string(13) "markets-macro"

Macro

January 17, 2025

NDA wants data transactions to be above-board

Data security is the foundation of the data market. On Wednesday, the macro planner (NDRC), data authority (NDA), cyberspace administration (CAC), police (PSB), and two other departments issued a plan to improve data security in data transactions. Implementation will run through 2027. Some context… Username Password Remember Me Forgot Password

Data security is the foundation of the data market.
On Wednesday, the macro planner (NDRC), data authority (NDA), cyberspace administration (CAC), police (PSB), and two other departments issued a plan to improve data security in data transactions.

Implementation will run through 2027.

Some context...

sources

Gov.cn: 国家发展改革委等部门印发《关于完善数据流通安全治理更好促进数据要素市场化价值化的实施方案》的通知

January 17, 2025

MofCom adds four more US defense companies to UEL

Retaliatory actions are picking up speed. On Wednesday, China’s Ministry of Commerce (MofCom) added four more US defense industry companies to the Unreliable Entity List (UEL) for arms sales to Taiwan. The lucky winners are: Pacific Rim Defense AEVEX Aerospace LKD Aerospace Summit Technologies Som…

Retaliatory actions are picking up speed.
On Wednesday, China’s Ministry of Commerce (MofCom) added four more US defense industry companies to the Unreliable Entity List (UEL) for arms sales to Taiwan.
The lucky winners are:

Pacific Rim Defense
AEVEX Aerospace
LKD Aerospace
Summit Technologies

Som...

sources

MofCom: 不可靠实体清单工作机制关于对环太平洋防务公司等4家美国企业采取不可靠实体清单措施的公告

January 17, 2025

NEV export recovery beats expectations, as ICEs fall off

China’s overall auto exports posted a decent December to cap off a tumultuous Q4. According to the China Passenger Car Association’s December data, passenger vehicle exports totaled 404,000 units for the month, including 122,000 new energy vehicles (NEVs). That represents 6% y/y and 2% m/m growth f…

China's overall auto exports posted a decent December to cap off a tumultuous Q4.
According to the China Passenger Car Association's December data, passenger vehicle exports totaled 404,000 units for the month, including 122,000 new energy vehicles (NEVs).

That represents 6% y/y and 2% m/m growth f...

sources

CPCA: 【月度分析】2024年12月份全国乘用车市场分析

January 17, 2025

NEVs, ICEs enjoy end-of-year growth spurt

China’s auto industry closed out 2024 strong, with both new energy vehicles (NEV) and gas-powered vehicles (ICE) posting significant retail sales growth in December. According to China Passenger Car Association data released this week: Monthly NEV sales hit a 2024 high of 1.302 million, up 38% y/y …

China's auto industry closed out 2024 strong, with both new energy vehicles (NEV) and gas-powered vehicles (ICE) posting significant retail sales growth in December.
According to China Passenger Car Association data released this week:

Monthly NEV sales hit a 2024 high of 1.302 million, up 38% y/y ...

sources

CPCA: 【月度分析】2024年12月份全国乘用车市场分析

January 17, 2025

US announces largest expansion of UFLPA entity list to date

On January 14, the US Department of Homeland Security added 37 more Chinese companies to the import blacklist under the Uyghur Forced Labor Prevention Act (UFLPA Entity List). All firms are accused of employing forced labor directly or sourcing products made through forced labor. The latest expans…

On January 14, the US Department of Homeland Security added 37 more Chinese companies to the import blacklist under the Uyghur Forced Labor Prevention Act (UFLPA Entity List).

All firms are accused of employing forced labor directly or sourcing products made through forced labor.

The latest expans...

sources

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

January 16, 2025

Xi Jinping meets Sri Lankan president and calls Vietnam’s top leader

On Wednesday, Xi Jinping kicked off a new year of neighborhood diplomacy by: Meeting with Sri Lankan President Anura Kumara Dissanayake Holding a call with General Secretary of the Vietnamese Communist Party Tô Lâm The big man’s comments to both leaders fell into several familiar buckets, includin…

On Wednesday, Xi Jinping kicked off a new year of neighborhood diplomacy by:

Meeting with Sri Lankan President Anura Kumara Dissanayake
Holding a call with General Secretary of the Vietnamese Communist Party Tô Lâm

The big man’s comments to both leaders fell into several familiar buckets, includin...

sources

Gov.cn: Xi calls for fostering new highlights in China-Sri Lanka cooperation

MoFA: 习近平同越共中央总书记苏林通电话

Gov.cn: Chinese premier meets delegation of Japan's ruling coalition

January 16, 2025

State Council cracks down on IPO fraud

On Wednesday, the State Council issued new regulations governing IPO intermediary service providers. The goal: To crack down on providers – including accountants, bankers, and lawyers – colluding with companies to commit IPO fraud (Caixin). “Some intermediary institutions have linked their fee…

On Wednesday, the State Council issued new regulations governing IPO intermediary service providers.
The goal: To crack down on providers – including accountants, bankers, and lawyers – colluding with companies to commit IPO fraud (Caixin).

