string(13) "markets-macro"

Macro

September 8, 2022

Data dump – trade

China’s General Administration of Customs released trade data for August on Wednesday. The headlines: Exports rose 7.1% y/y in dollar terms in August, down from 18.0% y/y growth in July. Imports increased by 0.3% y/y last month, versus 2.3% y/y growth in July. The trade surplus was USD 79 billion i… Username Password Remember Me… Read More »

China’s General Administration of Customs released trade data for August on Wednesday.
The headlines:

Exports rose 7.1% y/y in dollar terms in August, down from 18.0% y/y growth in July.
Imports increased by 0.3% y/y last month, versus 2.3% y/y growth in July.
The trade surplus was USD 79 billion i...

sources

Bloomberg: China’s Economy Takes Hit From Global Slowdown as Exports Weaken

SCMP: China trade: export growth slows and surprises as weak yuan tests key level

September 8, 2022

Flash talk | Look out! Previewing the 20th Party Congress

Trivium Partner and Co-Founder Trey McArver joins Editorial Director Kelly Layton to discuss the upcoming 20th Party Congress, which kicks off on October 16 – including the big things we’re watching for across power, personnel, and policy. …

Trivium Partner and Co-Founder Trey McArver joins Editorial Director Kelly Layton to discuss the upcoming 20th Party Congress, which kicks off on October 16 – including the big things we're watching for across power, personnel, and policy.

...

September 8, 2022

Spartaaaaaaa!

On Tuesday, the Blockchain Services Network (BSN) announced the official launch of its international sister, the Spartan Network, at a Hong Kong press conference. Recap: The BSN is China’s state-backed blockchain platform. Since Chinese policymakers have banned crypto, the BSN aims to make an alter…

On Tuesday, the Blockchain Services Network (BSN) announced the official launch of its international sister, the Spartan Network, at a Hong Kong press conference.
Recap: The BSN is China's state-backed blockchain platform.

Since Chinese policymakers have banned crypto, the BSN aims to make an alter...

sources

Jinse Jingji: BSN于香港面向海外发布“无币公链”Spartan Network

SCMP: China’s state-backed architect of non-crypto blockchain makes first major push outside mainland

September 8, 2022

Spend those bonds!

We keep saying that a major hurdle in deploying special purpose bond (SPB) funds is the lack of eligible projects. Well, the Ministry of Finance (MoF) has clearly been paying attention, because it’s looking at expanding the type of investments SPBs can be used for, to make sure the money’s deployed …

We keep saying that a major hurdle in deploying special purpose bond (SPB) funds is the lack of eligible projects.
Well, the Ministry of Finance (MoF) has clearly been paying attention, because it's looking at expanding the type of investments SPBs can be used for, to make sure the money's deployed ...

sources

SCIO: 国务院政策例行吹风会：介绍稳经济一揽子政策的接续政策措施

Yicai: 超千亿专项债作项目资本金政策将调整：财政部研究扩大范围

September 8, 2022

We could be cyber-security heroes, just for one day!

On Tuesday, a consortium of leading academic cybersecurity experts sponsored by the Ministry of Education (MoE) released a white paper on the availability of cybersecurity talent. It’s an extensive analysis: The white paper collates over 85,000 responses from over 420 professional cybersecurity even…

On Tuesday, a consortium of leading academic cybersecurity experts sponsored by the Ministry of Education (MoE) released a white paper on the availability of cybersecurity talent.
It’s an extensive analysis: The white paper collates over 85,000 responses from over 420 professional cybersecurity even...

sources

STDaily: 注重攻防对抗，《网络安全人才实战能力白皮书》发布

September 8, 2022

YMTC to become new iPhone supplier

On Tuesday, Business Korea scooped that China’s best memory chipmaker YMTC has become a NAND flash supplier for Apple’s iPhone 14 series. Some context: Apple is trying to diversify its NAND flash memory beyond its core suppliers, which are based in Korea and Japan. In April, Apple was reporte…

On Tuesday, Business Korea scooped that China’s best memory chipmaker YMTC has become a NAND flash supplier for Apple’s iPhone 14 series.
Some context: Apple is trying to diversify its NAND flash memory beyond its core suppliers, which are based in Korea and Japan.

