string(13) "markets-macro"

Macro

September 20, 2022

Picking winners

On Monday, The Paper reported that since late August, China Bond Insurance Co. has guaranteed onshore bonds issued by four private sector developers, with another on the way. ICYMI: In late August, local media reported that regulators had drawn up a short-list of private developers that could i… Username Password Remember Me Forgot Password

On Monday, The Paper reported that since late August, China Bond Insurance Co. has guaranteed onshore bonds issued by four private sector developers, with another on the way.
ICYMI: In late August, local media reported that regulators had drawn up a short-list of private developers that could i...

sources

The Paper: 5家民营房企获中债信用全额担保发债62亿元，融资环境趋于好转

September 20, 2022

PCAOB audit kicks off

One of the most watched audits in history is back in focus. On Monday, inspectors from the US audit regulator (PCAOB) were in Hong Kong to kick off their audit review of US-listed Chinese companies. If PCAOB’s review passes successfully, it should end a long dispute that threatens the mass delistin…

One of the most watched audits in history is back in focus.
On Monday, inspectors from the US audit regulator (PCAOB) were in Hong Kong to kick off their audit review of US-listed Chinese companies.

If PCAOB’s review passes successfully, it should end a long dispute that threatens the mass delistin...

sources

SCMP: US inspectors arrive in PwC, KPMG offices in Hong Kong to review Chinese companies’ audit records, sources say

Yicai: 中概股将接受美方审计底稿检查，退市风险大减

September 20, 2022

Finding NEVerland

Speaking of the need for speed… At Monday’s presser, NDRC spokesperson Meng Wei waxed poetic about China’s new energy vehicle (NEV) growth. And deservedly so: When it comes to NEVs, China’s crushing it. In the first eight months of 2022 (NDRC): NEV sales and production were up 10% and 20% y/y, r…

Speaking of the need for speed...
At Monday's presser, NDRC spokesperson Meng Wei waxed poetic about China's new energy vehicle (NEV) growth.
And deservedly so: When it comes to NEVs, China's crushing it.
In the first eight months of 2022 (NDRC):

NEV sales and production were up 10% and 20% y/y, r...

sources

NDRC: 国家发展改革委9月份新闻发布会

September 20, 2022

It’s a (PIPL) party in the USA (Embassy)!

Pot, meet Kettle. On Monday, Global Times criticized the US Embassy in Beijing for violating China’s Personal Information Protection Law (PIPL). The report cites Chinese staffers complaining about background checks: Staffers were asked to provide comprehensive personal, family, and social med…

Pot, meet Kettle.
On Monday, Global Times criticized the US Embassy in Beijing for violating China’s Personal Information Protection Law (PIPL).
The report cites Chinese staffers complaining about background checks:

Staffers were asked to provide comprehensive personal, family, and social med...

sources

Global Times: 独家披露美国驻华使领馆“违法行为”！“中方雇员敢怒不敢言”

Global Times: Exclusive: US Embassy, Consulates in China excessively collect Chinese employees’ information, may turn over data to US intelligence agencies, posing data leakage risk: source

September 20, 2022

On a smart desert highway

On Monday, Chinese media reported that state-owned China Communications Construction Group is building a smart, green highway freight project in China’s remote northwest. The 428km stretch of highway in Gansu and Xinjiang will demonstrate two technologies: Road-integrated autonomous heavy-duty truc…

On Monday, Chinese media reported that state-owned China Communications Construction Group is building a smart, green highway freight project in China’s remote northwest.
The 428km stretch of highway in Gansu and Xinjiang will demonstrate two technologies:

Road-integrated autonomous heavy-duty truc...

sources

ST Daily: 打破传统交通运输业态模式世界首条绿色数字专用公路正加快推进

September 20, 2022

Do it faster

The macro planner’s (NDRC) got the need for speed. At a Monday presser, NDRC spokesperson Meng Wei fielded questions on a whole mess of topics. Here we focus on her comments on economic recovery. The SparkNotes version: Things are improving, but they need to improve faster. Some context: August econ…

The macro planner's (NDRC) got the need for speed.
At a Monday presser, NDRC spokesperson Meng Wei fielded questions on a whole mess of topics.
Here we focus on her comments on economic recovery.
The SparkNotes version: Things are improving, but they need to improve faster.
Some context: August econ...

