string(13) "markets-macro"

Macro

January 20, 2025

Beijing unveils plan for education reforms

Education is at the heart of Beijing’s tech ambitions. On Sunday, the Party Central Committee and the State Council released a master plan to build a world-class education system by 2035. Some context: Education reform has become a key policy priority, with the Third Plenum Decisions placing … Username Password Remember Me Forgot… Read More »

Education is at the heart of Beijing’s tech ambitions.
On Sunday, the Party Central Committee and the State Council released a master plan to build a world-class education system by 2035.
Some context: Education reform has become a key policy priority, with the Third Plenum Decisions placing ...

sources

Gov.cn: 中共中央国务院印发《教育强国建设规划纲要（2024－2035年）》

Caixin: 最新财新周刊｜教育财政响警钟

January 20, 2025

Premier Li Qiang pushes job creation

Top leaders remain deeply concerned about unemployment. On Monday, Premier Li Qiang devoted the State Council executive meeting to job creation. ICYDK: At 15.7% in December, China’s youth unemployment rate is alarmingly high (although it has improved somewhat since hitting 17.6% in September). The…

Top leaders remain deeply concerned about unemployment.
On Monday, Premier Li Qiang devoted the State Council executive meeting to job creation.
ICYDK: At 15.7% in December, China's youth unemployment rate is alarmingly high (although it has improved somewhat since hitting 17.6% in September).

The...

sources

Gov.cn: 李强主持召开国务院常务会议研究促进就业有关政策措施听取优化基层医疗卫生机构布局建设情况的汇报研究高等教育综合改革试点工作

January 20, 2025

Dragon Year baby boom not enough to reverse China’s falling population

China’s population declined for the third year in a row in 2024, despite an uptick in the birthrate. On Friday, the stats bureau (NBS) released data showing that China’s official headcount was 1.408 billion at the end of 2024, down 1.39 million from 2023. Pro-natalist policy measures appear to be b…

China's population declined for the third year in a row in 2024, despite an uptick in the birthrate.
On Friday, the stats bureau (NBS) released data showing that China's official headcount was 1.408 billion at the end of 2024, down 1.39 million from 2023.
Pro-natalist policy measures appear to be b...

sources

Stats.gov.cn: 王萍萍：人口总量降幅收窄人口素质持续提升

Caixin: 2024年全国总人口减少139万老龄化程度加深

Global Times: China records 520,000 more births in 2024 compared to 2023: NBS

January 18, 2025

Xi and Trump talk TikTok

Are Xi and Trump aligned on the fate of TikTok? On Friday, state media announced that Xi and Trump held a phone call. While the Chinese readout didn’t outline what was discussed, Trump made a post about the call on Truth Social, stating: “I just spoke to Chairman Xi Jinping of China. The call was…

Are Xi and Trump aligned on the fate of TikTok?
On Friday, state media announced that Xi and Trump held a phone call.
While the Chinese readout didn't outline what was discussed, Trump made a post about the call on Truth Social, stating:

"I just spoke to Chairman Xi Jinping of China. The call was...

sources

People.cn: 习近平同特朗普通电话

Truth Social: @realDonaldTrump

January 18, 2025

MofCom warns US that additional mineral export controls stand ready

The Ministry of Commerce (MofCom) wants you to know it is prepared to continue ramping up its use of critical mineral export controls in response to US pressure. What happened: At a press conference on Thursday, a reporter asked a MofCom spokesperson: “In 2025, will the Ministry of Commerce streng…

The Ministry of Commerce (MofCom) wants you to know it is prepared to continue ramping up its use of critical mineral export controls in response to US pressure.
What happened: At a press conference on Thursday, a reporter asked a MofCom spokesperson:

"In 2025, will the Ministry of Commerce streng...

sources

MofCom: 商务部新闻发言人就两用物项出口管制有关问题答记者问

January 18, 2025

The dog that caught the TikTok

The TikTok story is over. Or is it? On Friday, the US Supreme Court upheld a law that will force TikTok to divest from its Chinese parent company by January 19 or face a nation-wide ban. TikTok has no divestment plan. That means the app will be banned on Sunday. Thing is, no one is… Read More »

The TikTok story is over.

Or is it?

On Friday, the US Supreme Court upheld a law that will force TikTok to divest from its Chinese parent company by January 19 or face a nation-wide ban.

TikTok has no divestment plan.
That means the app will be banned on Sunday.

