semiconductor industry”.

The draft measures are a direct follow-up, outlining a host of s...

sources

Shenzhen Gov.cn: 深圳市发展和改革委员会关于公开征求《深圳市关于促进半导体与集成电路产业高质量发展的若干措施（征求意见稿）》意见的通告

October 11, 2022

Shanghai’s plan to make manufacturing smarter

On Saturday, the Shanghai municipal government published its Manufacturing Industry Digital Transformation Implementation Plan. Quick context: Making the manufacturing industry smarter and more connected is a key state goal. Shanghai’s new plan implements goals set out by the industry ministry (…

On Saturday, the Shanghai municipal government published its Manufacturing Industry Digital
Transformation Implementation Plan.

Quick context: Making the manufacturing industry smarter and more connected is a key state goal.

Shanghai’s new plan implements goals set out by the industry ministry (...

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Shanghai.gov: 上海市制造业数字化转型实施方案

October 11, 2022

You can’t spell TSMC without TTIC

On Sunday, Taiwan’s Economic Minister Wang Mei-hua landed in DC to kick off a week-long series of meetings on the Technology Trade and Investment Collaboration (TTIC) arrangement. Quick Background: TTIC is a formalized “quid-pro-quo” launched under the Biden administration that encourages…

On Sunday, Taiwan’s Economic Minister Wang Mei-hua landed in DC to kick off a week-long series of meetings on the Technology Trade and Investment Collaboration (TTIC) arrangement.
Quick Background: TTIC is a formalized “quid-pro-quo” launched under the Biden administration that encourages...

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Focus Taiwan: Economics minister to visit U.S. for TTIC meeting

Focus Taiwan: Taiwan semiconductor development is key not risk to global industry: Tsai

October 11, 2022

Closing doors and burning bridges

We thought the US had already taken a tough line in recent months to restrict China’s semiconductor industry. But Washington just took things to a whole new level by expanding US export controls. On Friday, the Department of Commerce’s Bureau of Industry and Security (BIS) released a new rang…

We thought the US had already taken a tough line in recent months to restrict China’s semiconductor industry.

But Washington just took things to a whole new level by expanding US export controls.

On Friday, the Department of Commerce’s Bureau of Industry and Security (BIS) released a new rang...

sources

FT: US hits China with sweeping tech export controls

BIS: Commerce Implements New Export Controls on Advanced Computing and Semiconductor Manufacturing Items to the People’s Republic of China (PRC)

October 11, 2022

Don’t call it stimulus

On Monday, the Economic Daily hosed down expectations about the potential impact of one of the central bank’s (PBoC) recent efforts to boost housing demand. In an opinion piece posted on Weibo, the paper said that the recent reduction of interest rates on loans from the housing provident fund (HPF) …

On Monday, the Economic Daily hosed down expectations about the potential impact of one of the central bank’s (PBoC) recent efforts to boost housing demand.
In an opinion piece posted on Weibo, the paper said that the recent reduction of interest rates on loans from the housing provident fund (HPF) ...

sources

The Paper: 经济日报：此次公积金贷款利率下调并非意味着放水

October 11, 2022

Turning to tech to serve the disabled

On September 30, China’s state-backed tech think tank (CAICT) issued a joint call with the China Disabled Persons’ Federation (CDPF) for more tech solutions to help the disabled. Quick recap: The central government has put forth a lot of effort in recent years toward using tech to help the elderly. …

On September 30, China’s state-backed tech think tank (CAICT) issued a joint call with the China Disabled Persons' Federation (CDPF) for more tech solutions to help the disabled.
Quick recap: The central government has put forth a lot of effort in recent years toward using tech to help the elderly.
...

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CAICT: 中国信通院启动科技助残技术、产品揭榜任务需求征集工作

October 11, 2022

Collars can be blue or white, as long as China’s manufacturing

On Friday, the Party Central Committee and the State Council issued guidelines for up-skilling China’s manufacturing workforce. Some context: As outlined in the “Made in China 2025” plan, issued in 2015, policymakers seek a dramatic increase in the number of skilled workers that mass-produce the nex…

On Friday, the Party Central Committee and the State Council issued guidelines for up-skilling China’s manufacturing workforce.
Some context: As outlined in the "Made in China 2025" plan, issued in 2015, policymakers seek a dramatic increase in the number of skilled workers that mass-produce the nex...

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MoHRSS: 中共中央办公厅国务院办公厅印发《关于加强新时代高技能人才队伍建设的意见》

Gov.cn: 中国制造2025

October 11, 2022

Quality over quantity

On Sunday, the National Energy Administration (NEA) published its plan to help the energy sector achieve peak emissions and carbon neutrality. Who needs a weekend after a holiday, eh? Reminder: Xi Jinping has committed China to peak emissions before 2030 and carbon neutrality before 2060. That do…

On Sunday, the National Energy Administration (NEA) published its plan to help the energy sector achieve peak emissions and carbon neutrality.

Who needs a weekend after a holiday, eh?

Reminder: Xi Jinping has committed China to peak emissions before 2030 and carbon neutrality before 2060.

That do...

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NEA: 国家能源局关于印发《能源碳达峰碳中和标准化提升行动计划》的通知

October 11, 2022

Group living

Small city governments are scrambling to address the tumbling housing market. Per The Paper, since June, upwards of 20 cities and districts have issued policies encouraging group buying of commercial housing. ICYDK: Group buying involves the simultaneous sale of multiple units in a development to on…

Small city governments are scrambling to address the tumbling housing market.
Per The Paper, since June, upwards of 20 cities and districts have issued policies encouraging group buying of commercial housing.
ICYDK: Group buying involves the simultaneous sale of multiple units in a development to on...

sources

The Paper: 超20城发文鼓励商品房团购：部分城市房价最多可优惠30%

Gov.cn: 《关于进一步促进房地产市场平稳发展若干措施》

Gov.cn: 文字解读丨《促进市中心城区房地产市场平稳健康发展若干措施》

Gov.cn: 《关于进一步促进黄冈市区房地产市场平稳健康发展的补充措施》（征求意见稿）

October 11, 2022

Confidence and patience

Still hoping Beijing will use the upcoming 20th Party Congress to announce that China is dropping zero-COVID? Sit down and read this: “We must strengthen our confidence and patience in the current epidemic prevention policy.” That was the message of a Monday editorial splashed across the pages of …

Still hoping Beijing will use the upcoming 20th Party Congress to announce that China is dropping zero-COVID?
Sit down and read this:

"We must strengthen our confidence and patience in the current epidemic prevention policy."

That was the message of a Monday editorial splashed across the pages of ...

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People's Daily: 增强对当前疫情防控政策的信心和耐心

October 11, 2022

Foreigners Got Talent!

That’s what (foreign) friends are for. On September 30, Premier Li Keqiang convened a ceremony to honor 49 of China’s most valued laowai, bestowing them with the prestigious Friendship Award. Recipients included Finnish nursing expert Maritta Välimäki and Italian immunologist Diana Boraschi (UTU, S…

That’s what (foreign) friends are for.
On September 30, Premier Li Keqiang convened a ceremony to honor 49 of China’s most valued laowai, bestowing them with the prestigious Friendship Award.

Recipients included Finnish nursing expert Maritta Välimäki and Italian immunologist Diana Boraschi (UTU, S...

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Gov.cn: China to provide convenient conditions for foreign talent: Premier Li

University of Turku: Professor Maritta Välimäki received the Chinese Government Friendship Award

Shenzhen Institute of Advanced Technology: 3年3人！SIAT中国政府友谊奖获得者再增1人

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