string(13) "markets-macro"

Macro

September 22, 2022

A rare pat on the back

On Tuesday, the Beijing branch of China’s market regulator (SAMR) praised e-commerce platforms (and itself) for improving the online shopping environment. Some context: In June, SAMR launched a nationwide campaign, asking platforms to ensure that merchants have proper business licenses and tha… Username Password Remember Me Forgot Password

On Tuesday, the Beijing branch of China’s market regulator (SAMR) praised e-commerce platforms (and itself) for improving the online shopping environment.
Some context: In June, SAMR launched a nationwide campaign, asking platforms to ensure that merchants have proper business licenses and tha...

sources

SAMR: 北京市市场监管局扎实开展“百家电商平台点亮”行动促进平台经济规范健康发展

September 22, 2022

YMTC on the chopping block

Here we go again. On Wednesday, FT reported that US lawmakers are pressuring the US Commerce Department to sanction YMTC. The reason: A new report alleges that the Chinese memory chipmaker violated US export controls by supplying Huawei. Some context: Washington has had YMTC on its …

Here we go again.
On Wednesday, FT reported that US lawmakers are pressuring the US Commerce Department to sanction YMTC.
The reason: A new report alleges that the Chinese memory chipmaker violated US export controls by supplying Huawei.
Some context: Washington has had YMTC on its ...

sources

FT: Bipartisan group urges US blacklist for ‘Beijing-directed’ chipmaker

September 22, 2022

Honor in battle

On Wednesday, Chinese media reported that Chinese smartphone manufacturers use parallel imports to bring their products into Russian markets. ICYDK: Parallel imports are authentic goods imported by third parties, theoretically without the original trademark owner’s consent. This June, Russia …

On Wednesday, Chinese media reported that Chinese smartphone manufacturers use parallel imports to bring their products into Russian markets.
ICYDK: Parallel imports are authentic goods imported by third parties, theoretically without the original trademark owner’s consent.

This June, Russia ...

sources

ijiwei: 三星否认重返俄罗斯智能手机市场，中国竞争对手抢购市场份额

Vedomosti: Huawei вынужденно переводит сотрудников из России в Казахстан

Reuters: China's smartphone makers gain ground in Russian market, says M.Video

September 22, 2022

Clearing the way

China has just taken a couple of small steps toward RMB internationalization. On Tuesday, the central bank (PBoC) said it had agreed to establish RMB clearing arrangements with the central banks of Kazakhstan and Laos. It said the moves will promote trade and investment. Some context: China alread…

China has just taken a couple of small steps toward RMB internationalization.
On Tuesday, the central bank (PBoC) said it had agreed to establish RMB clearing arrangements with the central banks of Kazakhstan and Laos.

It said the moves will promote trade and investment.

Some context: China alread...

sources

PBoC: 中国人民银行与哈萨克斯坦国家银行签署在哈萨克斯坦建立人民币清算安排的合作备忘录

PBoC: 中国人民银行与老挝银行签署在老挝建立人民币清算安排的合作备忘录

Caixin: 人民币国际化发力中亚哈萨克斯坦建立境外人民币清算安排

September 22, 2022

Bad fortune, bad

The pitchforks are being sharpened! On Wednesday, Bloomberg reported that a group of investors holding dollar-denominated bonds issued by China Fortune Land Development (CFLD) have rejected its restructuring plan. Some context: Hebei-based CFLD was the first property developer to default after Beiji…

The pitchforks are being sharpened!
On Wednesday, Bloomberg reported that a group of investors holding dollar-denominated bonds issued by China Fortune Land Development (CFLD) have rejected its restructuring plan.
Some context: Hebei-based CFLD was the first property developer to default after Beiji...

sources

Bloomberg: Developer China Fortune Land’s Debt Plan Meets Resistance

September 22, 2022

There are chips 4 us, somewhere chips 4 us

On Wednesday, South Korean media reported that the first (virtual) meeting of the “Chip 4 Alliance” will take place next week. Background: The Alliance is a US initiative to work with Japan, South Korea and Taiwan to coordinate semiconductor supply chain development. Obviously, Beijing isn’t partic…

On Wednesday, South Korean media reported that the first (virtual) meeting of the “Chip 4 Alliance” will take place next week.
Background: The Alliance is a US initiative to work with Japan, South Korea and Taiwan to coordinate semiconductor supply chain development.

