string(13) "markets-macro"

Macro

January 9, 2025

Hubei welcomes new Party boss

On the last day of 2024, the Party initiated a reshuffle of top positions in four provinces—appointing new Party secretaries for Hubei, Qinghai, Henan, and Guangxi. Today, we profile the new Hubei Party Secretary, Wang Zhonglin. Wang, 62, replaces Wang Menghui, who has reached retirement age. Wang… Username Password Remember Me Forgot Password

Wang, 62, replaces Wang Menghui, who has reached retirement age.

Wang...

sources

Xinhua: 湖北省委主要负责同志职务调整王忠林任湖北省委书记

January 9, 2025

Party disciplinary inspectors to draft China’s FCPA

China’s taking a page from America’s anti-corruption playbook. On Wednesday, Xinhua released the communiqué of the fourth plenary session of the Central Commission for Discipline Inspection (CCDI), the Party’s anti-graft enforcers. For 2025, priority No. 1 is ensuring the implementation of reform ag…

China's taking a page from America's anti-corruption playbook.
On Wednesday, Xinhua released the communiqué of the fourth plenary session of the Central Commission for Discipline Inspection (CCDI), the Party's anti-graft enforcers.
For 2025, priority No. 1 is ensuring the implementation of reform ag...

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Xinhua: 受权发布丨中国共产党第二十届中央纪律检查委员会第四次全体会议公报

January 9, 2025

Beijing sets 10-year timeline for complete elderly care system

The Party Central Committee and State Council released guidelines for developing urgently needed elderly care services over the next decade on Tuesday. ICYDK: China’s population is aging – nearly 300 million Chinese are over 60, and more than 15% of the population is over 65. Those figures are set …

The Party Central Committee and State Council released guidelines for developing urgently needed elderly care services over the next decade on Tuesday.
ICYDK: China's population is aging – nearly 300 million Chinese are over 60, and more than 15% of the population is over 65.

Those figures are set ...

sources

Gov.cn: 中共中央国务院关于深化养老服务改革发展的意见

January 9, 2025

Prices stay weak in December

Consumer prices weakened further in December – but government stimulus policies are providing much needed support. Per data released by the stats bureau (NBS) on Thursday: Consumer prices (CPI) grew 0.1% y/y in December, down from 0.2% growth the previous month. Producer prices (PPI) fell by 2.3% y…

Consumer prices weakened further in December – but government stimulus policies are providing much needed support.
Per data released by the stats bureau (NBS) on Thursday:

Consumer prices (CPI) grew 0.1% y/y in December, down from 0.2% growth the previous month.
Producer prices (PPI) fell by 2.3% y...

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NBS: 2024年12月份居民消费价格同比上涨0.1%

NBS: 2024年12月份工业生产者出厂价格同比降幅收窄

January 9, 2025

Auto trade-in program renewed, expanded for 2025

On Wednesday, the macro planner (NDRC) expanded the scope of its auto trade-in program. Some context: Auto trade-ins are a pillar of the consumer trade-in program the State Council launched in March to stimulate consumption. On Wednesday, the NDRC also expanded other parts of the program to include…

On Wednesday, the macro planner (NDRC) expanded the scope of its auto trade-in program.
Some context: Auto trade-ins are a pillar of the consumer trade-in program the State Council launched in March to stimulate consumption.

On Wednesday, the NDRC also expanded other parts of the program to include...

sources

NDRC: 关于2025年加力扩围实施大规模设备更新和消费品以旧换新政策的通知(发改环资〔2025〕13号)

January 9, 2025

NDRC flags more support for industrial upgrading

More funding is coming for China’s industrial upgrading program. On Wednesday, the macro planner (NDRC) said it will increase the amount of ultra-long-term special treasury bonds (STBs) earmarked to subsidize the program. It didn’t say how much additional funding would be provided. ICDYK: In July,…

More funding is coming for China's industrial upgrading program.
On Wednesday, the macro planner (NDRC) said it will increase the amount of ultra-long-term special treasury bonds (STBs) earmarked to subsidize the program.

It didn’t say how much additional funding would be provided.

ICDYK: In July,...

