string(13) "markets-macro"

Macro

May 25, 2022

Consider yourself on notice

Want a bank loan? Now’s a good time to apply. On Tuesday, the central bank (PBoC) and banking regulator (CBIRC) told banks to ramp up lending. In a statement issued after an internal meeting on monetary policy, the PBoC said it will: “Guide financial institutions to spare no effort to increase loan… Username Password Remember… Read More »

“Guide financial institutions to spare no effort to increase loan...

sources

PBoC: 人民银行召开全系统货币信贷形势分析会部署落实稳定信贷增长工作措施

PBoC: 人民银行、银保监会召开主要金融机构货币信贷形势分析会研究部署加大信贷投放力度

May 25, 2022

Faster, please

Beijing wants to get more money into the economy ASAP, but its channels for doing so are anything but efficient. Yesterday, we told you how the State Council had ordered local governments to speed up issuance and spending of special purpose bonds (SPBs). ICYMI: Back in April, the State Council said …

Beijing wants to get more money into the economy ASAP, but its channels for doing so are anything but efficient.
Yesterday, we told you how the State Council had ordered local governments to speed up issuance and spending of special purpose bonds (SPBs).
ICYMI: Back in April, the State Council said ...

sources

Gov.cn: 李克强主持召开国务院常务会议进一步部署稳经济一揽子措施

21jingji.com: 国务院：今年专项债8月底前基本使用到位，支持范围扩大到新基建

May 25, 2022

The price of power

Power price hikes in Jiangsu and Zhejiang provinces are presaging higher energy costs across the industrial economy this summer. Jiangsu has reportedly raised prices on nearly 30 large-scale manufacturers, officially related to energy efficiency targets but conspicuously in line with a surge (yet a…

Power price hikes in Jiangsu and Zhejiang provinces are presaging higher energy costs across the industrial economy this summer.

Jiangsu has reportedly raised prices on nearly 30 large-scale manufacturers, officially related to energy efficiency targets but conspicuously in line with a surge (yet a...

sources

Bloomberg: China’s Economic Recovery Faces New Hurdle in Rising Power Costs

May 25, 2022

New is not always better

On Tuesday, the State Council issued an action plan for controlling any pesky new pollutants that might come along. Should I grab my mask? The plan mainly targets the manufacture and use of hazardous chemicals that are not addressed by existing policies, such as pesticides that can produce new pollu…

On Tuesday, the State Council issued an action plan for controlling any pesky new pollutants that might come along.
Should I grab my mask? The plan mainly targets the manufacture and use of hazardous chemicals that are not addressed by existing policies, such as pesticides that can produce new pollu...

sources

Gov.cn: 新污染物治理行动方案

May 25, 2022

COSBAN carnival

China’s relationship with Brazil looks stronger than ever. On Monday, Vice President Wang Qishan and his Brazilian counterpart, Hamilton Mourão, co-chaired a video meeting of the China-Brazil High-level Coordination and Cooperation Committee (COSBAN). Some context: COSBAN is a bilateral dialogue me…

China's relationship with Brazil looks stronger than ever.
On Monday, Vice President Wang Qishan and his Brazilian counterpart, Hamilton Mourão, co-chaired a video meeting of the China-Brazil High-level Coordination and Cooperation Committee (COSBAN).
Some context: COSBAN is a bilateral dialogue me...

sources

Xinhua: Vice presidents of China, Brazil co-chair COSBAN meeting

Xinhua: Brazil's VP sees "extraordinary future" in ties with China

Xinhua: China, Brazil to boost investment, trade cooperation in multiple sectors

May 25, 2022

Xie and Kerry: Cli-mates for life

Despite it all, China and the US are still pushing for climate cooperation. On Tuesday, the world was treated to a rare display of Sino-American solidarity at the World Economic Forum in Davos, when Chinese climate envoy Xie Zhenhua shared some encouraging words with his US counterpart, John Kerry. …

Despite it all, China and the US are still pushing for climate cooperation.
On Tuesday, the world was treated to a rare display of Sino-American solidarity at the World Economic Forum in Davos, when Chinese climate envoy Xie Zhenhua shared some encouraging words with his US counterpart, John Kerry.
...

sources

Global Times: China, US climate envoys meet in Davos amid tensions, signals room for cooperation

China Daily: Envoys stand together over climate issue

CTV: At Davos, Kerry cites progress on China-U.S. climate group

May 25, 2022

Vroom, vroom

On Monday, the State Council decided to slash auto purchase taxes by RMB 60 billion to drive consumption. ICYMI: Lockdowns and COVID outbreaks have been doing a number on China’s auto sector (Reuters): April sales dropped 48% y/y, the steepest decline since February 2020. This tax cut is a big de…

April sales dropped 48% y/y, the steepest decline since February 2020.