Thing is, no one is quite sure ...

sources

Washington Post: Supreme Court upholds TikTok ban-or-sale law slated to start Sunday

January 18, 2025

MofCom threatens retaliation for US Section 301 investigation into Chinese legacy chips

The US-China trade spat just escalated again. On Thursday, China’s commerce ministry (MofCom) threatened to launch an anti-dumping investigation into US-made legacy chips. ICYMI: In December, the Biden administration initiated a Section 301 investigation into Chinese-made legacy chips, likely …

The US-China trade spat just escalated again.
On Thursday, China's commerce ministry (MofCom) threatened to launch an anti-dumping investigation into US-made legacy chips.
ICYMI: In December, the Biden administration initiated a Section 301 investigation into Chinese-made legacy chips, likely ...

sources

MofCom: 商务部新闻发言人就国内有关芯片产业反映自美进口成熟制程芯片低价冲击国内市场事答记者问

CSIA: 支持在中国发展的内外资半导体企业，依据世贸组织规则，维护自身合法权益

CCCME: 中国机电商会支持中国相关芯片产业依法维护自身合法权益

January 18, 2025

State Grid announces record infrastructure investment target for 2025

China could be on the brink of a new grid investment supercycle. On Wednesday, State Grid Corporation of China (SGCC) announced plans to invest “over RMB 650 billion” in grid infrastructure development in 2025 – an all-time record. ICYDK: SGCC is China’s largest grid operator and the world’s third-l…

China could be on the brink of a new grid investment supercycle.
On Wednesday, State Grid Corporation of China (SGCC) announced plans to invest "over RMB 650 billion" in grid infrastructure development in 2025 – an all-time record.
ICYDK: SGCC is China’s largest grid operator and the world’s third-l...

sources

Caixin: 国家电网2025年投资将超6500亿元创历史新高

cls.cn: 中信证券：2023-2024年电网投资有望延续加速状态

January 18, 2025

MofCom finds against PVH following UEL probe

There’s more where that came from. On Thursday, the Ministry of Commerce (MofCom) announced that its probe into PVH Group found that the company had “engaged in inappropriate behavior related to Xinjiang.” Some context: In September, MofCom announced an investigation into PVH Group, the US parent co…

There’s more where that came from.
On Thursday, the Ministry of Commerce (MofCom) announced that its probe into PVH Group found that the company had “engaged in inappropriate behavior related to Xinjiang.”
Some context: In September, MofCom announced an investigation into PVH Group, the US parent co...

sources

MofCom: 商务部新闻发言人就不可靠实体清单有关措施答记者问

SCMP: China hits back at US curbs with multifront probes into American firms

US Department of Homeland Security: DHS Announces Addition of 37 PRC-Based Companies to UFLPA Entity List

January 18, 2025

Manufacturing drove the economy in December

December was another strong month for manufacturing – less so for other parts of the economy. On Friday, the statistics bureau (NBS) released economic data for December. The major bright spot was industrial value-added (IVA), which grew 6.2% y/y, compared to 5.4% growth in November. Manufacturing I…

December was another strong month for manufacturing – less so for other parts of the economy.
On Friday, the statistics bureau (NBS) released economic data for December.
The major bright spot was industrial value-added (IVA), which grew 6.2% y/y, compared to 5.4% growth in November.

Manufacturing I...

sources

NBS: 2024年全国固定资产投资增长3.2%

NBS: 2024年12月份规模以上工业增加值增长6.2%

NBS: 2024年12月份社会消费品零售总额增长3.7%

January 18, 2025

A cracking end to 2024 for China’s economy

After a sluggish two quarters, GDP growth romped home in Q4. Per data released by the stats bureau (NBS) on Friday: Real GDP grew by 5.4% y/y in the last quarter of 2024, a big acceleration from 4.6% growth in Q3. Quarter-on-quarter, the GDP rose 1.6% in Q4, compared with a 1.3% expansion in Q3.… Read More »

Quarter-on-quarter, the GDP rose 1.6% in Q4, compared with a 1.3% expansion in Q3.

R...

sources

NBS: 2024年经济运行稳中有进主要发展目标顺利实现

January 17, 2025

BIS releases fourth iteration of chip export controls

We thought the AI Diffusion rule would be the Biden administration’s last major chip-related move before leaving office. Nope. On Wednesday, the US Commerce Department’s Bureau of Industry and Security (BIS) released a revision to US export controls on advanced semiconductor technologies to China….

We thought the AI Diffusion rule would be the Biden administration's last major chip-related move before leaving office.

Nope.

On Wednesday, the US Commerce Department's Bureau of Industry and Security (BIS) released a revision to US export controls on advanced semiconductor technologies to China....

sources

BIS: Commerce Strengthens Restrictions on Advanced Computing Semiconductors to Enhance Foundry Due Diligence and Prevent Diversion to PRC

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