Obviously, Beijing isn't partic...

sources

UDN.com: 晶片四方聯盟下周首場預備會議

FT: US struggles to mobilise its East Asian ‘Chip 4’ alliance

Sina: 韩国电动汽车电池生产商希望美国对从中国采购原材料提供豁免

September 22, 2022

No yard, all fence

On Wednesday, US outlet Cyberscoop reported that the Department of Commerce’s Bureau of Industry and Security (BIS) is coming under fire for excessive leniency on China-bound tech exports. ICYDK: BIS’s “Entity List” bans tech exports to over 600 companies in China. But BIS critics are lo…

On Wednesday, US outlet Cyberscoop reported that the Department of Commerce’s Bureau of Industry and Security (BIS) is coming under fire for excessive leniency on China-bound tech exports.
ICYDK: BIS’s “Entity List” bans tech exports to over 600 companies in China.
But BIS critics are lo...

sources

Cyberscoop: Commerce lacks intelligence resources to keep U.S. tech from fueling Chinese cyberthreat, experts warn

US Census Bureau: Trade in Goods with China

September 22, 2022

Keep your eye on the prize

It’s some prize: Control over the minerals powering the global energy transition. On Wednesday, the state-owned China Rare Earth Group (CREG) formalized two huge moves in the critical minerals space: Signing a strategic cooperation agreement with Jiangxi Copper Group – China’s largest producer of c…

It's some prize: Control over the minerals powering the global energy transition.
On Wednesday, the state-owned China Rare Earth Group (CREG) formalized two huge moves in the critical minerals space:

Signing a strategic cooperation agreement with Jiangxi Copper Group – China’s largest producer of c...

sources

The Paper: 中国稀土资源整合继续推进，翁杰明对中国稀土集团提四点期望

September 22, 2022

Keepin’ it real

Finance must serve the real economy. That was the message in a Wednesday WeChat post from the central bank’s (PBoC) financial markets department. This has long been a mantra for policymakers, but there’s never a bad time to reiterate it, especially when credit data show increasing flows of money in…

Finance must serve the real economy.
That was the message in a Wednesday WeChat post from the central bank’s (PBoC) financial markets department.

This has long been a mantra for policymakers, but there's never a bad time to reiterate it, especially when credit data show increasing flows of money in...

sources

WeChat: 回归本源全面提升金融服务实体经济效率和水平

September 21, 2022

Deep dive | August macro picture: A false dawn?

Exec sum: August’s econ numbers surprised to the upside. Growth in fixed-asset investment, industrial value-added output, and retail sales accelerated last month. Alongside this, China also saw an improvement in the urban unemployment rate. However, this uptick has been met with a healthy dose…

Exec sum:

August’s econ numbers surprised to the upside. Growth in fixed-asset investment, industrial value-added output, and retail sales accelerated last month. Alongside this, China also saw an improvement in the urban unemployment rate.
However, this uptick has been met with a healthy dose...

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September 21, 2022

Beans, beans, good for the relationship

China’s Ambassador to the US, Qin Gang, threw the ceremonial first pitch at the St. Louis Cardinals baseball stadium in Missouri on Thursday. It was a poor throw (like most celebrity efforts). But Qin managed a stronger pitch for the agricultural trade and technology relationship between the US an…

China's Ambassador to the US, Qin Gang, threw the ceremonial first pitch at the St. Louis Cardinals baseball stadium in Missouri on Thursday.

It was a poor throw (like most celebrity efforts).

But Qin managed a stronger pitch for the agricultural trade and technology relationship between the US an...

sources

China Daily: Ambassador Qin Gang calls for deep China-US ties in agricultural technology

US Soybean Export Council: CHINA AMBASSADOR AND U.S. FOOD AND AG INDUSTRY REAFFIRM SHARED RESPONSIBILITY AND IMPORTANCE OF INNOVATION AND COLLABORATION AT CLIMATE SMART AGRICULTURE ROUNDTABLE AND U.S. SOY FARM VISIT

September 21, 2022

And that’s the Wang Yi Guarantee™

On Monday, Foreign Minister Wang Yi took a break from attending the 77th United Nations General Assembly in New York to meet some American bigwigs. Those assembled included representatives from: The National Committee on U.S.-China Relations The US-China Business Council The US Chamber of Commerce …

On Monday, Foreign Minister Wang Yi took a break from attending the 77th United Nations General Assembly in New York to meet some American bigwigs.
Those assembled included representatives from:

The National Committee on U.S.-China Relations
The US-China Business Council
The US Chamber of Commerce ...

sources

MoFA: Wang Yi Holds Talks with Representatives of the National Committee on U.S.-China Relations, the U.S.-China Business Council and the U.S. Chamber of Commerce

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