sources

NDRC: 国家发展改革委9月份新闻发布会

September 19, 2022

Keep those chips coming

Li Zhanshu, China’s third-ranked official and head of the legislature, wrapped up a three-day visit to South Korea on Saturday. Take me home! In his first international travels since the pandemic started, Li has been promoting China’s interests in Russia, Mongolia, and Nepal. Last stop, Seoul: Li me…

Li Zhanshu, China’s third-ranked official and head of the legislature, wrapped up a three-day visit to South Korea on Saturday.
Take me home! In his first international travels since the pandemic started, Li has been promoting China's interests in Russia, Mongolia, and Nepal.
Last stop, Seoul: Li me...

sources

NPC: 栗战书对韩国进行正式友好访问

September 19, 2022

What we do on the sidelines

What would a multilateral summit be without some tasty bilats for us to chew on? On Friday, Xi Jinping made time for more one-on-ones with world leaders on the sidelines of the Shanghai Cooperation Organization (SCO) heads of state summit in Samarkand, Uzbekistan. These were: Iranian President Ebra…

What would a multilateral summit be without some tasty bilats for us to chew on?
On Friday, Xi Jinping made time for more one-on-ones with world leaders on the sidelines of the Shanghai Cooperation Organization (SCO) heads of state summit in Samarkand, Uzbekistan.
These were:

Iranian President Ebra...

sources

MoFA: President Xi Jinping Meets Pakistani Prime Minister Muhammad Shehbaz Sharif

MoFA: President Xi Jinping Meets Iranian President Ebrahim Raisi

MoFA: President Xi Jinping Meets with President Recep Tayyip Erdoğan of Türkiye

India Today: No handshake, no smiles: PM Modi, Chinese President Xi Jinping share stage at SCO summit

September 19, 2022

Eurasian sensation

On Friday, Xi Jinping attended the 22nd Meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) in Samarkand, Uzbekistan. ICYMI: This is Xi’s first trip abroad since the initial outbreak of COVID-19. Also in attendance were the heads of state of: Azerbaijan Belarus I…

On Friday, Xi Jinping attended the 22nd Meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) in Samarkand, Uzbekistan.
ICYMI: This is Xi’s first trip abroad since the initial outbreak of COVID-19.
Also in attendance were the heads of state of:

Azerbaijan
Belarus
I...

sources

MoFA: President Xi Jinping Attends the 22nd Meeting of the SCO Council of Heads of State and Delivers Important Remarks

MoFA: Ride on the Trend of the Times and Enhance Solidarity and Cooperation to Embrace a Better Future

September 19, 2022

Still hurting

Things are not getting any better for China’s beleaguered real estate sector. Data released Friday for August shows that home sales are still dropping: By value, home sales fell 20.9% y/y The amount of floor space sold dropped 24.3% y/y Something else that has not changed: Developers are continui…

Things are not getting any better for China’s beleaguered real estate sector.
Data released Friday for August shows that home sales are still dropping:

By value, home sales fell 20.9% y/y
The amount of floor space sold dropped 24.3% y/y

Something else that has not changed: Developers are continui...

sources

NBS: 2022年1—8月份全国房地产开发投资下降7.4%

NBS: 2022年8月份70个大中城市商品住宅销售价格变动情况

September 19, 2022

It’s not that SIMple

On Thursday, The Ministry of Industry and Information Technology (MIIT) indicated that it may have its eye on releasing policy support for eSIM cards. Tech recap: An eSIM – or embedded SIM – is a re-programmable, non-removable SIM card that is hard-wired into an internet-connected device, like a mob…

On Thursday, The Ministry of Industry and Information Technology (MIIT) indicated that it may have its eye on releasing policy support for eSIM cards.
Tech recap: An eSIM - or embedded SIM - is a re-programmable, non-removable SIM card that is hard-wired into an internet-connected device, like a mob...

sources

The Paper: 工信部研究在手机上应用eSIM技术：安全性如何？这些公司已布局

September 19, 2022

Lithium is the new concrete

Last Friday, the Ministry of Industry, Information, and Technology (MIIT) called lithium miners, refiners, and brokers to a meeting to discuss supply and pricing of the metal. Background: The price of lithium carbonate – a critical raw material for electric vehicle batteries – has been going haywir…

Last Friday, the Ministry of Industry, Information, and Technology (MIIT) called lithium miners, refiners, and brokers to a meeting to discuss supply and pricing of the metal.
Background: The price of lithium carbonate – a critical raw material for electric vehicle batteries – has been going haywir...

sources

MIIT: 工业和信息化部原材料工业司组织召开锂资源产业发展座谈会

CAAM: 2022年7月汽车工业产销情况简述

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