“Some intermediary institutions have linked their fee...

sources

Caixin: 关于《国务院关于规范中介机构为公司公开发行股票提供服务的规定（征求意见稿）》的起草说明

Gov.cn: 国务院关于规范中介机构为公司公开发行股票提供服务的规定

January 16, 2025

On Our Radar | Assessing stimulus

The most important upcoming developments for policy and politics in China over the next month key developments econ and finance Q4 GDP data (January 17) foreign affairs Donald Trump and Xi Jinping’s first official interaction following Trump’s inauguration (next four weeks) World Economic Forum (…

The most important upcoming developments for policy and politics in China over the next month
key developments
econ and finance

Q4 GDP data (January 17)

foreign affairs

Donald Trump and Xi Jinping’s first official interaction following Trump's inauguration (next four weeks)
World Economic Forum (...

January 16, 2025

Chinese industry associations release another round of statements on US export curbs

Chinese industry is once again taking aim at US chip restrictions. On Tuesday, three major Chinese industry associations released statements condemning the US Commerce Department’s proposed AI Diffusion rule. Commenters included: China Semiconductor Industry Association China Association of Automob…

Chinese industry is once again taking aim at US chip restrictions.
On Tuesday, three major Chinese industry associations released statements condemning the US Commerce Department's proposed AI Diffusion rule. Commenters included:

China Semiconductor Industry Association
China Association of Automob...

sources

The Paper: 中国半导体行业协会：美对华出口限制造成了美国芯片的不安全性和不可靠性

The Paper: 中国通信企业协会：信息通信业对美国芯片产品的信任已经动摇

The Paper: 中汽协：美国频繁出台对华出口限制影响美国芯片的供应可靠性，中国车企需要寻找替代供应商，建设多元化芯片供应链

January 16, 2025

US finalizes rules banning Chinese smart cars

If you can’t beat ‘em, ban ‘em. On Tuesday, the US Commerce Department released final rules restricting US availability of smart cars and components from China and Russia. We covered the draft rules back in September. The rules cover passenger vehicles, and include restrictions on the import or sa…

If you can’t beat ‘em, ban ‘em.
On Tuesday, the US Commerce Department released final rules restricting US availability of smart cars and components from China and Russia.

We covered the draft rules back in September.

The rules cover passenger vehicles, and include restrictions on the import or sa...

sources

BIS: Commerce Finalizes Rule to Secure Connected Vehicle Supply Chains from Foreign Adversary Threats

White House: FACT SHEET: Safeguarding America from National Security Risks of Connected Vehicle Technology from China and Russia

Bloomberg: Biden Toughens China Curbs With AI Order, Smart Car Tech Ban

January 16, 2025

TikTok refugees flee to Xiaohongshu

Well, this is entertaining. US TikTok users are fleeing en masse to Chinese social media platform Xiaohongshu – also called RedNote – in protest against the TikTok ban. Xiaohongshu has become the most downloaded app in US app stores overnight. The platform is flooded with posts from US TikTok users…

Well, this is entertaining.
US TikTok users are fleeing en masse to Chinese social media platform Xiaohongshu – also called RedNote – in protest against the TikTok ban.

Xiaohongshu has become the most downloaded app in US app stores overnight.
The platform is flooded with posts from US TikTok users...

sources

Caixin: 大批美国TikTok创作者涌入小红书自称“TikTok难民”

Weibo: 董煜

January 15, 2025

Commercial paper defaults point to escalating local debt woes

China’s local government financing vehicles (LGFVs) entered 2025 in worse financial shape than a year ago. At the end of December, the number of LGFVs that had repeatedly defaulted on commercial acceptance drafts (CADs) had risen to a record high of 87, up from 79 in November. Shandong alone accoun…

China’s local government financing vehicles (LGFVs) entered 2025 in worse financial shape than a year ago.
At the end of December, the number of LGFVs that had repeatedly defaulted on commercial acceptance drafts (CADs) had risen to a record high of 87, up from 79 in November.

Shandong alone accoun...

sources

SHCPE: 截至2024年12月31日承兑人逾期名单

SHCPE: 截至2024年12月31日持续逾期名单

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