This tax cut is a big de...

sources

21jingji.com: 鼓励汽车消费：国常会释放600亿元购置税优惠，燃油车或将受益？

SCMP: Coronavirus: Beijing cuts tax by 60 billion yuan to spur vehicle sales as ‘China’s Motown’ sits idle amid Covid-19 lockdown

Reuters: Chinese autos group estimates sales skidded 48% lower in April

Caixin: 鼓励汽车消费国常会提出减征部分乘用车购置税600亿元

May 25, 2022

Support keeps on coming

Beijing is cutting firms’ costs wherever it can. On Tuesday, the housing ministry (MoHURD), central bank (PBoC), and Ministry of Finance (MoF) jointly issued rules allowing companies hurt by the pandemic to defer contributions to their local housing provident funds. Crucially, employees will still …

Beijing is cutting firms’ costs wherever it can.
On Tuesday, the housing ministry (MoHURD), central bank (PBoC), and Ministry of Finance (MoF) jointly issued rules allowing companies hurt by the pandemic to defer contributions to their local housing provident funds.

Crucially, employees will still ...

sources

MoHURD: 住房和城乡建设部财政部人民银行关于实施住房公积金阶段性支持政策的通知

May 24, 2022

Giving a helping hand

Cities are giving their local property markets a helping hand. On Tuesday, 21st Century Biz reported that more than 60 cities have launched policies to help out their property markets in May – mostly to boost purchases. That brings the tally of cities that have introduced such policies this year to…

Cities are giving their local property markets a helping hand.
On Tuesday, 21st Century Biz reported that more than 60 cities have launched policies to help out their property markets in May – mostly to boost purchases.

That brings the tally of cities that have introduced such policies this year to...

sources

21st Century Biz: 房地产的关键5月：政策快车道与市场蓄力期

May 24, 2022

Size isn’t everything

Zhejiang province wants to become an energy system pioneer. On Monday, provincial officials announced plans to launch 100 “new power system” pilot projects by 2025 (Caixin). “New power system”: That’s Xi Jinping-approved jargon for building a sustainable grid capable of carrying China to net zero be…

Zhejiang province wants to become an energy system pioneer.
On Monday, provincial officials announced plans to launch 100 "new power system" pilot projects by 2025 (Caixin).
"New power system": That's Xi Jinping-approved jargon for building a sustainable grid capable of carrying China to net zero be...

sources

Caixin Global: Zhejiang Lays Out Plans for 100 New Renewable Energy Projects

Gov.cn: 市发展改革委关于印发天津市电力发展“十四五”规划的通知

Xinhua: 浙江能源发展“十四五”规划出炉 5年新增新能源2000万千瓦

BJX: 全文|四川省“十四五”可再生能源发展规划发布！

May 24, 2022

Build back better

Is this the stimulus we’ve all been waiting for? On Monday, the Party Central Committee and State Council issued a Rural Construction Campaign Implementation Plan, calling for massive investments into rural infrastructure over the next five years. Some context: Despite the increasingly bleak macroec…

Is this the stimulus we've all been waiting for?
On Monday, the Party Central Committee and State Council issued a Rural Construction Campaign Implementation Plan, calling for massive investments into rural infrastructure over the next five years.
Some context: Despite the increasingly bleak macroec...

sources

Gov.cn: 中共中央办公厅国务院办公厅印发《乡村建设行动实施方案》

People's Daily: 中办国办印发《乡村建设行动实施方案》提出12项重点任务

May 24, 2022

Ramping things up

On Monday, the State Council rolled out a raft of economic support measures. These included a bunch of credit and investment measures to buoy the economy. The big one? By the end of August, all funds raised from special purpose bonds (SPBs) must be deployed. That represents an acceleration from the…

On Monday, the State Council rolled out a raft of economic support measures.
These included a bunch of credit and investment measures to buoy the economy.
The big one?
By the end of August, all funds raised from special purpose bonds (SPBs) must be deployed.

That represents an acceleration from the...

sources

State Council: 李克强主持召开国务院常务会议进一步部署稳经济一揽子措施

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162