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NDRC: 关于2025年加力扩围实施大规模设备更新和消费品以旧换新政策的通知

January 9, 2025

Third compliance method for personal information exports nears readiness

Everyone likes to have options. On Friday, the cyberspace administration (CAC) released draft measures governing personal information export security certifications. Quick recap: The Personal Information Protection Law (PIPL) outlines three pathways companies can use to legally export personal infor…

Everyone likes to have options.
On Friday, the cyberspace administration (CAC) released draft measures governing personal information export security certifications.
Quick recap: The Personal Information Protection Law (PIPL) outlines three pathways companies can use to legally export personal infor...

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CAC: 国家互联网信息办公室关于《个人信息出境个人信息保护认证办法（征求意见稿）》公开征求意见的通知

January 9, 2025

NDRC’s new flying car department

It’s official! The macro planner (NDRC) has finally set up a new Low-altitude Economy Development Department (Caixin). ICYMI: The low-altitude economy has been a major focus throughout 2024, with strong backing from top leaders. We previously flagged that the NDRC would likely spearhead…

It’s official! The macro planner (NDRC) has finally set up a new Low-altitude Economy Development Department (Caixin).
ICYMI: The low-altitude economy has been a major focus throughout 2024, with strong backing from top leaders.

We previously flagged that the NDRC would likely spearhead...

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Caixin: 国家发改委低空司正式上线基建是当下关注重点

January 8, 2025

Debt-laden developers struggle to meet terms of land buyback scheme

Once considered a lifeline, the state-backed land buyback scheme now risks sidelining some of the most deeply distressed property developers. In an interview published Tuesday, an unnamed developer expressed frustration over the program’s excessively restrictive terms. ICYDK: In November, the Minist…

Once considered a lifeline, the state-backed land buyback scheme now risks sidelining some of the most deeply distressed property developers.
In an interview published Tuesday, an unnamed developer expressed frustration over the program’s excessively restrictive terms.
ICYDK: In November, the Minist...

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Economic Observer: 专项债收储存量闲置土地遇难题

January 8, 2025

Local governments get more flexibility over SPBs

Beijing has granted local governments greater flexibility in allocating funds raised through special-purpose bonds (SPBs). Under new rules issued by the State Council on December 25, local authorities can use SPBs to fund any project, provided it’s not on Beijing’s “negative list” of restricted area…

Beijing has granted local governments greater flexibility in allocating funds raised through special-purpose bonds (SPBs).
Under new rules issued by the State Council on December 25, local authorities can use SPBs to fund any project, provided it's not on Beijing's "negative list" of restricted area...

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Gov.cn: 国务院办公厅关于优化完善地方政府专项债券管理机制的意见

January 8, 2025

China targets 7% reduction in livestock feed demand

China’s livestock are going on a diet. On Sunday, the agriculture ministry (MARA) launched a new campaign to cut livestock feed demand. The campaign targets a 7% reduction in livestock feed consumption per unit product on large-scale farms by 2030, relative to 2023 levels. Simply put, farms should …

China's livestock are going on a diet.
On Sunday, the agriculture ministry (MARA) launched a new campaign to cut livestock feed demand.
The campaign targets a 7% reduction in livestock feed consumption per unit product on large-scale farms by 2030, relative to 2023 levels.

Simply put, farms should ...

sources

MARA: 农业农村部关于实施养殖业节粮行动的意见

Economic Daily: [2023] 饲料粮供给关乎国家粮食安全

January 8, 2025

Consumer goods trade-in program to expand in 2025

On Wednesday, the macro planner (NDRC) announced the expansion of its consumer goods trade-in program. ICYDK: The State Council launched the consumer trade-in program in March to stimulate the consumption of big-ticket items, like autos and home appliances. Central policymakers upgraded the program…

On Wednesday, the macro planner (NDRC) announced the expansion of its consumer goods trade-in program.
ICYDK: The State Council launched the consumer trade-in program in March to stimulate the consumption of big-ticket items, like autos and home appliances.

Central policymakers upgraded the program...

sources

NDRC: 关于2025年加力扩围实施大规模设备更新和消费品以旧换新政策的通知(发改环资〔2025〕13号)

China.com: 国务院政策例行吹风会：加力扩围实施“两新”政策有关情况

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