In April, Apple was reporte...

sources

Business Korea: Apple Adds China's YTMC to List of NAND Flash Suppliers

Bloomberg: Apple Weighs More Memory Chip Suppliers, Including China

September 8, 2022

Netflix and Chill? More like Douyin and Jail!

On Tuesday, Chinese media reported that a Jiangsu Court upheld an interesting ruling in an algorithm-related lawsuit that video streaming service iQiYi filed against a short video platform. The court mysteriously kept the defendant’s name anonymous, but noted that the platform is “well-kn…

On Tuesday, Chinese media reported that a Jiangsu Court upheld an interesting ruling in an algorithm-related lawsuit that video streaming service iQiYi filed against a short video platform.

The court mysteriously kept the defendant's name anonymous, but noted that the platform is "well-kn...

sources

The Paper: 判赔百万！全国首例短视频平台算法推荐侵权纠纷判决生效

The Paper: 短视频平台算法向用户推荐侵权视频，法院认定有过错判赔百万

September 8, 2022

The long goodbye

Going, going, gone. On Wednesday, Caixin reported that distressed property developer Evergrande has finally auctioned off the last of its stake in Liaoning province-based Shengjing Bank. Some context: At its peak, Evergrande’s stake in the small, regional lender was about 37%. Starting in August 20…

Going, going, gone.
On Wednesday, Caixin reported that distressed property developer Evergrande has finally auctioned off the last of its stake in Liaoning province-based Shengjing Bank.
Some context: At its peak, Evergrande’s stake in the small, regional lender was about 37%.

Starting in August 20...

sources

Caixin: 恒大集团退出盛京银行沈阳国资联合体再接盘近15%股权

September 8, 2022

Build, baby, build

It’s time to finish what you started. That’s the message from the government of Zhengzhou, Henan, to the city’s developers. On Wednesday, Reuters reported that Zhengzhou has pledged that all stalled housing projects will resume construction within the month. Authorities said in a notice dated Tuesda…

It’s time to finish what you started.
That’s the message from the government of Zhengzhou, Henan, to the city’s developers.
On Wednesday, Reuters reported that Zhengzhou has pledged that all stalled housing projects will resume construction within the month.
Authorities said in a notice dated Tuesda...

sources

Reuters: Chinese city to start building stalled housing projects amid mortgage boycott

September 8, 2022

The catch in the CHIPs

On Tuesday, the US government announced more details about the whopping USD 52 billion of semiconductor subsidies allocated in the CHIPS Act. Recap: The CHIPS Act offers subsidies for companies to boost semiconductor production in the US. But it also bans those companies from receiving funding if t…

On Tuesday, the US government announced more details about the whopping USD 52 billion of semiconductor subsidies allocated in the CHIPS Act.
Recap: The CHIPS Act offers subsidies for companies to boost semiconductor production in the US.

But it also bans those companies from receiving funding if t...

sources

SCMP: US Chips Act bars American companies in China from building ‘advanced tech’ factories for 10 years

September 8, 2022

Shanghai Data Exchange weighs in on data registration

Last week, the Shanghai Data Exchange (SDE) released a white paper on creating a nationwide data asset registration system. Background: Over the past four years, several major cities in China have launched experimental data exchanges – basically shopping malls for data. On those exchanges, policyma…

Last week, the Shanghai Data Exchange (SDE) released a white paper on creating a nationwide data asset registration system.
Background: Over the past four years, several major cities in China have launched experimental data exchanges - basically shopping malls for data.

On those exchanges, policyma...

sources

Shanghai Data Exchange: 《全国统一数据资产登记体系建设白皮书》发布，上海“提案”引领跨区域数据要素流通探索

September 8, 2022

Yuanna see 7?

As the CNY edges closer to the psychological red line of 7 per USD, Beijing’s push to slow its decline continues. On Wednesday, Bloomberg reported that China’s central bank (PBoC) set the USD/CNY central parity rate 454 pips stronger than traders were forecasting, the strongest bias on record, fixin…

As the CNY edges closer to the psychological red line of 7 per USD, Beijing's push to slow its decline continues.
On Wednesday, Bloomberg reported that China's central bank (PBoC) set the USD/CNY central parity rate 454 pips stronger than traders were forecasting, the strongest bias on record, fixin...

sources

Bloomberg: China Sets Yuan Fix at Strongest Bias on Record as Losses Mount

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